And these assets and exclusives can be traded as NFTs over the ecosystems, often using the Metaverse-relevant coins. Many metaverses, including the gaming-specific Sandbox and Gala Games, have quite a few people-creative digital assets floating around. Well, even though NFTs or Non-Fungible Tokens are supposed to represent an entirely new crypto use case, they do share quite a few similarities with the Metaverse. As these metaverses grow, i.e., Decentraland for MANA and Gala Games for GALA, these tokens might see a further rise in popularity.ĭid you know that NFTs and Metaverse have turned virtually analogous in recent times? Confused? These new crypto use cases are enthusiastic blockchain-riders that are expected to develop the backbone of Web 3.0 or the latest generation of the Internet.Īnd from a crypto-investing perspective, off-late Metaverse tokens, including MANA, GALA, and more, have been getting all the attention as these tokens work as the transactional entities relevant to their virtual marketplaces. But not many offerings were created by the people and mostly had centralized entities behind them. Virtual reality, digital art, and FinTech products have been around for a long time. Also, with India's leading crypto platforms like CoinSwitch Kuber periodically listing new coins with these use cases in mind, the crypto space has moved beyond quick payment facilitation. Quite appropriate, isn't it.Īnd even if you aren't a crypto evangelist, you must have been hearing quite a bit about the Metaverse, DeFi, and NFTs, courtesy of their real-world benefits, inventive tech, and concepts that hinge on inclusivity. A realm that was ignored for trying to better the payment space suddenly started garnering holistic attention. Facebook rebranding itself as Meta is old news, right! While the topic seems a bit dated, the concept has snowballed in making the crypto space more inclusive.
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