Today we will be discussing the GDP report that showed the US economy shrunk -0.9% for Q2. Next we’ll look at [FTX.US](http://FTX.US “‌”) now offering stocks on the FTX app to US customers and last we’ll talk about renowned artist Damien Hirst opting to burn 1000s of his physical artworks for his year long NFT project.

Around the Blockchain is your favorite Cryptocurrency show discussing Bitcoin, Ethereum, Cardano, and the top altcoins. Our four crypto experts Crypto Lifer, Tim Warren, Brad Varnell, & Joe Parys. Tune in for their insightful crypto analysis.

Crypto Lifer:
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Tim Warren: []( “‌”)
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Brad Varnell:
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Joe Parys:
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Intro music by Gregario Franco. Song – Nacht
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The Metaverse – A Virtual World For Social Media and 3D Interaction

The Metaverse is a virtual world that facilitates social media and 3D interaction, offering a new level of digital sociability and expanding business markets. It is being hailed as a major disruptor of the digital economy, allowing customers to interact with content and products in a new way and ultimately enhance their buying decisions. While the exact uses of the Metaverse are not yet clear, the concept has garnered considerable interest from companies and brands alike.

For instance, a recent article by Goldman Sachs suggests that crypto technology will play a central role in the Metaverse, allowing users to securely own assets and transfer them across platforms. Facebook believes this is the future of social media and rebranded itself as Meta. Microsoft has also become involved, and Facebook itself is already experimenting with metaverse games. Facebook CEO Mark Zuckerberg even released a long video explaining some of his plans for the future of social media. He didn’t mention the word “decentralized” when describing his vision for the future of Facebook, but said he’d be addressing some of these concerns later on.

Neal Stephenson coined the term “metaverse” in 1992 with his seminal novel Snow Crash. This novel featured characters who wore VR goggles and had left the “actual” world behind. Since then, the Metaverse has expanded and evolved. Yet, many creators and users see it as an unfulfilled “aspiration.”

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