In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news.
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Facebook is Creating a Metaverse
Facebook is making an investment in creating a metaverse, which is an online world whose users can interact with avatars in an environment parallel to the real world. The technology behind metaverse is the combination of virtual reality and augmented reality. The company has plans to hire at least 10,000 people in Europe to develop this new technology. Zuckerberg also praised the metaverse when he spoke about it previously. This article will explain what a metaverse is and what Facebook has in store for its users.
In the metaverse, users own their own virtual land, in which they can play games, breed, and earn money. Popular metaverses include Decentraland, Axie Infinity, and SecondLive. Axies are non-fungible tokens that can be used to store value on a digital ledger. Players can breed up to seven axies and sell off their offspring on a gaming platform. Tokens in the metaverse have become so valuable that they have seen a 25.8 billion dollar spike in trading volume in the past year.
Video games have also embraced metaverse technology. Fortnite, a popular video game with 350 million users, recently hosted a virtual concert featuring Travis Scott. It is hoped that metaverses will eventually expand beyond gaming to become a real online social space. This new technology could also be accessed via VR headsets, which are currently used for gaming, but could potentially make it possible for workers to work remotely, without leaving their offices. The possibilities are endless.