Categories
NFT Tech

A Beginner’s Guide to the Metaverse

Since Mark Zuckerberg changed the name of Facebook to Meta, many people were caught off guard and are now left in the dark as to what Meta is and what the future of the metaverse means. 

Additionally, big-name brands that we love such as Addidas have taken the plunge into the metaverse. Offering their NFTs holders the ability to unlock exclusive access to virtual land experiences and free collaborative merchandise. So, what is the metaverse exactly?

What is the metaverse?

The metaverse is a combination of numerous technologies including virtual reality, augmented reality, and eye-tracking. All of these elements are used to create the ultimate virtual experience within a virtual universe. Examples of a metaverse include Fortnite, Roblox, and The Sandbox.

The term metaverse was first mentioned in Neal Stephenson’s science fiction novel, Snow Crash, published in 1992. Although the term isn’t new, the thought of living in a virtual world might feel a bit futuristic, but in reality, we are already living in a very digitized world.

Ready Player One

“Even though it was initially marketed as a new kind of massively multiplayer online game, the OASIS quickly evolved into a new way of life.”

If you have ever watched the movie Ready Player One, which is set in the year 2045 where much of humanity uses virtual reality to escape the real world, then you understand the concept of operating in the metaverse.

Currently, some metaverses like Somnium Space support several popular VR goggles including Oculus, Vive, and Stream. However, all you really need to enter most metaverses is just a desktop computer and a solid internet connection, meaning the barrier to entry is minimum.

If you’re curious to know how you can enter the metaverse, make sure to check out our article Explaining the Top 4 Metaverses, where you will learn what each popular metaverse offers, as well as how to enter each space.

What’s in the metaverse?

The metaverse and its contents remain a mystery to many. After exploring the metaverse myself, I noticed several elements you will find within the virtual space.

The metaverse contains a number of different elements such as 3D avatars, digital assets, games, businesses, and various events that support an entire virtual economy. As a user, you can monetize your creations, meet with friends, participate in virtual events, and even host business meetings.

While exploring the metaverse you may quickly realize that it offers many of the same features that you might find in the real world. 

The one major difference with the metaverse is that you can travel the world all from the comfort of your own home, using just your computer and VR goggles if you have a pair. As well, you can literally teleport to different locations. Whether you want to teleport to the next city or even the next room, you can do it all in the metaverse.

Why is the metaverse important?

Understandably, many people might fail to gauge the importance that the metaverse has in our society. So, why is the metaverse so important?

The metaverse is important because it offers humans an in-person way to connect and communicate from anywhere in the world virtually. Furthermore, the metaverse supports a whole virtual economy where users can enjoy numerous activities like building a business, networking with others, and even hosting family gatherings.

Just imagine for a second that you and your family aren’t able to get together for the holidays, so instead, you put on your VR headset and join each other in the same room virtually. You can still enjoy each other’s company, play games together, and even explore other metaverse worlds all from your own home.

The same can be said for business meetings and even training sessions. You and your colleagues can all sit around the same table, view the same presentation, and then discuss matters further in a completely immersive environment. Then once the meeting is over, you can simply take off your headset and be back at home with your family.

More so, the metaverse allows you to actually create a real business within the confinements of any virtual land you own.

For example, you can build and monetize a recreational arena where others can come to play games and host events, open a VR clothing store, and even monetize your skills as a builder in the metaverse where you can charge users a fee in exchange for an architectural structure or other digital creation.

This will, in turn, create more job opportunities, as there will be a demand for developers, virtual architectures, and much more. Really, your imagination is your limit, and this is especially true in the metaverse.

Ultimately, the metaverse allows you to be anywhere, anytime, and with anyone in a realistic setting. This convenience may further improve your relationships and your ability to receive hands-on training and guidance from home.

What currency is used in the metaverse?

Of course with new economies comes new types of currencies, and not all metaverses use the same currency.

In the metaverse, the only type of currency accepted is cryptocurrency. There are different types of cryptocurrency used depending on which metaverse you’re in. An example is Decentraland, where their native currency is MANA.

Other metaverses like Cryptoxles make it easy for users and allow you to transact with more common crypto such as ETH.

Examples of the metaverse

As of today, there are several metaverses that are currently available for anyone to explore, and some even support a thriving community with thousands of users.

