In tonight’s crypto news wrap-up, I take a look at the current happenings in the crypto landscape, including crypto’s bullish weekend, Coinbase’s newest expansions, and global adoption of crypto picking up speed.
📓Crypto 101: https://youtu.be/AaNfHskwLdg
🏘️Housing Crisis: https://youtu.be/a51Oi34c6Jc
🌐Internet Is Rotting Away: https://youtu.be/_rB6vjvYjNE
💻Cyber Warfare: https://youtu.be/gubDnq8jJxI
🌍World Economic Forum: https://youtu.be/ZOOtPB1pYtE
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0:14 Bulls Are Back in Town
#bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation
What is the Metaverse?
The term “metaverse” was first used by Neal Stephenson in his 1992 sci-fi novel Snow Crash, which described a world in which lifelike avatars roam around a virtual environment. In this world, each person can own a unique avatar that can travel through virtual reality. Ultimately, a Metaverse could be a place where people can interact with their favorite characters and interact with their avatars. In the future, the concept could be expanded to include other virtual environments such as those used for gaming.
While this future reality might sound futuristic, the term has real life applications. For example, a virtual world could be a real estate website, a VR game, or a commercial app for virtual reality. The possibilities are nearly endless. One of the most appealing features of the metaverse is its social aspects. Players can invite their friends from real life to engage in conversations and form relationships in virtual worlds. Additionally, a key feature of the metaverse is the concept of play to earn. By engaging in profitable activities, players can earn cryptocurrency and sell items to other users. In the future, users can also access this digital world via a virtual reality headset.
The growth of the Metaverse has spurred interest from the business community. The VC community is particularly skeptical of this new technology, with major players such as Block founder Jack Dorsey indicating that the development of Web3 would be controlled by Andreessen Horowitz, the early Facebook investor and advocate. In any case, Meta is not a sure bet to succeed in the transition, and a closed metaverse will ultimately lose on scale. Interestingly, this debate mirrors the rise of rival standards in the personal computer industry. The industry was surprised by the arrival of IBM, a rival to the industry.