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Facebook, Microsoft, and Activision Are Entering the Metaverse
Several big companies have announced plans to enter the Metaverse space. They include Facebook, Microsoft, and Activision. These companies will be investing in technology that will bring an immersive experience into the real world.
Metaverse is a virtual world where people can interact with each other in an immersive and persistent way. Users can enter the world through virtual reality headsets and accessories. These devices allow people to play games, watch movies, browse the shelves at the grocery store, and more.
In the virtual world, users will be able to buy a virtual land and then monetize their time. Players can build Axies, which are non-fungible tokens. They can breed Axies, engage in matches, and stake their Axies for prizes. Axies are designed to be used in specific environments within the Metaverse.
Axies are constructed from over 500 body components. They can breed up to seven times. These Axies can then be sold on a gaming platform.
The Decentraland platform is one of the most popular metaverses in the market. It uses the Ethereum blockchain to allow players to monetize their time within the Metaverse. It has already established a community.
The Sandbox is a subsidiary of Animoca Brands, which is a tech company that produces a variety of online video games. It was popularized by rapper Snoop Dog. The company has raised $810 million in funding in the past two years. It has partnered with Sequoia China, Winkelvoss Capital, and Soros Fund Management.