Are NFTs a full-on scam? In 2022, thousands of NFTs for the Coachella music festival were frozen leaving users without any art in their NFTs. Why? The actual assets were held on servers that belonged to FTX. This is a problem with NFTs as a whole and not just ones connected to Solana and FTX. It’s a bug in the system while we bridge the gap between Web2 and Web3. Is there a solution? Or is this the achilles heel for NFTs? And I wonder if Filecoin has anything to say about it.
0:52 The Problem
2:32 Why Decentralized is Better
4:12 What is Filecoin?
5:14 Filecoin for Storage
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Mark Zuckerberg and the Metaverse
The metaverse is a digital universe that combines real-world environments with virtual reality. Its users create avatars, interact with others, and participate in games. They can also own virtual property and resell their digital assets.
Mark Zuckerberg, the CEO of Facebook, is a big fan of the metaverse. He says it is the next chapter of the internet.
Zuckerberg believes that the metaverse will offer more business opportunities. This is because it will allow the users to buy and sell digital objects. Additionally, it will make it easier to display them.
Zuckerberg is not the only tech company that is experimenting with the metaverse. In fact, Microsoft plans to build its own.
Facebook is investing $10 billion in the metaverse. This is a significant investment for a tech company, but it may worry some investors.
The tech company has already made investments in a number of metaverse projects, including Roblox and Open Sea. These projects are all backed by Andreessen Horowitz, a large venture capital fund that invests in early-stage companies like Facebook and Airbnb.
Metaverse cryptos are relatively new, but they are starting to become popular. They have small user bases, and their price is often volatile.
APE is the fourth largest metaverse coin, with a market cap of $1.015 billion. The cryptocurrency was launched on March 17, with an initial circulating supply of 300 million tokens.
There are a number of other projects that are growing in popularity, including RFOX. These projects are centered around community experiences, including gaming, e-commerce, and retail.