In all of our portfolios we want to have holdings in ETH, ADA, XRP, and MATIC. These four we believe are going to be leading the charge for us in the next bull run.
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What is the Metaverse?
The metaverse is a virtual world in which users can own virtual land, earn money, and play games with other users. Some popular metaverses include SecondLive, Decentraland, and Axie Infinity. They are built on the Ethereum blockchain and feature non-fungible tokens called Axies. These Axies can be constructed from over 500 components and can be bred. They can produce offspring that can be sold on the gaming platform.
The concept of a “metaverse” is not fully defined, but it is believed to be an extension of Facebook, which aims to integrate the digital and physical worlds in an increasingly interactive way. Facebook’s CEO, Mark Zuckerberg, has publicly acknowledged the potential of this new technology, which he says will help unlock a “massively larger” creative economy.
Facebook is already involved in metaverse development, and the company owns virtual reality headset maker Oculus. The company recently announced it is launching a large hiring push for this unit. However, there is still some doubt that Meta will succeed in the transition to an open metaverse. The VC community has expressed concerns about its future prospects, and critics are expressing concerns about the company’s ability to remain independent.
Metaverse technology will make it possible for people to engage in social networking without the use of traditional social media tools. In addition to allowing people to share information and interact with others, a metaverse platform will make it easier for businesses to access new markets and connect with customers. This technology will transform the digital economy by providing a new environment for companies to promote products and services.
