“Crypto is the only option.” 😳
#crypto #cryptocurrency #dollar #money #finance #economy #bitcoin #cbdc
Facebook’s Metaverse Could Be a Game Changer
Using virtual reality headsets, people can connect with each other and interact with their digital avatars. They can also buy and sell items in the metaverse.
There are several companies competing to control the Metaverse. Microsoft has been muscling into the virtual worlds market. Its immersive versions of Windows and Office will soon be available on Quest VR. And Facebook is throwing big money at the game.
Some crypto diehards are worried that a tech-giant could become a monopoly. They worry about cryptoland and non-fungible token trading. But the real promise of the Metaverse lies with its users. Depending on the gaming preferences of its users, the decentralized autonomous organization could be a hit.
In addition to the potential of the Metaverse to revolutionize the way we work, it also has a chance to open new vistas of possibility. Zuckerberg said that the future of the internet is in the Metaverse. But he warned that the tech may take years to mature.
Currently, the Metaverse is populated by non-fungible tokens (NFT). These are keys to access the virtual reality world. NFTs can be sold and gifted to other users, and can also be minted to earn a share of the revenue generated. These assets can be traded for other currencies, and can be used to purchase advertising space.
Some crypto-focused Metaverse games have been drawing attention in the past year. One example is The Sandbox, a virtual world that uses crypto technology to facilitate interaction. It has backed by tech investors like Atari. Its metaverse runs on the Ethereum blockchain.