Metaverse has been around for a while, it just started gaining much traction as soon as Mark Zuckerberg announced he will be fully invested in it. The idea has been around for decades, mostly written as Sci-fi novels or acted as film. The fiction has now become reality, although still in it's early stages. It is widely believed that metaverse will be the natural successor to the mobile Internet.
It is coined from the words "meta" and "verse" which means beyond and universe respectively. The mobile Internet (world wide Web) is a nexus of connected websites, metaverse will be the collection of interrelated virtual worlds as it is the future. Three realities are expected to be merged together with the real reality; virtual reality (VR), augmented reality (AR), and extended reality (XR).
It will be possible to interact with people, work and play in the metaverse through the use of avatars. It is obvious that there will be a lot of digital items to be used in navigating and also interacting in the metaverse. This means that there will be loads of opportunities when it comes to business as this is another world entirely. It is expected that the cryptocurrency to be used as a means of exchange as it is far trusted than fiats.
This is a top reason why those present in the blockchain and crypto space should be looking to start investing in metaverse. Crypto enthusiasts can invest in metaverse in two unique ways: Virtual world tokens and Metaverse NFTs
=> Virtual world tokens
These tokens can be described as digital tokens linked to the virtual reality industry. These tokens can be used by users to buy avatars and other in-game collectibles, even lands can be purchased using virtual world tokens.
A typical example of a virtual land token is Decentraland's $MANA. Decentraland is the largest virtual world in the NFT space and it is a platform where users buy land, play games with each other and also interact with each other. MANA is it's native utility token that is used for transactions.
=> Metaverse NFTs
Acquiring NFTs in blockchain-powered metaverses will be a smart move. Cryptoassets will definitely play a huge role in the development and adoption of the metaverse. As Metaverse involves the collection of many worlds, it is obvious that users will have the need to move their assets or avatar as the case may be from one world to another.
This shows that there will be use-cases for NFTs and investing in them is a good idea. The Sandbox which is a virtual world is already making it a possibility to acquire virtual parcels of land and building using NFTs.
OKEx, a world leading cryptocurrency exchange, provides the liquidity for traders to trade $MANA, $SAND and also have a marketplace for NFTs. The crypto exchange believes in the future and offers its users the opportunity to invest in it.
A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks.
We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.
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