GameStop unveils its new crypto wallet for sending and receiving in-game items and NFTs; Fantom jumps twelve percent on Fantome stablecoin development and speculation surrounding Andre Cronje returning to DeFi; and SWIFT experiments with CBDC interoperability.

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0:28 Gamestop
1:04 Is Andre Cronje Returning to De-Fi?
3:03 Market Watch w/ Frankie Candles
4:05 SWIFT and CBDCs


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Blockchain and Crypto Assets Could Become the Currency of the Metaverse

The Metaverse is a virtual reality platform. It can be accessed through a number of different platforms. It may be used for gaming or other forms of entertainment. It may even be used for business purposes, though this functionality is lost with Zoom calls. Some companies have invested in developing their own Metaverse. Some of these companies have announced investments worth billions of dollars. The technology behind Metaverse is very innovative, with a proven track record in VR.

A key component of this technology is blockchain technology, which enables users to build worlds and objects without the need for a central authority. For example, the metaverse project Decentraland uses Ethereum to create virtual land. People on the platform can buy land tokens, which are non-fungible. As a result, the environment is decentralised, allowing the users to behave however they want. Decentraland also features games and social spaces.

The technology behind the Metaverse is still being tested. It is not yet fully developed and is unlikely to be fully functional until it can be accessed through one location. It’s best to think of the metaverse as a 3D version of the internet. If the technology works out, it could be a $800 billion industry by the year 2024. This technology will have enormous benefits. Moreover, it will create a platform for companies to offer products and services that consumers actually want.

As a result, blockchain and crypto assets could soon become the currency of the Metaverse. In addition to being used as a means of payment, the Metaverse will bring the world closer together, which is the aim of its development. Moreover, the success of a decentralized autonomous organization will be dependent on the type of commercial relationships, platforms created and gaming preferences. Nonetheless, the Metaverse has enormous potential to change the way we live and work.

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