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Metaverse November 20, 2021

Ethereum was the ‘Metaverse’ before Facebook

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All objects and addresses in the Ethereum metaverse are part of a cryptographic truth ecosystem. The Ethereum blockchain exemplifies this concept by enforcing ownership over its realm of digital assets in a continuous, permanent, and trustless manner. All transactions in the Ethereum metaverse are intrinsically “trustless,” which means they don’t require human trust to work.

Facebook Metaverse vs. Ethereum Metaverse

Prior to Facebook, the word “metaverse” referred to Ethereum’s distinct digital ecosystem. Firts-principles design does not include AR, VR, AI, or other ‘future’ technologies. Rather, the Ethereum metaverse has always referred to apps that are trustless, open-source, private, and uncensorable.

Facebook has never been a member of the crypto-libertarian movement, and it doesn’t appear that it will be any time soon. “A virtual reality construct meant to displace the internet, connect virtual life with real life, and create unlimited new playgrounds for everyone,” according to Mark Zuckerberg’s version of the metaverse. Facebook has a very different metaverse definition than ETH.

Facebook appears to want to redefine the term “metaverse” to refer to the relationship between the digital and real worlds. This is not mentioned in Ethereum’s metaverse definition. Instead, the ETH metaverse is virtual first, with oracles providing access to data from the physical world.

Ethereum

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Ethereum’s Strengths

If you know how Ethereum works, you’ll see that it and Facebook are playing two distinct games. ETH is a closed network that is open to everyone at the same time. Because it is fully distinct from all other networks. Ethereum is referred to as the “metaverse”. Facebook, on the other hand, is not the metaverse; it is a private corporation.

Overall, Ethereum’s characteristics as a currency network provide it a few key advantages over other technology firms.

The main objective of Ethereum is to meet the needs of our increasingly digital society. Ethereum is a decentralized digital ecosystem governed by a consensus protocol rather than by humans. On Ethereum’s blockchain, censorship, data tracking, and regulation are all impossible.

Ethereum improves as a result of evolution (specifically, through Ethereum Improvement Proposals). Companies in the technology industry upgrade by working together. With Ethereum being a currency, it has a particularly strong network effect, attracting and retaining new users.

Conclusion

Using Ethereum is like accessing and using the “internet,” as we commonly refer to it. I believe Facebook’s rebranding of Meta Platforms is incorrect because it ignores the premise that a genuine “metaverse” should be devoid of single points of failure, as well as the fact that individuals will choose to interact within a metaverse if they have basic human rights.

All of this boils down to the fact that technology is moving in opposite ways, between centralization and decentralization, and it’s critical to identify each team and their associated motivations.

Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for MetaNews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies and the Metaverse. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto, NFT and the Metaverse. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of MetaNews as she has for the last decade.

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Metaverse

Anim4rt is a unique NFT project

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The breakthrough NFT initiative known as Anim4rt has set its sights on devoting its efforts to the protection of wild animals and the environments in which they live. Every piece is distinct, exquisite, and exceedingly rare. The Anim4rt team has put in a lot of effort to refine the details, which has resulted in each Anim4rt being somewhat rare in the NFT arena.

“We are in the process of constructing an interactive universe that will enable holders to live the life of the animal, interact with them, and explore the one-of-a-kind world known as the Metaverse.” The objective is to acquire as much of the rainforest as possible so that it can be preserved in its natural state. The efforts of the company will continue until we have altered the globe in such a way that the future is better. Moreover, Anim4rt contains a collection of 10,000 distinct NFTs. Once the initiative is fully operational, holders will have the ability to mint their preferred NFT collectable.

Each NFT contains an integrated narrative about the character, which is stored on the blockchain in perpetuity. There is always opportunity for a narrative that has the ability to transport users into their world.

Users have the chance to explore and engage with Anim4rt Metaverse’s one-of-a-kind species, which is only available in that virtual world

“Once you enter Anim4rt Metaverse, you will genuinely be free to experience life as a part of the natural world, which is one of the things that sets it apart from other virtual worlds.”

The world has been taken over by the Metaverse world, crypto currencies with their blockchains, and the company is reaching the goal of becoming the Prime Animal Welfare Organization that is already using all of these new web technologies 3.0. In addition, the world has been taken over by the Metaverse world.

The most important thing that is going to happen is the debut of the 4rt token, which is a crypto currency that guarantees a rapid return on investment and will help rescue wild animals. Its growth has been absolutely phenomenal so far. To ensure that all financial dealings are totally open and accessible to the public, anyone who wants to contribute financially must do so using the unique 4rt tokens that are required.

