“Metaverse” – a word meaning virtual world – has become a whole new concept, as years ago it was possible to put on virtual reality equipment and sit in front of a computer to navigate and navigate virtual worlds, but ” Metaverse ”offers new services that make it more than just a world entertainment, but rather an integrated industry that can change the world of digital currencies.
In a report published by the American site “Investorplace”, writer Brendan Rerick says that in light of the competition between technology giants to dominate the virtual currency industry, “Metaverse” coins are seen as a pioneering step that opens broad prospects for the industry.
In “Metaverse” you can go anywhere and do whatever you want, and the organizers of this virtual world seek to bridge the gap between the internet and the third dimension, so that everything looks realistic. As part of these efforts, Metaverse – once Facebook – seeks to strengthen its presence in the most prosperous digital realm, the world of cryptocurrency.
Metaverse allows decentralized digital currency trading and involvement in various e-commerce activities, and in many cases this can turn into real profits.
While many look forward to the value that the giant company can add to the industry, others view this move with much skepticism and its impact on this free world, which may be limited by company rules and algorithms.
“Metaverse” allows decentralized digital currency trading and various e-commerce activities, and in many cases this can turn into real benefits. Here are 3 types of Metaverse coins, which are among the most developed cryptocurrencies.
Decentraland offers one of the most advanced virtual platforms for those who want to integrate blockchain with digital social communication.
Mana promotes a virtual social economy, where users create an avatar and have the right to perform a variety of virtual activities, such as playing video games, visiting virtual cafes or chatting.
In recent days, the network has started hosting major virtual music festivals, starting with the Metaverse Festival. The musical event, which lasted for several days, witnessed a real performance by a number of musicians.
The DeCentraland network offers its users the opportunity to buy and sell virtual land in Metaverse and immutable items can be offered for Mana currency.
Launched in 2015, this network turned into a 3D platform in 2017 and gradually developed from a technical and financial point of view. In recent days, Sotheby’s has purchased a virtual plot of land in DeCentraland and re-established its headquarters in Metaverse.
Similar to DeCentraland, the Sandbox Network (SAND) is a virtual world in which users can create games, sell merchandise, communicate, and have fun.
Sandbox users can buy and develop land, and through these virtual activities, real income can be generated using Sand currency.
The Sandbox map, a graph with a Cartesian coordinate system, shows the largest hypothetical landowners. The network’s biggest partners include video game developer Atari and big music names like Snoop Dogg and Deadmau5.
The Sandbox Network is a virtual world in which users can create games, sell merchandise, communicate, and have fun.
Currently, the market value of the “Mana” currency from the “Decentraland” network is $ 4.5 billion, compared to $ 2.4 billion for the “Sand” currency, but the pace of investment is accelerating, including an investment by the Japanese company Holding. The $ 93 million SoftBank could pave the way for Sandbox to overtake DeCentraland as Metaverse’s largest network.
The author says that the “Enjin” coin is the most diverse of the three “Metaverse” coins, as it combines the “Blockchain” technology games and the “Metaverse” world into a unique and hybrid product.
The “Engine” network differs from “Decentraland” and “Sandbox” as there are no plots of land for sale and you can not roam within them by default.
In return, ENGIN offers a variety of games, based on forming non-interchangeable argument combinations and using them to defeat other players.
The Engine Network has grown in popularity in recent times, largely due to the Efinity Fund, a platform for generating immutable arguments connected to the Engine’s main network.
With the new $ 100 million investment in Infinity, the platform hopes to strengthen its presence in the world of cryptocurrencies.
Consistent with the ideology of the blockchain pioneers, Engine believes that Metaverse’s future is decentralized, but this is in stark contrast to Facebook’s policies, as the writer puts it.
With its attractive offers, large capital and wide user base, Engine offers an exceptional product in the world of metaverses.