In your nightly crypto news wrap-up, we bring you the top crypto stories. The court case between XRP and the SEC heats up while other XRP news breaks and Harmony One proposes to inflate their supply to compensate their hodlers.

What We Discuss:
0:00 Intro
0:16 Ripple XRP Case
2:30 Market Watch
4:08 Harmony ONE Inflates Supply

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A Closer Look at the Facebook Metaverse

There are many types of virtual worlds, but one of the most popular is called the Metaverse. In this digital world, users can build their own virtual properties and earn money through games. The most popular metaverses include Decentraland, Axie Infinity, and SecondLive. Each of these game franchises uses blockchain technology to enable play-to-earn models, which allows users to compete for crypto tokens. These games also allow users to breed up to seven Axies, which can then be traded or sold in the gaming platform.

The term “metaverse” was first used in 1992 by author Neal Stephenson to describe virtual worlds that were not real. Since then, the concept has been evolving through technology, encompassing virtual reality, augmented reality, blockchain, and cryptocurrency. The concept of the metaverse was popularized by Ernest Cline’s novel Ready Player One, which became a highly successful movie in 2018. The same year, Facebook acquired the virtual reality platform and hardware maker Oculus.

The term “metaverse” is a combination of “meta” meaning beyond and “universe.” In this virtual world, users can purchase land, build avatars, and even host events. People can also sell goods and services in the Metaverse, which allows them to trade cryptocurrency without worrying about national borders. The term is still very vague, and a number of creators and users are trying to define it. Let’s take a closer look at the Metaverse.

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