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Metaverse Explained: Why Presidents Chasing it?

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Today’s topic is the “Metaverse”, a concept that CEOs like Mark Zuckerberg and Satya Nadella are talking about.

Is it the future of the Internet or a video game?

Or could it be an extremely disturbing, worse version of Zoom?

It’s hard to say right now.

However, the metaverse, which is on the radar of trillion-dollar giant companies and multi-billionaires as much as the cryptocurrency community, looks like it will be talked about a lot in the coming period.

About Metaverse, Turkey’s President Erdoğan also made a statement that “we are seeking to establish our own universe”.

So what does the word “Metaverse” mean to you?

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From 26 billion dollars to 100 thousand dollars

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Sam Bankman-Fried, whose cryptocurrency empire collapsed, announced that he had only 100 thousand dollars left in his bank account.

Weeks ago, Sam Bankman-Fried, dubbed the new Warren Buffett in the mainstream media, saw his personal fortune soar to $26 billion.

After Alameda Reserach’s balance sheet was leaked in early November, SBF’s fortune fell from $15.6 billion to less than $1 billion in one day.

In an interview with Axios, Sam Bankman-Fried said he had no idea what was going on.

What do you think about this issue?

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Someone tell Apple to leave Ethereum alone!

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Apple, which confronted Fortnite and Elon Musk over its 30% commission on each purchase in the Apple Store, has now set its sights on decentralized structures.

According to Coinbase, Apple has moved to take a 30% commission on the gas fee paid for NFT transactions.

For this very reason, Apple has disabled the latest update of the Coinbase Wallet app.

And what about you,

How would you explain to Apple that because of the way NFTs and blockchains work, they can’t get commission on gas fees?

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What if everyone knew how much money was in your bank account?

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At Art Basel in Miami Beach, a Brooklyn art collective unveiled an ATM that allows people to share their bank account balances with everyone.

Developed by MSCHF, a company known for its viral products, the ATM lists the bank account balances of those who use it, in descending order from largest to smallest.

Diplo, an American DJ and music producer, posted a video on Twitter on Friday showing him in first place with $3 million.

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Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.