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Metaverse

DCC is about to release a new NFT collection

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The Dapper Cheetah Club, a newcomer to the Non-Fungible Tokens (NFTs) market, has announced that a one-of-a-kind collection of 10,000 limited Cheetah NFTs would be released on Metaverse.

The Dapper Cheetah Club will offer an exclusive introduction mint of 200 NFTs for early adopters in June, prior to the launch. The DCC will provide a tremendous 70% discount on its main website, dappercheetahs.com, during this phase. The collection will be distributed in stages, allowing early adopters to take advantage of the best discounts while the floor price continues to rise.

“The NFTs would also be accessible on the Secondary market after the sale,” it added in a statement, referring to Open Sea, the world’s largest NFT marketplace and platform, which allows anyone to make, sell, and purchase ownership rights to digital works of art using NFTs.

The NFT line was established to pay tribute to the majestic Cheetahs. The Dapper Cheetah NFTs are categorized according to their blockchain rarity

The funds from the auction will be used to safeguard and conserve endangered Cheetahs and assist grow their numbers in India, according to the statement. As part of the proposal, the Dapper Cheetah Club has agreed to donate 7.5 percent of sales to the Wildlife Trusts of India, making India the first country in the world to have seven big cats.

Wildlife aficionados would be able to own digital Cheetah memorabilia thanks to the NFTs. The NFT collection is timed to coincide with the Indian government’s unveiling of an ambitious “Action Plan for Cheetah Introduction in India.”

A unique membership access to a club with developing benefits and offerings will come with the purchase of an NFT. The Dapper Cheetah NFT would act as the owner’s digital identification and unlock digital doors.

The continually rising floor prices, as well as the utilities that come with each NFT, will benefit the holder. The digital assets will also offer their owners with a monthly passive income. It is possible to secure a posh location with a variety of facilities as well as admittance to special events. NFT owners can speak with one another to show off or swap collections of cards.

The NFTs will provide their holders not just exceptional utility, but also security and uniqueness. According to the Dapper Cheetah Club, the club will premiere the Dapper location, The Belair, in phases to present the community with an amazing experience.

The community will have exclusive membership access to a club with escalating privileges including production studios, casinos, and nightclubs as alternatives.

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Sony bets heavily on metaverse entertainment

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Sony claims it is well positioned to dominate in the metaverse, or immersive virtual worlds, which analysts anticipate will disrupt industries and create new powerhouses.

At a recent strategy briefing, Chief Executive Kenichiro Yoshida described the metaverse as a “social area and a live network environment where games, music, movies, and anime mix,” referring to Epic Games’ free-to-play battle royale game Fortnite.

Sony Group Corp. and KIRKBI, the holding and investment business behind the LEGO group, both donated $1 billion to Epic Games’ current fundraising round, which was revealed in April. The funds will be used to assist Sony strengthen its position in the metaverse.

“Our goal is to transform the mobility sector into a new entertainment sector. According to Yoshida, “mobility will be the next megatrend.”

Sony’s gaming, music, and movie activities generated two-thirds of operational income in the fiscal year that ended in March, underlining the company’s transformation from a consumer electronics producer to a metaverse-ready entertainment powerhouse under Yoshida and his predecessor Kazuo Hirai.

Sony’s PlayStation 5 allows the firm to become a metaverse gaming gatekeeper

Sony is a gaming gatekeeper with its PlayStation 5 console, but observers warn that the emergence of cross-platform, cloud-based games, and their propensity to erode proprietary platforms’ authority, poses a threat.

In 2018, Sony revised their policy and allowed cross-play in Fortnite. In-game “V-Bucks” purchased on PlayStation will be transferable to other platforms, according to Epic.

“PlayStation has played a huge role in the social gaming revolution that’s fueling the rise of the metaverse as a new entertainment medium,” Epic CEO Tim Sweeney wrote on Twitter.

With the acquisition of Bungie, the creator of the online multiplayer shooter “Destiny,” Sony has made steps to diversify its portfolio beyond single-player games like “Spider-Man: Miles Morales.” The agreement was made public in January.

“We expect it to be a catalyst for us to strengthen our live service game capabilities… Yoshida stated, “(It) represents a huge step toward becoming multiplatform.” Beyond the metaverse, Yoshida is seeking to strengthen Sony’s position in the mobility sector, with the corporation collaborating on an electric vehicle with Honda Motor Co. Ltd.

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