In your nightly crypto news wrap-up, we bring you the top crypto stories. Treasury Secretary, Janet Yellen, paves the road for crypto regulation. The thermometer drops for Celsius. And the merge to Ethereum 2.0 is seeming to take a bit longer than expected.
What We Discuss:
0:17 Janet Yellen
4:41 Market Watch
5:39 Ethereum 2.0
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Blockchain and the Metaverse
One of the most important developments of the past few years has been the rise of the Metaverse. The creation of this virtual world is a major catalyst for the development of blockchain systems. As blockchain technology evolves, Metaverse games will help bridge the gap between developed and developing economies. The future of the Metaverse is based on blockchain technology, and it will ultimately facilitate decentralized finance, smart contracts, and governance. But how will the Metaverse impact these developments?
The term metaverse has multiple definitions. It refers to the digital world that exists outside of our everyday lives, and many experts see it as a 3D model of the internet. People can interact with one another in the metaverse through avatars. The term is also used to describe a digital world that combines physical and virtual spaces. It is a nebulous concept, with many different interpretations and uses. In many ways, it is similar to virtual reality, and many people believe it will revolutionize the way we use the internet.
The concept is not new; in fact, the concept of the metaverse has been making headlines for quite some time. The meaning of the term “metaverse” seems to be expanding by the day. As a result, more recognizable brands are beginning to incorporate the concept into their long-term plans. A great example is Netflix. A popular game is Fortnite, which is also in the metaverse. Moreover, the metaverse is a virtual playground where you can play Netflix movies and play video games.