Why Facebook Just Bet Its Future On #Crypto – (Chris Coney) WCSS:029

Curated Content by Dan - Coin Cerberus

November 24, 2023


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Start your formal crypto education for free and earn tokens at https://cryptoversity.com/ — Intro
You’ve probably heard by now that executives at Facebook announced that the company is rebranding as Meta Platforms. Going forward, all their business activities will be bound to the Metaverse, the alternative digital reality that exists online. So what has this got to do with making money as a crypto investor? Well back to my basic tenet that economic activity is human activity.
Wherever human activity goes, so goes economic activity. For example, as soon as global lockdowns started coming in, I knew that was going to tank the economy, simply by restricting human activity. It was simple cause and effect. I even made a video about it so I’m on record saying that. But that’s not really the point of this episode. The point here is to discuss how human activity is going to be moving increasingly into the Metaverse and how economic activity is going to automatically go with it. Talking points One distinction with the metaverse is its interconnectedness Early video games were self-contained realities. One game universe did not have any relation to another game universe. Then we moved to big centralised virtual worlds with massive multiplayer online games like Fortnite, Eve, World Of Warcraft etc That was the same game world but it joined together the experiences of thousands of different players within that game While they are huge universes in their own right, they are still centrally controlled and ruled with almost all of the economic value being captured by the software company who built it There have been attempts to create secondary marketplaces for in-game items but these often prove unpopular with the game developers because they see it as a loss of economic value Then there is the Steam gaming platform which allowed many independent game studios to build a business, but there are many instances where Steam has removed certain games from its platform and damaged or destroyed those businesses. Now we move to the world of decentralized gaming where the developers and the players are equals. The players can truly own their own items, participate in governing the game and even be developers themselves. Some group of developers may start the project but when governance is de-centralised their power gets diluted or removed. The next stage after that (which we haven’t quite got to yet) is when these games start connecting to each other. That is the world in which you could potentially transfer an in-game item like a sword into a completely different game and use it there. This is likely the world that Facebook are now preparing for. That piece where you fully own your in-game items and then are able to transfer them to different games has only really become possible thanks to crypto and blockchain technology. So what has this got to do with Facebook?
Researchers at Bloomberg Intelligence expect that by 2026, the total addressable market for metaverse products and services could reach $800 billion.
These virtual worlds are the next social networks
If people increasingly socialise in these virtual worlds instead of scrolling through Facebook, Facebook has a problem
If your revenue model is advertising (which Facebook’s currently is), then you are relying on a large group of people pointing their attention at the platform you display those ads on (currently Facebook)
Facebook must now see the writing on the wall in terms of attention turning away from Facebook.com
They are so certain this is the way it’s going to go, they haven’t just started a new arm of Facebook to cover this new trend, they have wholesale rebranded their entire organisation (they previously acquired Oculus).
The Oculus play is likely an earlier version of what they have done with the re-brand. Back then they saw the trend and wanted to get a foot in the door, now they are full body walking through the door.
So where is the investment opportunity?
There are several different levels of opportunity that represent different risk / reward profiles.
Invest in the stock of companies like Facebook or Globant
Invest in Bitcoin or Ethereum
Invest in the token that relates to whichever platform has the most metaverse activity on it
Invest in the token that relates to an individual game
Invest in specific virtual items within an individual game (like NFT artworks)
As you go up those levels, reward potential increases but so does risk.
There is also an optimal level there, somewhere between investing in the most popular network and investing in tokens that relate to the most popular game.
Or a hybrid play like YGG I think UDC is the best choice in terms of research if you want to be kept informed about the latest Metaverse investment opportunities. The Cryptoverse features reading the news from various sources. Each episode lasts approximately 15 minutes and includes my moral, ethical and philosophical interpretation of current events. If you’d like to be kept up to date on Bitcoin, cryptocurrencies and blockchains by someone who believes in the free market, equality of opportunity and the value of education then subscribe to The Cryptoverse today. Video Source https://www.youtube.com/watch?v=KF2St979VR4

Crypto Currency Resources & Recommended Products

The following lists are tools and resources that I put together to help anyone that is interested in crypto get a head start. It can be quite daunting when you first get into cryptocurrencies. There is some much information out there and some much uncertainty.

Disclaimer This new crypto movement is an economic revolution. While it may be an exciting time to get started with crypto currencies, this digital gold rush has a plethora of bad information out there. The recommended products below are based on my own experience with my own personal use of these products.

