Why Metaverse Coins Are Going Viral?

Disclaimer: User Generated Content – Original Content created by a member…

25 May 2022 | 5 min read

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Disclaimer: User Generated Content – Original Content created by a member of CoinDCX Ambassador Program – The Pathbreaker Initiative. The views and opinions expressed within this post belong solely to the author.

Article Source: Why metaverse tokens are going viral

Author: Oluwafemi Adeyeye

Metaverse is a digital avatar-based universe. Which means Meta envision bes a virtual world where digital avatars connect through work, travel or entertainment using VR headsets.

It is a virtual reality world where users can interact, play games and experience things or activities as they would in the real world.
The metaverse is an online, three-dimensional universe that combines multiple virtual spaces. It can be compared to a future version of the internet. With metaverse, users will be able to collaborate, meet, play games, and socialise in these 3D spaces.

Metaverse tokens can be MANA (used within the metaverse platform), Decentraland, or SAND, (the coin of the land in the metaverse known as the Sandbox). Interested individuals can use both of the crypto to buy land and in-game items in their respective metaverse platforms.

The metaverse will inspire a bustling new economy at every level. For content creators and VR developers, it means another source of monetization. There are lot of metaverse tokens, the major ones has been listed above. The metaverse tokens in detail are as follows ;

Additional Read: Metaverse Explained with Real World Examples

AXIE INFINITY (AXS)

Axie Infinity is a metaverse project that’s closer to the definition of the metaverse, but it’s essentially a game. It is an eagerly anticipated upgrade that adds features and improves game mechanics. The local currency is the AXS token in this play-to-earn metaverse game.

SANDBOX (SAND)

The native token of the platform is SAND. The Sandbox is essentially a game and Players can create the Non Fungible Tokens, NFTs using the SAND metaverse tokens. The Sandbox has been one of the fastest-moving tokens over time.
For the newbies, NFTs can be used to represent an intangible digital item such as an image, video, or in-game token. It is generally built using the same kind of programming as crypto. These Non Fungible Tokens are non-interchangeable units of data stored on a blockchain, a form of digital ledger, that can be sold and traded.
SANDBOX allow users to create these NFTs as SANDBOX itself is a virtual Metaverse built on the Ethereum blockchain, and allow players to build, own, and monetize their gaming experience.

DECENTRALAND (MANA)

Decentraland is a fully decentralized virtual world where users own virtual items, meaning that there are no developers that can reclaim any digital property within the whole universe. Decentraland native token is the MANA token.
MANA token is the in-game currency of Decentraland and also serves as the platform’s crypto. It is also an Ethereum token.
In Decentraland, the space that a user interacts with is known as LAND.

Additional Read: MANA vs SAND

HIGH STREET (HIGH)

Highstreet is a bubbling metaverse project with virtual reality support that has potential, especially in terms of metaverse applications. One can purchase things inside this virtual universe using the currency HIGH.

FLOKI INU (FLOKI)

Floki Inu is yet another dog-meme-based crypto, but it’s in the running for viable metaverse crypto — especially for those looking for any undervalued crypto. The crypto is named after Elon Musk’s dog, which is a Shiba Inu — also the name of another crypto project.

METAHERO

Metahero is a new metaverse project that revolves around creating HD avatars of real-world objects and people using 3D scanning. The company has even installed a scanning chamber in Doha that scans objects and creates their digital, 3D form for the Metahero universe.

TERRA VIRTUA KOLECT (TVK)

Although Terra Virtua Kolect has been in existence even before the Non Fungible Tokens, that is the NFTs, it is now a virtual environment that’s all about NFTs. Interested individuals can create, sell and buy NFTs from other members using the native token TVK. It is highly potential as it is all about the now-viral NFTs.

STAR ATLAS (ATLAS)

Star Atlas is a metaverse project that is a game, the game visualizes the future — the year 2620 to be precise, where players can conquer land and collect resources in a highly futuristic setting.
Although the game is still in development, it also involves a metaverse token, which, unlike some tokens that would be spent while playing the game, ATLAS, will be earned by playing the game.

RENDER (RNDR)

The reason why Render Token just might become the crypto of the Metaverse is that a lot of virtual worlds are being created right now in VR and AR. The Metaverse is a virtual world or series of virtual worlds that many expect to exist once enough users start to embrace VR and use it regularly.

Metaverse itself is going more viral that even one of the biggest tech companies globally, Facebook, is betting on it, and going so far as to change its name to Metaverse. As the internet has unlocked access to many unreachable goods and services, The metaverse which is described as a seamless convergence of our physical and digital lives has created a unified, virtual community where we can work, play, relax, transact and socialize like never before.

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Article Source: Why metaverse tokens are going viral

Author: Oluwafemi Adeyeye