Popular examples of the metaverse include Cryptovoxels, Decentraland, Roblox, Somnium Space, and The Sandbox. Metaverses like CryptoVoxels, Decentraland, and Somnium space are advertised more so as VR platforms, whereas Roblox and The Sandbox are better known as online gaming platforms.

If you aren’t familiar with any of these platforms, no worries. Other games like Fortnite and Minecraft are considered to be modern-day metaverse as well. In fact, Fortnite CEO Tim Sweeney has described Fortnite’s user experience as a metaverse because it is a virtual 3D space that combines gaming with non-gaming elements.

Overall, the metaverse is still in its infancy, but that’s not to say that the potential for innovation isn’t huge. The number of brands building within the metaverse is increasing at a rapid pace. Atari, Addidas, Google, Microsoft, Nike, and Sony are just a few of the companies that are currently building their brand in the metaverse.

The future of the metaverse

As for the future of the metaverse, I don’t see the development slowing down anytime soon.

I’m confident that the metaverse will continue to develop into something extraordinary, and will revolutionize the way humans interact while at the same time increasing efficiency across many industries. 

Google Trends
Google Trends

A quick search on Google Trends shows a huge spike in the search volume of the metaverse right around October 2021. Meanwhile, VR has seen a healthy fluctuation in search volume dating all the way back to December 2015.

I think this is a clear sign that the potential of the metaverse is about to be unleashed in the coming years, along with an abundance of opportunity, especially for those who are curious enough to explore the space early.

So, are you ready to explore the world from home? If so, jump into the metaverse and check it out, an entire world full of opportunity awaits.

Categories
Gaming NFT

The Economics of the Galactic Metaverse

As Facebook (Meta) attempts to rebrand itself, media outlets are increasingly asking what is the metaverse?

One simple way to answer the question would be to look at some of the metaverses already in existence, such as The Sandbox and VulcanVerse. At first glance, they look a lot like the strategy games and MMORPGs that have been around since the days of World of Warcraft.

A better question then might be how metaverses differ from those traditional games. What prevents them from laying down arbitrary rules, and how does the blockchain affect the in-game economics?

<div class =”code”><p class = “twitter-tweet”>https://twitter.com/staratlas/status/1445834745326231555?ref_src=twsrc%5Etfw</p></div>

The answer to those questions may now lie in outer space. StarAtlas is a new metaverse that pitches itself as a “grand strategy game of space exploration, territorial conquest, political domination, and more.” You can think of it as a kind of blockchain-based Elite, and it’s the blockchain (and the game’s storyline) that makes the difference.

StarAtlas is built on Solana and uses two kinds of tokens.

ATLAS is the game’s own currency. Players can use the coin to buy digital assets such as ships, land, components, and to pay the crew. The token is earned through in-game activity and can be generated through sales. StarAtlas notes that, unlike many crypto projects, the development team holds no stake in the undistributed token supply.

<div class =”code”><p class = “twitter-tweet”>https://twitter.com/Ashes_LS/status/1470659080083558401?ref_src=twsrc%5Etfw</p></div>

It does, however, hold a stake in the other token. POLIS allows holders to have jurisdictional ownership over parts of the StarAtlas world.

Players with POLIS will be able to restrict some activities, lay down new laws, and even impose taxes and tolls on other players. StarAtlas stresses, however, that POLIS “represents voting rights, not dictatorial ownership.” Players would need to collaborate in order to create these rules and levies. 

The idea is to avoid the kind of centralization that led a 16-year-old Vitalik Buterin, founder of Ethereum, to see “what horrors centralized services can bring.”

After three years of happily playing World of Warcraft, Blizzard removed the damage component from its warlock’s Siphon Life spell. A decentralized governance open to holders of POLIS is less likely to lay down rules that harm gameplay. 

The first phase of POLIS distribution will see 20 percent of the governance token made available in a “Galactic Asset Offering.” Decision-making will remain centralized for the first two or three years of game development but POLIS will later be generated only but the staking of ATLAS.

In other words, the more committed players are to the game, and the more they invest in it, the more influence they’ll have over its development. 

For people wondering what a blockchain-based metaverse is then, the answer is that it’s a world, or even a universe, with its own economy and a democratic governance structure powered by its most committed residents.

Categories
Fashion NFT

Adidas Continues to Innovate into Web3 with NFT Collaborations

In the last week, Adidas has been extremely busy innovating in the web3 space.

The popular apparel brand has partnered with Coinbase, launched their very own POAP NFT, created their own space in The Sandbox, and are now teaming up with two of the most prominent brands in the NFT space—Bored Ape Yacht Club and PUNKS Comic—as well as NFT investor and influencer, Gmoney.

