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 Crypto Investing in the Metaverse
The idea of a “metaverse” is nothing new. In the 1992 science fiction novel Snow Crash, Neal Stephenson envisioned lifelike avatars inhabiting 3D structures and virtual reality scenarios. Now, the concept is being implemented on a much bigger scale. A metaverse will need constant confirmation of ownership. Token sets can help with this. These tokens will have metadata indicating their ownership. In this way, the Metaverse Index will automatically invest in these tokens.
Microsoft has made significant investments in the future of gaming, from its indigenous products such as Microsoft Flight Simulator to acquiring top game companies like Electronic Arts. The company has purchased hit series like Halo, Fallout, and The Elder Scrolls. Microsoft’s Teams team chat and conferencing application may help pave the way for immersive workforce communication. The Metaverse is one of the most promising technologies for the future. Microsoft is already working on several projects to make it possible for gamers to play games in a metaverse.
Facebook is also actively involved in the Metaverse. Its subsidiary, Sandbox, was popularized by rapper Snoop Dog. The company has made 200 VC deals in total, including 24 metaverse investments. The company has become a leading player in the space over the past nine quarters. This demonstrates that cryptocurrency is an attractive way to create a “metaverse” on the blockchain. Among the companies that have made metaverse VC deals, the company Animoca Brands received a $5 billion valuation.
