The virtual economy is taking firm and advanced steps every time, making it more and more common to see transactions in value of a Bitcoin that allow us to acquire goods and services without using the Fiat money modality.
It may be that many people have not yet adopted or are aware of the subject of cryptocurrencies, but it is necessary to study them due to the social and financial impact they have.
The lack of support that these digital currencies have is why many countries and corporations have not adopted them in their economies. Still, the interest in them is a situation that is present and latent.
On this occasion, the topic will be cryptocurrencies and the Metaverse. These two concepts come together in this digital age to strengthen each other, thus building a dynamic digital economy with the interrelation of its users.
The Metaverse took off in 2021 when platforms like Facebook began to be part of this new virtual reality proposal. As a result, various daily activities can be carried out under a 3D platform.
Why does the Metaverse arise?
Just as social networks came to encourage the use of computer applications that allowed a sure way to connect people from anywhere in the world, breaking down cultural, religious, geographical, social, and economic barriers, now comes the Metaverse.
The Metaverse is the answer to the constant search of the human being to experience what a parallel or virtual life represents, where you can access any good or service just like in reality but without so many prejudices and social demands.
It consists of offering its users the possibility of leading a virtual life, having at their disposal all the comforts that exist in the real world, in which finances and creative activities are what will mark the success of avatars in this 3D world.
The objective of the Metaverse is to create an extension of real life, where, through state-of-the-art equipment, a new reality can be experienced through vision and hearing in a completely virtual world.
This new platform constitutes an instrument to promote the use and management of cryptocurrencies; both technological tools seek more excellent positioning and a beneficial impact on technology and finance.
The virtual currencies of the Metaverse
Although more and more people are joining the cryptocurrency exchange, this type of financial instrument bases its use on short-term or long-term investments.
The companies that have begun to create payment platforms from the Blockchain where goods and services can be purchased with cryptocurrencies are still very few since they are innovating in the future of digital payments.
In the Metaverse, the only way to acquire goods and services will be to adopt a financial system based on cryptocurrencies and crypto actives since it is intended to make an official and legitimate market only for the Metaverse.
Although the future of the Metaverseindicates that it will have multi-million dollar investments, it is also uncertain to what extent it will impact the lives of its users.
On the other hand, we also find NFTs, which have been causing an impact on the entertainment industry.
While all these changes become part of our daily lives, cryptocurrencies are already being prepared. Below, you will learn about some of the currencies that are already part of the platforms that simulate the Metaverse.
Each virtual world or Metaverse independently has its tokens that can be easily exchanged for Fiat currencies; some of them also use NFTs as a means of purchase.
It constitutes one of the decentralized metaverses that offers its users the possibility of acquiring virtual plots of land and whose token is called MANA
- Axie Infinity
Virtual game in which characters called Axies are bought, exchanged, or sold, which must be raised by their users, they are monsters in the form of NFTs, whose primary function is to fight against others to achieve rewards in the form of AXS, the cryptocurrency token of this 3D world.
Metaverse that works under the Ethereum blockchain, which has its token called SAND; in this virtual world, activities similar to that of Decentraland are carried out, only that it has received greater participation by entertainment figures and companies.
- Theta Network
It is considered the video transfer platform, where its users, viewing these visual resources, can earn rewards and profits in the form of the Theta token.
It is the time for technology to shine; we have reached the point where the options have diversified in terms of how to obtain income; it is there where all these virtual worlds begin to position themselves due to their popularity.
Cryptocurrencies are taking more space; it is a matter of being attentive and updated regarding the changes that come at the financial and technological level with these two innovative tools.