If you think this year has been rough, many who are on the fence right now are going to leave if we experience nothing but sideways price action next year. The market will only bore people out of it for many to return in the hype of the next bull run. Even if you’re at a loss, stick around, and educate, and you will end up back in profit. If you accumulate now, that’s even better.
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Mark Zuckerberg and the Metaverse
The Metaverse is an emerging technology concept that combines the real world with virtual reality. Its benefits span the design and architecture industries to entertainment and retail, and is no longer just a sci-fi term. In fact, many companies have started racing to create their own proposals for metaverse-based applications. While the concept is still somewhat futuristic, it’s a promising one that could change the way we do business.
Mark Zuckerberg recently talked about the possibilities of the Metaverse, a digital universe that spans multiple platforms. It goes beyond creating a digital avatar and transferring content across apps. It also references NFT technology, which is a virtual certificate of ownership. For example, if someone owns an Xbox or PlayStation, they can use the NFT to play it.
Microsoft has also done a lot to enhance its own experiences, including developing in-house products like Microsoft Flight Simulator. It has also acquired several leading game companies, bringing in successful franchises like Halo, Fallout, and The Elder Scrolls. The company also recently launched Microsoft Teams, which is a chat and conferencing tool for virtual worlds. This could pave the way for future immersive workplace communication.
Several brand-name companies have also created in-house markets for cryptocurrency and NFTs. These can range from trading cards to virtual lands. Some of the companies have even partnered with the movie company Lionsgate to build a metaverse themed around the movie “Hellboy”. The Metaverse is built on the Ethereum blockchain, which provides top-quality security, although high gas costs are a downside. RFOX, the native metaverse coin, acts as a central hub for the ecosystem, connecting people, goods, and services in a single environment.