focus on its three influential cryptocurrencies

When two visionary concepts meet, a whole new world is formed. The excitement cultivated around the Metaverse tends to push the boundaries of the possible. Cryptocurrency thus invites itself into this futuristic ecosystem that is increasingly taking the path of reality.

What is the Metaverse?

Present in common parlance since 1992, Metaverse has benefited from a recent spotlight. In fact, the simple will of Mark Zuckerberg to change the Facebook name of Meta has animated the passions of the whole world around a concept which is moreover twenty years old. But concretely, what is the Metaverse? This contraction of “meta” and “universe” translates a parallel and immersive world, one in which virtual reality is augmented is just an environment.

These digital spaces thus come to life from very real interactions. Users who take the form of an avatar and who can evolve, meet, play or chat. If this definition is directly reminiscent of video games, they have only set the stage for the Metaverse. The main difference lies in the complete absence of limitation of the Metaverse in terms of participants. We have to see this concept as a single, resolutely virtual world that induces its own codes and operations. By having the field free from its interactions and activities, the Metaverse offers a new face, futuristic and at the same time so close to our daily life. We can work there, learn, but also pay. And this is where cryptocurrency comes in.

Metaverse and cryptocurrency: a virtuous and revolutionary relationship

Having its own virtual economy, the Metaverse inevitably had to create its own currency to buy homes and clothes, but also participate in a plethora of businesses. In short, having a fulfilling online life. And of course the blockchain and related technologies are essential for this new reality. Working, living and playing in this parallel world resonates as a reality with the advent of cryptocurrencies. Like many types of metadata, there is a large plurality of cryptocurrencies. Let’s take a look at the ones best suited to this unique universe that is the Metaverse.

Decentraland: the 3D virtual reality platform

This platform aims 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, you must use MANA, the cryptocurrency token totally dedicated to Decentraland. This digital currency offers the advantage of creating a whole new world and exploring the potential of the Metaverse more and more. With a mobile phone, computer or virtual reality headset, the range of possibilities is wide. The opportunities for interaction are abundant and exciting, resulting in concerts or 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 the token called SAND. The idea is to harness the power of cryptocurrency to create and convert anything you want. A sort of digital experience to be monetized. The Sandbox thus offers an unlimited range of play possibilities allowing you to control the goods. Backed by SoftBank, one of the most influential tech investment firms to date, The Sandbox benefits from a token with an estimated market capitalization of over $ 2 billion.

Axie infinity: players’ favorite NFT collection

If Decentraland and Sandbox tend to buy and sell virtual land, there are other platforms intended to create a virtual universe to breed creatures there. This is the case with Axie Infinity. By operating with a blockchain it is possible to win prizes, with variable prices, which can then be exchanged for very real currencies, such as the dollar or the euro. Axie Infinity stands out as the standard of a new generation of video games. Inspired by Pokemon, this Ethereum-based NFT game allows you to earn tokens thanks to a very specific Gameplay. The players fight their opponents, collect and hypothesize more or less rare “Aces”, in order to create a prolific breeding. By attracting players from all over the world, tokens maximize their potential and interest more and more investors.

With LiteBit it is possible until April 30, 2022 to take advantage of a credit of € 20 after registering and verifying the account.

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