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0:35 Algo’s basics
1:25 SWIFT and ISO20022
3:02 Silvio Micali
4:41 Deep dive into Algo
7:29 Partners and sponsorships
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Facebook Changes Its Name to Meta and Focuses on Virtual Reality Worlds
Facebook recently announced it is changing its name to Meta and focusing on virtual reality worlds. This news has created a huge buzz in the crypto community, and crypto projects focused on the Metaverse are experiencing a bull run. In fact, some of these projects have seen their token prices increase by 46% since the news broke. The news has also sparked a new wave of investment, with many crypto investors rushing to buy into the new platform.
The new metaverse will allow people to interact with AI avatars and experience new levels of entertainment. Users can make friends with AI avatars and participate in new ways, such as collaborating with world-renowned artists. Users will also have access to additional content centers and a planet dedicated to meditation and self-actualization.
As a result, big tech firms have poured billions of dollars into investing in the Metaverse. In fact, by 2021, sales of digital property are expected to exceed $500 million – a tiny fraction of the total value of real estate. Companies and individuals alike are flocking to the new virtual real estate market because of the long-term growth potential. While the Metaverse is still a very young technology, it has potential to transform the way we live and work.
In the early stages of development, the Metaverse will focus on enhancing social interactions. Users will be able to interact with each other via an online avatar, allowing free movement, speech, and action. In addition to this, users will be able to buy and sell virtual property and engage in other profitable activities. Users will be able to exchange the assets they create within their virtual world for cryptocurrency.