In your nightly crypto news wrap up, we bring you the top crypto stories. The internet enters conspiracy mode as LUNA goes into freefall below a dollar, April’s CPI puts up a 40-year all-time high, and the SEC’s chair, dirty Gary Gensler, accuses crypto exchanges of trading against their users.

What We Discuss:
0:00 Intro
0:22 Janet Yellen on LUNA
0:48 LUNA Price Plummets
2:06 Frankie Candles Market Watch
3:27 April’s CPI
4:26 Gary Gensler

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Facebook CEO Mark Zuckerberg Isn’t Sure Where The Metaverse Is Going

As the metaverse grows, so will its companies. Animoca Brands, a company with a global presence, raised $810 million in funding over the last two years. The company is working with metaverse VC specialist Liberty City Ventures, as well as Boyu Capital and Winkelvoss Capital. Last year, the company raised $360 million, valuing it at $5 billion. The company is also planning to develop a cryptocurrency, which is a form of virtual currency that stores value and authenticates ownership in a digital ledger.

The CEO of Facebook is betting big on this technology, teasing that it will be the next mobile internet. But he isn’t sure where Metaverse is headed. He thinks it will become the future of crypto gaming and erase the divide between developed and developing economies. He also says that Metaverse will massively onboard billions of people onto the blockchain, but he’s not sure where it will go. It hasn’t been easy to get a clear picture of what exactly the Metaverse will look like.

If the metaverse is successful, entrepreneurs will be driving it. These entrepreneurs will provide services, create content, and do useful things for the metaworld. It will also require a mechanism for monetizing such services. For example, NFTs can be issued for hour sessions in the virtual world, like movie tickets for online cinemas. And they can be used as passes to events, or to visit an alternative planet. The metaverse will allow entrepreneurs to create their own virtual currencies and make money from it.

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