Today we will be discussing $1.8B in expiry options for BTC this Friday and how it could play a part in determining the short to mid-term price direction. Next, we’ll look at Vitalik’s Proposal for a new type of NFT and what it could mean for the future of ETH and Web3, and last we’ll look at MetaMask’s new partnership and how it’s trying to combat crypto scams and theft.
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The Metaverse Is a Game Changer For Facebook
When people talk about the metaverse, they tend to think of a unified space that merges the real world and the virtual world. But what exactly is the metaverse? In a nutshell, it’s a virtual reality where you can meet and interact with your coworkers. It also creates a space that is conducive to socializing. For the company behind the metaverse, the technology will be a game changer.
Currently, there are several companies investing in the metaverse, and some investors are even putting money in it. Index Ventures, for example, focuses on the later stages of startup development. Their portfolio includes companies like Trello, Farfetch, and Revolut. Many of them are streaming services. But there are risks associated with investing in the metaverse, including the risk of fraudulent transactions and regulatory uncertainty. Ultimately, this is the future of social interaction.
While VR is a key component of the metaverse, entry to the metaverse should not be limited to virtual reality headsets. Rather, people can tap into the metaverse using a computer or a smartphone. This broad accessibility will be critical to its success. Despite its promise, VR continues to have a hard time gaining traction among consumers. Up until recently, people interested in home VR had to choose between expensive computer-based systems and expensive, limited smartphone headsets.
In addition to a broader range of uses, the metaverse has attracted the attention of a wide variety of companies and investors. Several large companies have made announcements about plans to explore this new world, including Microsoft, NVIDIA, and Epic Games. VISA, for instance, purchased the first NFT for $150,000. And brands like Gucci, Coca-Cola, and Microsoft are getting into the metaverse as well.