The Metaverse could be here a little sooner than you think, courtesy of Everdome crypto.

The concept of the "Metaverse" is thrown around at an exceedingly overused rate. For a buzzword, it's probably foremost in crypto – very few people know how to define the Metaverse. Massive corporations rename themselves after it. Many believe that the concept of the Metaverse is a potential investment.

Like anything we can invest in, the first thing we have to do is understand it.

## What is the Metaverse?

The term meta is a Greek term meaning to encompass something. It is a prefix that means “transcending.” According to English StackExchange, the prefix meta indicates a concept that is an abstraction from another concept.

Essentially, add the prefix meta to the word universe and you bridge two abstract concepts – our physical reality (which, let's face it, is a pretty abstract concept if you think about it) and virtual worlds, our interactions in them, and how blockchain technology facilitates it. If this isn't "Meta", then I don't know what is.

## Facebook to Meta

When Mr. Zuckerberg rebranded Facebook and turned it into [META](https://www.businessinsider.com/most-metaverse-users-dont-even-make-it-a-month-wsj-2022-10), it was the height of the NFT craze and most recent bullish crypto run. However, as time passed, something became increasingly clear: the Metaverse can never be one company.

The very idea of one corporation owning the Metaverse is the exact opposite of the goal of the Metaverse.

The first thing to realize about the Metaverse is that, right now, it is very much in the infancy stages. It is a concept.

[The Metaverse](/news/article/how-to-invest-in-metaverse) is to our world today what the internet was to the world of the '80 and early '90s.

That means that some people believe the Metaverse is the new evolution of the internet, and next is the step to [Web3](https://en.wikipedia.org/wiki/Web3). The Metaverse may be this impactful. A better way to view it is to imagine it as the evolution of the world wide web, where one can visit "sites" through a 3D virtual world. The Metaverse should not be considered something utterly new. Instead, it seems experts in the field want us to view it as the next step up from the current world wide web.

Try to consider it as a 3D virtual world accessed by anyone, where people can interact, build, and function as a society, but in a setting unconstrained by the boundaries of a pre-developed simulation – like a modern video game.

Matthew Ball describes the Metaverse in this [YouTube video](https://www.youtube.com/watch?v=4S-4mTvK4cI&t=222s):

The Metaverse is ideally a "massively-scaled interoperable network of real-time rendered 3D virtual worlds", he says, "experienced synchronously and persistently, by an unlimited number of users, each with an individual sense of presence while supporting continuity of data, such as history, identity, communications, payments, entitlements, and objects".

Seems highly ambitious. The real good news? We are closer than ever to the above, for the most part.   

A great example of how the Metaverse can be used is by looking at the positive effects that real-life interactions in a virtual space can have. For instance, [one veteran used a virtual space to treat her PTSD](https://www.youtube.com/watch?v=xrsoselqh7w&t=2s), feeling safe enough to talk about her experience. This brings up a pivotal crux of the Metaverse which will inevitably be discussed: anonymity.

## The biggest step toward the Metaverse so far: Everdome

The next step in the Metaverse is creating it, and no one seems to be closer so far than [Everdome](https://everdome.io/).

According to [CoinGecko](https://www.coingecko.com/en/coins/everdome), the Everdome crypto offering is the digital frontier's first hyper-realistic Metaverse.

Built on [Unreal Engine 5](https://time.com/6164332/epic-unreal-engine-5-launch/#:~:text=The%20company%20promises%20that%20the,and%20of%20course%2C%20video%20games.), that really seems to be the case. On their website and promotional videos, Everdome features a beautiful futuristic space beginning on Earth and ending on Mars. The video features an option to "Connect Wallet", which opens a door to the Everdome crypto sphere, seemingly on a virtual 'red planet'.

Inside the Everdome is where it gets really interesting. Here is where the first true high-quality hyper-realistic Metaverse might come into existence. Also, it is best not to think of one company or project, Everdome crypto or any other, as the "Metaverse".

Instead, consider the idea that the Everdome crypto project is just another "verse", albeit a high-quality one with much potential. This verse is part of a multitude of other verses. By now, you are probably thinking about Dr. Strange.

It is important to realize the ambitious goals behind a project like Everdome. The project aims to facilitate a new age of interaction across virtual spaces, which has never been done before. The [Everdome litepaper](https://everdome-static.s3.eu-north-1.amazonaws.com/L_Pv004_4d98afb1d1.pdf?updated_at=2022-04-05T19:03:59.020Z) says it best: people, brands, and organizations looking to showcase themselves and their brands in a high-quality format will make Everdome the place to do so.


