The metaverse - a word meaning the virtual world - has become a completely new concept. Years ago, it was possible to wear virtual reality devices and sit in front of a computer in order to navigate and navigate through virtual worlds, but Metaverse offers new services. It makes it more than just an entertainment world, but rather an integrated industry that may change the world of digital currencies.
In a report published by the American "Investorplace" website, writer Brenden Rerick says that in light of the competition between technology giants to control the virtual currency industry, "Metaverse" currencies are seen as a pioneering step that opens up broad prospects for this industry.
In "Metaverse" you can go anywhere and do anything you want, and the creators of this virtual world seek to bridge the gap between the Internet and the third dimension, so that everything appears realistic. As part of these efforts, Metaverse - formerly Facebook - seeks to enhance its presence in the most thriving digital field, the world of cryptocurrencies.
While many are looking forward to the value that the giant company can add to this industry, others look with great suspicion at this step, and its impact on this world that is characterized by much freedom, and may become restricted by the rules and algorithms of the company.
Metaverse allows trading in decentralized digital currencies and various e-commerce activities, and in many cases this can be converted into real gains. Here are 3 types of Metaverse currencies, which are among the most developed cryptocurrencies.
Decentraland Network - MANA for short - offers one of the most advanced virtual platforms for those who want to integrate blockchain with communication digital social.
Mana fuels a social virtual economy, where users create an avatar and have the right to perform a range of virtual activities, such as playing video games, visiting virtual cafes or chatting.
In recent days, the network has started hosting major virtual music festivals, starting with the "Metaverse" festival. The musical event, which lasted for a few days, witnessed a real performance by a number of musicians.
Dicentraland offers its users the opportunity to buy and sell virtual lands in Metaverse, and non-fungible items can be offered for mana.
This network was launched in 2015, and it turned into a 3D platform in 2017, and it has gradually developed in technical and financial terms. In recent days, Sotheby's has bought a virtual plot of land on Decentraland and re-established its headquarters in Metaverse.
Like Disentraland, the Sandbox network - SAND - is a virtual world in which users can create games, sell goods, communicate and entertain.
Sandbox users can buy and develop lands, and through these virtual activities, real income can be generated using the Sand currency.
The sandbox map, a graph with the Cartesian coordinate system, shows the largest hypothetical landowners. The network's largest partners include video game developer Atari, and big music names such as Snoop Dogg and Deadmau5.
Currently, the market value of the "Mana" currency from the "Dicentraland" network is $ 4.5 billion, compared to $ 2.4 billion for the "Sand" currency, but the pace of investments is accelerating, including an investment from the Japanese "SoftBank" holding company in the amount of $ 93 $1 million, could pave the way for Sandbox to overtake Decentraland as the largest network in the Metaverse.
The author says that the "Enjin" currency is the most diversified of the three "Metaverse" currencies, as it mixes "blockchain" games and the world of "Metaverse" in a unique hybrid product.
The "Engine" network differs from "Dicentraland" and "Sandbox", as there are no plots of land for sale, and you cannot roam within them virtually.
Engine, on the other hand, offers a wide variety of games where you build combinations of non-fungible tokens and use them to beat other players.
Engine has grown in popularity in the recent period, mainly due to the Efinity Fund, a non-fungible token generation platform linked to the main Engin network.
With its new investment of $100 million in Infinity, the platform hopes to strengthen its presence in the cryptocurrency world.
In line with the ideology of blockchain pioneers, Engin believes that the future of Metaverse is decentralized, but this is in stark contrast to Facebook's policies, as the author puts it.
Thanks to its attractive offers, large capital and wide user base, Engin offers an exceptional product in the world of Metaverse.
