The world was introduced to the term metaverse in the 1992 novel by Neal Stephenson, Snow Crash. Ever since, the world imagined a world where virtual and real lives merge and coexist. With the likes of Facebook, Google, and Microsoft working together, metaverse is slowly becoming a reality, and Big Data and Blockchain form its foundation.
Metaverse is no new concept; the gaming community and industry have been indulging in it for years through games like Fortnite, where players can conduct transactions. Today, such games and other metaverse startups are great investments. At the core of all these are blockchain applications; the use of blockchain in the industry is crucial to its existence and what it promises.
Metaverse is theoretically a safe space with Decentralized finance (DeFi). Blockchain being immutable and unhackable offers this security during transactions, leading to the Use of Blockchain in FinTech. Despite the price volatility, the rise of stablecoins, BaaS – Blockchain-as-a-Service, and Blockchain Mobile Apps for safe and instant transactions is obvious.
This is made apparent in the way gamers are selling their game assets as NFT – Non-Fungible Tokens and transacting with Crypto Hardware Wallets. Metaverse is bound to increase this trend even more by opening doors for the use of currencies like Binance Coin (BNB), Polkadot (DOT), and Stellar (XLM).
Current Crypto Market Analysis and Blockchain Technology news show the rise of Bitcoin (BTC) and altcoins like Bitcoin Cash (BCH), Ethereum (ETH), Cardano (ADA), and Dogecoin (ADA). Furthermore, with positive Cryptocurrency Regulation News in different countries and increased crypto mining, crypto assets are invaluable investment opportunities. Thus, its use in metaverse warrants equal investment interest, especially with the existence of exchange-traded funds (ETF) like Metaverse ETF and upcoming ICO token sales following strategic Crypto Airdrops.