Everdome Crypto and the Metaverse

A new blockchain is coming, adding to the [Synapse](https://synapse.network/) crypto offering. To understand why you should care about this new creation from Synapse Network, we must first define some of the technology involved. First, let’s talk about what the Synapse Protocol can do right now.

According to their website, Synapse crypto comprises an economically secure method to reach consensus on the validity of cross-chain transactions and a cross-chain messaging framework, enabling developers to build truly native cross-chain apps".

So, if the Synapse Protocol already does this, what more does it need? Well, apparently, the next step for them is to roll out the Synapse blockchain. Synapse released news that it deployed its own blockchain on 28 July.

This new blockchain is significant for developers who make cross-chain apps, and for crypto users who want to bridge their assets across chains, swap stablecoins on-chain, add to liquidity pools, and stake [ETH](/coins/eth) to earn SYN.

The Synapse Protocol was ALREADY able to do all the above for users. However, with the rollout of Synapse V2 and its own blockchain, there is now a much deeper level of fundamental security to the entire Synapse crypto ecosystem. More on this later.

Now, the new blockchain by Synapse Protocol will be an optimistic rollup, reducing fees for customers using their services.

## What is an optimistic rollup?

An ["optimistic rollup"](https://www.alchemy.com/overviews/optimistic-rollups), according to Ethereum.org, is a protocol designed to do a very important thing: reduce pressure on Ethereum by processing transactions off-chain and verifying them for fraud, then telling the network whether to accept the transaction.

It vastly improves processing speeds for users and makes things much more secure. Optimistic rollups publish transaction results on-chain, fully using [Ethereum’s verification process](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/), but store the transaction data elsewhere. This makes completing transactions much faster.

In simple terms, in an optimistic rollup, transactions are executed outside of Ethereum. What's more, the technology introduced by Synapse V2 will make transactions faster, [cost less gas](https://ethereum.org/en/developers/docs/gas/), and be more secure.

## The Synapse Chain

The basics of the Synapse Chain are defined in three protocols that are the backbone of Synapse. They are as follows:

1.	Generalized Cross-Chain Communication
2.	Optimistic Security Model
3.	Synapse Bridge

## Generalized Cross-Chain Communication

Synapse developed a generalized message system that can send data across different blockchains securely and seamlessly. Now, developers can deploy their applications on a single blockchain and communicate with multiple other chains. This has resulted in Synapse building a tool that can provide the same user experience, but from one application layer. Essentially, Synapse's generic messaging is a massive leap for combining blockchains in a universal way.

## Optimistic Verification

Synapse realizes one fact about the crypto and blockchain world: it will be multi-chain. There will be many, many blockchains, all doing different things, and all of them will need to somehow interact with one another to some degree. That's great for Synapse, who have developed excellent cross-chain infrastructure. So, what’s the problem?

Security. Many [interoperability platforms](https://finance.yahoo.com/news/top-ten-interoperability-cryptocurrencies-144813796.html) which enable cross-chain communication do not have high security standards. This changes with optimistic verification, an important part of Synapse V2. In this way, during a bridge transaction, there is a small window of time in which off-chain actors verify the transaction. This makes the...

## Synapse Bridge

Users can utilize Synapse Bridge to swap on-chain assets across more than 15 EVM and non-EVM blockchains. It supports both canonical token bridging and liquidity-based [cross-chain bridging of assets](https://www.techtarget.com/whatis/feature/The-best-cross-chain-bridges).

The Synapse Bridge has processed almost $11 billion in total volume since inception and shows little signs of slowing down. It is also available to developers for use in integrating cross-chain apps. 

There is a Synapse crypto token too. On 28 July, when Synapse released its V2 announcement, the price of Synapse crypto digital asset, SYN, spiked 32%!

[The Synapse Chain](https://synapse.mirror.xyz/L6dBb7aXIJ1Ll5_sxP2bIJxVEYNd43ZzIV6dRylQJxw) is an optimistic rollup blockchain executed with Ethereum, but it is also much more. According to their website, Synapse V2 will feature "generalized cross-chain messaging (that) enables any arbitrary data to be sent across blockchains, expanding mass-market use cases of cross-chain infrastructure to NFTS, smart contract calls...".

