What Does ‘Metaverse’ Mean?

To help you get a sense of how vague and complex a term “the metaverse” can be, here’s an exercise to try: Mentally replace the phrase “the metaverse” in a sentence with “cyberspace.” Ninety percent of the time, the meaning won’t substantially change. That’s because the term doesn’t really refer to any one specific type of technology, but rather a broad shift in how we interact with technology. And it’s entirely possible that the term itself will eventually become just as antiquated, even as the specific technology it once described becomes commonplace. Broadly...

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What is the metaverse?

Virtual space where you can access with an avatar. In it you can play, or interact with other people or avatars. In this virtual space you can access through any computer screen, cell phone or virtual reality glasses. Why is the metaverse attracting so much attention right now? Like any emerging technology, there are more opportunities to make money in its initial state. This obviously attracts people. The most obvious way to make money in the metaverse is through the purchase of virtual land, which you can customize. Then you can advertise your company, displaying collections of NTFs,...

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How to trade cryptocurrencies

The cryptocurrency market can be daunting for beginners and seasoned traders alike due to the vast amount of jargon and processes involved. We’ve broken it down into six simple steps to help you better understand the cryptocurrency market and how to trade it: Decide how you’d like to trade cryptocurrenciesLearn how the cryptocurrency market worksOpen an accountBuild a trading planChoose your cryptocurrency trading platformOpen, monitor and close your first position Decide how you’d like to trade cryptocurrencies There are two routes to trading cryptocurrencies: speculating on their...

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Buy and Hold Strategy

Buy and hold is a passive investment strategy in which an investor buys stocks (or other types of securities such as ETFs) and holds them for a long period regardless of fluctuations in the market. An investor who uses a buy-and-hold strategy actively selects investments but has no concern for short-term price movements and technical indicators. Many legendary investors such as Warren Buffett and Jack Bogle praise the buy-and-hold approach as ideal for individuals seeking healthy long-term returns. KEY TAKEAWAYS Buy and hold is a long-term passive strategy...

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How to Short Bitcoin and Other Cryptocurrencies

You might be wrong if you think that you can only make money in crypto when the market goes up. This means you are unaware of the concept of shorting. Shorting allows you to make money when the market goes down. So if you believe that Bitcoin or any other crypto will crash in the coming days, taking a shorting position might be a great idea. But is it that simple? Well, before you place your first shorting trade in the crypto market, let’s know how it works and the math behind it. So here we go:                                                  What...

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6 Ways to Avoid Crypto Scams

Every year, when Thanksgiving dinner rolls around, many of us have to perform various feats to make it through the meal without incident. Whether it’s guiding the conversation away from politics, shutting down the airing of grievances, or nodding your way through someone’s long-winded description of a get-rich-quick scheme, remaining polite and beloved by your loved ones is the ultimate goal. Happily, this year my family and I saw very little drama at our dinner table, aside from a confused relative who thought the PC in PCMag was for “politically correct.” What...

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How to Avoid Cryptocurrency Scams

If you know what you’re doing, crypto can be a lucrative endeavor, but it’s also ripe with scams. Don’t get duped. Here’s what to look out for before you load up on virtual currency. If it’s good enough for Jack Dorsey, Elon Musk, and Tim Cook, surely you can also win big in the crypto game, right? If you’ve got some money to burn, perhaps, and we have a guide for getting started. But you could also be just a few mouse clicks away from losing your retirement funds to a cartoon dog or a “coin” tied to a popular streaming...

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Non-Fungible Tokens – Risks And Challenges

NFTs have created quite a huge splash in 2021, especially after the $69.3 million NFT sales in March. Many people are debating over how long the NFT trend would last. So, it is important to reflect on prominent NFT risks and challenges. NFTs or non-fungible tokens are unique digital assets. They have distinct properties, and it is difficult to exchange them with other assets.  Non-fungible tokens have made their way into different types of applications such as music, domain names, artwork, and real estate. While NFTs show promising opportunities for growth in the future,...

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What are the Challenges and Risks with NFTs?

Non-Fungible tokens are making huge money for digital creators. There are plenty of artworks sold online every single day. It is even possible for a creator to earn millions in just a few seconds when their NFT is sold in the digital space. It is also visible that people are more enthusiastically buying, selling, and investing in the digital market rather than doing the same in the physical market. This gives a considerable rise to the possibility of cyberattacks and online fraud. There are high chances of damage to the digital assets and the investors buying and selling NFTs in...

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