There are some Look at this website who are quitting their jobs so that they can play Axie Infinity, which is a play-to-earn metaverse game, complete time. This metaverse rewards winners with the native currency, AXS. We're going into a world where an individual's full-time task might be managing a shop in a metaverse. We'll have the ability to participate in conferences, go to meetings, and overtake our pals and families here.
This year, the company altered its name to "Meta," short for "metaverse." What do you make from that development? A great deal of people assumed that Facebook moved forward with this rebrand to escape some of its previous indiscretions. That's not the case. Facebook is among the largest, most dominant companies in history.
What Facebook/Meta is attempting to do is "claim" a whole domain for themselves, as if there will just be one metaverse. And the reason is actually really simple Much of the metaverses I mentioned above could draw users away from Facebook's platforms. If we can link with our buddies in a metaverse like Decentraland or The Sandbox, what usage would we have for Facebook's social networks platforms? The company sees the potential for the metaverse, and it understands it needs to catch up.
And it may surprise us to hear, however I don't think it will work. Facebook means to develop a metaverse, collect all of the user data, and capture 100% of the earnings and earnings. This is a really old-school mindset. The most successful metaverses will incorporate financial incentives and economies into their worlds.
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Generally, once you have an NFT, it's yours and no one can alter that record on the blockchain except for you. At this moment you're probably envisioning those 8-bit or finny monkey avatars that cost thousands of dollars. That's how the media represents NFTs, and if you do not know what I'm talking about, you're in for a reward.