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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
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The Metaverse – A Virtual World Where People Can Socialize, Interact and Create
A virtual world that’s independent of our physical one where people can socialize, interact and create. Constant technological improvements—including advances in processing power, computer graphics rendering and storage capacity, smartphone and gaming device performance and 5G technology—are making it easier for users to experience these immersive, three-dimensional worlds.
Some experts, like Facebook CEO Mark Zuckerberg, think the Metaverse will eventually supersede the Internet. The hype has fueled interest in VR headsets and apps that allow players to build, play and trade digital items in these worlds.
Companies big and small are racing to develop their own Metaverse experiences. Some are developing games that encourage players to socialize and compete with others, such as Minecraft and Roblox. Others, such as Nike and its virtual world Nikeland, are partnering with gaming platforms to help fans create and dress their avatars in Nike apparel.
In the future, a fully realized Metaverse could offer new opportunities for artists and musicians to create and share their work. It may also provide better access to education and recreation for those who live far from today’s urban centers or don’t have the money to travel.
But a Metaverse requires more than just the latest VR headset and software to function. A fully functional metaverse will require cooperation between multiple platforms, developers and users to ensure the safety of personal information and other assets. Companies that hope to thrive in this space will need to focus on security at a services level—or risk falling behind.
