Metaverse that term it was coined by science fiction writer Neil Stephenson in his 1992 novel Snow Crash. If you’re a fan of Sci-Fi that probably rings a bell for you so that’s just a little bit of trivia right there.
Here’s the big picture I believe that the crypto Metaverse will become a multi-billion dollar industry. It could honestly be worth that if you just look at the expansion right, the expansion relative to what’s happening in crypto, but also what’s happening to online gaming.
If you just look at online gaming it’s already worth nine figures. It’s a multi-billion dollar industry and it’s only growing even more every single year, and then if you look at other businesses different industries that are connected to it there’s a lot of potential.
I’m going to give you the 10 crypto Metaverse projects that I believe you should know right now. I’m not saying that you should buy the tokens related to it that you should invest in it, but if you want to understand more about all of the stuff that’s happening. These are things you should know it’s perfect for beginners, and if you’re experienced in the space then this is a good refresher for you.
These are the top Metaverse projects mostly by market cap, but I’m also throwing some additional projects in here that are worth understanding there’s a lot of just focus on gaming, media, and entertainment. I’ve mentioned this in previous posts, but I’m going to keep on mentioning this in the future. This is a really big segment, and I really think that you should pay attention to it.
Let’s go through this stuff again these are just brief teasers on all of this and then highly recommend that you do your own research.
This is technically been around since 2015, but it got more publicity starting from around 2017. I’m just showing the dates here it’s not necessarily when it was founded, it’s mostly when people started to talk about it a bit more, and the other reason I’m putting the dates in here is to really show you visually that you’re really early in the space.
A lot of these projects they haven’t been around even for more than a few years. The ones that I’m talking about right here they’ve been around for four or five years.
Decentraland obviously one of the older ones but the other ones there’s a lot that have been launched this year so I’m trying to really stress the point right here. You’re very early.
Especially for the crypto Metaverse you’re really really early, so don’t ever think that you’re late. There’s always a lot of time to get in in whatever way you want if you just want to play or if you want to Axie make some money in this there’s a lot of potential here.
Decentraland why is it special the first and most established Metaverse built on the Ethereum blockchain.Decentraland (MANA): One Crazy NFT Project!NFT world grows up very fast and getting more popular day by day. MANA is one of the major projects in the virtual…medium.com
MANA that’s your token, so MANA is burned or spent in exchange for land parcels. Land is a non-fungible digital asset maintained in an Ethereum smart contract. This is a really big thing right there is going to be a finite amount of land relative to all of these different worlds that are being built lands worlds, galaxies, universes, alternate realities, and if it gets more popular there’s gonna be a lot more demand.
If you’re looking at the financial aspect of it it could be a good investment for you. I’m going to talk about more what you can do in terms of investment opportunities in future posts, because this is an entirely different topic but that’s what you should know about Decentraland.
This is divided into a total of 90,000 parcels of land. They had pre-sale rounds a while ago it sold out in hours. It was like three to five hours everything pretty much just sold out they did it in spurts right they just did it back to back essentially a lot of demand for this.
I consider Decentraland to be the classic, OG player of the Metaverse whenever you’re doing research in this if you just really go back in time Decentraland pops up a lot. I’m putting this on your radar so you really understand what they’re doing here, it’s always going to be referred to as one of the early players in the space.
What’s the other one again these are no particular order it’s just when I did the notes and how I compiled it there’s no preference I’m giving to any of this stuff.
Really got big in 2019 and then of course it got more popular lately why is it special well the founders they come from an IOS, Android App background they come from that World, and I think this is really special because it could signal a new shift from mobile app gaming to Metaverse gaming.
I know that there’s a lot of people that play mobile app games, of course everyone plays. It you know at least someone who plays it maybe you play it yourself, I believe that we’re just at the beginning of actually transitioning mobile app users to Metaverse app users, and then of course they can go into VR headsets, desktop, consoles things like tha,t but there’s a big user base very active. Read More…
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