To the Metaverse and beyond, with all of our π
India's crusade against cryptocurrencies, what is Slippage, how Web3 writers investigate, Graph Protocol and much more...
Dear Tokener,
We could congratulate you on Valentine's Day, and also send you a πΉ and even a π, like today's Google doogle. But since we understand that you will be saturated with that (the rest of the days could already be so βhappyβ), today we want to talk to you about something else that we believe will interest you more: the Metaverse. That virtual "entity" that drives us all crazy and that everyone talks about (and few really know what it's about).
And all this follows from one of the articles you can read today (ππ), in which that is specifically revealed: a word that has become fashionable and is used without any shame.
I don't know about you, but here, when talking about the Metaverse, our head inevitably looks back and sees a Second Life (yes, we are the ones who try to play and investigate with a modem of almost 48 Kb... it should have been called "Mission Impossible β π²).
But if you keep that in mind as a reference, you're not on the wrong track. Because the real Metaverse, the one that everyone talks about, is a Second Life but much more advanced.
In principle, the metaverse is a more physical version of the internet. Instead of writing emails or Slack messages to your co-workers or making a phone call, you'll enter the metaverse and your avatar, a digital version of yourself, can carry on a conversation in a digital version of your office.
Instead of playing video games by picking up keyboards or controllers or your phone and looking at a screen, you can move around and make your avatars play.
The concept could change the way people work, play, travel and live. We borrowed this video from Business Insider, which we love.
How big is the change it can bring to our lives? It can be⦠but in a few years. It is not surprising that big brands are already seeing it as a money-making machine.
Simon Powell, equity strategist at hedge fund Jefferies, says the metaverse could change almost everything in people's lives, though that could take 10 years to happen.
Grayscale, the largest crypto fund manager, is also optimistic that the metaverse could generate $1 trillion a year in revenue from advertising and digital events.
Mark Mahaney, who works for Evercore and is one of Wall Street's most respected tech analysts, is more measured: "No, we're not convinced this is going to be as big of a deal as the mobile revolution, but we do think the The metaverse can deliver trillions of dollars of value creation over the next 10 years."
Simon Powell, equity strategist at hedge fund Jefferies, says the metaverse could change almost everything in people's lives, though that could take 10 years to happen.
Grayscale, the largest crypto fund manager, is also optimistic that the metaverse could generate $1 trillion a year in revenue from advertising and digital events.
Mark Mahaney, who works for Evercore and is one of Wall Street's most respected tech analysts, is more measured: "No, we're not convinced this is going to be as big of a deal as the mobile revolution, but we do think the The metaverse can deliver trillions of dollars of value creation over the next 10 years."
Accenture recently purchased 60,000 Oculus VR headsets to help train new employees starting to work remotely through its virtual campus, One Accenture Park, which has already onboarded tens of thousands of people to date.
The impact that all this has on the cryptoverse is enormous, as surely many of you know and know, and as those of you who are not so familiar with the environment may suspect.
But this we will talk other day. Because today, in addition to the Metaverse, we tell you in "Forty-two (42)" the crusade of India against cryptocurrencies, from the hand of our colleague Daniel FernΓ‘ndez. We also tell you what Slippage is, we discover how Web3 writers investigate, we talk about the Graph Protocol: fundamentals, technical aspects, tokenomics and future prospects, and much more.
Let yourself be loved a lot today, enjoy, read, share and... ππ
FORTY-TWO (42)
India and its crusade against cryptocurrencies
From the outright ban on cryptocurrencies in 2016 to an upcoming regulation, the Indian government's stance on digital assets has changed considerably in recent years.
With the Banning of Cryptocurrency and Regulation of Official Digital Currency Bill of 2019, India sought a complete ban on any cryptocurrency-related activity, such as mining, holding digital assets, and trading them. However, there is currently no regulation or prohibition on the use of cryptocurrencies in the country, as the law was never fully applied.
