Today we will be discussing the release of the fed minutes from the June meeting and what we can expect from the next meeting scheduled for the 13th of July. Next we’ll look at Voyager Digital filing chapter-11 bankruptcy and last we’ll talk about Europe’s 1st spot BTC ETF set to be launched on Amsterdam’s Euronext Exchange.
Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts include CryptoWendyO, Mine Your Biz, Altcoin Daily, & Ben Armstrong. Tune in for their insightful crypto analysis.
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📓Crypto 101: https://youtu.be/AaNfHskwLdg
🏘️Housing Crisis: https://youtu.be/a51Oi34c6Jc
🌐Internet Is Rotting Away: https://youtu.be/_rB6vjvYjNE
💻Cyber Warfare: https://youtu.be/gubDnq8jJxI
🌍World Economic Forum: https://youtu.be/ZOOtPB1pYtE
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How Entrepreneurs Are Monetizing the Metaverse
Entrepreneurs will drive the growth of the Metaverse. These entrepreneurs will create content, offer services, and make products useful to the metaworld. But how will they monetize this new frontier? One way is by creating a digital currency that isn’t fungible, such as NFT. Tokens could be used to purchase hour sessions of online cinemas, tickets to sporting events, or passes to another planet. It could even become the basis for a new economy within the metaverse.
In 1992, Neal Stephenson first used the term metaverse in his cyberpunk novel Snow Crash, which focuses on a dystopian future where humans escape from reality to escape into a virtual simulation. In recent years, the technology has evolved to encompass augmented reality, virtual reality, and cryptocurrency. The concept of a metaverse became mainstream in Ernest Cline’s novel Ready Player One, which became a hit movie in 2018. In 2014, Facebook acquired virtual reality hardware and platform Oculus.
A growing number of companies have sprung up to build metaverses. Some of these include Animoca Brands, which started as a small mobile game maker in 2007 and has since grown to six hundred employees and 14 countries worldwide. The company became profitable in 2021 and generated $530 million in bookings and income in its first nine months. Its digital assets were worth $15.9 billion in November 2021. The market for the Metaverse is expected to reach $21.7 trillion by 2030, and it’s expected that cryptocurrencies, mixed realty technology, and artificial intelligence will make up this new ecosystem.