The word 'metaverse' catapulted into the collective consciousness of the world after Facebook recently announced it was rebranding itself as Meta. The renaming was undertaken as a nod to the term metaverse, which has been discussed in tech circles as the next big revolution after the Internet.
Simply put, the metaverse is the creation of a virtual universe where avatars of human beings will be present through technology. Such metaverses can be created by various companies for various reasons: entertainment, education and business.
The metaverse embassy, which is scheduled for launch in January next year, will include identifying and purchasing land, developing facilities to provide services such as "e-visas", architecting the virtual embassies and constructing a "teleporter" that will allow users to transport their avatars between the various worlds, per a Coindesk report.
Below are the top three metaverse projects.
Decentraland
Decentraland is a virtual reality platform where users can buy, sell and manage virtual property called LAND and other NFTs using its native cryptocurrency MANA (based on the Ethereum blockchain). MANA can be purchased on exchanges like WazirX. Since Facebook’s rebranding as Meta, MANA’s price has risen fivefold.
Sandbox
Sandbox, a play to earn metaverse, allows users to buy and sell land and other assets using SAND cryptocurrency. The Sandbox Alpha is expected to launch on November 29. It is expected to have around 5,000 games by the end of 2021 with funding from the Sandbox Foundation.
As Metaverse are booming, you can also invest in Metaverse by experiencing the Metaverse NFT Marketplace Development which includes launching metaverse NFT Games such as Decentraland, Zed Run and more using Decentraland Clone Script, Zed Run Clone Script,etc.,.
Citation : cnbctv
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!