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, Microsoft, and the Metaverse
Facebook is throwing cash around in the virtual world space, and Microsoft is also muscling in with a $10 billion investment in Metaverse. While the social networking giant isn’t a crypto-currency company, it is still a powerful player that can capture early network effects and build an empire. This may be reason enough for some investors to be concerned about Facebook’s investments in the Metaverse. This article explores some of the issues to watch out for in the future of the Metaverse.
In a recent report, Citi GPS estimated that by 2030, there will be 5 billion users using the metaverse. While the company predicted huge growth, it also noted several challenges and dangers, such as regulatory uncertainty, money laundering, counterfeit NFTs, trading scams, and high volatility in most cryptocurrencies. Big companies do have several advantages over smaller startups, including budget and trust. But even if there are pitfalls, big firms are still investing in the metaverse, given their size, budget, and trust in the space.
The future of the metaverse will be dominated by entrepreneurs, who will provide services, create content, and build useful things for the metaworld. This will require a system of monetization that can support many services at once. Among these are non-fungible tokens that can be used for hours of play. A movie theatre online could issue tokens to entice movie-goers to purchase a certain number of movie tickets over a certain period of time. These tokens can also be used as tickets for events or a trip to another planet.
