What is the Metaverse?
The Metaverse is a virtual place where everyone can create, share, and trade virtual properties. Users will use an online avatar to interact with other users in the metaverse. The avatar allows the user to freely move and speak. It also allows the user to purchase and sell virtual property using non-fungible tokens.
It is free to join, and you can use a debit or credit card or bank transfer to make purchases. You can also use Apple Pay and Android Pay to pay. AXS tokens are native to the Metaverse, which means you can use them to access interactive applications and pay for goods and services. You can also use them to invest in more properties.
The Metaverse has received significant support from gaming brands like Atari and tech investors. It has also partnered with Lionsgate, who wants to create a “Hellboy”-themed metaverse destination. The Metaverse is hosted on the Ethereum blockchain, which offers top-notch security but can also lead to high gas costs. The Metaverse has a powerful editor that allows you to make your own virtual worlds.
It has also attracted investment from Index Ventures, a European private equity fund focusing on the later stages of startup development. Its investments include Trello, Farfetch, and Revolut. The fund has a specific focus on streaming platforms and virtual worlds.