The metaverse is expanding, and cryptocurrencies are playing a key role in powering its economy. This article examines how crypto is integrated into virtual worlds.
What Is the Metaverse?: Define the metaverse as a collective virtual space where users interact through avatars in a 3D environment, conducting activities like gaming, socializing, and shopping.
Cryptocurrencies in the Metaverse: Highlight how cryptocurrencies like Decentraland’s MANA, Axie Infinity’s AXS, and The Sandbox’s SAND are used for buying virtual land, assets, and services in metaverse ecosystems.
NFTs and the Metaverse: Explain how NFTs play a crucial role in representing ownership of unique digital assets like virtual real estate, wearables, and art within metaverses.
