In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news.
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Facebook Launches Metaverse – A New Virtual World For Crypto Investors
Facebook has just announced that it will launch a new virtual world called the Metaverse, in which users will exist as avatars. The social network has set aside $50 million for research into this new venture, which it hopes will improve the overall user experience. This news sparked an immediate reaction from crypto investors, as native tokens for the most popular blockchain-based play-to-earn games soared more than 10% in less than 24 hours following the name change.
Microsoft has done a lot of work to create a better user experience, including indigenous products like Microsoft Flight Simulator. They’ve also acquired leading game firms, acquiring bestselling series like Halo, Fallout, and The Elder Scrolls. Another well-known game is Minecraft, which exemplifies the creator economy of the metaverse. Microsoft has also created an innovative chat and conferencing platform, called Teams. This could be the foundation for future workforce communications in a more immersive environment.
Entrepreneurs will help drive the metaverse, as they create and provide valuable content, services, and products. They’ll have to figure out how to monetize those services, as well as the value of their tokens. One way to monetize these services is by issuing non-fungible tokens that represent hour sessions. Similarly, online cinemas could issue tokens to allow people to watch movies for a certain period of time. Ultimately, tokens will also become a means to pay for events or even travel to another planet.
