FOREX4U METAVERSE WEB 3.0 GAMING Forex4u Gaming in the metaverse: The Future Of Gaming

Gaming today is already all about creating immersive worlds for players to enjoy, making it a natural fit with the METAVERSE — and gamers today can create real-world value from digital creations and NFTs. As games evolve to become even more immersive, they are set to become integral components of the broader metaverse ecosystem. According to a survey from Ernst and Young, 97% of gaming industry executives say gaming is at the center of the metaverse as it stands today. In 2020, Epic Games CEO Tim Sweeney — whose company created the Fortnite gaming universe — explained his vision of gaming in the metaverse as:-“A move away from a whole bunch of walled gardens into something that’s increasingly open and comes to resemble, by the end of this decade, an open metaverse, in which players get together with their friends and they go from game experience to game experience, staying together as a group as friends, going across all platforms and not having to worry about what company made the device they’re on, or what company’s operating the servers they’re playing on as they go through these experiences.”

In the future internet, gamers will be able to trade, sell, or transfer their digital items across different platforms as NFTs by using web3 technologies. This will not only create a seamless experience for players, but it will also open up new revenue streams and support a thriving digital economy. And the Decentralized Autonomous Organizations (DAOs) have the potential to introduce new forms of governance, ownership, and community-driven development to the gaming industry. This will enable players to participate in the decision-making processes related to the direction, development, and updates of their favorite games.

As web3 technology gains momentum, we’re seeing the rise of play-to-earn (P2E) models, which enable players to monetize their in-game activities and achievements. P2E games reward players for completing tasks, battling other players, or progressing through levels. Those rewards are typically in-game tokens or assets in the form of NFTs that can be traded, sold, or redeemed for real-world value. This innovative approach is disrupting traditional gaming business models, making gameplay more rewarding and incentivizing player participation.

FOREX4U DEFI Decentralized Finance (DeFi) is the Future

Like the internet, which has become such a pivotal part of our everyday lives that we cannot imagine life without it, so too will Decentralized Finance (DeFi), and DLT, the technology it utilizes. When we use the internet, we don't ask how it works or why we should use it; we simply use it for the mobility, flexibility, efficiency and connectivity it provides. The COVID-19 pandemic has underscored the Internet’s benefits. It enabled us to connect to services, products and people and facilitated a smooth transition to a remote, contactless global economy.

The core idea of DeFi is to take complex financial services and products traditionally offered by legacy financial institutions, codify their component rules and procedures, and convert them into self-executing code.Simply put, these are automated, self-executing products and services, where the user/consumer directly interacts with the application, without the interference from any third party intermediaries such as banks, insurance companies, agents, etc. The benefits are a 24/7, instantaneous service with very low to no cost.Think of it as an automated vending machine. A vending machine is a 24/7 no-cost service, with no interactions from third party intermediaries.

DeFi applications, of course, are much more complex than a vending machine and can provide services beyond simply purchasing a soda or a bag of chips. Furthermore, because every activity in the economy is transaction based – be it retail or gaming or tech or social media – DeFi applications go beyond financial services and would be integrated in any service or product we use today, while connecting the “virtual world” with the “physical world.”

FOREX4U TOURISM Travel and Tourism Market growing rapidly

Travel and tourism GDP is predicted to grow, on average, at 5.8 percent a year between 2022 and 2032, outpacing the growth of the overall economy at an expected 2.7 percent a year. The industry continues to face a prolonged and widespread labor shortage. After losing 62 million travel and tourism jobs in 2020, labor supply and demand remain out of balance.6 Today, in the European Union, 11 percent of tourism jobs are likely to go unfilled; in the United States, that figure is 7 percent.