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Recent events have raised questions about the future of cryptocurrency, and how it will affect traders. Keep an eye on these news for November 10th to find out what’s new at Binance!Crypto Investor News for 11/10/21 is a website that gives the latest news on cryptocurrency. It also includes price quotes and charts of different cryptocurrencies. Read more in detail here: crypto news.
The 2021 Bull Run Exit Strategy (r/cryptocurrency): One Reddit user’s take on why the cryptocurrency market is overpriced, as well as a potential exit strategy.
Takeaway for Investors: Be prepared for the long haul. If you’re not, try converting your crypto to stablecoins and living off the interest.
The top decentralized applications based on income produced in the previous year. Takeaway for investors: These are the dapps that are profitable. (Photo courtesy of the Token Terminal)
So, today I have a kind of nasty confession to make to you all.
Despite my best efforts to remove Meta Platforms, Inc. CEO Mark Zuckerberg, or “Zuck,” from my life by deleting Instagram and reducing my presence on Facebook and WhatsApp, I did buy an Oculus Quest a few months ago and have since spent more than 50 hours immersed in Meta-created virtual reality.
To avoid data monitoring, I obviously utilized a fake Facebook account to check in. Some may be surprised by what I’ve discovered, but I can categorically state that this is not the metaverse we were seeking for.
The Oculus Rift is just a glorified gaming console. It’s more akin to a PlayStation for your face than an internet gateway.
It is pretty immersive and entertaining to play on, but not for more than an hour at a time. VR sickness sets in after a certain amount of time.
Dizziness, headaches, and general nausea are all frequent side effects, and although you eventually grow accustomed to them, my wife and kids have lost interest in playing it.
I, on the other hand, still love getting a workout in Beat Saber while listening to Green Day tunes, but it’s not going to replace Zoom or my quad-monitor trading station anytime soon.
So, what exactly is the metaverse?
It’s been two weeks since Facebook’s big redesign, in which the social media behemoth attempted to wrest control of a sector that crypto experts had been working on for months.
Analyst Lou Kerner’s five-part series Assets of the Metaverse, which began in July, is a wonderful illustration of this.
However, when you ask folks what a metaverse is, you’ll receive a variety of answers. They mostly consist of…
- A virtual reality environment where you may share your experiences with others.
- You may own, trade, and display digital assets in this virtual economy.
- There will come a moment when we spend more time in the digital realm than in the physical one.
Apart from virtual reality, where I believe we can all agree that the technology just does not exist yet, games like Call of Duty, Fortnight, and even RuneScape, as well as social networking in general, all very well fulfill these requirements.
In my opinion, the phrase “metaverse” is nothing more than a hyped jargon that essentially means “internet.”
All players should be prepared.
Although blockchain and web 3.0 will revolutionize the way we think about digital assets and allow more interoperability across different online spaces, drawing parallels to Steven Spielberg’s smash film Ready Player One may be a stretch.
There’s no doubting that, like many of Spielberg’s masterpieces, this film had a big influence, but the first and most essential difference is that James Halliday’s Oasis was a centralized creation, maybe similar to what Zuckerberg has envisaged and definitely dystopian.
People are living in piled-up mobile homes, utilizing the game as an escape from their sweltering life, and wealth is greatly concentrated to the point that it badly impacts the actual world (inside the movie).
Our internet, on the other hand, provides equal access to everybody. Zuckerberg, Jeff Bezos, and Elon Musk are all ideal instances of people who started from humble beginnings and rose to become some of the world’s richest individuals, owing to their capacity to create.
What the blockchain has already enabled is a scenario in which these sorts of breakthroughs may now benefit not just their inventors, but also early adopters, and provide new economic incentives in which everyone who joins their networks receives a more equitable portion of the wealth produced.
That is not at all dystopian, my friends. In reality, the reverse is true.
In other news, something like the greatest inflation rate in 30 years was reported… In tomorrow’s newsletter, market analyst Evamarie Augustine will deconstruct that one.
If that’s the case, you’re not alone!
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The “public crypto” is a website that publishes news about the cryptocurrency market. The site has been around for over a year and provides a variety of information on cryptocurrencies, including price charts, trading data, and industry trends.
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