Data from Coinglass and Watcher Guru appear to show a massive dump of bitcoin coming in but is that the right way to look at the data? Also, SBF says everything is fine for FTX and Vitalik has a new addition to the ethereum roadmap.
LINKS
https://www.coinglass.com/pro/i/Balance
https://cointelegraph.com/news/vitalik-reveals-a-new-phase-in-the-ethereum-roadmap-the-scourge
https://twitter.com/santimentfeed/status/1570339602346684416
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Facebook’s New Metaverse Could Be Embarrassing For Zuckerberg
The Metaverse is a blockchain-based virtual world where users can own a piece of virtual land and make money. Several popular metaverses exist today, including Decentraland, Axie Infinity, and SecondLive. These virtual worlds use non-fungible tokens called Axies. In this world, users can purchase a variety of body parts, breed with other Axies, and sell offspring for cash.
Facebook is currently trying to diversify its revenue streams away from its core advertising business. The company is trying to do this by creating different products and services. One of them, however, may prove to be embarrassing for Zuckerberg. In October, Facebook renamed its business unit Meta Platforms, and it has announced plans to release its own virtual currency for the Metaverse.
Many new technologies, including cryptocurrency and non-fungible tokens, may facilitate less-centralized virtual worlds. These visions could also be useful for the future of the Internet, since decentralized services can give users greater control of their data. In a future metaverse, NFTs could become the basis of its economy.
The metaverse is a catch-all term that refers to an online world where people can build and share virtual worlds. It’s similar to the Internet, but much more extensive. With the power of the Internet, users will be able to interact with avatars and virtual worlds, even if they’re in different locations.
