While we do not yet have a single connected metaverse, there are many platforms and projects similar to metaverses. These often include NFTs and other blockchain elements. Let’s examine three examples that are currently leading the metaverse:
Second Life
Second Life is a 3D virtual environment where users manage their avatars to socialize, learn and work. The project also has an NFT marketplace for trading collectibles. Second Life also hosted the Harvest Festival in September 2020 as part of Binance Smart Chain’s first anniversary celebration. The virtual expo showcased different projects on BSC for users to review and interact with.
Axie Infinity
Axie Infinity is a “play-to-win” game that offers users from developing countries the opportunity to earn a stable income. Players can start farming Smooth Love Potion (SLP) tokens by purchasing creatures known as Axie or using three of the initially gifted ones. When sold on the open market, one can earn from around 200 USD to 1000 USD depending on how much one plays and the market price of the token.
While Axie Infinity doesn’t offer a single 3D character or avatar, it does offer users a meta-universe-like business. You may have heard that the people of the Philippines use this game as an alternative to their full-time job or to increase their income.
Decentraland
Decentraland is an online digital world that combines social elements with cryptocurrencies, NFTs and virtual real estate. In addition, players can take an active role in the governance of the platform. Similar to other blockchain games, NFTs are used to represent collectibles for appearances. NFTs are also used for LAND, which are 16-by-16-meter plots of land that users can purchase in-game with the MANA token. The combination of all this creates a complex crypto economy.
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