Today we hear a fascinating story of one of BitSquad members – the Dent Family. These guys managed to turn $300 into $1 Million business!
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Is the Metaverse a Real Or a Dream?
The Metaverse, a concept that combines virtual reality with the virtual world, has many proponents. It is believed to usher in a new age of digital connectivity, virtual reality experiences, and e-commerce. While VR continues to struggle to gain consumer traction, companies like Microsoft are betting big on this emerging technology. Microsoft recently purchased game developer Activision Blizzard for $86.7 billion. And there are some who question the safety of the Metaverse and its use as an escape.
With the rise of cryptocurrencies, states have sought to control the Metaverse. While the Metaverse may not be an actual place, it is likely to erase the barriers between developed and developing economies. Many believe that if a metaverse exists, it will massively onboard billions of people onto blockchain. However, this narrative has never been realistic. So, are we destined to experience a new reality? Animoca Brand’s Yung says that the book acted as a gateway drug to tech.
Blockchain-based apps allow users to own virtual land. They can then play and earn money. Popular metaverses include Decentraland, Axie Infinity, and SecondLive. The Ethereum blockchain is a major platform behind all three of these popular metaverses. Axies, or “tokens,” are non-fungible and are used to purchase virtual goods and services. Users can even create their own avatars and breed them up to seven times, selling them to other users.