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Experts warn the Metaverse could create unregulated 'crypto-mayhem'

Facebook looks to further venture into the digital sphere, re-branding the company to 'Meta' referring to the so-called 'Metaverse.' Source: AAP

Experts are concerned the so-called Metaverse could create crypto-mayhem, where privacy and payments go largely unregulated.

Cyptocurrency it is a new form of digital money.


 

Highlights 

  • Cryptocurrency is decentralised, so it doesn't require the traditional obstacles that banks or exchange rates might pose, meaning transactions can be made much faster.
  • The first form of cryptocurrency is Bitcoin; it was initially released in 2009.
  • A Non-Fungible Token (NFT) is a unique, digital token that cannot be copied 

 

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