When two visionary concepts meet, a whole new world is formed. The effervescence cultivated around the Metaverse tends to push the boundaries of the possible. Cryptocurrency is thus invited into this futuristic ecosystem that is increasingly taking the path of reality.
What is the Metaverse?
Present in the common language since 1992, Metaverse has benefited from a recent spotlight. Indeed, the simple will of Mark Zuckerberg to change the name Facebook by Meta has animated the passions of the whole world around a concept that is nevertheless twenty years old. But in concrete terms, what is the Metaverse? This contraction of "meta" and "universe" translates a parallel, immersive world, where virtual reality is augmented into a single environment.
These digital spaces are thus brought to life by real interactions. Users who take the form of an avatar and who can evolve, meet, play or discuss. If this definition reminds us directly of video games, they have only prepared the ground for the Metaverse. The main difference is that the Metaverse has no limitations on the number of participants.
The concept should be seen as a unique world, resolutely virtual, which induces its own codes and functioning. By having a free field of interactions and activities, the Metaverse offers a new face, futuristic, and at the same time so close to our daily life. We can work, learn, but also pay. And that's where cryptomoney comes in.
Metaverse and cryptocurrency: a virtuous and revolutionary relationship
By having its own virtual economy, the Metaverse has inevitably had to create its own currency to buy houses and clothes, but also participate in a plethora of activities. Having a fulfilling online life in short.
And naturally, blockchain and related technologies are essential to this new reality. Working, living and playing in this parallel world resonates as a reality through the advent of cryptocurrencies. Just like the many types of metadata, there is a great plurality of cryptocurrencies. Let's take a look at the ones that are best suited to this very unique world that is the Metaverse.
Decentraland: the 3D virtual reality platform
This platform is designed to buy, sell and manage a virtual property. Based on the blockchain, this platform allows its users to buy, sell and manage parcels of digital real estate called "LAND". And to acquire LAND, one must employ MANA, which is the cryptocurrency token totally dedicated to Decentraland.
This digital currency offers the opportunity to create a whole new world and explore the potential of the Metaverse. With a cell phone, a computer or a virtual reality headset, the field of possibilities is wide. The opportunities for interaction are abundant and exciting, giving rise to concerts or any other virtual entertainment.
The Sandbox: the virtual world for exchanging digital assets
This universe allows its users to buy and sell virtual land and other assets, thanks to a token called SAND. The idea is to capitalize on the power of cryptocurrency to create and convert anything you want. A kind of digital experience to monetize. The Sandbox thus offers an unlimited field of possibilities play allows to control assets. Supported by SoftBank, one of the most influential technology investment companies to date, The Sandbox benefits from a token with an estimated market capitalization of more than 2 billion dollars.
Axie infinity: the favorite NFT collection of players
While Decentraland and Sandbox tend to buy and sell virtual land, there are other platforms designed to create a virtual universe to raise creatures in. This is the case of Axie Infinity. Working with a blockchain, it is possible to win rewards, with variable quotations, which can then be exchanged for real currencies, such as the dollar or the euro.
Axie Infinity is the flagship of a new generation of video games. Inspired by Pokemon, this NFT game based on Ethereum allows players to earn tokens thanks to a very specific gameplay. Players fight their opponents, collect and speculate on more or less rare "Axies" in order to create a prolific farm. By attracting players from all over the world, the tokens maximize their potential and interest more and more investors.