CBANewsletter-Feb Final

Meta : Facebook owner dives into NFT and Metaverse by Summer Woon In the wake of Facebook's recent rebranding, we have heard a lot about the word Meta. Now, let us dive into Meta's Metaverse, virtual and hybrid reality technologies to bring on an online experience and the recent famous buzzword, NFT. The Current Business Affairs Newsletter (February Issue) of The Business Students' Union, HKUSTSU is taking you to the journey of Meta. The birth of Meta Changes of Meta towards NFT On 28th October 2021, during Facebook Connect NFT stands for non-fungible token, a unique digital 2021, CEO Mark Zuckerberg presented Meta, getting asset representing art or imagery that cannot be together our apps and technologies under one unique duplicated. NFTs can be anything digital (such as company brand. Meta will be the parent organization drawings, music, virtual things, identity), but the of well-known social media such as Facebook, recent excitement will be the digital art market. One of Instagram, and WhatsApp, among other subsidiaries. the most famous NFT digital art trading platforms is Meta attempts to steer in the metaverse, a virtual OpenSea. reality world that connects people. Teams at Facebook and Instagram are preparing a By modifying the name to Meta, it seems like feature that will allow users to display their NFTs on Facebook is trying to distract attention away from the the platforms. This move will raise the exposure of numerous hits to its reputation. This is because some users to NFTs. Accounts created to show a collection analysts believe Facebook's brand has become toxic. It of NFTs digital arts and NFTs related news have been was the latest in a sequence of stories based on abundant on these social media platforms. Besides, internal documents revealed by an ex-employee to Meta is also working on a prototype to help users media. Besides, the reports have claimed Facebook sat construct or stamp the collectable tokens. Meta has on analyses that showed Instagram damaged teenage also discussed establishing a marketplace for buying mental health and struggled to remove hate speech and selling NFTs. from its platforms outside the US. However, Mr Zuckerberg has denied the whistleblower's claims.

How do people invest in metaverse? investments will consider trading tokens. This is because investors can start small investments in tokens The Metaverse may alter the way you earn money, compared to properties. shop, and even hang out with friends in the future. Cryptocurrency is changing the way people across the Other options to earn money include playing earn world make money. games or opening an art gallery in Metaverse. Some metaverse entrepreneurs run eCommerce Businesses Some users monetize their belongings in Metaverse. on Metaverse and deliver in the real world to make a They purchase land or properties in the Metaverse. By living. There are also Metaverse Architecture and using the ground, they set banner ads for their Designers who earn money by spending time companies or any third-party company, setting a high designing the infrastructure and scenes of Metaverse. price for this service. Besides, some users put their YouTube, Instagram or TikTok channels for Your Feedback promotion in Metaverse. Similarly, some investors purchase property in Metaverse and hopefully sell it at Your feedback will help a lot to improve our CBA a more elevated price to earn a profit. Newsletter, if you have any enquiries or suggestions, please do not hesitate to contact The Executive The alternative method will be trading metaverse Committee of the Union through email by tokens. These tokens associated with Metaverse are [email protected] or by mail to Mailbox #15, LG5 utilized to buy and sell things in Metaverse. Investors Student Amenities, The Hong Kong University of will invest currency in Decentraland Metaverse or Science and Technology, Clear Water Bay, Kowloon, Sandbox. These are top Metaverse platforms that HK. allow users to place 3D models in the space using a simple drag and drop tool. Investors who believe Sources : https://makeanapplike.com/how-to-make-money-in-the-metaverse/ Metaverse will blow up but can't afford expensive https://www.ft.com/content/693b3337-ce80-4150-866a-01e1c3730fad https://www.ft.com/content/8903afb9-5206-4994-8bfd-e74b8f20899e