Today we will be discussing Russia and its efforts to overcome SWIFT with the rollout of the digital Ruble. Next We’ll look at Morgan Creek now Bidding against FTX for a stake in troubled lending platform BlockFi, and last we’ll talk about Three Arrows capital defaulting on Voyager for $650M.
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Crypto Keeper, Gareth Soloway, Crypto Face, & Johnny Hopper. Tune in for their insightful crypto analysis.
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The Rise of the Metaverse
Facebook’s recent name change thrust the concept of the metaverse to the front page of news cycles. However, the hype surrounding the concept is far beyond the name change. Many believe that the metaverse could be the most revolutionary technology since the birth of the internet. Tech giants like Microsoft, Google, and Facebook are at the forefront of conversations about the metaverse. But other individuals and companies are also showing a great deal of interest. Here are some of the top people who are making this technology a reality.
First, the metaverse will be accessible on mobile devices, desktop computers, game consoles, and virtual reality glasses and headsets. It is expected to allow millions of people to work, play, and collaborate. Already, some companies are testing metaverse technologies. In Decentraland, a virtual plot of land costs $2.43 million, while Epic Games announces a $1 billion funding round for the metaverse in April 2021. While these early developments are still in their infancy, Zuckerberg’s views are becoming increasingly common.
The metaverse has attracted the attention of major tech companies, including Microsoft and NVIDIA. Its potential to expand into a global network has been acknowledged by Citi GPS, which recently published a report on the future of cryptocurrencies. However, the dark side of this emerging technology should not be overlooked. The risks associated with it include money laundering, counterfeit NFTs, and trading scams. Despite these risks, big firms have the resources to make the metaverse a success. They already have the trust of their users and are prepared to spend money on the technology.