Everybody is talking about the metaverse now, but does anybody really know what exactly it is? If you are a gamer, you probably must have some knowledge about it.
At least about its impact on user experience, especially since Roblox, a gaming platform where you can play and create games, was first into the technology, in 2004.
But what would be the role of metaverse platforms in crypto? What would be its relevance in the space? You will find answers to all such questions here, just keep reading.
What is metaverse?
Metaverse is a digital universe created by integrating augmented reality, virtual reality, blockchain, and the internet.
This is a shared virtual space where users represented by avatars can interact with each other and virtual objects in real time, no matter where they are located.
The collective space is interconnected with each other, is evolving every second of the day, and covers a wide range of activities experiences, and environments, including entertainment, education, gaming, commerce, and work.
Metaverse works across different fields and industries and offers opportunities for innovation, creativity, and collaboration like nothing ever before.
Top metaverse platforms in crypto
Before talking about the top metaverse platforms, let’s talk about the relevance of the technology in the crypto space.
Virtual economies, digital ownership, and decentralized platforms are some of the applications of metaverse in crypto.
Both of them share certain things in common, like the underlying technology of blockchain. So, their features often overlap, like decentralization and digital assets.
However, the things they have in common as well as those that are unique to each of them work in harmony to enhance the already existing features of the cryptocurrency world, along with adding new ones.
Now, about some of the top platforms;
SANDBOX
The metaverse platform is based on the Ethereum blockchain and allows users to create and share assets, whether they are games or real-world tokenized assets.
Users can sell the assets they created including virtual plots of land and buy the ones on sale. In other words, all these are represented by NFTs, giving the creators ownership rights.
SANDBOX has its own metaverse token SAND, that the users can use to pay gas fees for the network.
Decentraland
Decentraland is a metaverse platform that mainly focuses on social interactions.
The platform is built on blockchain technology to allow interactions among people across borders through events hosted by the platform, conferences, and games, and even let them trade digital assets to monetize them.
Decentraland’s native token is known as MANA, the largest metaverse currency. Apart from socializing, the platform also allows users to monetize the content they created including virtual land.
uHive
uHive is designed as a social platform that the users can access and interact like any other social media platform, but without restraints.
The platform currently has over 1 million users and is known as the Web 3.0 social app.
The platform offers multiple channels through which users can earn money. They can use it as a social media platform where they can voice their opinions without getting monitored, earn money on the content they create or by inviting friends to the platform, and monetize their digital assets like NFTs or virtual real estate.
MetaHero
MetaHero is featured with a 3D scanning technology that can be used to represent real-world objects as virtual assets.
The technology reconstructs objects ranging from real estate to human beings into high-definition avatars.
The platform is from Pixel Vault, an intellectual development company, launched with the intention of bringing modeling technology to the foreground.
The avatars created this way can have their own personalities with capabilities and traits unique to them. They can be used in different ways, within the platform, for gaming, training, and entertainment.
The Bottom Line
Hopefully, this article has given some insights and answers to your questions like what is metaverse crypto and how it works within the crypto world.
These platforms offer a multitude of services with which the users can earn money and are featured with things like metaverse coins and 3D scanning technology to enhance user experience.
By leveraging such features of an ever-evolving technology, the crypto industry can continue to advance contributing to economic as well as social developments alike.
