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What is the metaverse

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Written by   32
1 month ago

What is the metaverse

In today's new blog post we are going to cover a topic I hear come up many times in news and headlines. That is the metaverse I don't know how many times I've heard something about the metaverse be brought up whether that's metaverse cryptocurrencies or companies moving forward towards the metaverse such as Facebook for example. I believe that the metaverse is going to be a key part of the future of cryptocurrency. So I thought this would be a good time to write an article about it. So nonetheless let's get into the blog article now.


What exactly is the metaverse

So to start I should state that the metaverse Isn't just one place that you can go to and hang out at. It's more a collection of NFT and crypto projects that are creating essentially a collection of virtual spaces and universes that could interoperate with each other. Which allows for the creations of the metaverse. There are so many use cases and possibilities for the metaverse that it's pretty insane. Besides connecting all of the crypto and NFT communities together it can also bring together many companies and media franchises. Although much of the metaverse consist of gaming-related cryptos and NFTS as of right now. I'm sure sometime down the road we will see more products be brought into the metaverse. Some of the biggest companies and products that could possibly come onto the metaverse besides gaming are social media apps and Tv and movie franchises.      

What companies are getting to the metaverse

I'm sure many of you know about the social media company formerly known as Facebook changing its name to meta as it was huge news not just for crypto but for social media in general. It just goes to show that the future of interacting with others online will be through the metaverse and not how we currently do our day-to-day online interactions. But it ain't only social media companies getting in on the metaverse too but also tech companies such as Microsoft and Nvidia. Each presents their metaverse product that could help production within the office proving that the metaverse isn't just for your average consumer but for business and companies as well. I'm sure as we see more companies adopting the metaverse that we'll start seeing more mainstream media coverage on the metaverse. Which will blow up certain cryptos that hit the headlines which leads us to the next topic.    


What metaverse cryptos should you get into

Now to start I should state that this isn't financial advice so don't take the following information as such. The metaverse doesn't just have one cryptocurrency to represent it but instead a variety of cryptos that make the majority of the community. Some of these coins have already pumped pretty well from the recent Facebook news but there is still a chance to make a lot of money from these cryptos. Remember we are still pretty early in the development of the metaverse. So there are still plenty of chances to make money on the long road. So let's dig into these cryptos now.   

To start we should cover the most famous of them all when it comes to a virtual land a coin call Decentraland or also known as MANA. This coin is attempting to create a land where digital art and architecture can be created in a decentralized way. That's why it's called decentraland since it won't be governed in a centralized way instead they use a DAO or decentralized autonomous organization making it able to be governed decentralized. You can buy plots of land through the mana coin in the world and then use it for whatever purposes you want. You can either create art or games or whatever it is your heart desires on these lands.   

The next crypto we will talk about is also popular when it comes to crypto gaming and the metaverse. The crypto we will be discussing is a coin called axie infinity (AXS) which is a crypto game that allows you to make money from playing it. You can essentially earn money while having fun and relaxing which is revolutionary. In order to earn crypto from the game, you have to fight and raise creatures called axies. You use axies to fight battles with other people and if you win you to earn crypto. There are other ways of earning crypto from the game to such as daily quest. 

My Final Words     

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Avatar for Jack216
Written by   32
1 month ago
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