The rising oil cost perpetuated by multi-decade high inflation and the Russian conflict poses a real threat of freezing temps for families across Europe.
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What is the Metaverse?
The Metaverse is a virtual world that users can connect to and interact with. You can use the Metaverse to play games and buy and sell virtual property. This virtual reality platform also allows users to develop a virtual world. The Metaverse can be accessed and experienced using a mobile device. The platform uses Enjin’s proprietary NFT technology to assign value to virtual goods. Users can purchase, sell, and trade these items in accordance with the terms of their contracts.
Currently, there are several companies and developers interested in the Metaverse. For instance, Microsoft, NVIDIA, and Epic Games have announced their plans to explore the Metaverse. Moreover, VISA recently bought the first NFT for $150,000. Besides these companies, famous brands like Gucci and Coca-Cola are gaining interest in the Metaverse. Gucci, for example, collaborated with the online game platform Roblox to sell digital accessories in the form of NFTs. Coca-Cola has also launched its own digital tokens that act as stepping stones into the Metaverse.
Moreover, the Metaverse is social in nature, which is a significant feature that differentiates it from standard VR experiences. The metaverse allows players to make real-world friends, interact with others, and develop meaningful relationships. Another notable feature of the Metaverse is its ability to enable play to earn. By selling items to other players, users can gain cryptocurrency and use it for other purposes. Further, the metaverse’s interoperable architecture may allow for the portability of game assets. In addition, the Metaverse’s virtual world also allows users to create non-custodial crypto wallets.
