The culprit of high gas prices at the pump is much larger than who is in the oval office at any given time (although that makes for good memes). In short, we’re dealing with oil used as an economic weapon coupled with rising inflation. 1974 told a similar story!
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What is the Metaverse?
A metaverse is a shared virtual world where people interact and participate in activities. This space enables social media and creates a new level of digital sociability. It will also create new opportunities for businesses and consumers to connect and expand their markets. The technology will revolutionize the digital economy by providing new ways for customers to engage with content and products. It will help them make informed purchasing decisions. The technology may be used for other purposes as well, such as virtual schooling.
Entrepreneurs will create services, content, and products for the metaverse. They will also need to find a way to monetize these services. In some cases, these can be derived from non-fungible tokens, such as those issued by online cinemas for movie viewing rights. Other applications for tokens include a form of currency for closed clubs, event tickets, or passes to other worlds.
One of the most popular metaverses is Decentraland, which is based on the Ethereum blockchain. This platform allows users to own virtual land and play games in exchange for virtual goods. Players can also earn money by selling items, and the system is designed to promote competition, reward players, and promote community experiences. While the platform is still in its infancy, developers are actively marketing it.
The Metaverse has attracted a significant amount of funding from investors, including some of the world’s largest tech companies. The company behind the game has announced that it has raised $1 billion to launch its platform. Its founder, Ian Fan, is a former school textbook editor and now a successful real estate investor. He is also a major investor in the companies that make video games.