With sizeable holdings in our major coins that we like already while still keeping 40% of our capital on the sidelines, it’s time to add some strategic plays. We decided to add APT, NEAR, and QNT to the portfolio.
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What is the Metaverse?
Metaverse is a virtual space where users can interact with each other by using an online avatar. This allows the user to move around freely, speak, and act. The user can also own virtual property and sell it. It is possible to exchange this virtual property for non-fungible tokens. This allows users to create multiple identities and use them as part of the community.
Some of the popular metaverses are Decentraland and SecondLive, which use the Ethereum blockchain. They are built on decentralised software and allow users to purchase property in the virtual world. Users can also play games in order to earn money. In Decentraland, a blockchain-based gaming platform, users can also create and manage their own virtual world.
Facebook recently rebranded to Meta and the price of Metaverse tokens soared. Microsoft has also announced plans to enter the metaverse space. The company has created a virtual city based on Minecraft. The city has 70 plots and allows owners to develop different types of businesses. This new feature enables users to make money while playing their favorite games.
Facebook’s founder, Mark Zuckerberg, described the concept of a metaverse as the next chapter of the internet. It opens up new vistas of possibilities, providing a place to do whatever you want, whenever you want. People can meet up with other users, work or play, buy and sell, or discover new ideas in the virtual world. The metaverse is an increasingly complex system that includes a marketplace, servers, digital assets, and language processing.