<div class =”code”><p class = “twitter-tweet”>https://twitter.com/gmoneyNFT/status/1465311567357095940?ref_src=twsrc%5Etfw</p></div>

The official announcement of the Adidas, BAYC, Pixel Vault’s PUNKS Comic, and Gmoney collaboration was announced early this morning by said collaborators on Instagram and Twitter. 

This recent stream of collaborations has many excited, including members of the NFT space as well as people who aren’t quite as acclimated to the space. One glance at social posts displays an enormous amount of support from nearly everyone who is aware of these brands and their significance in the space.

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Adidas provided just a bit of insight referencing their involvement in the metaverse within the description of their recently released POAP NFT:

Adidas

This is the first step in our journey to empower the creators of tomorrow to thrive in the Metaverse. A place where anyone can express their most original ideas and be their most authentic selves. It will take some learning, some building and a leap of faith. If you’re already here, show us the way. If you’re new, come and join us. We can’t wait to see what we do together.

<div class =”code”><p class = “twitter-tweet”>https://twitter.com/adidasoriginals/status/1462873002350202882?ref_src=twsrc%5Etfw</p></div>

I believe that this is just the beginning of something spectacular, not only for the brands involved in this specific collaboration, but for the entire web3 community and the metaverse in its entirety. 

Things tend to move at a very quick rate in the web3 space, so please be on the lookout for more information regarding this awesome collaboration and many more.

Categories
Music NFT

Roc Nation and CYBR Unveil The Harder They Fall Virtual Metaverse Experience

Get ready for an unforgettable experience in the metaverse. Today, Roc Nation in collaboration with CYBR, is launching The Harder They Fall soundtrack’s virtual metaverse experience in celebration of the recent film and soundtrack release.

In order to experience this special event, all you need is a web browser to immerse yourself in the visually pleasing virtual world of Redwood City. Once you visit the link, you will be teleported into the virtual world of Redwood City where you are able to explore the grounds of The Harder They Fall. 

Within this metaverse, you can listen to the entire soundtrack, which is produced by Jay-Z himself, as well as visit sets and scenes from the film. 

Wander around the church where you can interact with the official movie trailer, explore the train which features unique art, step inside Mary’s Stagecoach where you will gain access to the official merch store, and have fun at the hotel—where you have the opportunity to play an interactive game and even win prizes!

Additionally, inside the saloon viewers will be able to watch an exclusive live-streamed panel discussion with chosen cast members from The Harder They Fall and the original soundtrack’s artists about their creative processes behind the production of their project.

As a participant, you will enjoy even more perks and surprises with The Harder They Fall cast and artists as you explore the metaverse space. 

This exclusive collaboration cements Roc Nation as the premier music label entering the metaverse, bringing together innovators from music, culture, and entertainment in a completely virtual environment created by CYBR utilizing Epic Games’ Unreal Engine.

About The Harder They Fall
<div class =”code”><p class = “twitter-tweet”>https://twitter.com/sulbramoh/status/1457094764617154569?ref_src=twsrc%5Etfw</p></div>

The Harder They Fall characters are based on real cowboys, lawmen, and outlaws of the 19th-century American West. The film made its global debut on October 6, 2021, at the BFI London Film Festival. It had a limited premiere on October 22, 2021, before becoming available on Netflix on November 3.

When bandit Nat Love (Jonathan Majors) learns that his adversary Rufus Buck (Idris Elba) is about to be freed from prison, he gathers his crew to track Rufus down and exact revenge. 

Nat’s crew consists of his previous love, stagecoach Mary (Zazie Beetz), his right and left-hand man—hot-tempered Bill Pickett (Edi Gathegi) and quick drawing Jim Beckwourth (R.J. Cyler)—and a startling adversary-turned-ally, all of which ride beside him in this confident, righteously new school Western. 

Rufus Buck has his own terrible team, which includes “Treacherous” Trudy Smith (Regina King) and Cherokee Bill (LaKeith Stanfield); they do not know how to lose. 

The Harder They Fall was directed by Jeymes Samuel, written by Samuel and Boaz Yakin, and produced by Shawn Carter, James Lassiter, Lawrence Bender and features a scorching soundtrack. 

