7 Metaverse Tokens For Beginners Who Want To Invest
Rancakmedia.com – Check out the following regarding the list of Metaverse tokens for beginners who want to invest. The crypto metaverse is one of the most anticipated futures of cyberspace. The phrase "metaverse", which comes from the prefixes "meta", meaning "beyond", and "universe", was first used in science fiction.
Consequently, the metaverse crypto what is meant is a shared virtual environment where land, buildings, avatars, and even names can be bought and sold, often using cryptocurrencies.
Anyone can visit buildings or purchase virtual land, buy goods and services, and attend events in this metaverse world. During the post-lockdown epidemic, the concept of the metaverse has grown in popularity, and many people have been advised to stay at home.
Many new platforms enabled by blockchain technology, using cryptocurrencies and non-fungible tokens (NFT), are now available in the crypto metaverse, enabling new types of decentralized digital assets to be developed, owned and monetized.
2 Types of Metaverse Crypto Platforms
The first involves using NFTs and cryptocurrencies to create a blockchain-based metaverse. People can purchase virtual land plots and develop their own neighborhoods on platforms such as Decentraland (MANA) and The Sandbox.
People buying or trading virtual assets on blockchain-based platforms must use cryptocurrencies, despite the fact that many metaverse platforms offer free accounts.
In order to buy and exchange virtual assets, some blockchain-based platforms, such as MANA Decentraland and SAND The Sandbox, require Ethereum-based crypto tokens.
What Is the Future of the Crypto Metaverse?
At this time, it's unclear what the future of the Metaverse will look like or how long it will take. Many blockchain-based metaverse platforms are still working on Augmented Reality (AR) and Virtual Reality (VR) technologies that will allow users to fully participate.
PwC, a global accounting and advisory firm, estimates that virtual and augmented reality will boost the global economy by $1.5 trillion by 2030, up from $46.5 billion in 2019.
Facebook Inc (FB.O), Alphabet Inc (GOOGL.O) Google and Microsoft Corp (MSFT.O) are all investing in cloud computing and virtual reality companies in anticipation of their growth.
List of Metaverse Tokens
For those of you who want to invest in Metaverse tokens, here are some popular Metaverse tokens that have been summarized by rancakmedia:
1. Decentraland (MANA)
A group of developers in Argentina designed and launched the site in 2016. Decentraland (MANA) is a virtual gaming platform that operates under the Ethereum blockchain. It allows users to openly create, experience and monetize their content without any hassle. Players must own a portion of LAND to play the game (16x16 NFT by Decentraland).
MANA is the Decentraland ecosystem's ERC-20 token and native currency, used for all round-trip transactions. To participate in the game, players must own a piece of LAND (1616 NFT by Decentraland).
MANA tokens can be used to buy avatars, wearables and names directly, thanks to the token's wide use cases. MANA tokens can also be purchased from centralized exchanges (CEX), decentralized exchanges (DEX), and swap services directly.
2. Axie Infinity (AXS)
Axie Infinity is the second metaverse token on our list (AXS). Due to its seamless and interactive Play-to-Earn (P2E) features, Axie Infinity has recently gained mainstream popularity in the market. Many people find it a simple method to earn money while enjoying a whole new level of experience.
Specifically, AXS is the governance token for the game Axie Infinity. It is an NFT-based digital game founded on the Ethereum blockchain. In terms of similarities, Axie Infinity is similar to the Pokémon games in that it allows players to battle and trade adorable NFT pets known as Axies.