Last updated on December 27, 2023
You’ve probably already heard the term “metaverse”. If not, you could hear it Facebook has changed its name to the finish line Because it plans to offer products and services in Metaverse. So what is it? In this article we will provide a metaverse guide and how it refers to cryptography.
What is Metaverse?
Metaverse is a virtual world or digital universe in which people can connect. Metaverse is still in its infancy, because virtual reality headphones are not widely available or main. However, the point is that one day people will be able to meet, work, participate in meetings and meetings, play, earn and live properly in the virtual world. Currently, there are several cryptocurrencies that help finance metabsyal cryptographic projects.
Why is cryptocurrency in 2024?
A change took place in 2020. People were forced to work from home and participate in online meetings through video. Since then, many people prefer to work from home, and companies see less reasons to force the staff to return to the office. This caused an increase in many internet and virtual companies that try to use this new era in which people remain home mainly. Games and headphone sets of virtual reality are not new, and this is not a metaverse idea, but we start to see the virtual world. The increase in this space will last until 2024 and later.
Key features metaverse cryptographic projects
Digital payments appear with the digital universe. Cryptocurrency is important because it allows people to trade peer-to-peer and eliminate banks. In Metaverse, in which thousands of 3D worlds are connected, there is no place for centralization. It’s about people connecting with others.
Crypto facilitates payments in Metaverse. If you want to buy digital land, you must buy it with Crypto. If you want to buy NFT in the game, you must buy it with Crypto. If you want to buy a virtual ticket for the event, you need crypto. With all these items, regardless of whether it is a ticket or a tie of the earth, everyone is NFT, which makes them unique and resistant to fraud. This gives value to items, thus enabling people to earn while playing games or explore Metaverse.
What are tokens and coins metaverse
There are several metaverse coins that help finance and support metabeverse crypto projects. Some of the most popular projects include games in which players can get crypto.
The most popular metaverse coins in 2021 included:
Sandbox (sand)
Sandbox is a game that allows players to create 3D games and earn their impressions. Players can use a sand token to buy and sell resources in the game and integrate them with creating games. Players can buy land, build and rent on it to increase the value of the land.
The sand was 0.09 USD in January 2021, and now it is around USD 4.49.
Decentland (Mana)
Decentland is a virtual world in which users can buy plots and earn on them. Users can rent land to others, organize events on their land, build and use the Decentland market to buy and sell items using a manna. Virtual concerts and events can take place in Decentland, and users can meet others and discover while making money.
The mana price in January 2021 was $ 0.11 and is currently USD 2.83.
Axie Infinity (AXS)
Axie Infinity is a game that allows users to buy, sell, grow and fight creatures called Axies. Each Axie is unique, and users can get tokens by winning battles with other players and fulfilling tasks with their axes. Players can also choose axle breeding and sell them.
AXS traded for 0.6 USD a year ago and now trades in $ 70.
How and where can Canadians buy Metaverse Crypto?
You can buy Crypto Metaverse coins on popular cryptographic exchanges, including Binance and Crypto.com. See our best stock exchanges in Canada to get help in choosing a good cryptographic exchange.
To buy Crypto Metaverse coins at Crypto.com, just register your account.
After verification, you can make a deposit to your Fiat portfolio. Crypto.com makes Canadians easier because it supports interactive transfers.
- Go to your account
- Choose the FIAT wallet
- Select a transfer
- Choose a deposit. If you haven’t done it yet, choose “configure the new currency” and choose Canadian dollars.
- Then you will receive instructions. You will see the e-mail address to which you need to send a deposit, as well as the reference number that you should provide in the message when performing E.
- Go to your bank and make an e-Transfer. After completing, the deposit should reach quickly, but the processing may take up to 48 hours.
- When the money is in the FIAT portfolio, you can search for a metaverse coin you want to buy.
- On the main screen, select “Trade” and then “Buy”. You will see a list of cryptocurrencies. You can search for the one you want on the search bar. Choose a coin you want to buy and then see the purchase options. Hit the “Fiat portfolio” upstairs. Now you can adjust the number of coins you want to buy. Take steps to confirm the purchase. The application may ask you for a password or biometry.
After purchasing, the coin will appear in your cryptographic portfolio.
Should I get involved in Metaverse?
Metaverse is just beginning. We believe that getting involved in it now, or at least getting to know this, is a good choice to make. Many famous companies are involved in Metaverse, not just cryptographic projects. Facebook renamed the finish line, which shows how they seriously treat Metaverse. Facebook plans to create products and services that allow people to connect in Metaverse, and we think that other companies will soon take place.