Moreover, the all-star ensemble includes Jonathan Majors, Zazie Beetz, Delroy Lindo, LaKeith Stanfield, Danielle Deadwyler, Edi Gathegi, R.J. Cyler, Damon Wayans Jr., Deon Cole, Regina King, and Idris Elba. Vengeance has never been more fierce.

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You can watch The Harder They Fall now, on Netflix.

The Harder They Fall Soundtrack

Jeymes Samuel and Shawn “JAY-Z” Carter co-produced the music for The Harder They Fall, which was published by Roc Nation in collaboration with Netflix. 

JAY-Z, Kid Cudi, Ms. Lauryn Hill, Jadakiss, Conway The Machine, Koffee, Seal, CeeLo Green, Barrington Levy, Samuel and many others are all part of this superb soundtrack. Furthermore, all of the songs on the soundtrack were created by Samuel, who also co-wrote the script and directed The Harder They Fall.

Checkout The Harder They Fall tracklist:

  1. “Lightnin’ With The Blam Blams (Skit)” by Edi Gathegi & R.J. Cyler
  2. “The Harder They Fall” by Koffee
  3. “Guns Go Bang” by Kid Cudi & Jay-Z
  4. “Better Than Gold” by Barrington Levy
  5. “Black Woman” by Fatoumata Diawara & Ms. Lauryn Hill
  6. “Wednesday’s Child” by Alice Smith
  7. “Blackskin Mile” by CeeLo Green
  8. “Ain’t No Better Love” by Seal
  9. “We Ain’t No Nincompoop (Skit)” by LaKeith Stanfield & Regina King
  10. “King Kong Riddim [feat. BackRoad Gee]” by JAY-Z, Jadakiss, & Conway The Machine
  11. “We Go Harder” by Laura Mvula & Mayra Andrade
  12. “Is The Devil Dead? (Skit)” by Zazie Beetz & Jonathan Majors
  13. “No Turning Around” by Jeymes Samuel
  14. “Three And Thirty Years” by Pretty Yende
  15. ”Let’s start (live)” by Fela Anikulapo Kuti and Ginger Baker
Who is CYBR?
<div class =”code”><p class = “twitter-tweet”>https://twitter.com/cybrxr/status/1461001459193958410?ref_src=twsrc%5Etfw</p></div>

CYBR is the most popular music, digital art, and entertainment Multiverse. CYBR exists to help culture producers reinvent methods to interact with their worldwide following by building aesthetically pleasing virtual worlds and multiplayer gamified experiences. 

CYBR pushes the envelope of mixed-reality (WebXR) technology and spatial audio to its limits while making these experiences available to everyone via a simple online link—meaning there’s no need for an app, VR headset, or a game console. The goal of CYBR is to make the Multiverse more democratic.

Categories
Finance NFT

12 NFT Business Ideas You Can Start Today

NFTs are swiftly becoming the new standard when it comes to social signaling. Spend a few minutes on crypto twitter and you will notice that everyone’s profile picture is some sort of avatar. 

This isn’t just some hyped up fad that will soon blow-over. Rather, it is a shift in culture as well as the way that humans interact and conduct transactions between each other.

The opportunity to build something great is upon us, which is likely the reason why various celebrities and Fortune 500 companies are investing both personally, and in a way to leverage their own brand.

Fortunately, we can all use NFTs to start our own business as well. Here are the top 12 NFT business ideas that you can start today:

1. Build an NFT Investment Firm

Although NFTs may be a new avenue to grow your investment portfolio, that doesn’t mean that there aren’t a ton of deep-pocket investors looking to put their fiat into something new, innovative, and exciting—such as non-fungible tokens.

Keep in mind that people nowadays are busier than ever. Most of us don’t have time to sit around and study the NFT market all day. That’s where you come in: the NFT investment firm.

Essentially, investors would give you their money so that you can invest into NFTs with your expertise, in the hopes of a profitable return on their investment. For your services, you receive a percentage from the profit and call it a done deal.

If you are someone who is passionate and knowledgeable about the NFT market, then this business idea may be an excellent fit for you.

2. Grow your own NFT investment portfolio

Maybe you are a great NFT investor, but you’re not interested in handling other people’s assets. That’s okay. Fortunately for you, you can simply invest in your own investment portfolio. With NFTs, there are a couple ways you can play it.

Short term NFT investment (the quick-flip) is when you buy an NFT with the intention of holding onto it for a brief moment and then quickly selling it for a profit. If you can do this many times over, then you can turn into a profitable business for yourself.

