Post by Mickael on Mar 4, 2023 4:36:15 GMT -5
Why are crypto and blockchain important for the metaverse?
To understand how important crypto and blockchain are for the metaverse, let's briefly recap what the metaverse is. The metaverse is a connected, online universe explorable via 3D avatars. Users can work, socialize, create, and learn all in one place. Think of it as the next evolution of the internet experience.
While the web has PayPal and card payments, the metaverse has crypto to help create a digital economy. Blockchain has proven to be a useful technology for six key metaverse areas: digital proof of ownership, digital collectibility, transfer of value, governance, accessibility, and interoperability. Blockchain technology provides a transparent and cost-effective solution, making it an ideal fit for the metaverse. You can explore these six areas in more detail by heading to our What Is the Metaverse?. Let's take a look at how it's applied to metaverse projects across different blockchains.
Metaverse projects on BNB Smart Chain
A huge amount of development has occurred on BNB Smart Chain when it comes to the metaverse. Projects range from collectible card games with real-life players like Top Goal to RPG-style universes in Cyber Dragon and Alien Worlds. There is even a player-owned casino, decentral.games, and a classic metaverse VR project hosting events called SecondLive. You can read our selection of 5 BSC Metaverse Projects You Should Know to find out more about what BSC has to offer.
What is The Sandbox (SAND)?
The Sandbox is a blockchain game where users explore a virtual world containing NFTs (non-fungible tokens), user-created environments, and other content. Founded as a mobile game in 2011, The Sandbox has developed into a complex game on Ethereum using Ether (ETH), and the token SAND to power its in-game economy.
Players create their own avatar and digital identity, a key concept for the metaverse. An avatar can be associated with a crypto wallet to manage a player's NFTs, SAND tokens, and other blockchain assets. A player can even create games and virtual items using the VoxEdit and Game Maker tools. These powerful programs can create complex and professional video game assets, which you can then turn into NFTs. As users can trade these items, this has developed a play-to-earn model where users can make extra income by playing The Sandbox.
To understand how important crypto and blockchain are for the metaverse, let's briefly recap what the metaverse is. The metaverse is a connected, online universe explorable via 3D avatars. Users can work, socialize, create, and learn all in one place. Think of it as the next evolution of the internet experience.
While the web has PayPal and card payments, the metaverse has crypto to help create a digital economy. Blockchain has proven to be a useful technology for six key metaverse areas: digital proof of ownership, digital collectibility, transfer of value, governance, accessibility, and interoperability. Blockchain technology provides a transparent and cost-effective solution, making it an ideal fit for the metaverse. You can explore these six areas in more detail by heading to our What Is the Metaverse?. Let's take a look at how it's applied to metaverse projects across different blockchains.
Metaverse projects on BNB Smart Chain
A huge amount of development has occurred on BNB Smart Chain when it comes to the metaverse. Projects range from collectible card games with real-life players like Top Goal to RPG-style universes in Cyber Dragon and Alien Worlds. There is even a player-owned casino, decentral.games, and a classic metaverse VR project hosting events called SecondLive. You can read our selection of 5 BSC Metaverse Projects You Should Know to find out more about what BSC has to offer.
What is The Sandbox (SAND)?
The Sandbox is a blockchain game where users explore a virtual world containing NFTs (non-fungible tokens), user-created environments, and other content. Founded as a mobile game in 2011, The Sandbox has developed into a complex game on Ethereum using Ether (ETH), and the token SAND to power its in-game economy.
Players create their own avatar and digital identity, a key concept for the metaverse. An avatar can be associated with a crypto wallet to manage a player's NFTs, SAND tokens, and other blockchain assets. A player can even create games and virtual items using the VoxEdit and Game Maker tools. These powerful programs can create complex and professional video game assets, which you can then turn into NFTs. As users can trade these items, this has developed a play-to-earn model where users can make extra income by playing The Sandbox.