A Decentralised Autonomous Organization (DAO) is a community with no company or leader making any decisions. It has a flat hierarchy and is built on the blockchain using smart contracts. FIREPIN Token(FRPN), The Sandbox (SAND), and Decentraland (MANA) are three community-based DAO platforms with plans to have a significant impact on the crypto world.
FIREPIN (FRPN) With The Capacity To Impact The Metaverse Industry
FIREPIN Token (FRPN) is a decentralised protocol based on the FRPN token, and is collateralised and backed by the metaverse DAO. It was founded in February of 2022 with a goal to make the platform’s community growth the best in the crypto world.
FIREPIN have plans to include all users in the decision-making process, allowing its members to contribute to the development of the platform through the acquisition of the FRPN token. FRPN is the native token of FIREPIN and its holders will have access to exclusive benefits as well as be able to make actual contributions to its policies and decisions.
FIREPIN Token (FRPN) will also allow cross-chain exchange of tokens across various blockchain networks which include Binance Smart Chain (BSC), Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX), and Solana (SOL). They plan to use treasury funds from members for NFT game development, 3D, and metaverse VR games.
Some of the features of the protocol include an NFT marketplace, staking and farming options, and swap functions – all of which make the FIREPIN Token (FRPN) more desirable and beneficial. The crypto project has about 7 days left in its presale phase 2 before it moves to its third phase. It is currently being reviewed by Certik Audit.
The Sandbox (SAND)
The Sandbox (SAND) is a play-to-earn (P2E) gaming platform that allows its users to earn money from their gaming experiences. Its mission, according to the white paper, is to offer a deeply immersive metaverse where players can design virtual worlds and games collaboratively and without any central leader. Their goal is to directly compete with game makers like Roblox and Minecraft by giving creators full ownership of their creations as NFTs, and rewarding their engagement with SAND.
SAND is the native utility token of The Sandbox and its holders will be able to contribute to the decision-making process and its governance through a DAO. The Sandbox (SAND) has over 50 partners – some of which include Atari, Crypto Kitties, and Shaun the Sheep all of which will contribute to its goal of a play to earn (P2E) gaming platform that is fun, creative, and most importantly that is made and owned by the players. It’s no surprise that The Sandbox (SAND), with its promise of true ownership, interoperability, and monetisation is attracting attention both from crypto game enthusiasts and non-crypto game enthusiasts.
Decentraland (MANA) is the first fully decentralised virtual world and is powered by the Ethereum blockchain. It is one of the biggest play-to-earn (P2E) games that is based in the metaverse. With the platform, users can create content and/or apps and monetise them.
In Decentraland, there is Land and MANA. Land is a non-fungible, transferable, and scarce digital asset stored in an Ethereum smart contract and it is purchased with MANA. It is divided into parcels that are permanently owned by members. MANA, which is an ERC20 token, is Decentraland’s native currency. The token can also be used for in-world purchases of digital goods and services. Decentraland (MANA) is currently ranked at 38th on CoinMarketCap with a market cap of over $3 billion.
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