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Metaverse – The Future of Gaming and Crypto Tokens
Metaverse is a technology platform that enables gamers to play games and earn crypto tokens. The platform is rapidly gaining market share. The company has raised $810 million in the past two years from investors including Winkelvoss Capital, Soros Fund Management and Sequoia China. This month, Temasek and Boyu Capital will add another $150 million. As of January, the company is valued at $5 billion.
The Metaverse is a virtual world where players can meet other people and engage with each other. It is a future iteration of the Internet where players can share virtual spaces with other players. Animoca Brands, the company that owns CryptoKitties, is a major investor in the company. It also owns Dapper Labs, creators of NBA Top Shot.
Entrepreneurs are the driving force behind Metaverse. They will build virtual worlds, create content, and offer useful services. To ensure their success, they will need to create a way to monetize these services. For example, online cinemas could issue tokens for the right to view a movie. Tokens could also be used to attend events and close clubs.
Blockchain-based gaming apps are also becoming increasingly popular in the Metaverse. Games in these virtual worlds may be played for free or for a price. In addition to earning virtual coins, users can also earn real-world currency by playing games. Decentraland, Axie Infinity, and SecondLive are among the most popular of these games.