In this video, Bryan from Meta Money gives an excellent case for the potential that STEPN holds even outside of the play-to-earn factor.
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The Metaverse – The Next Big Thing in VR?
The Metaverse is a virtual reality platform where users can hop from one platform to another. Imagine being able to buy a Burberry shirt in one metaverse world, take your avatar in a drip to another, and invite friends to hang out at your metaverse house. This technology combines Blockchain, virtual reality, AR, and Web 3.0 into one virtual world. In the coming years, this platform will become an increasingly popular destination for many people, and it is already a major player in the VR space.
The most popular Metaverses are Decentraland, Axie Infinity, and SecondLive. These metaverses are based on blockchain technology, and the Axie Infinity cryptocurrency is the currency used on them. Axies are non-fungible tokens made from more than 500 components, and you can breed them up to seven times to sell them in the gaming world. Many users have already found Decentraland a fun, relaxing way to spend their free time.
The Metaverse uses an open-source blockchain technology to ensure true ownership of digital assets, identities, and communities. The technology also makes it possible for people to create virtual environments in which they can flaunt digital items that express their social status. With enough hype, the Metaverse could become the next big thing, and will become a second life of sorts for many users. Let’s look at the benefits and drawbacks of metaverse technology.