PERFECT Timing! 🏆

With news lows for BTC and many alts coming exactly a year after the top of the bull run, we’re starting to see this match perfectly how the cycle is expected to play out. That means that for the next year aggressive DCA into the crypto market is probably a recipe for success.

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What is the Metaverse?

A metaverse is a virtual universe in which avatars can interact with one another and engage in various activities. They can be accessed through a virtual reality headset. In order for metaverses to exist, they must be “decentralized,” which is facilitated by blockchain technology. This type of technology uses cryptography to create networks where there is no centralized authority. Blockchain technology is also used to create non-fungible tokens, which allow users to store ownership rights permanently.

Microsoft, NVIDIA, Epic Games, and others have announced their plans to explore the metaverse. The first NFT was purchased by VISA for $150,000, and several other high-profile brands are jumping in. For example, Gucci collaborated with game creation platform Roblox to sell digital accessories and digital tokens in the form of NFTs. Coca-Cola also launched its own digital tokens to enter the metaverse.

The pandemic has given rise to the cultural adoption of the Metaverse. Blockchain-based video games like Decentraland and Axie Infinity have become popular. The blockchain-based games allow users to earn money by playing virtual games. The developer behind Axie Infinity, for example, is a tech industry veteran with experience in video games. Animoca Brands is the major investor in Roblox and CryptoKitties creator Dapper Labs.

While the metaverse may seem like an amazing innovation, it can be dangerous. Some users have reported getting sucked into the virtual world and losing touch with their family and friends. Users should practice self-control and cut invisible ties to prevent addiction. Additionally, Metaverse entry hardware and software are expensive. They may exacerbate existing wealth inequality and contribute to online addiction.

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