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Home News

Metaverse and Play-to-Earn (P2E), what are they all about?

Ifeanyi Jesse by Ifeanyi Jesse
1 year ago
in News
Reading Time: 4 mins read
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Metaverse is the concept of people interacting with digital avatars on a larger online platform at a time when technology is causing new realities to emerge. P2E games are built on blockchain and the time you spend having fun earns you money.
Metaverse and Play-to-Earn (P2E), what are they all about?
Metaverse and Play-to-Earn (P2E), what are they all about?

Recently, one of the hottest themes has been the metaverse. Simply put, the metaverse is the concept of people interacting with digital avatars on a larger online platform at a time when technology is causing new realities to emerge.

In his work Snow Crash, science fiction writer Neal Stephenson uses the term “metaverse” to refer to a fictional, computer-generated cosmos.

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This notion is usually referred to as a fully immersive virtual environment where individuals may interact, socialize, and work. The superuniverse has the potential to build an online public area.

These public-domain virtual currencies are already available for purchase on the bitcoin market. In this regard, the notion is regarded as the internet’s future.

This concept, which was first suggested in the early 1990s, is not entirely new; in the early 2000s, there were a number of superspace pioneers, like Second Life and Sulakes Habbo Hotel. It didn’t garner much attention at the time, but the two are still alive and well. Second Life currently has 200,000 active users on a daily basis.

What is the connection between cryptocurrencies and the Metaverse?

Games, as we know them, provide us with a virtual world. Depending on the game’s premise, multiple quests and achievements are available in this virtual environment. Metaverse is a ground-breaking technology that integrates the gaming and crypto universes and allows users to earn money in the virtual world.

Metaverse and Play-to-Earn (P2E), what are they all about?
Metaverse and Play-to-Earn (P2E), what are they all about?

What are Metaverse Coins and how do they work?

Every day, hundreds of new projects and coins emerge on the bitcoin market. In this setting, there are a lot of Metaverse Coins. In this post, we haven’t discussed all of the metaverse coins, but the top 15 are as follows:

Blocktopia (BLOK), Star Atlas (STARL), Axie Infinity (AXS), Decentraland (MANA), Enjin Coin (ENJ), Wemix (WEMIX), WAX (WAXP), Radio Caca (RACA), Sushi Swap (SUSHI), Blocktopia (BLOK), Star Atlas (STARL), Illuvium (ILV), Ceek VR (CEEK), MOBOX (MBOX), Yield Guild Games (Y (DVI).

What is P2E (play-to-earn)?

Although many crypto investors are interested in token trading, or NFT, play-to-earn projects are popular; they work with win logic as you play, which draws investors and, more recently, a large number of crypto enthusiasts.

These projects introduce gamers to a new universe and pave the path for a new era in the gaming industry. P2E games built on blockchain have also developed an income mechanism for players. To put it another way, the time you spend having fun earns you money.

The ecosystem, which is still in its infancy, is rapidly expanding and developing. Many individuals would believe that it is too late to enter this room in a few years.

Metaverse and UBXT

The main token of the UpBots.com platform, $ UBXT, will have a new user with SuperBots.finance and its Metaverse game!

The UpBots team is working on SuperBots, which will be released in the next few weeks. In the realm of decentralized finance, SuperBots is a platform for trading bots.

In addition to trading in the De-Fi world, investors will be able to play a SuperBots game with SuperBots NFT characters to save or destroy Botham! The native utility token for both SuperBots.finance and its Metaverse game will be $ UBXT. Sandbox has purchased Metaverse land, and backends for both projects are in the works.

Tags: #Games#Metaverse#P2E

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