Its Brad Garlinghouse versus Gary Gensler as more news begins to pour out of the ongoing FTX scandal. Additionally, where is the Ripple v. SEC lawsuit heading next, and does SWIFT stand to be replaced in the near future? Tonight I cover the hottest stories in crypto today!
0:18 Brad v. Gary
2:41 Ripple Lawsuit Update
3:51 SWIFT Replacement?
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The Metaverse – A Virtual World Announced by Facebook CEO Mark Zuckerberg
The Metaverse is an alternate universe where everyone can connect, work, play, and create. It provides a virtual environment for free speech, free action, and free movement. In addition to these advantages, it allows people to share information, buy products, and learn new ideas.
Several tech companies are working to establish a virtual world where they can collaborate with others. Boeing, Andreessen Horowitz, Roblox, and Index Ventures are some of the companies that have invested in projects centered on the Metaverse.
The Metaverse, or the next chapter in the internet, was recently announced by Facebook CEO Mark Zuckerberg. Zuckerberg is investing $10 billion in the Metaverse, and it is expected to launch in 2019.
According to the CEO, the company will be working to create a shared virtual world where people can interact with each other. Users will have avatars that will interact with each other through virtual reality headsets. They will also have access to interactive apps and websites that will enable them to shop, hang out, and gather with other users.
One of the key ways to gain access to the Metaverse is by using cryptocurrencies. These tokens allow for a more legitimate way of ownership.
Some of the key currencies used in the Metaverse include NFT, or non-fungible tokens. These tokens are in-game collectibles, trading cards, passes to events, or even passes to other planets.
There is a growing demand for this technology as a way to establish digital ownership. Several brands have begun building in-house marketplaces for these coins.