This vid is the Q&A Session from today’s Live Stream. Want to watch the Live Stream?
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⏰ June 20th, 2022 – 5 Rules set PERMANENTLY on ALL Live Streams
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The Metaverse and Facebook’s Mark Zuckerberg
Metaverse is an online virtual world that allows its users to create content, play games, and conduct business. The concept of the metaverse is a relatively new one, but there is already a thriving community of participants. Many businesses and brands are also hopping on the bandwagon. For example, Gucci partnered with online gaming platform Roblox to create a game that lets users create virtual accessories. Coca-Cola is also jumping on the bandwagon with digital tokens that can be used for memberships in virtual worlds.
The metaverse’s popularity is fueled by a few notable companies. Animoca Brands, an early adopter of blockchain technology, struggled during the dotcom era as a mobile game maker. It also faced a large amount of regulatory pressure and financial difficulties as it dealt with cryptocurrencies. Today, the company is bolting into the metaverse by investing in foundational blockchain technologies, internal product development, and non-fungible tokens, which are a type of digital currency. These tokens are used to store value and authenticate ownership in a digital ledger. The company has raised over $360 million in the past year, valuing it at $5 billion.
The metaverse has also been in the news recently because Facebook’s CEO, Mark Zuckerberg, has been speaking about it publicly. In a recent conference call, he described the virtual world as the “next big thing” and compared it to a “social media” company. The “metaverse” is a combination of augmented and virtual reality. It is the ultimate expression of social technology and is increasingly being rebranded as “Meta Platforms.”