In recent years, metaverses have gained prominence in the digital world, especially when linked to cryptocurrencies and NFTs. But what is a metaverse? Basically, it is an interactive virtual world where people can socialize, work, play, and conduct business. It combines elements of virtual reality (VR), augmented reality (AR), and blockchain technology, enabling the creation of unique digital assets (NFTs) and entire economies.
If you’re just starting out, there’s no need to be intimidated. Here’s a simple explanation of the three most popular metaverses and how they can offer opportunities in the world of crypto and NFTs.
1. Decentraland (MANA)
Decentraland is one of the most well-known and pioneering metaverses. It is a completely decentralized platform where users can purchase virtual land, build businesses, and create interactive digital experiences.
How does it work?
Decentraland is built on the Ethereum blockchain.
Each piece of land (called LAND) is represented by an NFT.
You can buy, sell, or rent land using the metaverse cryptocurrency called MANA.
How can beginners benefit?
Investing in virtual land: Buying land in the metaverse can be like buying real estate in the real world. If the land appreciates in value, you can sell it for a higher price.
Creating virtual businesses: You can open a store, hold events or even create games. These services can generate income through MANA or NFTs.
Social and professional experience: Many companies and individuals are using Decentraland for virtual meetings, events, and even concerts. Participating can open doors to new connections or learning.
2. The Sandbox (SAND)
The Sandbox is a metaverse that combines creativity, games, and the digital economy. It allows anyone to create games and virtual experiences without needing to know how to code.
How does it work?
Using the SAND cryptocurrency, you can buy land, craft objects, and even monetize your games.
Created objects and characters can become NFTs and sold to other users.
How can beginners benefit?
NFT Creation: If you’re into art or design, you can create items and sell them as NFTs. It’s a great way to explore your creativity and make money at the same time.
Play-to-Earn: Many games in The Sandbox allow players to earn rewards as they play. This means you can have fun while making money.
Collaboration with famous brands: Big companies, such as Adidas and The Walking Dead, already have projects within The Sandbox. Participating in these spaces can bring opportunities to learn or get involved in big events.
3. Otherside (Yuga Labs)
Otherside is a relatively new metaverse created by the developers of Bored Ape Yacht Club (BAYC), one of the most popular digital art projects. It combines immersive experiences with high-valuation NFTs.
How does it work?
The metaverse is integrated with Yuga Labs NFTs.
You can explore, build, and interact in a world with advanced graphics and dynamic experiences.
How can beginners benefit?
Participating in the BAYC Ecosystem: Even if you don’t own a high-value NFT, you can participate in events and explore the metaverse with other digital assets.
Exploring new opportunities: As an emerging metaverse, getting in early can bring benefits such as cheaper land or unique opportunities for business creation.
Connecting with Digital Art: If you enjoy NFTs and the digital art market, Otherside offers unique experiences for enthusiasts.
How the Future of Metaverse, Cryptocurrencies, and NFTs Benefits Beginners
1. Low cost of entry: Many metaverses offer free areas or opportunities for you to explore before investing.
2. Additional income: Through gaming, creating NFTs or renting land, metaverses can become a source of extra income.
3. Learning and innovation: Participating in these spaces allows you to learn about technology and digital trends that are shaping the future.
4. Global opportunities: Metaverses connect people from all over the world, expanding their possibilities for business, partnerships and even entertainment.
Even for those who aren’t tech-savvy, metaverses offer an accessible and potential future. Start exploring, attend free events, and learn the basics. With patience, you can make the most of this innovative digital universe!
