Crypto Potential, Metaverse Themed

 

Currently, the Metaverse is one of the most popular objects discussed in forums, websites, and in everyday chats. in simple language Metaverse is a new digital world that upgrades the social experience of the community so that it feels more real.

Through Metaverse, users can meet directly with the people they are interacting with, both from the avatar they play, or ourselves who enter the world of Metaverse with Virtual Reality (VR) devices. Metaverse has promising prospects considering that more and more people are spending most of their time in the virtual world, both in games and on social media. Especially now, the crypto market has its own sector for this Metaverse theme.

"Recently (the metaverse theme) has gone up rapidly, and is closely related to gamefi (game play to earn) and the NFT system, where every asset in the game or the Metaverse is registered as ownership in the blockchain, and can be resold to other people. , like assets in the real world,”

Referring to Coinmarketcap, the three Metaverse-themed crypto assets with the three largest capitalizations are Axie Infinity (AXS), Decentraland (MANA), and Sandbox (SAND). When viewed as a whole, the market occupies positions 27, 28, and 39 for the largest capitalization rankings.

When viewed from the value of use and case, MANA and SAND have similarities because they provide a virtual land that can later be purchased and used by each user. Not to forget the existence of virtual avatars and Non-Fungible Tokens in it that can be used by users. While AXS, although it has a Metaverse theme, its use and case values ​​are quite different. Because AXS offers a game play to earn concept that allows users to play games and get tokens that can be exchanged for fiat money.

However, all three of them produce tokens in them that can be transacted on exchanges like crypto assets in general. At some point in the future Metaverse can be used as an investment asset like in the real world. For example, building houses, properties such as clubs or rides where visitors who come pay with tokens and these tokens can later be exchanged for money.

In addition, the land can also be used to rent billboards for brands who want to advertise. Not to mention, the potential for new entrepreneurs in the Metaverse world who employ people with virtual jobs who will be paid in the form of tokens which can later be exchanged directly for fiat money.
Now it may not be like that, but the infrastructure is being prepared. In fact, many people and brands have bought this virtual land. For example, the famous rapper, Snoop Dogg, who bought land in the Sandbox and built a large mansion in which there was a private party. Later people can buy tickets in the form of Sandbox tokens, namely SAND. There is also the famous DJ Steve Aoki who bought land in the Sandbox which will be used for concerts at the Metaverse. Furthermore, the presence of large companies in the Metaverse is also said to be an opportunity for its future development. Call it Meta (a rebrand of Facebook) which poured funds of US $ 10 billion this year to build the Metaverse.