3 Metaverse Cryptocurrencies to Buy When Decentralized VR World Begins to Thrive
The term 'Metaverse' has been revived on the Internet with the help of Facebook, which recently announced that it would change its name to Meta, which builds a social VR (virtual reality) platform for users.
There are many metaverse cryptocurrency projects that do things very similar to meta, but in a more decentralized way because the meta-universe is not controlled by a single entity like meta.
Because of this, as digital cryptocurrencies are connected to social blockchain VR platforms, both the internet and funds have invested heavily in this field, and they will have the final say on how businesses in the metaverse field will be managed and controlled.
One of the reasons these VR projects are so popular is that people can be anyone and do whatever they want inside of them. They have endless possibilities, and big companies like Facebook (Meta) see this as the next evolution of social interaction for years to come.
Meta vs Decentralised Metaverse
One of the reasons we see people changing Facebook's name to Meta is because they're still running the social platform as before. This only exacerbates the hostility of large corporations to maintain their own chains of power rather than sharing de facto control of the platform with users. Meta claims to be a metaverse, uses the illusion of choice for users, and claims to be a social VR platform, but can't really decide how users will look or endure.
During the time you spend on the platform This speaks to Metaverse’s decentralized cryptocurrency project, which actually allows users to decide the fate of the platform themselves using a decentralized governance system. This gives users the real freedom to submit their own proposals, where other users vote for them and consensus determines whether they are accepted or not. The last word is not a developer/company, it is a powerful tool to spread power to many people.
When used in conjunction with blockchain technology, we are rewriting the book of authority on the future of the platform: who should occupy themselves. Here are 3 options that I think are the best meta universes to add to your portfolio. The cryptocurrency project Decentraland (MANA) is one of the most popular and long-lasting projects on the metaverse.
It is a social VR platform that combines the social aspects of VR with blockchain technology to provide completely transparent and fair project management. Within the platform itself, it has its own currency called MANA, which not only creates its own economy within the secrecy of the digital platform but also provides a transition to the real world that provides real income to the user base.
Users can create an avatar that they want to be, visit virtual places like casinos, different parts of the world, and play VR games with other users. On the platform, users can earn real money through one of the popular methods such as buying and selling land designated for auction. Users can also buy and sell NFT products on the MANA Decentraland Digital Marketplace.
The Sandbox (SAND)
Sandbox is a project similar to Decentraland in that it is a virtual world where users can buy and sell food, land and real estate. Users can also socially interact with other people and enjoy the virtual world together. Sandbox has an impressive list of partners/sponsors that encourage growth in the user experience, such as music industry celebrities like Snoop Dogg and Deadmau5.
They also have well-known shows like The Walking Dead promoting their games. Compared to Decentraland (MANA), Sandbox's market capitalization is less than 50% ($2.3 billion) of MANA's $5 billion market cap, with great potential for future growth as the project matures and matures. in Decentraland
JEDSTAR DECO and GameFi
Third, it is a much newer cryptocurrency project that has been selected as the project with the highest growth potential compared to Decentraland and Sandbox.
JEDSTAR is a DeFi (Decentralized Finance) and GameFi (Game Finance) project that aims to bridge the gap between cryptocurrency and fiat finance (USD/GBP). They have KRED, a new token to be used for the upcoming Collectible Card Game (CCG), MMORPG Metaverse (massively multiplayer online role-playing game), the NFT gaming marketplace and their latest partnership with Skill Gaming. World's first model CAAS ("currency as a service").
This CAAS will allow for much wider adoption of cryptocurrencies without breaking through the usual fiat-to-crypto loop. They are implementing KRED in an initiative called STARDOME, which allows regular gaming platform users to easily buy and sell KRED using common payment methods commonly used in their daily life.
JEDSTAR recently announced impressive initial partnerships with Chainlink, FRAG Gaming, Remote Control Productions and Skill Gaming. The JEDSTAR team realized that cryptocurrency adoption would happen and how to get to the remaining 96% was a problem, as only about 4% of the world currently uses cryptocurrency.
Gaming is an industry home to about 40% of the world's population, and many people are already familiar with the use of gaming currency. The only problem is that the companies that use these currencies don't act like one currency to another and cannot be converted back to regular fiat currency.
JEDSTAR realized that it could easily fill this gap by using real-world cryptocurrencies as the underlying token of its Skill Gaming platform. This allows for both mass adoption and ease of use of cryptocurrencies for gamers who don't have to worry about overcoming obstacles to understanding and using cryptocurrencies.
The KRED token has not yet been released, but there is a public pre-sale on the site in November/December, where investors can reserve the token at a discount compared to the public launch price at the end of Q4.