CBP Group

The metaverse has been described as “the next evolution of social connection,” and includes 3D spaces where you can “socialize, learn, collaborate, and play in ways that go beyond what we can imagine.” The trending technology is not only a massive milestone for Facebook (NASDAQ:FB) but also for a new generation of companies that are now following suit, including an announcement that Microsoft (NASDAQ:MSFT) is creating a “metaverse stack”.

A huge part of what makes up the metaverse is the virtual reality component. So what exactly is virtual reality (VR)? VR uses cutting-edge graphics and rendered experiences to create a computer-simulated environment where participants aren’t merely passive but can actually engage in their virtual world. By putting on a VR headset, users are fully immersed into incredibly realistic 3D worlds, whether that’s feeling like they’re genuinely on a rollercoaster in real life or walking around in a vine-covered street in Italy via a simulation on Google (NASDAQ:GOOGL) Maps.

Technically speaking, VR headsets typically feature a display split between eyes, which in turn creates a stereoscopic 3D effect accompanied by stereo sound. They also track the position in space to orient users’ point of view. Combine this with input tracking, users get a completely immersive experience, sometimes so realistic that they can cause the user to feel motion sickness.

The amount of SHIB held inside the wallets of the top 1000 Ethereum whales has surpassed 2 billion USD. The whales SHIB holding statistics were discovered by blockchain and crypto analytics solution services provider — WhaleStats.

In detail, apart from Shiba Inu, WhaleStats statistics hovered other existing altcoins as well as stablecoins. To name a few, the tokens onboard were FTX token, USDC, USDT, OKB, BEST, MANA, CRO, GALA, and more.

Following SHIB on the list is FTX token. It appeared with a stunning amount of over $1.7 billion, with a growth rate of 14.33%. In addition, USDC stablecoin was spotted in the third position with almost 1.1 billion USD and a growth rate of 8.48%.

To note, Bitpanda Ecosystem Token (BEST) was also on the list with a growth rate of 3.66% and a value of $440. 439,848. To cut a long short, MATIC, MANA, GALA, OKB, LINK, and the majority of altcoins secured positions as the tokens held by the top 1000 ETH whales.