We’re talking about FTX literally counterfeiting coins to increase the supply on their exchanges and manipulate the price! The level of criminality is staggering!
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What is the Metaverse?
The Metaverse is a shared virtual universe that combines the physical world with the internet and virtual reality. It is one of the most popular trends in 2021 and has become a trending topic. Facebook recently renamed itself Meta. The company also announced that the ticker of its stock would change from FB to MVRS on December 1, 2018.
Users in this virtual world can own their own virtual land and play games for money. There are several popular metaverses, including Decentraland, Axie Infinity, and SecondLive. Decentraland, for instance, is one of the most popular metaverses on the market and has a large, active community. Many larger companies have begun marketing on Decentraland.
Microsoft is taking this idea to the next level with its own metaverse, which is expected to launch in 2022. This virtual space will be available to Microsoft Teams users and will function as a combination of hardware and software. Using blockchain technology, it can even serve as a data center. The technology may change the way we work in the future.
Facebook is also creating its own metaverse in order to monetize the platform. The company plans to make it easier to sell Limited Edition digital objects, display and resell them. It differs from other open source metaverses in that it will integrate NFTs and the Novi crypto wallet. In addition, it plans to incorporate the Diem stablecoin, a crypto currency proposed by Facebook earlier this year.