There are some who are quitting their tasks so that they can play Axie Infinity, which is a play-to-earn metaverse video game, complete time. This metaverse benefits winners with the native currency, AXS. We're going into a world where an individual's full-time job might be managing a storefront in a metaverse. We'll be able to attend conferences, go to conferences, and overtake our loved ones here.
This year, the company altered its name to "Meta," short for "metaverse." What do you make of that development? A lot of people presumed that Facebook moved forward with this rebrand to avoid some of its previous indiscretions. But that's not jeff brown investor cryptocurrency the case. Facebook is among the largest, most dominant businesses in history.
What Facebook/Meta is attempting to do is "claim" an entire domain for themselves, as if there will only be one metaverse. And the reason is actually really simple A lot of the metaverses I pointed out above might draw users away from Facebook's platforms. If we can link with our pals in a metaverse like Decentraland or The Sandbox, what usage would we have for Facebook's social media platforms? The business sees the capacity for the metaverse, and it understands it needs to capture up.
And it may amaze us to hear, but I do not believe it will work. Facebook intends to develop a metaverse, gather all of the user data, and capture 100% of the revenues and profit. This is a really old-school method of thinking. The most effective metaverses will integrate financial incentives and economies into their worlds.
This will be among the greatest investment trends of the next year. If you're not prepared, go right here to find out about Jeff's complete "World IPO Day" earnings plan. Like what you're reading? Send your ideas to [e-mail safeguarded].
Essentially, when you have an NFT, it's yours and nobody can alter that record on the blockchain except for you. At this moment you're probably picturing those 8-bit or finny monkey avatars that offer for thousands of dollars. That's how the media represents NFTs, and if you don't know what I'm talking about, you remain in for a reward.