the metaverse will make millionaires
Is the metaverse really the greatest opportunity to make money since the gold rush? and if it, how do you get in on it? here are the top 3 metaverse cryptos to get into right now.
the metaverse is inevitable
Currently it looks like VR and AR tech is here to stay and for about a hundred different reasons. When Zuckerberg presented Facebook's (or now, Meta) ideal metaverse the whole world caught wind of the amazing potential that this technology has. This will affect how we get our work done, how we hang out with our friends, how we play video games, and how we interact with the internet as we know it. Its all super exciting, but it is clear that technology like this can enter us into a utopia or a dystopia.
If we assume that these technological advancements are inevitable then it is crucial that it is implemented into our lives correctly. We see the negative affects of technology everywhere. We see it in an entire generation of kids addicted to their devices to the point of rapid mental health decline all over the world. We see it in the cults of personalities that have spiraled out of control all over the internet. And most importantly we see it in the incredible divisiveness in our society. This technology, if done incorrectly, has the potential to have an even tighter grip on our lives and make these problems worse tenfold. This is why it is essential that we get decentralization right and we support the projects who will bring about a brighter tomorrow. Zuck's Meta is not going to be that for us.
2 cryptos that are building a brighter future for the metaverse (and can make you $$$)
There are hundreds of different cryptos out there doing their own things to build a better metaverse. There's Axie Infinity, Avalanche, Gala, and plenty of other projects out there to look in to, but when it comes to combatting Facebook's Meta specifically, there are only a handful of projects out there that are worth while and are building their very own virtual world. The two hottest projects that are working to build a better, decentralized metaverse compared to Meta are Decentraland and The Sandbox.
Decentraland ($MANA)
Decentraland has been covered on this blog before. It is one of the more well know metaverse projects that is working to build their own virtual world. It is an Ethereum token that powers the Decentraland virtual reality platform. MANA can be used to pay for virtual plots of land in Decentraland as well as in-world goods and services. These virtual plots of land are sold as NFT's on the OpenSea Market Place for a floor price (lowest selling price/bid) of 3.67 ETH. That is significantly higher compared to 2.6 ETH floor price that MANA had when I last wrote about it.
The MANA cryptocurrency itself has seen tremendous movement. Just last month (October 2021 at the time of writing) Decentraland sat around $.50-$1. It originally spiked to around $3-$4, following Zuck's Meta announcement, and then a couple of weeks later we saw a massive bull run throughout the majority of the crypto metaverse and gaming market which led MANA to hit its ATH (all time high) of $5.91. That is truly insane.
The key thing to remember about Decentraland is that it is owned by its users. There are no servers that Decentraland lives on, unlike something like Facebook which has centralized servers across the world. This means that no one person or group owns or controls Decentraland (basically the definiton of decentralized). This makes Decentraland one of the go to platforms for exploring, creating, and trading in the metaverse. For more check out their whitepaper.
The Sandbox ($SAND)
As much as I love and have faith in Decentraland, even it cannot compared to the parabolic gains that Sandbox just made. It has caught my eye and is one of the biggest competitors in the space. Like Decentraland, the Sandbox is allowing people to play, create, own, and govern a metaverse created by its users. One of the critiques on Decentraland is its cartoony vibe to it that makes you feel like you're playing as your Mii character on the Wii from like 2011. Sandbox offers a more unique experience that has a similar look to something like Minecraft. The floor price for a piece of virtual real estate in The Sandbox is about .086 ETH.
It definitely seems more developed and user friendly just by looking at their site. They are even in the midst of releasing the Sandbox Alpha from November 29th to December 20th. It looks awesome and fun to play, but whats also exciting is the gains that it just made. Sandbox was one of the many metaverse cryptos to pump over the last few weeks/months, but it just went nuts. By nuts I mean in just the last month it has gone from about $.70 to reaching an all time high of $8.51. That's almost 1000% gains in the matter of a month. Definitely check out the numbers for yourself.
One reason why it went above and beyond some of the other big competitors in the space is the Adidas/Sandbox partnership that was just announced. According to a spokesman for Adidas
"The metaverse is currently one of the most exciting exciting developments in digital, making it an interesting platform for Adidas."
Now that a partnership like this has been confirmed, people are hoping to see some kind of virtual shopping store where people can sport their favorite tokenized Adidas products in the metaverse. Sandbox is one of the only decentralized metaverse platforms making huge deals like this and really shaking up the crypto space. It is now back down to about $6 and theres no telling what it could be by tomorrow, but if it keeps building and making deals like the one it just made with Adidas, then I could definitely see it grow in value even more in the future. Always remember to DYOR (do your own research) and check out The Sandbox Whitepaper.
lots of competition
Means a lot of advancements are about to be made very quickly in this space, which also means there is a lot of money to be made. Whether you are looking to play, build, or trade, there is money to be made in the metaverse. We are at the time now where this stuff is about to blast off and we need decentralization to do it right. Invest in projects that you believe in and think are worth while using Coinbase. It is safe, easy to use, and offers a wide variety of cryptos to invest in.
Click this icon to join Coinbase and in doing so receive $10 worth of Bitcoin for FREE
You most definitely do not want to miss out on this bull run. Scared money don't make money. #Crypto is the wave and you should look into everything that it offers whether it be with #Bitcoin in the world of decentralized finance, or with The Sandbox in the world of decentralized gaming/social interaction. Oh, and don't forget, DYOR.
Didn't know or understand some of the lingo used in this blog? Check out the basics of crypto lingo.
*this is not financial advise and i am not a financial advisor.
Comments