CRYPTO NEWS: Bit Hotel Social-first Play 2 Earn NFT Gaming Metaverse REVIEW
⭕️ TRY IT ⭐️ https://bithotel.io/#/beta
BTH is the native token of Bit Hotel, an NFT-based social Play 2 Earn (P2E) metaverse game. It’s a BEP-20 fungible token created on the Binance Smart Chain (BSC).
The players can use BTH for purchasing in-game NFTs that contain individual components of the game, including characters, accessories, furniture, hotel rooms and more. These tokens can also be used for participating in Bit Hotel’s governance and earning staking rewards.
As the Bit Hotel game is yet to be officially launched, its market cap stood at a humble $27.5 million at the time of writing, with each BTH trading at $0.119. As per its roadmap, the game is expected to go live in the second quarter of 2022.
What is a Metaverse?
When you first hear the term “metaverse” you may not be sure what it means. In fact, if you haven’t played a virtual reality game, you might be wondering, “what is a metaverse?” It’s a world that resembles a virtual world, but is not limited to virtual worlds. People can build virtual worlds and use them for many purposes. However, the concept of a virtual world isn’t as new as you might think. Many companies are beginning to make use of the term when they announce plans to build a virtual world.
One of the most interesting examples of a metaverse is a popular video game. It’s called Fortnite, and has 350 million users. This popular game recently hosted a virtual concert featuring rapper Travis Scott, which over 12 million gamers watched. This kind of online social community is the aim of the metaverse, and it’s possible that it will be accessible through virtual reality headsets, which have become more popular in recent years.
In the future, there will be entrepreneurs providing services, content, and other goods and services in the metaverse. It’s these entrepreneurs who will create value in the metaverse. But how can these entrepreneurs monetize their offerings? Some think that the tokens can be used for psychological services, and that people can buy virtual properties or sell them for money. In fact, these tokens can be used to purchase virtual properties such as houses or stores.