In tonight’s crypto news wrap-up, J-Chains of @Meta Money takes a look at the current landscape of crypto, including the Fed’s latest stance on crypto, CBDC’s, and stable coins, as well as the potential 1984-like future in may bring about.
0:42 Powell’s Stand on CBDCs
3:22 Frankie Candles
4:45 Orwellian Nightmare?
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What is the Metaverse?
The Metaverse is a virtual world in which avatars interact with each other. It is accessible through virtual reality headsets. It is important for metaverses to be decentralized, and blockchain technology is one of the most common ways to create such networks. Non-fungible tokens are used to store ownership rights.
A new generation of digital worlds is emerging, and the Metaverse is one such example. World of Warcraft, for example, is a persistent virtual world that allows users to buy and sell goods. Other popular virtual experiences include Fortnite, which gives players the chance to explore MLK Jr. or Rick Sanchez’s personal virtual home. The Oculus virtual reality headset also allows users to be immersed in a virtual reality home.
As a social virtual world, the Metaverse offers many social features. Gamers can make new friends and build relationships with other users through AI avatars. Metaverse gamers can sell items and other items to other users in the virtual world for cryptocurrency. This type of social technology can be a key aspect of the future of virtual reality gaming.
In order to participate in the Metaverse, players must first create an account. Users must create an account before they can start creating new content. Users are encouraged to create games that will be played by other users.