BREAKING NEWS: Bored Ape Owner Files $1M Lawsuit Against OpenSea Over 'Stolen' NFT.
A Texas man is suing OpenSea over an exploit that saw high value NFTs, including his Bored Ape, sold for a fraction of their cost. Read full article here.
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General discussion about the metaverse, virtual worlds, Non-fungible Tokens (NFTs) ecosystem that doesn't fit better elsewhere. News, the metaverse community, innovations, the general environment, etc. Discussion of specific Metaverse/NFT-related services usually belongs in other sections.
- Posts: 19
- Joined: Thu Feb 24, 2022 10:27 am
Metaverse is a virtual representation of reality. Users can use virtual self that can look any way they want and then can attend concerts, visit art galleries, or visit foreign places in these virtual worlds. There are more than one metaverse, each with its own set of protocols but all have the same goal in mind, i.e. to allow more overlap between our physical and digital lives. Metaverse presents a massive opportunity for crypto. It has potential to change how people socialize, watch performances, interact with brands, learn and trade digital assets. Crypto is primarily used for handling transactions and other tasks relevant to the physical world; cryptocurrencies for example are digital assets that are used as a medium of exchange and a store of value in these virtual world. Cryptocurrencies are the Metaverse’s money, and each Metaverse has its own set of coins. They are used for paying everything including NFTs, virtual real estate, and more. Cryptocurrencies serve as a link between the physical and virtual world. They allow us to calculate the value of digital assets in fiat currency and their returns over time. The liquidity of crypto on exchanges around the world also allows investors to realize profits by selling coins and NFTs directly to buyers. Crypto is becoming more mainstream in terms of utility and adoption as it becomes the metaverse’s medium of exchange.
- Posts: 17
- Joined: Wed Mar 02, 2022 10:02 am
YES, the metaverse is the next big thing in the crypto world. Metaverse is a digital avatar-based universe where users can interact, play games, and experience things or activities as they would in the real world.