Let’s look at our bloody portfolios. Bloody – because it’s bleeding. And that means that it’s time to spend our last USDC reserves on one of my favorite altcoins.
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
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What is the Metaverse?
The Metaverse is a spatial computing platform that provides digital experiences as an alternative to or a replica of the real world, along with key civilizational aspects like social interactions, currency, trade, economy and property ownership – founded on a bedrock of blockchain technology.
In a nutshell, the metaverse is an online virtual world that is hyper-realistic and immersive in terms of visuals, sound, and touch. It will also include your own custom avatar and digital assets that are recorded on a blockchain.
Tech giants are betting big on the metaverse, with Facebook Chief Executive Mark Zuckerberg recently declaring it as the next “big thing” in media. Companies are using the metaverse to build branded gaming experiences, virtual goods and 3D marketing showrooms to compete in an increasingly competitive space.
There are some dark sides to the metaverse, though, including crypto scams, counterfeit NFTs and trading scams — not to mention regulatory uncertainty. A major issue is privacy. The Metaverse will collect vast amounts of personal data – from eye-tracking movements to hand movements – so it is important that users are comfortable with the data collection.
Many are worried that the metaverse will allow users to participate in sex parties and neo-Nazi clubs, which may be difficult for people to control. There is also a lot of concern about how the metaverse can be used for surveillance. The metaverse will need to be designed carefully to avoid these concerns.
