What is Metaverse?
Metaverse is a virtual space created from the Internet and supporting tools such as virtual reality (VR) and augmented reality (AR), which make virtual experiences more lifelike.
This term has become the latest buzzword after Mark Zuckerberg announced that the social site Facebook would become a Metaverse.
Metaverse in the cryptocurrency market
Metaverse will use both the core technology and Blockchain technology, a decentralized and open-source platform. Metaverse stocks could be the next huge investing opportunity for investors.
Metaverse can provide new opportunities for future creators and gamers (such as NFTs, in-game items, etc). Crypto will be the only currency in Metaverse, with all virtual properties and intangible items are represented by NFT.
The magnitude of cryptocurrency in Metaverse
Every society has its own economy and Metaverse’s economy is based on cryptocurrency. Although Metaverse is a virtual world, connection and interaction in this world are real. For that reason, within the Metaverse will be the demand to deliver permissionless identity, financial services, and high-speed exchange. Cryptocurrency plays an indispensable role in building a safe, modern, transparent, and decentralized economy in Metaverse.
Metaverse’s main features
Sustainability: The ability to preserve and make inexorable advances in services or ecosystem.
Immersion: Show how realistic Metaverse is compared to the physical world.
Openness: Users can connect or disconnect at any time and be creative without any limitation.
Economic System: Users can exchange assets between the physical and virtual world, accumulate and increase their assets.
5 most potential Metaverse projects to watch
In this article, we’d like to highlight a few metaverse projects that have recently seen significant growth.
This is an Ethereum-based virtual reality blockchain platform, a place where users can purchase, build blocks, and monetize virtual items by using MANA tokens. In addition, participants can explore the big map to interact and trade with others or charge fees for user-generated content.
Sandbox is also an Ethereum-based Metaverse and gaming ecosystem where players can create, share and monetize in-world assets and gaming experiences. SAND is the utility token used in this world. Sandbox aims to make Blockchain mainstream in the gaming industry and attract cryptocurrency enthusiasts and gamers by offering many benefits like real-world asset ownership, profit generation, and connection.
Bit Country (NUUM)
This platform allows participants to build their own communities, set specific rules, or provide tokens to encourage others to follow and interact. Bit.Country includes 2D social media (like Twitter or Subsocial) and 3D gaming platforms (like Decentraland) with VR visualization in the future.
Star Atlas (STAR)
This project is the next-gen gaming metaverse emerging from the confluence of modern blockchain technology, real-time graphics, multiplayer video games, and decentralized financial technologies. Real-time graphics technology allows for cinematic quality video game visuals. Blockchain technology using the Solana protocol established a largely serverless and secured gameplay experience. NFT tokens obtained and traded within Star Atlas create an economy that replicates the tangibility of real-world ownership.
Yield Guild Games (YGG)
The main purpose is to build the biggest virtual world economy and optimize its community-owned assets for maximum utility. This is a perfect combination between NFT and Defi. This project brings yield farming to the game economies world while adding value to this virtual world by developing the content and economy of these games.
In addition to these, there are some other popular projects you might already know or want to follow such as Axie Infinity, Aavegotchi, Enjin.