What's Hot

    SEC may threaten bitcoin miners

    25.07.2023

    Google Bard Predicted Bitcoin Price After Halving

    25.07.2023

    Namibia creates agency to control digital assets

    25.07.2023
    Facebook Twitter Instagram
    Sunday, September 24
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Bitcoin»DeFI will interact with the real world through the metaverse
    4ef83e873c52ba089fd4f647c858a506b362be4f
    Bitcoin

    DeFI will interact with the real world through the metaverse

    AdministratorBy Administrator22.12.2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    Chainlink Labs’ head of business development, William Herkelrath, believes DeFi users will want to use loyalty programs in the real world.

    William Herkelrath stated that the metaverse is a collection of ecosystems that are powered by DeFi.

    “DeFi companies need to interact with the outside world, so they will be forced to have ecosystems in the metaverse. For example, if consumers choose to use loyalty programs outside of specific platforms, then they are more likely to choose brands that provide rewards in other ecosystems. The metaverse allows data, physical assets, commercial and financial assets to be hosted at and outside of a centralized environment. ”

    Even though the concept of the metaverse looks futuristic right now, projects using blockchain are starting to embrace it. Head of Blockchain at Vodafone Business David Palmer on December 21 at the virtual conference of the European Blockchain Convention said that he sees the metaverse as more than a virtual world in which interaction can take place through games or social networks. In his understanding, the metaverse is now being applied to financial concepts based on blockchains such as cryptocurrencies, NFT and DeFi.

    In metaverse projects, there is currently no way to transfer virtual transactions to the real world. Palmer believes that the mobile phone can connect the two worlds by acting as an intermediary. Vodafone Business uses blockchain to create digital identities that can be used in both the metaverse and real life.

    “Digital identity will go beyond the digital and physical worlds. For example, a digital wallet will contain a bank account, mortgage information, tokens, NFTs, and more. But the decentralized person will also have access to these credentials, allowing people to interact in the metaverse and in the physical world. ”

    Many companies are already exploring early use cases for their business models in the metaverse. According to the Blockchain Gaming Alliance (BGA), the market capitalization of the metauniverses in DeFi has reached an all-time high of $ 4.6 billion. Grayscale predicts that the metaverse will reach $ 1 trillion in annual revenues over the next few years.

    At the same time, Tesla CEO Elon Musk considers Web 3.0 and the metaverse to be far from being implemented and calls them “buzzword marketing buzzwords.”




    #DeFI #interact #real #world #metaverse

    DeFi interact Metaverse real world
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Google Bard Predicted Bitcoin Price After Halving

    25.07.2023

    29 financial experts named the price of bitcoin at the end of 2023

    25.07.2023

    DeFi project Atlendis receives a loan of 1 million euros from the National Bank of France BPI

    25.07.2023

    Bitcoin could rise to $180,000, according to Fundstrat

    25.07.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • SEC may threaten bitcoin miners
    • Google Bard Predicted Bitcoin Price After Halving
    • Namibia creates agency to control digital assets
    • Experts discussed the integration of cryptocurrencies and AI at EthCC
    • South Korean prosecutor takes Kimchi award case to court
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.