This is a massive development that will allow the users of the Synapse cross-chain token bridge to expand the use of Synapse in a big way – and allow them to access much more with their tokens.

## Synapse Protocol’s Impact

Cross-chain liquidity is something that is masterfully executed by Synapse. In less than one year, Synapse bridged $11 billion in volume with almost 1 million transactions. In its first year, it also served 150,000 users.

Synapse also partners with DeFi apps, allowing users to exchange assets between different blockchain games or infrastructures.


Synapse Crypto Protocol V2 Explained

Today we are discussing Ash crypto, an altcoin claiming to "participate in the funding of sustainable initiatives for pollution removal…".

Ash token, or ASH as it’s referred to on Pancake Swap, claims to be a project that supports corporate ESG initiatives. According to [CoinGecko](https://www.coingecko.com/en/coins/ash-token), the token addressed on the [Binance Smart Chain](https://www.bnbchain.org/en) at 0xe3c1bdeec4db91cd90c336776332fae2e00fddd9 is indeed live and shows a standing supply of ten trillion tokens. The ASH crypto token is available only through Pancake Swap. At this time, this project does not appear to be legitimate.

## How does ASH function?

According to their website, the ASH token is governance-based, supposedly allowing token holders to decide how the initial token sale is allocated. The ASH crypto website claims that additional liquidity will be generated through transaction fees. It does not prove any of this through any technical documentation or verification.

How this token will support transaction fees still is to be seen. ASH token is on the Binance Smart Chain and can only be bought via Pancake Swap. This is then used to fund the creation of something called the Phoenix Launchpad. This is the "ecosystem" in which ASH token holders will be involved.

The website says that the ultimate goal of ASH is to create something called a Phoenix token. The company claims it will use a proof-of-work (PoW) mechanism that mints the tokens based on an amount of pollution removed from the environment, determined by the type of pollutant.

The project has a [website](https://www.ashtoken.io/), a [whitepaper](https://www.ashtoken.io/pdf/ASH_PHOENIX_WHITEPAPER_130821.pdf), and a teams section with what appear to be real LinkedIn profiles. However, there is an apparent lack of oversight and regulatory approval. It claims that it will fund eco-initiatives and even has a section for applications to something called the Ash DAO Fund, a fund that is supposed to support green tech and clean tech projects.

Currently, the only way to purchase ASH is via Pancake Swap at a price of $0.000000991263.

With the [large number of crypto scams](/news/article/crypto-hacks-peaking-october) out there, it's worth waiting to see if further developments and news are coming out of this project. Anyone can create a token on PancakeSwap, and it's important that due diligence is conducted when looking at any potential investment.

In this case, a high degree of caution is advised. It is still to be shown whether this project is indeed legitimate.


What is Ash Crypto Token?

The use of cryptocurrency trading bots has proliferated widely by experienced and novice crypto traders. Like a trading bot on a traditional financial market, crypto trading bots are used to execute potentially profitable trades automatically.

As these platforms are so common in the cryptocurrency industry, many cryptocurrency trading bot scams exist. However, numerous websites have verified that the one we are discussing today: The Bitcoin Motion trading bot, is a scam you must avoid at all costs. 

The scam works by luring people with promises of easy returns on Bitcoin for a simple fee of $250. They claim that investors have a dedicated account manager on call that they can reach and can withdraw at any time. This was proven to be fake. Luckily, helpful websites exist created by teams of people who care about informing the general public about crypto trading bot scams. 

One way to find out about scam crypto trading bots like Bitcoin Motion is [Scam Crypto Robots](https://scamcryptorobots.com/bitcoin-motion-review-scam/). According to this website, Bitcoin Motion trading bot users reported being unable to withdraw their money from a broker entitled “Coin Central Invest”, a registered business in Sophia, Bulgaria. Shady doesn’t even begin to describe it. 

This Bitcoin Motion scam has even gone so far as to use the names of celebrities like Elon Musk and create fake videos of him “endorsing” it. 

According to the Scam Crypto Bots site, all five of the Bitcoin Motion websites it found were discovered to be fake scams. 

However, after all this, it begs the question…

## Do real crypto trading bots exist? 

There are multiple ways to recognize a fake or scam crypto trading bot. 

1. They promise guaranteed returns
Markets are unpredictable. Therefore, how can anyone promise guaranteed returns? Advertising such promises are illegal in traditional financial markets.

