Meta Will Launch An Nft Marketplace - Legacy Research Group

[Lucilla Gigi]

There are some who are stopping their tasks so that they can play Axie Infinity, which is a play-to-earn metaverse game, full-time. This metaverse rewards winners with the native currency, AXS. We're going into a world where a person's full-time job could be handling a shop in a metaverse. We'll have the ability to attend conferences, go to meetings, and capture up with our loved ones here.

This year, the business changed its name to "Meta," short for "metaverse." What do you make of that advancement? A great deal of people assumed that Facebook went forward with this rebrand to escape some of its past indiscretions. That's not the case. Facebook is one of the largest, most dominant services in history.

What Facebook/Meta Discover more here is trying to do is "claim" an entire domain on their own, as if there will only be one metaverse. And the reason is really extremely basic A number of the metaverses I discussed above could draw users far from Facebook's platforms. If we can connect with our good friends in a metaverse like Decentraland or The Sandbox, what use would we have for Facebook's social networks platforms? The business sees the capacity for the metaverse, and it knows it needs to catch up.

And it might surprise us to hear, however I do not think it will work. Facebook plans to create a metaverse, collect all of the user data, and capture 100% of the revenues and profit. This is a very old-school way of thinking. The most effective metaverses will include financial incentives and economies into their worlds.

This will be one of the biggest investment patterns of the next year. If you're jeff brown investor cryptocurrency not prepared, go right here to find out about Jeff's full "World IPO Day" earnings plan. Like what you're reading? Send your ideas to [e-mail safeguarded].

Generally, once you have an NFT, it's yours and no one can change that record on the blockchain except for you. At this minute you're probably picturing those 8-bit or finny monkey avatars that cost thousands of dollars. That's how the media represents NFTs, and if you don't know what I'm discussing, you're in for a reward.