How Do We Use This Development In The Crypto World?

Metaverse is a virtual universe where users can interact, play games and gain experience just like in the real world.

Most of the Metaverse-based tokens have brought substantial returns to their investors. In fact, among the top 100 cryptocurrencies by market capitalization, Decentraland, The Sandbox, Theta Network, Enjin Coin, Axie Infinity rose by 12%.

Minor tokens including Onooks, DeRace, Defina Finance, DEAPcoin and Ultras have changed between 20-55% in the last 24 hours, according to Coinmarketcap data.

Edul Patel CEO Mudrex said he found JP Morgan's entry into the world of the metaverse positive. “Features such as real-time persistence, digital avatars, virtual reality, and accessibility across multiple devices enhance the metaverse theme.”

EarthID Vice President Sharat Chandra said that JP Morgan's entry into the metaverse is not surprising. “In December 2021, PWC Hong Kong entered the metaverse. He also strategically bought his virtual land from The Sandbox.”

“These developments represent a turning point. It shows how digital financial services will be delivered by banks.”

Thanks to the entry of big brands into the metaverse, the commodity economy will increase exponentially.

“Web3 and the open metaverse give users a significant stake in network ownership.”

With that, Decentraland has published its 2022 Manifesto. The prototype mobile application includes game improvements and NFT protocol enhancements.

Experts say that the metaverse is a big development in the crypto world. They are extremely optimistic on the metaverse. According to experts, the way things work and people's interactions will change in the future.

According to Chandra, “Token prices will skyrocket and this is a good opportunity.” The metaverse projects he found notable are Sandbox, Polkacity and Decentraland.

Mudrex's Patel recommends long-term investors check out Decentraland, Axie Infinity, SafePlus, Island Girl, The Sandbox, and Wilder World.

In my view, metaverse tokens will have major improvements as knowledge about 'play-to-win' projects increases.