Will the blockchain unlock the true value of the metaverse?

 Will the blockchain unlock the true value of the metaverse?

      The metaverse is here to stay, the latest news from Facebook, or the Meta, point to it

      This sparks a series of very rich discussions about the importance of cryptocurrencies in the metaverse.

      What should people who want to invest in metaverse coins keep in mind, and what good news does this nascent industry offer them?

  It is indisputable: metaphors are already among us.  Not so long ago, we reviewed the latest news in this regard from the announcements of the CEO of Facebook, or rather, the Meta, Mark Zuckerberg, who defined them as virtual worlds where people can do many of the things that they do in real life.  However, some still do not understand its potential.  Faced with this, and now, many are wondering if blockchain technology will unlock the true value of metaverses.  We analyze it below.

  Of course, the first thing to know is that the concept of the metaverse itself includes a series of concepts that were hitherto unknown to most people.  The combined "Internet", as specialists call it, allows us to "be inside it", and not just reach out to see different content.

  But more importantly for others, cryptocurrency will surely become the main payment method among users in the metaverse.  There are many assumptions we can make.

  Outlier Ventures, a UK-based blockchain venture capital firm, said: “The defining characteristic of real metaverses is that they need their own economy and native currencies, where that value can be earned, spent, loaned, borrowed or invested, both in the environment  Physical and virtual. Above all, of course, without the need for government intervention” as is the case with traditional currencies.

  The relationship between cryptocurrency and metaverse

  We have already explained what the metaverse is.  This forces us to focus on its close relationship with cryptocurrencies.  As we said in the previous lines, multi-platform currency is an essential link in the virtual economic system.  It's as if encryption was intended to be used in the virtual world.

  There are several advantages that drive them, such as the fact that transactions in metaverses are almost instantaneous thanks to the underlying blockchain technology.  All this without losing sight of the fact that they create a trust mechanism for both parties to the transaction that ensures the security of the process.

  For example Decentraland, a decentralized 3D virtual reality platform.  Users who wish to purchase items from the platform must use the platform's MANA token as the transaction currency.  In fact, cryptocurrencies like MANA, Sandbox (SAND), and Enjin (ENJ) have been getting a lot of attention lately.

  How to start participating in Metaverse?

  At this point, you are probably wondering how to make money in the metaverse economy.  You shouldn't rush it because, after all, the metaverse is a concept that's still in its infancy.

  This means that many different ideas coexist about what metaphors will look like and the role they can play in our lives, both at work and at home.  Meta (formerly Facebook) has ambitious plans for its future development and wants to be a leader in metaverse technology, using virtual reality headsets.

  In fact, the current limitation is that although virtual reality technology has advanced significantly, there are still many technical issues that need to be addressed before it can reach mass adoption.

  Until that happens, the possibility of working with cryptocurrencies is one of the things we enjoy most about what our day will be when the scales finally settle down.

  There we have NFTs, metaverses and virtual real estate, in a group that we learn about.

  First steps in metaverse

  In any case, our recommendation is that under no circumstances should you join the metaverse without knowing it.  Sometimes just thinking about celebrity advice and publicity is dangerous.

  It is critical to spend as much time and effort as possible understanding how it works and which metaverse projects are most likely to survive and thrive in the long term.

  The good news is that there are a lot of metaverse projects using crypto or blockchain technologies, which are based on popular ecosystems like Ethereum (ETH) or Solana (SOL).  We can say that they represent the least risky investment options, especially for beginners.

  conclusions

  If the blockchain will unlock the true value of the metaverse, we still cannot 100% confirm or refute it.  Likewise, there are enough elements to consider that there will be an explosion in the potential of the metaverse.  After decades of talking about this idea, it seems, paradoxically, that it will become a reality.

  Specifically with regards to cryptocurrencies, as we all know, any bet on it has risks.  Therefore, investors are advised to choose investment projects with caution and not to rush.