The metaverse is the investment of the financial future and the trend of the technology sector after Mark Zuckerberg announced the name change of his company, which is attracting the attention of various professionals and investors around the world.

Etymologically, the term metaverse is derived from “meta” which means beyond and “verse”, alternative or derivation of the universe. Therefore, it can be understood as the approximation between reality and the virtual.

This new virtual environment combines some aspects and functions of “social networks, online video games, the work environment or social interactions, using augmented reality (AR), virtual reality (VR) and cryptocurrencies to allow users cope in a digital or virtual environment.”

Executing the metaverse is complex and the companies involved in this environment are under the magnifying glass of the financial markets, which is why investors follow the evolution and developments in detail, considering it an immersive opportunity to make long-term investments.

Mark Zuckerberg expressed which are the objectives established by Meta, but there are various companies such as Amazon, Microsoft, Roblox, Walt Disney, among others that are related to the technology sector and want to position themselves in the market and lead a niche within the metaverse.

Metaverse and cryptocurrencies

A common factor in the metaverse ecosystem is cryptocurrencies because they will be present in all digital tractions, since the different types of financing that are executed will use the blockchain, thus cryptocurrencies are part of the future.

Bitcoin is postulated as the main digital currency in the metaverse, followed by ethereum, which will focus on digital contracts to give legal validity to financial operations, crypto such as cardano, litecoin or binance coin, polkadot, among others, will be the keys for the future.

M.Rodríguez

With information from agencies specialized on technology

La entrada Metaverse, an investment for the financial future apareció primero en Bitfinance.

Jack Dorsey, CEO and founder of the financial services company Square reported that the company would be planning the development of a physical hardware wallet for Bitcoin (BTC), completely free and taking into account the recommendations and suggestions of its users.

The CEO of the company used his account on the social network Twitter to communicate a possible future project, where Square’s priority is to offer a non-custodial solution to the global market. According to Dorsey, one of the main drawbacks is the concept of custody for digital assets.

The creator of Square recognizes the service that exchange houses provide when offering their products and the security that it implies, but sometimes that custody has a high cost, that is why he considers that “custody does not have to be all or nothing. It could be simplified with a simple user configuration and minimal times, calling it assisted.

Another aspect of great importance for the CEO is the security that must be provided to clients when accessing their funds from their mobile devices. Hence the need for a custom application, which does not have to be produced by Square and can work outside of Apple or Google.

According to Dorsey, security failures can come from 3 types of events: availability failures, security failures and discretionary actions. The objective would be to find solutions to these problems and to replace the current recovery mechanisms, which are very resource intensive.

M. Rodríguez

Fuente: bitcoint.es

La entrada Square works on a physical wallet for bitcoin apareció primero en Bitfinance.