BOO! Halloween may be over, but there’s a scary-promising coin to talk about today. In this video, I do a deep dive into Casper, looking into its ecosystem, POS model, and potential to change the game for layer 1 ecosystems.
1:48 For the Developers
2:52 Common Language
3:54 Smart Contracts
4:36 Casper 2.0
5:07 Future of Casper
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Facebook’s Metaverse Will Soon Support Non-Fungible Tokens
Currently, the Facebook metaverse is still under development, but the company has announced that it will soon support non-fungible tokens, such as virtual reality headsets. This will make it easier to sell limited edition digital objects. Facebook already owns virtual reality headset maker Oculus, and recently signaled that it is making a big hiring push for the unit.
The metaverse is being touted as the future of the internet, and major tech companies are putting billions into building it. However, there are also some risks. The metaverse is still relatively young, and there are a lot of issues to be worked out. The main concerns include regulatory uncertainty, counterfeit NFTs, and trading scams. Another potential problem is that most cryptocurrencies are highly volatile.
Some blockchain-based apps allow users to own virtual land and earn money while playing games. Some of the most popular metaverses include SecondLive, Decentraland, and Axie Infinity. Axies are non-fungible tokens and can be used to purchase items and play games. They can breed with other Axies. The offspring can be sold on the platform.
In addition to VC investments, Animoca has made significant progress in its efforts to get the Metaverse off the ground. Its subsidiary Sandbox, for example, has inked 24 metaverse VC deals over the past nine quarters and is one of the most prolific players in the space.