Long term NFT investments (diamond hands) are investments that are intended to be held for a period of at least 5 to 10 years, in my opinion. The long term investments should be considered extremely risky however.

3. Open your own NFT restaurant

Do you really enjoy food? Then opening an NFT restaurant is something innovative you could do. No one has done this yet, but that’s not to say there isn’t already an NFT restaurant in the works.

In order to give you a better idea on how to accomplish such a task, I will use Gary Vaynerchuk as an example. Gary will be opening the very first NFT restaurant in Fall of 2022 in New York City. 

To experience the restaurant, guests will require a membership, which will be purchased as NFTs. Gary is planning to offer three different levels of memberships, all offered in the form of a non-fungible token. This may seem far fetched now, but this is only the beginning.

4. Create NFTs for the metaverse

In the macro, the metaverse is an up-and-coming system of virtual worlds that are linked together on the blockchain. Within this virtual world lies a whole lot of opportunity for creators and consumers alike.

Metaverses such as Somnium Space and Cryptovoxels allow users to create their own virtual assets and monetize them. From virtual wearables, to games and events, creators have an opportunity to put their creative talents to work. As a metaverse asset creator, you can sell and trade any virtual assets that you create.

As the metaverse continues to scale upwards in terms of popularity and social acceptance, so will the demand for virtual assets. The multitude of people who visit the metaverse do so to consume and connect. The concept is no different than hanging out at the mall with your friends.

I know there are many creators in the NFT community. So if you are looking to hone in on a new creative skill and maybe even turn it into a business, there’s no better time to start than now.

5. Build a brand as a full time play-to-earn NFT gamer

Earning money playing video games is becoming a more common phenomenon with influencers and sponsors joining hands to build a completely new perspective around the gaming industry. We’re witness an emerging perspective that gaming is much more than locking yourself in your bedroom for 12 hours a day, with nothing to show for it.

Today, gamers run ads, share affiliate links, and earn sponsorships from brands in order to earn a full time income and build their own brand. However, imagine playing a game where you are able to collect valuable in-game assets as you play.

These assets aren’t only for in-game use mind you, they are virtual assets which are stored indefinitely on the blockchain and can be sold on secondary marketplaces for real currency.

If you are a gamer who is not yet gaming on the blockchain, I highly recommend you look into it. For more guidance on creating a business out of NFT gaming, make sure to give Swole’s article a read: How Gamers Can Monetize with NFT Technology.

6. Structure an online NFT course

Some people are exceptional teachers. You know those people. The ones who appear to have a natural act for guiding someone through any task, whether large or small.

If you love teaching/coaching and you just happen to be good with NFTs as well, then you should consider offering your expertise to folks who are looking for it.

Regardless of whether you are an NFT artist who has built a strong community around your personal brand, or even if you are an avid NFT collector, both of these useful skills can be taught to others for a fee.

Depending on your client’s goals, you can offer multiple rates with varying levels of depth and coaching. Perhaps for your higher paying clients, you can offer live support 3 days a week, for example.

Ultimately, it’s your NFT course. You can structure the course however you think will best suit your clients needs.

7. Write a book covering NFTs

Books are full of information. Considering NFTs are so new to society, we can assume that numerous people are seeking to increase their knowledge by studying books and educating themselves on the NFT space. 

There are a lot of ways you could go about publishing your own NFT book. You could go super niche and just cover the buying and selling aspect of the NFT industry, or you could write an “NFTs For Dummies” type book.

Now, if you’re passionate about writing but you don’t want to deal with the headache of producing physical copies of your novel, then you could always offer your audience an Ebook.

An ebook covering NFTs would be simple to sell, convenient for both parties, and beneficial for your customers as long as you provide an insane amount of value in the book.

8. Be an NFT freelance writer

If you love writing but you aren’t sure you want to take on writing an entire novel, I don’t blame you. In that case, building your own NFT freelance writing business may be a great option for you.

With an increasingly large number of websites trying to cover all the NFT and crypto related news in the space, offering your writing skills to these brands could potentially be very lucrative.

As well, considering the NFT community is overflowing with news and updates every day, it’s safe to say that you could keep busy if you put in the effort to find writing opportunities.

I think one of the best things about becoming an NFT freelance writer is the freedom you have to express yourself and your knowledge, as well as having the ability to work from anywhere, anytime.

Seriously, if you enjoy writing and you like NFTs, then starting your own freelance NFT writing business is only one article away.

