Facebook changed its name to Meta was not simply just a small change in fact the rebranding of the platform is helping make the crypto space better.

1. How does the rise of metaverse give a boost
to the Crypto, Defi, and the NFTs?
The three entities have their unique uses and also contribute to
each other’s growth.
Facebook changed its name to Meta was not simply just a small
change in fact the rebranding of the platform is helping make
the crypto space better. Even many big giants are entering into
the NFTs and the virtual reality by launching their own
Metaverse ecosystem and the NFTs collections.
In relation to their roles in the metaverse, cryptocurrencies
and NFTs will play a major part in the content creation
business because virtual currencies are the most natural means
of payment in the metaverse. NFTs will enable the full ability
to track real and rare digital assets from digital avatars clothes
to apartments and virtual homes. Without cryptocurrencies and
NFTs, it is very difficult to function seamlessly into the
metaverse.
From the above, it is easy to see how the metaverse is
influencing the real world and more specifically the luxury
sector. The rapid acceleration and acceptance of the metaverse
have jolted the luxury brands and the related industries to begin
experimenting with the new frontier.
The future is not so far when we will experience and witness
the next stages of social interaction taking place in another
“dimension.”
Still, all these things are just the tip of the iceberg. There is a
decentralized finance (DeFi) to Non-Fungible Tokens (NFTs)

2. and the evolving concept of the metaverse – and the
proponents say it will remake the world as we know it. Indeed,
the upcoming developments of metaverse will promote the
growth of DAOs, crypto tokens, NFTs, and other assets
facilitating the development of the decentralized digital
economy. With $10 billion, Facebook is one of the largest
investors and the other major investors include Microsoft,
Nvidia, Epic, Roblox, and more.
According to the statement given by the founder and CEO of
HypeProfit, the metaverse is going to lead the next wave of
crypto and defi adoption in the world as these elements are
thriving in the blockchain space. The metaverse is here to give
power back to the people and allow them to have true
ownership of their data.
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