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Today we will discuss how Dogecoin overtook Coinbase market cap and what may be in the future for this feisty meme pup. Next our guest panel will take a look into Animoca Brands major recent move into Web 3 metaverse projects,
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Facebook’s Metaverse
The metaverse, also known as the “Internet of Everything,” is a digital space where people can interact in 3D virtual spaces. It is a blending of software and hardware. It allows users to create virtual worlds, share content, and collaborate online.
It’s a mix of virtual reality and augmented reality technologies that are designed to bring the physical world to life. The technology works by securing data and allowing individuals to own and trade digital assets.
It will be powered by blockchain. This technology is secure and enables the creation of non-fungible tokens (NFTs). They can be trading cards, in-game collectibles, and passes to events. They’re also used to facilitate psychological services.
Zuckerberg has teased that Facebook will support NFTs in the future. The company will work with NFT assets that are built on public blockchain platforms.
Avatars will be able to communicate with other users, shop, and learn about new ideas. The concept of the “virtual self” was first introduced by Mark Zuckerberg. Avatars will be able to change their appearance with payment, and they can purchase new weapons and tools to use in the game.
In the future, the Metaverse will be used to build digital spaces that can be accessed by VR headsets. This will enable companies to extend their markets. Avatars will be able sell virtual property, exchange it for non-fungible tokens, and participate in a virtual economy.
While the tech is still in its infancy, it could take years for the metaverse to fully develop. But it’s expected to have a major impact on the global digital economy.