9. Make an NFT app (DApp)

Considering there are already millions of apps which consume our lives on a daily basis, it should come as no surprise that building a decentralized app, aka a dapp, is a solid business idea. The main difference between an app and a dapp is the backend coding. 

With a dapp, the backend coding is on a decentralized peer-to-peer platform known as the blockchain. The dapps are controlled by the logic written into the smart contract technology, giving the dapps a truly decentralized platform to build from.

As of today, there are not nearly as many dapps as there are apps, but that’s a good sign for opportunity. Some possible categories of dapps you may want to consider creating would be anything related to gaming, social networking, collecting, and—of course—NFT marketplaces are huge right now.

10. Become an NFT influencer

Everyone wants to be an influencer, but have you ever thought about niching down and becoming an NFT influencer? As an NFT influencer, you are able to build your personal brand all while providing your community with valuable and helpful content.

Once you build up a large enough following, you can start monetizing your own products and services. If you aren’t interested in creating your own products or offering your services, then you can just as easily reach out to other brands and let them pay you to represent their brand on your influencer profile.

To be fair, becoming an NFT influencer isn’t an overnight task. However, considering that the NFT community is so new, I believe this means that there is huge potential to start early and get ahead of the pack.

11. Use NFTs to raise capital for a startup

Maybe you don’t want to necessarily build a business around NFTs, but that doesn’t mean that you can’t at least use NFTs to help you raise capital for your future business endeavors. Believe it or not, many small startups are already doing this.


If you have bought any of the several 10k PFP NFT projects available, then you have helped someone raise capital. Many of the NFT projects that drop are taking their money they earn from the drop, and reinvesting it back into the business. You can do the same thing.

Although, I must warn you that as time goes on and the supply of NFT projects increases, so will the competition.

12. Become a metaverse DJ

The metaverse is a virtual universe containing smaller virtual worlds within. In these worlds are virtual assets in the form of NFTs. These assets range from virtual land to wearable goods for your avatar.

Virtual assets aren’t the only thing you will find in the metaverse though. The metaverse is a virtual space where people come to hang out and socialize. I’m talking about virtual parties, conferences, and other events similar in nature.

These events already take place within the metaverse. Considering how popular these virtual events may become in the near future, it may be an excellent idea to bring your DJing skills to the metaverse. You can build your brand around your avatar as the best DJ and perform at events all across the metaverse.

I understand that some of these business ideas may seem a little out of this world, and that’s because some of them are. Remember though, that’s how everything starts at first. Look at dial-up internet, or the very first computer.

It all seems infeasible at first, until it isn’t. I believe this is exactly where NFTs fall in terms of businesses surrounding the technology. If you are reading this article, congratulations. You’re still early.

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NFT Tech

What is the Metaverse? Explaining the Top 4 Metaverses

What is the metaverse?

The metaverse is best described as a virtual universe made up of shared 3D virtual spaces that are all linked together to create one massive virtual universe. These virtual worlds contain their own economies and some their own currency, as well as digital assets, avatars, and numerous monetization opportunities.

Overall, the metaverse idea is not new. One of the oldest metaverse dates back to 1993, when Steve Jackson Games was operating a bulletin board system (BBS) called Illuminati Online. Even though this metaverse was a text-based low bandwidth virtual reality system, the metaverse concept has not changed to this day; it has only evolved.

How do you enter into the metaverse?

Visiting the metaverse is simple. First, choose one of the several metaverses available that you wish to participate in. Next, you may be required to get your own crypto wallet along with some cryptocurrency for in-game use depending on the metaverse. Finally, create your avatar name and account before venturing into the metaverse.

In general, entering the metaverse is very easy, requires minimal effort, and is user friendly. Now, you’re likely wondering what some of the top metaverses are and what each one offers compared to the next. After hours of research, here are some of the top metaverses explained.

1. Cryptovoxels
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Cryptovoxels is a user-owned virtual world built on the Etherum blockchain that consists of a city known as Origin City. The streets of Origin City are owned by the corporation, whereas the individual parcels are owned by people like you and me. 

In order to get started exploring the Cryptovoxels metaverse, all that you really need is a computer and a steady internet connection. Cryptovoxels does not require you to install an Ethereum wallet or even own a parcel to be able to interact with the world. Rather, simply head to Cryptovoxels.com/Play to start exploring this virtual city.

Along with exploring Origin City, users are capable of creating, buying, and selling their own assets by using the in-game voxel builders, and then trading them on the NFT marketplace OpenSea.