At the end of 2021, the Indian finance ministry informed the Lok Sabha (India's parliament) of the development of a cryptocurrency regulatory law, the "Cryptocurrency and Regulation of Official Digital Currency Bill, 2021". According to the finance ministry, the aim of the law would be to ban all private cryptocurrencies in India; however, it allows certain exceptions to promote the underlying technology of the cryptocurrency and its uses.
Read more: π
What is Slippage?
Learn more about what causes slippage and how to mitigate it.
At its most basic, slippage is the difference between the expected price of an asset when making a trade, and the price at which the trade is actually executed.
The term βslippageβ has a negative connotation because it is often used to denote when the trade executes at a less favorable price than intended. Technically, this would be an example of βnegative slippageβ. But a trade could also execute at a more favorable price than intended. In such an instance it would be considered βpositive slippageβ.
Read more: πblog
How Web3 Writers Do Research
10 Tactics for Being an Information Archeologist in the Open-Source Age
Web3 Research Unpacked
Research looks different when all the information you could possibly want is ungated and permissionless.
Will you need a billion subscriptions to everything from the Wall Street Journal to JStor to the Pew Research Center to access information, like you needed as a Web2 writer? Thankfully, no. Does that mean that information is easier to find? Wellβ¦..also no.
Read more: π medium
Graph Protocol: Fundamentals, technicals, tokenomics and future outlook
What is Graph Protocol?
Graph protocol, often referred to as the google of blockchain, is an indexing protocol for querying networks like Ethereum and IPFS. The Graph offers applications a public infrastructure for web 3 that is decentralised and censorship-resistant.
Read more: π medium
inSure DeFi β The First Crypto Insurance Ecosystem to Launch on Avalanche
inSure DeFi, the number one crypto insurance project by community growth, is excited to announce their cross-chain expansion to Avalanche with the launch of the community covered insurance plans on Avalanche Network.
inSure DeFi Ecosystem is a community led, 100% transparent, decentralised project which aims to protect its membersβ crypto portfolios from scams, exchange closures, and drastic devaluations.
Follow at π¨ Medium
Coinracer: a new NFT game to earn cryptocurrencies
In the world of crypto games , new projects with ambitious visions and increasingly solid economic systems are regularly appearing .
For this reason we bring you a guide on Coinracer , a project that in recent days has created great expectations among the community.
Coinracer , is a game developed on the Binance Smart Chain (BSC) network , which is set in cars and circuit races , where having agility behind the wheel is everything.
Although this certainly does not seem like an innovative idea for the community, the real surprise comes in its economic system and game modes.
Read more: πmorocotacoin
The metaverse is booming and is revolutionizing the real estate sector
The real estate sector could be revolutionized forever thanks to decentralized technologies. As the metaverse grows, so does digital real estate.
Mark Zuckerberg may claim that the Metaverse is the future, but in the eyes of others, the future has already begun. Science fiction author Neal Stephenson coined the term "Metaverse" in his 1994 novel, Snow Crash . On the pages of it, the main character, Hiro Protagonist, navigates the virtual world.Β
Read more: πcointelegraph
An expert explains why these 3 companies are an ideal way to take advantage of the metaverse and how Meta could recover
Facebook 's pivot to focus on the metaverse has yet to win over investors, leaving some wondering if the entire investment narrative around virtual worlds is a dud.
If one of the biggest companies in the world has changed its name to Meta and announced that it will focus on virtual worlds, but its share price has plummeted, many may think that it is not a profitable investment.
Read more: πbusinessinsider
We've started using the word "metaverse" for everything. And in most cases it means nothing
We are seeing too much written about the Metaverse during these months. Many of the articles in the crypto world say that we are already in the Metaverse . In fact, they use the term in the present tense. Not bad per se. But what we have is a really difficult situation to distinguish since there is no clear definition of the Metaverse. It seems like every two years there is a new jargon that gets Silicon Valley really excited. And now we're at that juncture once again, where "metaverse" has become the buzzword .
Read more: πmagnet
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