Is the Bitcoin BOTTOM IN? (Nike LOVES NFTs)

Today we will be discussing multiple metrics for On-Chain Bitcoin data pointing to a potential bottom, and markets want to know “wen moon”? Next we’ll look at CEO of Polkadot Gavin Woods stepping down and last we’ll talk about the major gains for Nike’s NFT endeavors.

Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Piano Matty B, Crypto Keeper, Nerd Grl, & Kelly Kellam. Tune in for their insightful crypto analysis.

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Intro music by Gregario Franco. Song – Nacht
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What is the Metaverse?

The Metaverse is an online virtual world where users can inhabit their own space and interact with others via online avatars. Metaverse users can perform various actions, like buying and selling virtual property, and they are also free to express their views and opinions. They can also trade non-fungible tokens with other users in the virtual world.

The Metaverse is expected to make it easier to create, buy, sell, and display limited edition digital objects. However, it will differ from the open source metaverses that are currently available. For example, it will feature NFTs, the Novi crypto wallet, and the Diem stablecoin. While this stablecoin is not yet officially adopted, it is expected to be used in the virtual world.

In the future, the Metaverse may even be used as a currency in video games. Many blockchain-based applications will allow users to purchase virtual land and play games to earn money. Some of the most popular Metaverses currently available include Decentraland, Axie Infinity, and SecondLive. Axie Infinity, for instance, is built on the Ethereum blockchain. The underlying cryptocurrency, Axies, is a non-fungible token, which can be created using over 500 body components. In addition, Axies can be bred with other Axies up to seven times. The offspring can then be sold on the gaming platform.

Metaverse tokens will also require constant verification of ownership. This is a risky investment, since some will become more valuable than others. The market for APE is already quite high, making it the fourth largest Metaverse coin. The NFTs are keys to the metaverse virtual world, allowing users to access digital assets. In the metaverse, NFTs are secured by the metaverse blockchain, which protects digital property.

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