You will not find a subject that generates as much buzz as crypto-currencies in this year 2021. And among the different cryptos, those that are being talked about a lot at the moment are grouped under the theme of the metaverse. Companies large and small are scrambling to invest in the metaverse. There are currently over 13,000 cryptocurrencies available for purchase, some of which have created considerable fortune for early investors.
What is the Metaverse?
Do you know the movie “Ready player one”? Then you already know what the Metaverse is. It is a shared virtual space through which users can evolve and live, just like the real world. In other words, the Metaverse is a parallel world in constant activity and “turns” even when the user is not connected. Work, interact, play, create… The possibilities for action within the Metaverse are considerable. To be able to fully immerse yourself in this virtual universe, it is necessary to have advanced technology: AR, VR, sensors, etc.
According to worshipers of the Metaverse, a futuristic version would look like a platform, through which each user could have their personality and identity in the legal sense of the word. In other words, a world in its own right with its laws and its digital currency. Cryptocurrency therefore seems ideal for fulfilling this mission. Among the projects of the crypto metaverse, we can notably find the famous Axie Infinity (AXS), pioneer of play-to-earn or The Sandbox (SAND), the digital kingdom.
Between social network and video game, the Metaverse has met with more and more success since the beginning of 2021. If there is not yet a Metaverse worthy of “Ready player one”, some companies already claim to have created a metaverse. We can for example cite Meta Horizon Worlds, launched by Facebook to interact with colleagues in a work meeting, or Second Life, allowing users to create a second identity.
Cryptocurrencies and Metaverse: a genius fusion
Working, living, playing in a virtual world has never been so real since the advent of cryptocurrencies and the metaverse. Just as there are many types of metadata available, there are many types of cryptocurrencies.
Understanding each option, the differences, the pros and cons can help you make the best investment decision for your situation. There are many opportunities to be seized every day to invest in it.
Which cryptocurrencies to follow at the moment?
Here are the top three metaverse cryptocurrencies you should keep an eye on.
Decentraland is a virtual reality platform that allows you to buy, sell and manage your virtual property (called LAND).
You can create and develop your own world as you wish and explore this version of Metaverse with your mobile phone, computer or virtual reality (VR) headset. First, you need Decentral and MANA. MANA is a local cryptocurrency used to allow you to access interactive applications, pay for goods and services, or invest. MANA is a mature and widely used metaverse cryptocurrency, which makes it very attractive to even newer users.
The Decentraland-related meta-universe also provides users with exciting interaction opportunities, such as concerts and festivals. Virtual entertainment venues are comparable to those in the real world.
The Sandbox (SAND)
The Sandbox is a virtual world where you can buy and sell virtual land and other assets using the token called SAND. You can create and convert anything you can imagine, using the power of SAND cryptocurrency to monetize your virtual experience.
The Sandbox is supported by SoftBank, which is one of the most influential technology investment firms today. You can buy, sell and mortgage your virtual land and assets. A play to earn metaverse that allows you to earn Sand by playing games that you can use as you see fit. You can create your own games, play other games, own virtual land, and collect, create, or control property.
This metaverse runs on the Ethereum blockchain to provide high-quality security. However, this also means that you will have to pay high fees. Nevertheless, its editor allows you to create unprecedented animations and models, while providing you with powerful tools to virtually create the world you want to live in.
Star Atlas (ATLAS)
Star Atlas gives you an experience in the galaxy. The stars are your limit and you can explore the possibilities all over the world. You can take your custom spaceship to explore a unique meta-universe, join or create a faction, and develop your own world.
ATLAS is the unique token of this virtual world. It runs on the Solana Metaverse blockchain and is the key to exciting new ideas and possibilities. The Solana blockchain is as fast, secure, and reliable as Ethereum, but it’s more scalable and cheaper.
You can use ATLAS Coins to purchase all the digital assets you need to immerse yourself in the Star Atlas universe, including lands, ships, crews, and equipment. You can also use ATLAS to purchase POLIS, an in-game currency needed to manage certain aspects of the game experience.