Where does cryptocurrency fit into the metaverse?

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The company immediately positioned itself as a developer of VR devices for professionals and the price tag was appropriate — $10,000. In 2020, the XR-3 and VR-3 appeared . The latter combined virtual and mixed reality. The high cost of the gadget was significantly reduced.


Behind the scenes of the metaverse, there will be a need to provide permissionless access to the individual, financial services, and high-speed exchange. Data will need to be stored and shared with millions, if not billions, of people. The answer to these problems lies in cryptocurrency technology. Companies like Decentraland and The Sandbox canada number data have developed virtual worlds that integrate cryptocurrencies so that gamers can create structures like virtual casinos and theme parks and monetize them. In Decentraland, the currency used is called MANA and is available for purchase on exchanges like Coinbase. Decentraland even has casinos where you can play MANA, and dealers are paid in MANA for coming to work.

NFTs will also play a major role in the metaverse, giving people full ownership of their characters, accumulated in-game items, and even virtual land. A virtual property NFT consisting of 259 plots in Decentraland recently sold for over $900,000, making it the largest sale to date.

Eventually, it will be possible to buy and sell virtual goods from different games and universes on compatible marketplaces. Thus, someone could sell their virtual plot of land in the world of Decentraland and use the funds to buy Fortnite skins, for example. Cryptocurrencies could become the only legal means of payment used in the metaverse, with all virtual objects and intangible elements expressed as NFTs.