![]() ![]() As the play-to-earn model grew, however, criticism was leveled at its hierarchical nature. Unlike its centralized cousins, Axie Infinity is domiciled on the blockchain, monsters are bought in the form of NFTs and the tokens earned-AXS-is a cryptocurrency trading actively on the market.ĪXS was wildly popular during the pandemic as a way for people to earn money while locked up at home. Players pit cute-looking monsters against each other to win in-game tokens. Axie Infinity (AXS)Īxie Infinity took the crypto world by storm during the Covid-19 pandemic, emerging as the biggest “play-to-earn” game, blazing a trail for the likes of Sandbox and Decentraland.Īxie Infinity is inspired by popular games like Pokémon and Tamagotchi, and in many ways, it’s similar. Theta’s advisory board includes Twitch co-founder Justin Kan and YouTube co-founder Steve Chen. Those in the traditional video streaming business have taken notice. The more people on the network, the higher the streaming quality and speed. The Theta Network is designed so that when users consume video content, part of their computer power and spare bandwidth is leveraged to relay those videos to other users on the network. According to Theta, this vision would give a bigger piece of the pie to content creators and make video cheaper for consumers. The company’s promises are like many metaverse business plans: reduce costs, transfer power from companies to the masses and eliminate intermediaries. It aims to decentralize video streaming, operating a peer-to-peer video delivery network. YouTube, Netflix, Amazon Prime and Twitch are the titans of video streaming, operated by centralized companies wielding great power.Įnter Theta, a blockchain that is purpose-built for video streaming. ICP’s price is significantly down from its initial highs. While it’s still one of the larger cryptos around, enthusiasm has waned. Initially, ICP gathered a towering market cap of more than $45 billion when the token traded for around $700. It aims to execute this vision with smart contracts, offering enhanced speeds with reduced computational costs.īacked by big names like venture capitalist ( VC) Andreesen Horowitz, its performance has been brief but turbulent. Launched in May 2021, Internet Computer seeks to change that order, striving to give users the ability to move to a more inclusive, open-source internet. The thinking is that today’s internet is primarily built by centralized companies like Alphabet-which owns the family of Google products-or. The goal of ICP is ambitious: Replace the centralized internet that we are all familiar with today with a decentralized alternative. Internet Computer was developed by the Swiss nonprofit organization Dfinity Foundation. The goal behind APE is for voting and governance issues, and transacting within the “Ape metaverse.” 2. To harness the popularity of these pricey apes, APE was airdropped to every holder of a Bored Ape or Mutant Ape NFT in March 2022. Its sister NFT collection, Mutant Ape Yacht Club (MAYC), carries an $18,500 price tag as a floor price, CoinGecko’s data shows. The lowest price for one of these blockchain art monkeys is estimated to be a whopping $100,000. It was designed to power the growing ecosystem around the popular Bored Ape Yacht Club.īored Ape Yacht Club is one of the most successful non-fungible token ( NFT) art collections. ApeCoin (APE)ĪpeCoin is not only one of the biggest metaverse coins on the market but also one of the newest. Here’s a look at the top metaverse coins-cryptocurrencies that play a role in facilitating commerce and exchange within the metaverse-that have market capitalizations greater than $500 million. However, its role in shaping the metaverse has been complicated by the big declines of the crypto winter throughout 2022. ![]() This broadly futuristic concept became a household word after Facebook rebranded itself as Meta Platforms last year.Ĭryptocurrency is beginning to play a key role in certain precincts of this brave new world. From shopping and entertainment to learning and gaming, some tech firms see the metaverse as a new frontier that could be as transformative as the world wide web was a generation ago. If you’re new to the party, the metaverse is the latest iteration of virtual reality, or worlds accessed by people using virtual reality headsets. The metaverse is one of the internet’s favorite new buzzwords. ![]()
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