For currency, Cryptovoxels previously had its own in-world currency called $COLR. As of June 2020, however, the token has been announced dead after Cryptovoxels decided to transition into using ETH as their preferred currency for all transactions.

When navigating through Origin City, you will notice that the overall function is smooth and user friendly. You can easily view the explorer while navigating to bring up a list of parcels and events, which you are able to teleport directly to. 

If you are curious about the metaverse and you desire a little taste for yourself, I believe that Cryptovoxels is a great place for you to start in order to get a hang of things in the virtual world.

2. Decentraland
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Decentraland is another popular space in the metaverse which is also built on the Ethereum blockchain. In Decentraland, you can purchase virtual real estate known as LAND, which is stored on the Ethereum blockchain in the form of a non-fungible token (NFT).

In order to obtain your own lot of LAND in Decentraland, you need to get a hold of Decentraland’s fungible ERC-20 cryptocurrency, MANA. With MANA, you are able to burn or spend it, in exchange for your own parcel of LAND. A parcel in Decentraland measures 16 meters by 16 meters, or 52ft by 52ft.

If you want to try Decentraland without getting a wallet, that’s fine. You can still roam around the virtual world, customize your avatar, and communicate with others, but you won’t be eligible to receive rewards or attend the various virtual events.

Additionally, it gets even more exciting with Decentraland’s very own marketplace, where you are able to trade and manage all of your digital assets. The Decentraland marketplace allows you to buy and sell parcels, as well as estates of LAND, digital wearables, and even unique avatar names.

3. The Sandbox
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The Sandbox was originally developed as a game for mobile devices and Microsoft Windows by Pixowl, and was released in 2012. However, in August 2018, Animoca Brands acquired The Sandbox in order to develop a whole new kind of game—a voxel based blockchain game—where users have the ability to earn from their in-game creations.

There’s more than 166K land pieces available in The Sandbox, which are split in two separate categories: regular land (96 meters by 96 meters), and estates (a combination of several land pieces used for building online experiences).

As for the assets, they are minted in the form of ERC-1155 tokens, which essentially act as a dual purpose fungible and non-fungible token, and are often used for in-game assets. These assets represent user-generated content like game characters and accessories. 

If you couldn’t tell, games represent the core of The Sandbox’s virtual world. You are able to build your own game and assets with no coding skills, thanks to The Sandbox’s easy to use interface. The creation tool VoxEdit, allows you to create your own in-game assets, while the Game Maker lets you build 3D games for free which you can then monetize.

There are numerous means to earn rewards and cryptocurrency playing The Sandbox. All you have to do is play games, make games, and create assets.

The Sandbox ensured that building games and creating assets is easy for anyone to do. After becoming a verified artist through the creator fund, you can export your creations to The Sandbox marketplace and start earning cryptocurrency as a reward for your creative talents.

4. Somnium Space
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Perhaps one of the lesser known metaverse worlds right now is Somnium Space, which is advertised as a new virtual reality world that is open, social, and present.

Somnium Space has created a virtual reality world with its own economy and currency, all tied together seamlessly. The platform is available from any device in 2D mode, or you can take advantage of VR technology and really submerge yourself in the metaverse from both your desktop and mobile device.

As far the VR technology goes, Somnium Space allows you to enjoy their virtual world using all of the major VR headsets. In fact, Somnium has partnered with Sony to take advantage of their 3D model creation technology, which permits users to build their own avatar characters effortlessly.

Moreover, Sony’s VR space inside of this special metaverse is the first of its kind! From what I can tell, Somnium Space appears to be extremely focused on scaling their community and offering users the ability to monetize their virtual land and assets.

Something I find exceptionally beneficial in this metaverse is the potential to analyze gaze tracking (measuring where people look), user engagement, and conversion rates.

If this doesn’t excite you and scare you at the same time, I don’t know what will. I believe that the opportunity to build something very user-centric in a virtual environment—and have the option to monetize your creations—is huge!

Somnium Space keeps the community at their forefront with daily meetups, an events calendar, and consistent communication across all their social media platforms. Although Somnium Space may not be the go-to metaverse right now, I’m confident that this community-focused virtual reality world will be one of the top in due time.

The metaverse is new, exciting, and full of so much opportunity. You are able to meet new people, create your own assets, and monetize your creations like never before. Welcome to the future. Welcome to the metaverse.