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VeChain is a former champion of the bull market that has, admittedly, seen better days. But I’m here to show you why VeChain may still be worth looking into. Join me as I take you through the recent updates and changes VeChain has made in its roadmap and its steps towards sustainable infrastructure.
0:00 Intro
0:37 Layers of VeChain
1:51 Going Green
2:54 Ve-NFTs
3:21 Big Moves–
3:51 2023 Updates
4:19 2024 Updates
4:48 The Future
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Facebook’s Network Effects Mean It Can Muscle In On The Metaverse
As the Metaverse continues to grow in popularity, many companies are looking into becoming involved in this virtual world. Some, like Microsoft and Facebook, are investing in the technology, which allows users to create, own, and manage their own virtual world. Others, like Google and Facebook, are acquiring virtual land. In fact, Facebook is already involved in the space, and its network effects mean it can muscle in on the Metaverse.
With blockchain-based applications, users can create and own virtual land, and play games to earn virtual currency. Some of the most popular metaverses are Decentraland and Axie Infinity, which are built on the Ethereum blockchain. In these games, users own non-fungible tokens known as Axies, which can be built from more than 500 different body parts. These Axies can breed with other Axies, and offspring can be sold on the gaming platform.
Companies like Microsoft, NVIDIA, and Epic Games have also joined the fray. A popular virtual currency called the NFT (Networked Fortress Terrain) has been used to purchase virtual worlds. In addition, many brands are now getting involved in the space, including Gucci and Coca-Cola, which recently collaborated with the popular game-creation system Roblox.
Despite the hype, it is important to understand that the metaverse is not a perfect place. Like the real world, it is full of potential for abuse. In particular, there are risks of addiction and potential loss of contact with real-world friends and family. This is why self-control is essential, as well as cutting invisible ties. Additionally, it can be expensive to enter the metaverse.
