Did you ever imagine a virtual space where you can do whatever you wish?
Though the internet and technology have developed yet we are still bound by the realities of life. Metaverse is a virtual space that takes you beyond real life. In Metaverse, you can attend meetings, events, social gatherings, shopping, work and even exercise all at one place.
Metaverse is a digital space that brings together the aspects of social media, eCommerce, online gaming, cryptocurrencies and Virtual reality. The concept of Metaverse gained momentum when Facebook (now Meta) decided to invest millions in building a Meta community platform. The company rebranded itself by changing its name to Meta. Thus transforming from a mere social media platform to a “social technology company”.
Metaverse Blockchain technology is still under development but online NFT games are already popular. You can play, win and collect NFTs on popular metaverse gaming sites. Moreover, you can exchange these NFTs on various crypto exchanges in crypto or fiat currency.
Let us first understand what is Metaverse?
What is Metaverse?
Neal Stephenson was the one who coined the term Metaverse for the first time in his novel Snow Crash in 1992. Metaverse is a digital reality where people can interact with each other, move and act as they wish using their online avatar. It uses virtual reality and augmented reality to make the online experience more like real life.
Metaverse is the next big thing that will happen to the internet and humans in the coming days. Mark Zuckerburg has a very futuristic approach where he imagines everything virtually possible. You will be able to record what you see and hear through smart glasses that offers augmented reality. He believes that smart AR glasses will be as popular as smartphones at present.
Moreover, it is highly possible in future that you can attend meetings and chat with your friend simultaneously through the Quest VR headset. You can access metaverse through your phones, laptop, computer, smartwatch, tab or headset. It offers a space where you can enjoy online gaming, socialize, shop, watch movies, work and even exercise.
It might seem a little exaggerated to you but you can even teleport yourself to any place you wish without taking the trouble of travelling. You can even buy or build your own property or sell it in exchange for NFTs. You can even exchange your metaverse crypto with users. Moreover, you can also invest in metaverse tokens and earn interest in form of collectables or NFTs. At present several NFTs and tokens have already started adopting metaverse crypto.
Top 5 Metaverse Crypto
Big investors and crypto giants are vying for a piece of the hottest meta crypto. Here are the top 5 metaverse cryptocurrencies expected to skyrocket in 2022.
The SandBox is a blockchain-based game and metaverse world where you may purchase, trade, and stake non-fungible token (NFT) assets like virtual land plots. SAND is a cryptocurrency based on the Ethereum network. One advantage is that Ethereum is a secure and stable network. One disadvantage of purchasing SAND is that Ethereum is known for charging high gas charges to consumers who wish to transact on its blockchain.
The entire metaverse is encompassed by Decentraland, sometimes known as a “virtual social world,” To put it simply, Decentraland is a digital environment that was established in 2015 to reflect the real world. You can interact with other Decentraland members from all around the world by attending virtual events, playing games, exchanging digital things in marketplaces, and socialising.
Players who have explored Decentraland have compared it to Second Life, VRChat, and even Animal Crossing. Every virtual element in Decentraland is owned by the people who use it. MANA, a cryptocurrency similar to SAND that operates on the Ethereum blockchain, can be used to ensure virtual property ownership.
Star Atlas, a virtual game environment, depicts the year 2620. As a citizen of Star Atlas, you should excel at territorial conquest, political dominance, and resource collection. You’ll have the chance to win tokens as you fight your way through intergalactic conflict.
ATLAS, which runs on Solana, is Star Atlas’ primary in-game currency. Because Solana is known for being the “Ethereum killer.” It aims to deliver the same functionality as Ethereum, but without the wallet-draining gas charges and scalability difficulties.
ATLAS is available on FTX and Gate.io.
In the year 2021, Hero was released. Metahero is a 3D scanning process that creates ultra-high-definition avatars from real-world objects, including people. Metahero’s major purpose, to put it another way, is to bring tangible objects into the digital, virtual world. For these virtual items, NFTs are also minted.
According to CoinMarketCap, Metahero has a 4K public chamber up and operating in Doha, Qatar, and is ready for scanning. Tokyo, Berlin, New York, Seoul, and other cities are set to get more scanning chambers. The fact that MetaHero has an exclusive agreement with Wolf Digital World connects it to Sony is the icing on the cake. To use Metahero, you’ll need to secure HERO tokens. You won’t have to pay expensive Ethereum gas fees because HERO is built on the Binance Smart Chain.
HERO is available for purchase on KuCoin, Gate.io, and PancakeSwap.
Bloktopia is a virtual world with a 21-story building. With this virtual reality real estate, users can create artwork, games, challenges, settings, and more using a basic building tool. Polygon, which is powered by the MATIC token, powers Bloktopia. Unlike Ethereum, it allows for low-cost and fast transactions.