Metaverse Tokens The New Trend

Metaverse Tokens The New Trend

November 13, 2021 Uncategorized 0

What is the Metaverse?

It is a world of endless, interconnected virtual communities where people can meet, work and play, using virtual reality headsets, augmented reality glasses, smartphone apps or other devices.

In other words it is a 3D-version of the internet, that allows you to immerse yourself in virtual reality. Mark Zuckerberg has described it  as a “virtual environment” you can go inside of — instead of just looking at on a screen. He has also rebranded facebook to Meta Platforms Inc. to show how serious he is about this new technology.

So that brings us to the next question

What are metaverse Tokens?

These tokens are the currencies that will be used to transact business, earn rewards and other activities that require financing . Recently they became hot topic in the crypto-world and most of them have risen in value with huge Return of Investment for their initial investors and token holders. Some of the metaverse tokens include Axie Infinity, Decentraland, Sandbox, Radio Caca, Illuvium, Enjin Coin, and so on.

Bitshares in the metaverse?

Does Bitshares have any plans to integrate with the metaverse? In my opinion Bitshares is entirely different from this category of cryptocurrencies being recognised as a Decentralised financial entity (Defi) it cannot now be associated with the metaverse, however it can play its own role by integrating some of these tokens to its DEX and opening an opportunity for its users to play their part in the new technological advancement of the future. This will also attract new investors to Bitshares when they see that the blockchain is progressive and moving with the trend.

First it was DEFI, and we adopted, next NFTs, and we are also adopting as well, and in the future Bitshares as an organisation will also look into integrating with the metaverse.

Resource Material: apnews.com, Express.co.uk

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