Bryan and Justin of Meta Money are here to bring you the latest in the realm of the metaverse, covering the top metaverse coins, land sales and news pertaining to this ever-developing section of crypto.
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What’s Next for the Metaverse?
A metaverse is a shared digital space where users can do anything they want. In this space, people can engage in virtual world activities like art creation and virtual currency. They can also interact in social networks, create 3D avatars, and take extreme physical actions. It sounds like a fantastic world, and it may just be the next big thing. What’s even better is that it’s decentralized. Whether you like it or not, the metaverse has many uses.
Currently, there are several forms of the metaverse. Most popular among gamers, it’s used for socializing, cryptocurrency trading, and social media. One such example is Decentraland, where people can buy digital real estate and build, rent, and advertise in the virtual world. Another type of metaverse is Axie Infinity, a game inspired by Pokemon. Axies are used in player-vs-player battles in this virtual world.
Facebook is one tech company at the forefront of the metaverse, and the company has changed its name to reflect its direction. Facebook is a social media site and has invested heavily in virtual reality. In addition to social media, users will be able to make money from the metaverse. While the company’s current business model is highly dependent on user interaction and the use of virtual assets, the metaverse has many applications, including virtual currency, social media, and language processing.
While the company has raised a total of $810 million in funding in the past two years, Animoca Brands has garnered a unicorn status. It has signed deals with top VC firms such as Liberty City Ventures in New York, Winkelvoss Capital, Soros Fund Management, and Boyu Capital. Its latest round of funding raised $360 million in January, and is valued at $5 billion. So, what’s next for Metaverse?
