Categories: Tech

Cryptocurrencies and metaverse: the cryptocurrencies to keep an eye on

Together with augmented reality, ready to definitively take off, cryptocurrencies and metaverse are the technologies that currently most stimulate people’s curiosity and corporate investments. A combination that is already a solid reality today, but that in the future could become the ground on which to reinvent oneself and reinvent one’s own economic activities. At the time of writing, a giant like Republic Realm has bought a property on the metaverse of The Sandbox, which is headed by one of the best performing cryptocurrencies in recent weeks. The future is undoubtedly already here. In order not to be caught unprepared, we have compiled a short list of cryptocurrencies related to the metaverse for you to keep an eye on, with a view to rapid growth in the near future.

Criptovalute e metaverso: The Sandbox (SAND)

As we mentioned earlier, The Sandbox, together with the related crypto SAND, is currently the most advanced project in terms of cryptocurrencies and metaverse. With more than 100 million dollars raised from the sale of virtual land in the past week alone and a platform in the alpha phase, but already full of potential, we are facing a metaverse on the launch pad, strong in partnership with Snoop Dogg, Adidas and The Walking Dead is in the process of organizing events and hosting quality video games as early as 2022. An opportunity to invest in SAND, which in the last 30 days has seen its value double, on the various NFTs already available for purchase or, if you have economic strength and above all a lot of courage, on LANDs, virtual lands that on the Open Sea secondary market are already traveling at prohibitive figures.

Decentraland (MANA)

Another metaverse to watch carefully is Decentraland, based on the cryptocurrency MANA, which has grown in value by 360% in recent months. Open to the public in February 2020, unlike The Sandbox, this virtual space can already be freely explored by anyone via a browser. After creating our avatar, we can begin our journey into this world, at the moment still thin and crude but capable of guaranteeing an incredibly fluid and dynamic user experience. Even if the main dish, especially from a speculative point of view, is the buying and selling of land and objects, it is possible to try your hand at casino games or simple video games. The platform also hosts real virtual music festivals and promotes various art forms. The future is all on Decentraland’s side, and we can’t wait to see its evolution.

Criptovalute e metaverso: Axie Infinity (AXS) e Smooth Love Potion (SLP)

A particularly stimulating project regarding cryptocurrencies and the metaverse is certainly that of Axie Infinity, which we could describe as a sort of fusion between the typical dynamics of the Pokémon video game series and the virtual economy systems that we have just seen. The game is developed by the Vietnamese studio Sky Mavis and is linked to the cryptocurrencies Axie Infinity Shards (AXS) and Smooth Love Potion (SLP), both of which are based on Ethereum.

The Axie Infinity mechanism is pretty simple. If you have at least three Axies (salamander-like creatures), you can start making them fight with their counterparts. It is also possible to breed and cross them, thus obtaining other creatures to use or sell. Through the battles, Smooth Love Potion (SLP) tokens are earned, which we can consider the real currency of the game. Axie Infinity Shards (AXS) are earned during special events or through the sale of Axie.

It all sounds beautiful, and indeed it is, since in the Philippines there are even those who have found sustenance by playing permanently at Axie Infinity during the first very hard months of the pandemic. However, there is a downside to this pay-to-earn model system, or pay-to-play-to-earn to be precise: the Axies with which to start playing cost, and not cheap. At the time of writing, the less expensive Axies cost around 80 euros, for a total investment of 240 euros. An important figure, which however could be repaid by the future developments of this platform, also from the point of view of the metaverse.

Star Atlas (ATLAS and POLIS)

One of the most ambitious projects in the field of cryptocurrencies and metaverse is undoubtedly Star Atlas, Strategic and futuristic MMO based on space exploration and the conquest of territories, with the aim of giving life to a real ecosystem, based on the Solana blockchain and on the proprietary cryptocurrencies ATLAS and POLIS. The intent is to create a cross between one of the AAA games that brighten our free time and a real metaverse, powered by its own virtual economy.

Star Atlas is an early stage, but rapidly evolving project. The first minigame will be released on December 16, while for the full game we will have to wait until March 15, 2022. In the meantime, in addition to the cryptocurrencies that make up the backbone of the game, it is already possible to buy spaceships and various NFTs, which in all probability will increase. of value when the game is launched.

Cryptocurrencies and metavers: Kryptomon (KMON)

If you have spent hours with the Tamagotchi, you should give Kryptomon, a Play-To-Earn gaming platform based on NFT and based on the KMON cryptocurrency, generated on the BSC blockchain of Binance. Kryptomon’s metaverse consists of a community of players, or more precisely coaches, who take care of the cute little monsters in the game. Each of these pets is a unique and non-replicable NFT. For now it is only possible to buy the eggs from which the monsters will be born and other objects that will improve our gaming experience. With the evolution of Kryptomon, however, we will be called to take care of our pets, exactly as we did with the Tamagotchi. We will also be able to upgrade them and make them clash with other Kryptomon, in the wake of when it happens for Pokémon. Again, the metaverse that will be built around Kryptomon will open wide scenarios to players and investors in cryptocurrencies.

Published by
Walker Ronnie

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