Metaverse Coin Technology : What is Metaverse Coin?
The Internet and, more recently, the Metaverse, which merges virtual, augmented, and extended reality with the physical world, have ushered in a new world phase in which everyone lives side by side.
This includes the use of Metaverse Coin, which is expected to become a digital payment instrument in the near future.According to Bloomberg, Metaverse Coin will be highly promising for the Blockchain sector in the next two years, forecasting that the market size would expand consistently and reach more than $800 billion by 2024.
Metaverse refers to a change in how humans engage with technology and the development of 3D virtual worlds in general.
People in the metaverse utilize Metaverse Coin as a form of payment.
Users can also make, buy, and resell goods.
Then, in light of the market’s predicted growth, there are a number of tokens that can be considered extremely promising, and whose value will continue to rise in the coming months.
Facebook is putting a lot of money into metaverse development.
After Facebook changed its name to Meta on October 28, interest in the metaverse skyrocketed.
The makeover is being done so that Facebook is “perceived as a metaverse corporation,” according to Facebook CEO Mark Zuckerberg.
Thousands of staff will be shifted to the initiative, according to Facebook’s third-quarter report for 2021, and the corporation will lose $10 billion this year and more in the future on the venture.
Zuckerberg wants to have complete control over the metaverse.
The decision to redesign Facebook is “about dominating the operating system of the future,” according to expert Anupam Chander.
It’s no surprise, then, that the corporation has put more than $50 million into multiverse projects.
What Metaverse Coin Will Be Major Players In The Digital Assets Market?
Metaverse Coin are the units of currency used in metaverse transactions. While some metaverse coin can only be used within the metaverse, others are available on exchanges like WarziX, Coinbase, and Binance.
So, which metaverse coin appears to have the most promise?
Sandbox is a virtual game world in which players can earn SAND tokens by completing activities.
The SAND utility token, which is constructed on top of the Ethereum blockchain, is an important aspect of the game.
SAND tokens can be used to buy virtual items and work on a play-to-earn model in the metaverse.
1 SAND is currently worth 4.45 USD or Rp. 62.3 thousand.
The large players in the gaming industry are also paying attention to Sandbox.
A group of users lead by Softbank’s Vision Fund 2 invested $93 million in the gaming platform.
This came when the monthly transaction volume of active users surpassed $144 million.
2. Axie Infinity
Axie infinite is a play-to-earn game similar to The Sandbox.
To earn AXS tokens, you must sell, buy, and trade collectible monsters.
NFT tokens are used to depict monsters, and each one is unique.
Over the last six months, this entertaining game has exploded in popularity, with daily users increasing by about 5,000 percent.
The AXS coin is presently valued at $77.92, with a global market worth of nearly $8 billion.
3. THETA Coins
Theta Network is a decentralized video delivery network that uses blockchain technology to solve difficulties in the traditional video streaming industry.
THETA currency is used to power this network.
This token can be used to validate transactions, create blocks, and vote on network improvements.
The current value of the THETA coin token is $4.2 or IDR 30 thousand.
4. MANA Coin
Decentraland is a virtual reality platform where you can purchase a piece of LAND to use in the game.
You can advance the plot by constructing whatever you want and earning MANA in the process.
Decentraland was formed in 2017 and is a pioneer in the development of decentralized virtual reality based on Ethereum.
In the game, each LAND field is 16 square feet, and there are only 90601 LAND fields available.