What is Metaverse crypto? Are they useful or not
Metaverse (a portmanteau of “meta-” and “universe”) is a hypothesized iteration of the internet, supporting persistent online 3-D virtual environments through conventional personal computing, as well as virtual and augmented reality headsets.
Current metaverse ambitions are centered on addressing technological limitations with modern virtual and augmented reality devices as well as expanding the use of metaverse spaces for business, education, and retail applications. Numerous entertainment and social media companies have invested in metaverse-related research and development.
What is Metaverse Crypto
Currently, the Metaverse crypto term has re-emerged on the internet because Facebook has announced the name change of their company to Meta and they will construct a Virtual Reality (VR) social platform for users.
Decentralized metaverse cryptocurrency projects that are doing just that, actually allow their user to decide the fate of the platform for themselves by using a system of decentralized governance. This allows for there to be actual freedom for the user to bring up the proposal of their own and then other users will vote on this proposal and the consenses will decide whether they are accepted or not. It is not the developer/company that has the final say and this is a powerful thing to spread power across a large group of individuals.
When used combined with blockchain technology, it will rewrite the power book for whose hand the future of a platform should be in and that is the users themselves.
Metaverse Crypto to Invest right now
Here is the list of the best three Metaverse crypto to invest
- Decentraland (MANA)
- The SandBox (SAND)
- JEDSTAR DECO and GameFi
Decentraland (MANA)
Decentraland (MANA) cryptocurrency project is one of the most popular and long-standing metaverse projects around. It is a VR social platform that combines the VR social aspect with blockchain technology to maintain the completely transparent and fair governance of this project.
Within the platform, they have their own currency which they call MANA which creates an economy of its own not just within the confines of the digital platform but a transition into the real world which provides actual income for its user base.
The user can create their own avatar where they can become whoever they would like to be and go to virtual places and even can play VR games with their users.
Within the platform, users can earn actual money from using the platform through one of the popular ways such as buying and selling land that is assigned for auction. As well as this users can buy and sell NFTs of the product on Decentraland’s digital marketplace MANA.
The Sandbox (SAND)
The Sandbox is a similar project to that of Decentraland in that it is a virtual world where users can buy and sell products, land, and real estate to earn income. It also gives the opportunity for the user to socially interact with others and enjoy the virtual world together.
Compared to MANA, SAND’s market cap is under 50%, which shows that it has a lot of potential for future growth as they develop its project and it’s mature to the age of Decentraland.
JEDSTAR DECO and GameFi.
It is a newer cryptocurrency project that we have chosen as the project that has the most potential for growth compared to MANA and SAND.
JEDSTAR is both Decentralized finance(DeFi) and Gaming finance (GameFI) project that seeks to bridge the gap between cryptocurrency and the fiat finance sector.
They have a new metaverse crypto token KRED that will be used in their upcoming collectible card game, their Metaverse MMORPG(Massively Multiplayer Online Role-Playing Game) as well as their in-game NFT marketplace, and their most recent partnership with Skill Gaming that will have a world’ first CAAS (currency as a service ) model.
This CAAS will allow for much greater adoption of cryptocurrencies without having to jump through the regular hoops of converting fiat into crypto. they are implementing KRED in the initiative called STADOME which will allow users of the regular gaming platform to easily buy and sell KRED using the regular payment methods they would normally use in everyday life.
KRED token is yet to be launched but they are holding their public presale on their site for November and December where investors will be able to reserve tokens at a discount compared to its public launch price later in Q4.
Metaverse Crypto is the latest entry into the cryptocurrency market, so investors can gain heavily by investing in such crypto.
Note: Investment in cryptocurrency is subject to market risk and readers should do their own research and due diligence. Coinexpansion does not endorse any such investment.