Disclaimer: I am not a finical advisory. I do earn a small commission if you choose to purchase any of the recommended products below. Please make sure that you do your research before you purchase any Cryptocurrencies related products or services.


Crypto Currency Wallet & Coin Exchange

Coinbase is one of the worlds leading cryptocurrency wallets. It also gives people the option to purchase and trade digital currencies like that of Bitcoin, Bitcoin Cash, Ethereum Classic, Ethereum and Litecoin.

Coinbase popularity stems from its ease of entry and exit from the cryptocurrency world. It's pretty quick to get set up and start investing in digital currencies. Get $10 FREE Bitcoin {BTC} when you spend $100 with our referral link.

Click Here To Watch A Tutorial Guide On How To Use Coinbase

Make Money Online

 Cash Network & Affiliate Training

Trust me here… If you’re like many Internet marketers, you can’t help drooling when you peruse the famous (and quite addictive) ClickBank marketplace.

From just the front page of the
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Don’t believe me? See for yourself.  If you don’t act quickly, I’ll have to pass this along to someone else who is willing to create a better life for themselves.

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Cryptocurrency Exchange

Binance is one of the worlds fastest growing cryptocurrency exchanges. Because of its trading volume and the number of altcoins it trades it will be one of the worlds biggest crypto exchanges in the world.

While Coinbase is still the easiest way to get into cryptocurrencies, Binance trades a lot more Altcoins compared to that of Coinbase. If you want to purchase Altcoins like Cardano ADA, Ripple XRP, Steller Lumens, TRON, Dash and Monero then Binance is your first port of call. 

In order to trade here, you must hold some cryptocurrencies first. So it's best to purchase some Ether or Litecoin from Coinbase and transfer it too Binance.

Click Here Watch A Tutorial Guide On How To Use Binance.



Cryptocurrency Hardware Wallets

One of the most popular Hardware Cryptocurrency wallets is that of

Ledger Nano S. The Ledger hardware wallet provides a secure offline solution for cryptocurrency traders to store their digital data. 

Commonly knowns private keys the Ledger hardware wallet gives users a multi cryptocurrency offline storage solution. Because of essential, these hardware wallets are similar to that of a USB key, it provides security by hosting the private keys offline making them difficult for hackers to access your cryptocurrencies.

It hosts some of the more common crypto coins but also some fewer know Altcoins Bitcoin Gold, Ark, Bitcoin, Bitcoin Cash, Digibyte, Dash Dogecoin and Ether.

Watch A Video Guide On How To Use The Ledger Nano S 


Digital Crypto Currency Wallet 

The Exodus Wallet is desktop cryptocurrency storage solution. It can be used with Mac and PC which has compatibility with a popular cryptocurrency exchange called Shapeshit. Which gives the user the ability to trade cryptocurrency with in the Exodus Wallet.  This feature alone makes the Exodus wallet a very popular choice with beginner crypto traders.

The interface is very intuitive making it very easy to understand and use for anyone that's starting out with investing in cryptocurrencies. The Exodus Wallet is one of the most popular lite wallets, even with a number of crypto storage assets, it doesn't require your system to download the complete blockchain.

While the Exodus Wallet is free to download and a very secure piece of software, please note that it does take between 1-3% fee with the exchange of cryptocurrencies. Click Here To Watch Walk Through Video On The Exodus Wallet.


Cryptocurrency Browser

The Brave Browser is just like most web browsers, it allows you to surf the web, find videos, websites and allows you to download content from the web. But with a few difference with it's set up compared to that of Google Chrome. It was set up by the same creators as that of Mozilla, basing their software on open source code similar to that of Google Chrome.

Brave has in built ad blocking technology to stop intrusive ads. It also integrates with the cryptocurrency Basic Attention Token {BAT} to pay users for their attention for displaying less intrusive ads.

Brave keeps 15% of the less intrusive ads, giving content publishers 55% per cent which is good for bloggers and vloggers, last but not lease even users of the Brave browser will receive 15% off the revenue. It also gives users the option to donate BAT to content creators or sites they love.

One of the striking features of the Brave Browsers is that it removes a ton of tracking pixels which cause websites to load slower. This gives you a much faster experience when visiting websites online


Altcoins, Buy Altcoins, Crypto, Cryptocurrencies

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