Developers and projects are leaving #Solana in droves. The top two #NFT projects, #Y00ts and #DeGods, have announced their move to #Ethereum and #Polygon. The total value locked in assets on the Solana network is down a staggering 98% 💔
#blockchain #cryptocurrency #shorts #youtubeshorts
Investing in Facebook’s Metaverse
The Metaverse is a virtual world populated with avatars. It is a virtual reality environment in which people can play games, interact with each other, and gather in social settings.
In this world, users can buy or sell virtual property, and can exchange or sell in-game tokens for other currencies. They can also participate in a variety of services, such as psychology or gambling.
Investing in the Metaverse can be risky. There is no certainty of how the world will evolve. Some may see the concept as a way to gain access to addictive lures, while others fear it will be a breeding ground for scams.
However, the technology that will enable users to interact with each other in the Metaverse is extremely advanced. Facebook has developed technologies that are perfect for the new world, including facial recognition and VR headsets.
Zuckerberg has stated that the Metaverse is the next chapter of the internet. This could mean that it’s the future of remote work. Users will be able to log into the metaverse from any device.
The Metaverse will be built on technologies like NFTs (non-fungible tokens) and cryptography. These two concepts will allow players to have actual value in the game. Creating and trading these items will require some knowledge of the technology.
Users can buy or sell items and virtual property for a metaverse currency, which will be similar to a proprietary currency in online games. This currency will be backed by tokens, which are a form of “passes” to events, clubs, and other places.