Cosmos is one of the major movers in the defi space, finding success by solving many of its issues. In this video I take a look at the ecosystem, why its such a major play in the space, and the “secret” that may propel it even further.
0:43 ATOM 2.0
1:32 Staking Returns
2:05 SCRT Ingredient
2:42 Future of Cosmos
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Facebook Launches a New Metaverse
Facebook is launching a new metaverse called Meta. It will support non-fungible tokens, which have thrived on the Ethereum protocol. The move is intended to make it easier to sell limited edition digital objects such as virtual reality headsets. The company owns virtual reality headset maker Oculus and recently signaled a major hiring effort for the new metaverse unit. It is still unclear how the company will use Meta, but if it does, it is a big step forward.
The concept is not new, but it has been seen in video games before. One popular game, Fortnite, has 350 million users. Recently, the game hosted a Travis Scott virtual concert for about 12 million gamers. While the game was primarily geared toward gamers, the metaverse aims to create a more social, online space for everyone to interact. The metaverse may be accessed via VR headsets, which are widely used for gaming.
The metaverse will be driven by entrepreneurs who will provide services, create content, and do useful things in the metaworld. These entrepreneurs will have to develop efficient ways to monetize these services. For example, online cinemas could issue tokens for movie viewing rights. People could also use these tokens to buy items, attend events, or visit another planet.
Blockchain technology is supporting the metaverse economy. Blockchain technology is essential to secure data and digital assets, and it incentivizes users to trade and commerce. Internet of Things (IoT) devices can connect to the network, and 3D innovation is enhancing user experiences by creating realistic interfaces.