In this article, we will talk about the 5 most popular Metaverse cryptocurrencies for you. What is the Metaverse, which has grown in popularity after Facebook announced that it would be renamed to metaverse? Metaverse cryptocurrency?
What does the concept of metaverse mean?
We all probably know about the Matrix universe. Here, Metaverse essentially refers to a virtual universe like the Matrix. Just like in the Matrix, Metaverse offers you the opportunity to live, work and earn in that universe. Of course, although it does not offer a reality that is almost indistinguishable as the Matrix, Metaverse also aims to provide a realistic experience to the extent that technology currently allows. Who knows, maybe in the future this reality may even reach the level of the Matrix.
What is the connection between the Metaverse and cryptocurrencies?
Games, as we know, actually offer us a virtual universe. In this virtual universe, there are various tasks and achievements according to the nature of the game. Metaverse is a groundbreaking technology that combines these universes with crypto universes and offers the opportunity to earn real crypto money in a virtual universe. Below, we have shared with you the 5 most popular cryptocurrencies that are currently traded on the metaverse universes!
1. What is Decentraland (MANA)?
Decentraland is one of the first metaverse-based game projects built with a bit of a Minecraft mindset. There are three tokens associated with the platform: MANA, LAND and ESTATE. All work together for different areas of the Decentraland economy. On the other hand, the platform is managed by its users through a decentralized autonomous organization, Decentraland DAO.
2. What is Enjin (ENJ)?
Enjin is software that gives developers the ability to create and manage virtual goods on the Ethereum blockchain. The idea is that Enjin can use blockchain technology to manage in-game items across many different properties, helping to reduce the high fees and fraud that hinders the transfer of virtual in-game items and collectibles.
3. What is Axie Infinity (AXS)?
Axie Infinity is a blockchain-based war game inspired by Pokemon. The game’s governance token is called AXS. A token called Smooth Love Potion (SLP) is also used in-game. The game is developed on the Ethereum blockchain. The digital animals called Axie are unique creatures similar to Pokemon, and each is also an NFT based on ERC-721.
4. What is The Sandbox (SAND)?
Sandbox is the metaverse universe where players can create, own and monetize their gaming experiences on the Ethereum blockchain using the platform’s utility token SAND. Players can create digital assets in the form of NFTs. It can integrate them into games with the marketplace and Game Maker.
5. What is Star Atlas (ATLAS)?
Star Atlas is a massively multiplayer online game set in a virtual game metaverse. It is built on Unreal Engine 5. And this ensures that the game has cinema-quality, real-time environments. Star Atlas is set in 2620 in a futuristic sci-fi setting where three large factions emerge and compete for resources and control. Mankind is a consortium of alien races and sentient androids. Players can buy and sell non-tradable tokens (NFTs) in the Star Atlas metaverse universe, thereby enjoying an economy that reflects the tangibility, ownership, and value of real-world assets.
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