What’s going on in the world of NFTs while the crypto market is crashing? Deezy is here to go over the latest NFT news. Spotify has spotted an opportunity in the NFT market, Opensea adds new verification features, and the NFT market… well, it’s down with the rest of the cryptos…
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What We Discuss:
2:53 NFT Market Down
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How to Make the Metaverse a Valuable Investment For Facebook
The Metaverse is a new form of virtual world. Facebook founder Mark Zuckerberg recently rebranded it as Meta. In the Metaverse, users can interact with real-world entities and play virtual games. In addition, cryptocurrencies are the currency of the Metaverse. In the near future, this technology may even become the currency of this new world. As more people begin to participate in virtual worlds, the future looks bright for the Metaverse.
Despite the fact that Facebook has invested $10 billion into Metaverse, it is not alone. Microsoft has been muscling in the virtual world space. A dominant player can capture the first network effects and eventually become a giant. This could worry Facebook investors. However, in the long run, the Metaverse may change the way we live, work, and play. It could even change the way we interact with one another. Ultimately, monetization of this virtual world will be crucial in its development.
One way to make the Metaverse a valuable investment is to develop an application for it. Many businesses have already jumped on the bandwagon. One of the earliest examples of this technology is the Oculus Quest and the Playstation VR. In fact, many industries now use virtual reality to engage with others and share information. While the metaverse is not yet a firmly defined term, it does contain a shared virtual world that users can access via the internet. Users will have a unique avatar that will be visible in the world they enter.