Tuesday, November 9, 2021

Metaverse: next crypto trend?

Could metaverses, upcoming virtual projects, become the next crypto trend?

First of all, I know it's annoying but I have to say this is not a financial advice in any kind of way, DYOR.

Recently, Mark Zuckerberg announced the change of name from Facebook to Meta due to the implementation of the metaverse by Facebook, which will have multiple uses related to video games, NFTs and above all, rumors that it could collaborate with some project already existing, which has triggered speculation in the crypto market

What is the metaverse?

It's a virtual world that uses the latest technologies so that we can immerse ourselves in a unique experience in which we move to a world where we can interact with other users and all the elements that compose it.

The continuous technological improvements that are being implemented will make our physical movements and expressions be recreated in the metaverse (similar to virtual reality)

Potential

It offers a large number of possibilities that could mean a change in the current economy, taking a great step towards the digitization of the real world, since online stores, social media, education or concerts (as in Fortnite) could be created in the metaverse

Now, what does it have to do with crypto?

Well, there is no network as secure, scalable and decentralized as the blockchain and, as many metaverses need a payment method for their own economy, cryptocurrencies and NFTs could be put to great use, making the ecosystem bigger and increasing adoption

My favourite projects

Bloktopia (BLOK)

•One of the latest projects launched, it has had great growth. It is based on a decentralized metaverse and is supported, among others, by Kucoin, DuckDAO and Polygon.

•It provides a virtual reality experience offering an attractive and immersive world. This is located in a 21-story skyscraper, in reference to the total supply of Bitcoin. Places and works of art can be created relatively easily.

•We can earn rewards through the different sources of income offered by the platform, such as income through advertising in the metaverse, purchases and sales of real estate or the burning of tokens.

•The token (BLOK) is used to buy or sell NFTs or real estate in the metaverse, staking, access to exclusive events and a governance system.

Decentraland (MANA)

•Surely the best known, it is the first metaverse owned by its users. It gives us the possibility to create and explore a virtual world with many possibilities, where we can create our own avatar and interact with other users, participating in different games and marketing the different elements of the game in NFTs format.

•This world is divided into LANDs, NFTs divided into small parcels, in such a way that each parcel has certain coordinates that allow Decentraland users to buy parcels and create the activities or elements they want.

•It is an evolving world in which we can explore the lands of each user, fully customizable. Thanks to the "builder" tool we can create scenes, environments, works of art, social applications and games (these are difficult to do).

•In its marketplace we can exchange, sell or buy all the objects or elements of the game, from lands to character accessories with the MANA token

If you want to know more about this projects, check their websites:

-https://www.bloktopia.com/

-https://decentraland.org/

This is not any kind of advertising or shilling. I just wanted to share this with you and know your opinions

Excuse me if I have a repetitive and too formal vocabulary, I'm not a native speaker :b

Thanks for reading!


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