2. Free
Rarely is a proper trading algorithm going to be free. The best one can hope for is a simulation or demo from a real trusted brokerage. 

3. Disclosure 
Who are the people behind the company? Who developed the bot? Is the info available on their software? Do they have any documentation or whitepaper of their procedure? 

Bitcoin Motion has been proven to be a scam and is re-used on a white-label basis by multiple shady agencies. Be aware, and protect your money. 

Be very careful when looking to trade cryptocurrency online. Reliable blue chip exchanges like [Coinbase](https://www.coinbase.com) are secure and are your best bet when investing in crypto. Real crypto trading bots do exist, such as Pionex. Such companies undergo heavy scrutiny, and a good way is to read the many reviews online. 

The basic steps you can take to protect yourself from crypto fraud are first to ensure the following:

1. Is my wallet protected?
Is your wallet legitimate in the first place? Also, if any company or individual asks for your wallet key to participate in an investment opportunity, it is probably a scam. Never give away your private crypto wallet key.

2. Watch your wallet
Makes sure you are constantly watching for strange transactions or security alerts from your wallet. If it’s your first time using a crypto wallet, only transfer a small amount of money as a test. 

3. Don’t rush! 
Take your time learning the world of crypto and read up on the legitimacy of any project you are interested in. Do your due diligence, and never believe anyone promising free money.

Ultimately, if something looks shady in the cryptocurrency world, it probably is. 

At best, the Bitcoin motion scam will take your $250. At worst, scammers will steal your financial records or identity. 



Exploring the Bitcoin Motion Trading Bot Scam

MetaMask [(metamask.io)](https://metamask.io/) is a crypto wallet and way for users to access the Ethereum blockchain. MetaMask is one of the most actively used crypto wallets in existence, with over 30 million monthly users, according to metamask.io as of 2022. It is a free web wallet for your crypto that now has a mobile app and is one of the most widely adopted platforms to trade and swap tokens on the Ethereum blockchain and use DApps. 

MetaMask was founded and developed by [Consensys](https://consensys.net/), the leading Ethereum software company with many other popular products that provide various blockchain-based solutions to businesses and individuals. Consensys is one of the most trusted companies in the crypto space and is leading the charge in delivering blockchain services for users on the Ethereum blockchain.

## How does MetaMask work?

MetaMask is primarily accessible via a web browser or the MetaMask mobile app. It is a “hot wallet” that provides each owner with an address with which they can receive Ethereum-based tokens and assets or purchase them. 

## What are the risks of using MetaMask?

[MetaMask](/news/article/avalanche-crypto-metamask) does store the private key inside the user’s browser, so potential theft in this direct way is possible but very difficult to accomplish. Usually, such hacks are employed using social engineering, involving the user willingly providing the information that a malicious party seeks. 

While MetaMask does not have access to your personal information, your web browser might. The browser would not store your passphrase, seed phrase or wallet info, but it will collect information on how and when you use an integrated app, plugin or extension. 

MetaMask wallets are “hot wallets,” meaning they are perpetually connected to the blockchain and can efficiently perform transactions with other addresses. A “Cold Storage” wallet is still more secure than any software-based crypto wallet but is also subject to physical theft, loss or damage. 

##What can I do with MetaMask?

The three main things that MetaMask can do is store crypto, allow users to execute peer-to-peer swaps, and provide access to DApps. 

Storage: Tokens built with Eteherum’s ERC-721 and ERC-20 token standards can be stored and exchanged between MetaMask wallet addresses, easily created via supported web browsers. Encryption allows users to keep their private keys and wallet passwords securely. 

Token Swaps: MetaMask performs token swaps differently by taking data from multiple decentralised exchanges and automated market makers. In this way, MetaMask swaps allow users to directly exchange crypto tokens without going through third-party custodial platforms or intermediaries. This allows token swaps at reduced costs and with fewer barriers. 

DApps: Ethereum-based DApps are some of the most popular and widely adopted. NFTs, DeFi platforms,  products and even blockchain games are accessible through MetaMask. For some of these tools and platforms, MetaMask is a downright requirement. For this reason, MetaMask is an excellent entry-level wallet.

## Why MetaMask is here to stay

One of the main reasons for MetaMask's long-term success is trust. Consensys, the company that developed MetaMask, is a giant in the global crypto space. They are leading the charge in providing consumers with accessible solutions on the Ethereum blockchain. 




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