The metaverse has been a hot topic of conversation recently, with Facebook and Microsoft both staking claims. But what is the metaverse? And when will it get here?
“Right now, we are on the cusp of the next internet” and all actions are going digital. To have an authentic digital identity it is very crucial. Is Metaverse letting us do that? Let’s discover
Table of Contents
What Exactly is Metaverse ?
It’s a combination of multiple elements of technology, including virtual reality, augmented reality and video where users “live” within a digital universe. Supporters of the metaverse envision its users working, playing and staying connected with friends through everything from concerts and conferences to virtual Games and trips around the world.
When can we expect to see it?
Mark Zuckerberg, the CEO of the newly named Meta (formerly Facebook), estimates it could take five to 10 years before the key features of the metaverse become mainstream. But aspects of the metaverse currently exist. Ultra-fast broadband speeds, virtual reality headsets and persistent always-on online worlds are already up and running, even though they may not be accessible to all.
What are some examples of it?
The crypto gaming sector and the evolving play-to-earn (P2E) framework clutched with Blockchain and Metaverse is the potential future. Moreover, Reputed Blockchain game firms, major institutional investors, and NFT creators have been looking to annex plots in the Metaverse. However, MANA and SAND, the chief virtual world tokens, remained saviors of the falling global crypto cap over the past two weeks.
VLaunch: This is a metaverse project that has been creating immense hype in the crypto ecosystem. Also, VLaunch is supported in Ethereum, Binance Smart Chain, Phantom, and Polygon blockchains.
The total supply is at 50 million with a deflationary mechanism. Also, The token’s nesting period is locked for 12-months, advisory tokens are also locked for 12-months. And community tokens are unlocked. The platform hosts major prominent investors holding the asset.
Crypto v/s Zombie
It is a crypto tower defense game, which requires players to multitask in offensive and defensive modes. It is based on the unique play to earn and competition to earn models. This is the first competition to earn a competitive tower defense game built on the Balance Smart Chain.
Legends Of Elumia
The metaverse project enables users to collect, create, and play NFTs. It is built on the Solana network, for quicker, less expensive, and more secure transactions.
The NFT characters and goods are available for purchase, play, and exchange. Tokens for governance and in-game money development are now underway with a fully functional server and game infrastructure.
Pacific NFT: Pacific NFT is a decentralized NFT marketplace, as well as a custodial platform for metaverse and gamefi assets. The platform is Initial NFT Offering, it combines with IDO. The platform gives a crowdfunding alternative for companies looking to raise funds and effectively manage their communities.
It enables users to create their own decentralized NFT exchange, which is a pacific store. That will allow developers to use a blockchain-based digital asset application to develop related dApps. overall, The platform hosts feature such as Browsing, Ranking, INO, Wallet, and more.
Polkacity (POLC):
PolkaCity is an advanced contract-based NFT platform that enables users to invest in virtual assets through a virtual landscape. The platform has recently announced a strategic partnership with FerrumNetwork. The ecosystem would be merging with Ferrum’s staking technology to accelerate their approaching metaplot sale.
The POLC price has undergone a prolonged bearish move over the past four months. Yet the altcoin has managed to quickly align with a trend post-Facebook’s rebrand to Meta. It has surged by more than 200% to reclaim its previous ATH of $2.89 on November 3rd. However, the POLC price appears to have generated a descending triangle pattern. In the case of bearish dominance, the asset would plummet between $0.6 to $0.8.
Nakamoto Games (NAKA):
Nakamoto Games has been a play-to-earn gaming firm that enables an effective gaming experience. The ecosystem has introduced the branding for the NAKAVERSE on November 21st, 2021. The $NAKA token holders would be allowed to acquire virtual space in NAKAVERSE to develop and monetize their gaming experience.
Nakamoto games have been one of the young and promising projects shown positive signs of price momentum since its advent. Post claiming an ATH of $7 on the 31st of October, the NAKA price appears to be gaining strength within the $3.5 to $4 zone. If its upgrades pass in appealing to the larger user base, then it would continue to generate new higher highs.
Sin City Metaverse (SIN):
The protocol has been a social play-to-earn platform built on Blockchain technology. The ecosystem is occupied with constant liquidity pool staking programs. In its recent pool conduct, a total of 10.4 million tokens was staked, and 2.2 million total volume locked was sold out. The platform is ready with a blockchain map to host the biggest land sale event in December.
The SIN price has oppressed the bearish rule post the trend reversal to Meta. Further, the price has reached a crucial resistance zone of $0.3476 with 11.87% gains round the clock. Once the scheduled upgrades go live, there are high probabilities of SIN price to claim new ATH.
Polkawar NFT (PWAR):
Polkawar is a decentralized cross-chain game creating a lot of media buzz about its functionalities. The fighting game platform has recently announced its collaboration with Dragon Land. In addition, the platform has further partnered with MeLand.ai to allow users to build and monetize their gaming experience in the Polygon blockchain.
The asset has seen exponential growth post the trend reversal to Meta. The asset seems to take a short breather post claiming a new ATH of $1.06 on 16th November. A further boom in Metaverse mania would take PWAR price in pace with it.
However, Play-to-Earn (P2E) games are just evolving, they promise sustainable growth in the crypto space for a long time. Collectively, the Sandbox and Decentraland were traders’ favorites in the recent rally of the Metaspace. Meanwhile, the aforementioned protocols further display the identical attributes to soar higher. Moreover, the same projects were backed by one of the crypto proponents.