The term “Metaverse” has been around since the 1990s when Neal Stephenson coined the term in his book ‘Snow Crash’. Films such as ‘The Matrix’ and ‘Ready Player One’ have also explored the topic. The introduction of cryptocurrency has allowed the possibility of a virtual reality world to become somewhat of a reality. Cryptos such as Solana (SOL), Axie Infinity (AXS), and FIREPIN Token (FRPN) are all offering different avenues for people to make money in this new virtual world.
What Is The Metaverse?
The Metaverse is an immersive and fully interactive virtual space made possible by augmented and virtual reality technology. The Metaverse is not owned by a governing body using decentralized blockchain technology. Anything can happen inside the Metaverse, an exciting prospect for the coming years. Currently, gaming and entertainment have been adopted the most with the space.
Solana (SOL) is a decentralized smart contract platform with incredible transaction speeds. The ever-expanding popularity of NFTs means creators and developers are trying to find the quickest and cheapest way to get their NFTs on the market. Ethereum (ETH) is the most popular blockchain for NFTs but can take up to 10 minutes to process a transaction, while costs are expensive!
Solana (SOL) provides an excellent alternative to Ethereum. By processing up to 50,000 transactions per second, Solana (SOL) offers NFT buyers and sellers the opportunity to complete their purchases in just seconds.
With the Metaverse and NFTs going hand in hand, it seems as if Solana (SOL) could be the blockchain to go to in the future. Solanart is an NFT marketplace where users can buy and sell NFTs, which could be used to make money in the Metaverse.
Axie Infinity (AXS)
Axie Infinity (AXS) is the number one Metaverse cryptocurrency by market cap at the time of writing. Like the Pokemon franchise, Axie Infinity (AXS) is a game of battling and trading small creatures known as Axies. To play Axie Infinity (AXS), you’ll have to purchase at least 3 Axies from an NFT Marketplace.
To make money in Axie Infinity (AXS), players can compete against other players to earn Smooth Love Potion (SLP). This can then be exchanged for other cryptocurrencies or real-world fiat. Players can also breed their Axies to create younger, more powerful Axies, which can then be sold to make even more money.
FIREPIN Token (FRPN)
FIREPIN Token (FRPN) aspires to be a fully functional DAO world with Metaverse integration. There are ambitions to grow into game creation and NFTs in the future. Users will be able to conduct cross-chain financial transactions between up to five of the most prominent crypto networks (Ethereum, Binance, Solana, Avalanche & Polygon) according to the FIREPIN Token (FRPN) whitepaper. This will be helpful to Metaverse and NFT users as it will allow them to find the quickest and cheapest network for their transactions.
FIREPIN Token (FRPN) is igniting the crypto world after a 366% increase within the first two weeks of its presale. In just the last week alone, the token has grown 95% from $0.000295 to $0.000576. With just under a month left of phase 1 of the FIREPIN Token (FRPN) presale, new investors still have ample time to make money before this Metaverse marvel reaches the mainstream.
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