The past couple of years have seen incredible innovation in the fintech industry with the rise of cryptocurrencies, the expansion of blockchain technologies, and the introduction of NFTs. But one of the most incredible innovations has been the metaverse.
So is the metaverse a new cryptocurrency?
Maybe it’s a new NFT collection?
Well, not exactly. Though it does involve both NFTs and crypto.
The metaverse is actually a 3D virtual world built on blockchain technology which is rapidly gaining popularity.
The initial excitement may have started as a hype but it’s becoming more and more obvious that the metaverse is a very big deal.
And it all began when Mark Zuckerberg announced that he would rename Facebook Inc. to Meta Platforms.
Fintech, gaming, retail, social media, apparel and all kinds of industries are scrambling to get involved with the metaverse because they see it as a lucrative opportunity.
We know that a lot of this sounds like gibberish to you now but hold on tight because we’ve only just begun and we promise it will make a lot more sense in the end.
Join us in our series of fun articles that explore what the metaverse is and why it’s such a big deal.
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