With the full potential of the Metaverse, there are many ways to enter it and get a taste of the futuristic world. For years, companies have been developing variants of their own “Metaverse” based play-to-earn games on blockchain, cryptocurrencies, and global communities. However, it’s not a simple task to sort out how to access a virtual world. You might need a little guidance to be one of the first researchers to discover what an “embodied Internet” could mean for the way we live and work in the coming years. Metaverse NFTs
Do Cryptocurrencies have any role in the Metaverse?
In the Metaverse, anything can happen. And we mean anything because, to some extent, no one knows what the future holds. Users can play games to earn crypto. Today, gaming and entertainment are at the forefront because these industries have the most developed infrastructure that can be embedded and evolve in the virtual world. Their virtual economy is a significant contributor to this. There is no point in living in a Metaverse if there is no economy that can support its users’ activities. Creating easily monetizable value is an essential element of any virtual world. Remember that all kinds of activities can occur in a Metaverse, and users must have a strong enough incentive to enter and remain in it. Competition, scarcity, supply, and demand are real economic relationships that each of us understands. Metaverse NFTs
A decentralized blockchain-based play-to-earn games economic model significantly bridges the gap between gaming and the Metaverse, ushering in a new era of digital assets and money-making opportunities. Blockchain-based currencies make it possible to create securely, exchange, share and track all non-fungible tokens in a Metaverse. It seamlessly allows users to move objects between the real world and the Metaverse.
Metaverse is everywhere!
As mentioned above, several virtual worlds already exist. Video game platform Roblox has participated in meta events such as Gucci’s 100th anniversary and the opening of the NFL’s first meta game store. Its competitor, Fortnite, is no slouch and has hosted mega-successful virtual concerts by Ariana Grande, Travis Scott, Marshmello, and others. But the evolution of the Metaverse and P2E games has many aspects and is likely to follow some trends that are already emerging:
With much of the world’s population switching to telecommuting due to the emergence of the COVID-19 pandemic, online work is already a reality for many of us. Metaverse will be just an extension of this process that Facebook (sorry, Meta) has already tried to show us with Horizon Workrooms. Other companies, such as Microsoft, are following suit, and we can expect even more companies to try to send their employees to Metaverse. Similarly, Hyper League is going to launch its virtual hover racing game platform.
2. Gaming Industry
It’s fun, and you can make new friends and earn a lot of money. That’s why games like Hyper League, Sandbox, Illuvium, Hyper League and Decentraland are at the forefront of the Metaverse. With a robust social network and decentralized economy at their core, play-to-earn games platforms like these will likely attract the most Metaverse users.
In the Metaverse, leisure time can be completely different. From interaction with real users to friendship with AI-controlled avatars to fantastic virtual concerts of your favorite artists, the Metaverse takes entertainment to a new level. Sensorium Galaxy is one of the Metaverse’s out-of-the-box experiences. Created in collaboration with leading artists such as David Guetta, Armin van Buuren, and Steve Aoki, the Metaverse offers a wide range of music that appeals to a whole universe of fans. In addition to a world dedicated to music, Sensorium Galaxy will feature other content hubs, including a world for meditation and self-realization. Metaverse NFTs
How are brands entering the NFT Metaverse?
Companies are creating NFT car racing games and virtual stores where customers can view and interact with spatial or 3D products, such as jewelry, cars, or other digital goods. For example, customers can interact with AR, try makeup or sunglasses, and visualize the furniture in their homes. The virtual hover racing metaverse is booming; Hyper League the best play-to-earn game is a case in point. Snap has also joined the NFT Metaverse league, allowing users to use the AR platform to try on hats, sunglasses, and shoes.