In tonight’s crypto news wrap-up, Deezy takes a look at the current happenings in the crypto landscape, including new rounds of stimuluses rolling out, Crypto.com teaming up with Apple Pay, and dark skies ahead for XRP.
Timestamps:
0:00 Intro
0:21 Brand New Stimy (yellow)
1:53 Frank
1:54 Apple Pay is the Way (Brown)
3:53 Ripples Through XRP (Green)
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Is This the Next Big Thing in Crypto?
If you want to know more about Metaverse, read this article. It will give you the basics of what it is, how it works, and how to use it. Then you can decide for yourself if it is the right thing for you. It’s certainly more fun than the alternative. If you want to start using it, consider becoming a Metaverse investor. But be careful, this is not the right time to get involved in crypto.
Many Metaverses are centered on blockchain-based games and apps. In some of them, users can own their own virtual land and use it to earn money. Other popular metaverses include Decentraland, Axie Infinity, and SecondLive. The former uses the Ethereum blockchain to generate its currency, Axies, which are a non-fungible token. Axies can be bred up to seven times, with the offspring being sold on the gaming platform.
Various companies have invested in the metaverse, from Boeing to Google. Those companies have a vested interest in it, and are creating a digital environment where employees can work and collaborate. The next big competitor to Facebook may be Microsoft. The company recently introduced Mesh for Microsoft Teams, a collaboration tool that allows users to create avatars and work in a 3D holographic environment. Holoportation will allow users to access this digital world with a VR headset.
Facebook rebranded to meta after spending billions of dollars on its development. While Facebook has created little buzz around their ventures in the Metaverse, many other players are entering the market. Facebook has invested in virtual reality, which is why it may have an interest in controlling the Metaverse. Many analysts are hopeful that the Facebook CEO has a hand in creating it. It would be the next big thing. So what does this mean for us? We can expect to hear more about the Metaverse in the next several years, so stay tuned.
