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What is the Metaverse?
The Metaverse is a blockchain-based virtual world where you can create your own worlds and objects. It is decentralized and users can buy land tokens to own land on the virtual world. This allows for more freedom and allows people to have a variety of social and gaming activities. Unlike the real world, the Metaverse is not regulated.
There are a variety of blockchain-based applications that allow users to own their own virtual land and play games to earn money. Several of the most popular ones include Decentraland, Axie Infinity, and SecondLive. Axies are non-fungible tokens in the Metaverse, and can be used to purchase virtual goods and services. They can also be used to buy and sell properties in the virtual world.
The Sandbox is another virtual world that enables players to build and own their own games. It aims to disrupt the traditional game industry by rewarding creators for participating in the ecosystem. According to CoinGecko, The Sandbox ranks among the Top 5 Metaverse projects. It represents 7% of the total sector.
In addition to cryptocurrencies, metaverse projects also make use of NFTs. These tokens allow people to buy land in the virtual world, create digital clothes, and invest their metaverse crypto. Some of the biggest companies are already implementing their own metaverses. You can buy metaverse crypto tokens from leading cryptocurrency exchanges.