The Relationship Between the Metaverse and Cryptocurrencies
Before going into detail about how cryptocurrencies may benefit the adoption of the Metaverse, it is important to perfectly understand what cryptocurrencies are. To understand cryptocurrencies, we must first remember how traditional currencies work.
The Money System
The amount of available money is controlled by central banks. The issuance or potential destruction of U.S. dollars is made exclusively by the Federal Reserve System. The same happens for euros and the European Central Bank, and so with all other currencies on Earth. One of the top priorities of a central bank is to keep money value in a certain range, normally assuming a depreciation target of around 2 percent ...
Get Journey to the Metaverse now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
