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- 1 Metaverse is a technology that creates a whole new and advanced version of a virtual world.
- 2 Most of these metaverse platforms work with blockchain and provide an immersive experience.
- 3 Many metaverse platforms are making this technology more accessible by presenting it in a dynamic form.
Metaverse is one of the technologies that hold the key to the future. It takes virtual reality a step ahead and transports one to a whole new world. While it may look like a mere means of recreation, technology has endless possibilities.
It may resolve so many problems for several industries. By creating an artificial world around, it can help professionals and industries prepare for many things. The rising number of metaverse events is a testimony to the growing prominence of this technology.
Various platforms are bringing services related to the metaverse to the fore. They all belong to different domains and are doing their best to give a boost to the rise of AR/VR. Moreover, they have caught the attention of institutional and retail investors.
Leading Metaverse Platforms To Consider
With so many notable features, these platforms make this technology more accessible to people.
Decentraland (MANA)
Decentraland is a renowned social, virtual, and the first decentralized platform. It is known for introducing the largest metaverse currency as well. The platform’s decentralized self-governing DAO keeps its functionality impeccable on many fronts. Its users can have the privilege of monetizing their assets.
The Sandbox (SAND)
Built on Ethereum, Sandbox is the second-most popular metaverse coin. It facilitates smart contracts that represent real estate and other assets in the digital realm. Soon, Polygon’s Layer-2 option will be replacing the existing mechanism. The upgrade will boost the processing time and reduce the transaction prices.
Axie Infinity (AXS)
Axie Infinity is very popular among gamers in the decentralized space. Notably, its animal-like characters and other exclusive features have taken the niche by storm. Furthermore, the players have made significant profits on this platform. In 2021, the value of AXS coins jumped by 200%.
GALA (GALA)
Gala is a blockchain-based esports platform that enables gamers to exchange virtual goods. In addition, it brings NFTs into the play and amp up the fun immeasurably. It features some very popular games that make their tokens available here. With features like rewards, node driver motivations, and network governance, it delivers a great experience to players.
Metahero (HERO)
Metahero makes the 3D scanning and subsequent creation of characters possible. It enables the users to depict real-life objects and people for it. On top of that, they can personalize their characters with several capabilities and traits. The website is planning to include virtual reality support in the future as well.
Conclusion
Utilizing blockchain, the metaverse is making a big difference in the world. It is putting forth the vast possibilities of decentralization and virtual reality. It is gradually transforming the world and letting it optimize their jobs.
In the next few years, this technology will have more advancements. It will achieve more feats and make Metaverse more accessible to everyone. As events in the metaverse get more popular, the technology is getting more mainstream as well.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
