MetaMask is one of the most trusted crypto hot wallets on the market, which can help you make quick and efficient purchases and trades. In this Bitlab tutorial video, AJ shows you how to set up a MetaMask wallet, add funds to it, and use it to purchase NFTs!
0:20 What is MetaMask?
2:32 Creating a Wallet
5:00 Adding Tokens
6:28 Adding Networks
7:50 Purchasing Funds
8:29 Sending Crypto
8:46 Swapping Crypto
10:40 Buying NFTs
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Facebook’s $10 Billion Metaverse
Earlier this week, Facebook announced that it will invest $10 billion in building a “Metaverse,” a shared virtual platform that allows users to interact regardless of time and location. This technology is set to disrupt the digital economy and expand businesses’ markets.
A key component of the Metaverse is “NFTs,” or non-fungible tokens. These are created from over 500 different body components and can be used in specific virtual environments. Using these tokens, players can purchase and sell items, earn money, and stake to win prizes.
Several different companies are developing metaverses, including Roblox, SecondLive, and Decentraland. These platforms are built on the blockchain and use VR technology to allow users to interact with their surroundings. However, these systems are still in development.
Another popular metaverse is Axie Infinity, which is also built on the Ethereum blockchain. Players can earn Axie Infinity Shards through staking, winning tournaments, breeding Axies, and participating in matches. They can also be sold for real-world value.
Other major players include Roblox and Enjin. These platforms allow users to create virtual selves and digital worlds using VR technology. These environments are decorated with NFTs. The cryptos associated with these environments are relatively new, but they have a small user base.
A number of crypto kids believe that the Metaverse should be community-owned. However, this idea isn’t necessarily realistic. The history of the Internet suggests that companies will win.
One of the major issues with investing in Metaverse cryptos is that they are illiquid and volatile. They crash due to sneezes, which could cause users to lose money.