In today’s portfolio update, I explain my new additions to several of my portfolios, as well as how the potential of us already hitting the bottom affects my decisions.
0:37 Have We Bottomed?
3:49 ISO 20022 Update
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Facebook CEO Mark Zuckerberg Is All In On The Metaverse
Metaverse is an online game that lets users create virtual land and use it to play games and earn money. There are several popular metaverses, such as Decentraland, Axie Infinity, and SecondLive. These games use blockchain technology to create virtual worlds. In these virtual worlds, players purchase Axie tokens, which are non-fungible. They can breed with other Axies and have up to seven offspring, which can then be sold on the game’s platform.
Metaverse is a hybrid of blockchain technology, virtual reality, and web 2.0. Its blockchain technology allows users to hop between different virtual worlds. For example, a person can buy a Burberry shirt on one platform, and take their avatar to another metaverse to wear it. In this way, they can buy and sell virtual objects and invite friends to visit them there. The blockchain also ensures that users’ digital property is protected.
In addition to blockchain technology, the metaverse also includes decentralized social spaces and virtual worlds. These virtual worlds are powered by blockchain technology, which allows users to create objects and worlds with their own digital assets. The Ethereum platform, for example, created Decentraland, an example of such a metaverse. In this virtual world, people can buy and sell land by purchasing tokens. Tokens can also be used to trade and invest in virtual currencies.
The Facebook CEO, Mark Zuckerberg, is all in on the metaverse. The social networking company wants to be part of the big leagues, where big companies take the biggest shots. As a result, he has rebranded the company, using the word “metaverse” in its communications. The rebranding process has been a positive one, and early work is already underway to move the business forward.