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What are the Metaverse and WEB 3.0 and how Doxy is utilizing both technologies?

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Doxy International
What are the Metaverse and WEB 3.0 and how Doxy is utilizing both technologies?

The metaverse is the next big thing in the technology sector. In a short time, the Metaverse was able to attract online game makers, social networks, and other technology leaders. Meanwhile, gaming and entertainment are not the only things that are being hosted in the Metaverse, according to a recent update, people are hosting their weddings in the Metaverse.


Some of the top media houses and analysis platforms including Bloomberg, Newzoo, IDC, PwC, Statista, and Two Circle Data have recently stated that the global metaverse revenue opportunity could reach $800 billion in 2024, up from around $500 billion in 2020.


With all the noise it is creating, it is obvious that most people want to know more about it and that’s why we are here to describe the concept of Metaverse and Web 3.0 and how Doxy is utilizing bothy technologies to build something interesting.


  

What is the Metaverse?

It's a combination of multiple elements of technology, including virtual reality, augmented reality, and video where users "live" within a digital universe. Supporters of the Metaverse visualize their users to work, play, and stay connected with friends through everything from concerts, conferences, and even virtual tours around the world.


Many big brands like Meta, Microsoft, and Epic games are heavily investing in Metaverse. There are few who are in support of this combination but there are also people who are opposing it. However, technology is growing at a rapid pace and some people consider metaverse as the next generation of the internet. Metaverse Games are also being popular among people and with the support of NFT, blockchain, and cryptocurrency, Metaverse is expected to rise even further.



Web 3.0

Web3 or commonly referred to as Web 3.0, is the concept of a new iteration of the World Wide Web (www). It will be based on blockchain and support the concepts of decentralization and token-based economics. Technologists and journalists have described Web3 as a potential solution to concerns about the over-centralization of the Web in some large tech companies. Some have expressed the belief that Web3 can improve data security, scalability, and privacy that are not currently possible with the Web 2.0 platform.



Why you should know about Doxy?

Doxy is the next big thing in the world of the Fantasy Market. It is a perfect combination of Blockchain Technology, cryptocurrency, metaverse, and Web 3.0. The project is offering endless earning opportunities just by trading in sports. Doxy Eco-system is divided into two parts i.e. Doxy Finance and Doxy Exchange. You can buy, sell and exchange Doxy Tokens and exchange them with fiat currency at Doxy Finance.


After purchasing Doxy Tokens, you can trade Doxy Tokens in various live sports on the official website. You can manage all the earnings again with Doxy Finance. Doxy is based on Blockchain and Web 3.0 which ensures transparency and seamless workflow. To stay connected with us visit the official websites and feel free to contact the Doxy team on all the social media platforms.


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