The metaverse is a permanent, online, three-dimensional ecosystem that connects several virtual worlds. Users will be able to cooperate, meet, play games, and interact in these 3D worlds. It’s an upgraded version of the internet.
Cryptocurrencies are a natural fit for the metaverse. They enable the formation of a digital economy based on multiple non-fungible tokens (NFTs) and virtual assets. The adoption of crypto wallets like Trust Wallet and MetaMask would also benefit the metaverse. Blockchain technology may also be utilised to establish transparent and reliable governance frameworks.
Existing blockchain and metaverse-like apps provide people with sufficient income. Many individuals use Axie Infinity to augment their income as a play-to-earn game. SecondLive and Decentraland are two other successful examples of merging the blockchain realm with virtual reality apps.
Although the metaverse as a whole does not yet exist, numerous platforms contain metaverse-like features. At the moment, video games provide the most realistic metaverse experience. Developers have stretched the bounds of what a game can be by staging in-game events and creating virtual economies.
Big tech leaders are trying to chart the route for the future. The blockchain industry’s decentralised nature, on the other hand, allows smaller players to participate in the metaverse’s expansion.
