Is capitalism really failing us? Are there more bank insolvencies on the horizon? In this video, I go over the latest crypto and finance news and show you there’s more to life than being tied to your bank.
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0:00 Bitcoin Surge
1:39 Bank Run?
4:02 Ken Griffin’s Bad Takes
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
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What is the Metaverse?
Metaverse is a spatial computing platform that provides digital experiences as an alternative to or a replica of the real world, along with key civilizational aspects like social interactions, currency, trade, economy and property ownership – founded on a bedrock of blockchain technology.
Crypto and Nft
The crypto industry is a major driving force behind the Metaverse, as many of these platforms are based on non-fungible tokens (NFTs), which give owners a kind of digital deed or proof of ownership that can be traded for other virtual assets or goods in the Metaverse. For example, there are metaverse worlds that sell land and buildings to businesses and individuals, like Sotheby’s or Decentraland.
Gaming
The game “Fortnite” has also shown a lot of potential for the Metaverse, as it allows players to dress up as celebrities or comic book characters and battle against other players in an online multiplayer experience. And Nike has partnered with Roblox to create a Metaverse that will allow users to customize their avatars and outfit them in Nike gear.
User Ownership
The best Metaverses will allow people to own their communities, apps and digital goods — a revolution that creates a new kind of economy. This is why the Metaverse will be more than just an internet.
Unlike the Web, which is based on content creators, the Metaverse will be based on communities and the users who are in those communities. It will be a space where all the things that make up our lives can be found in one place.
