Metaverse this, Metaverse that. You might have heard the term thrown around the crypto sphere recently. But what does it mean?
Metaverse is a term that originated from the 1992 novel by Neal Stephenson called Snow Crash. It is the stuff of science fiction that originally referred to advanced immersive virtual reality.
These days Metaverse is more often used as a buzzword for different projects without the projects meeting the requirements of an actual Metaverse.
In this article, we look at three cryptos, Theta Network (THETA), The Sandbox (SAND), and Big Eyes Coin (BIG), that are either directly or indirectly contributing to the construction of the Metaverse.
A blockchain network built for video streaming, The Theta Network is one of the most popular crypto projects exploring the potential of the Metaverse right now.
With the express goal of revolutionizing the video streaming industry, The Theta Network wants to provide customer-centric services such as education, esports, and movies at a lower cost, better content, and a fairer profit structure.
The Theta Network is ready to take on the Metaverse, as it can already support VR worlds, video APIs, and video-based NFTs.
While strictly not a Metaverse token, Big Eyes Coin is a symptom of change across the whole of the crypto sphere thanks to the blending of fiction and reality.
Immersion is not created by realistic graphics or an artificial reality with Big Eyes Coin but through the fictional persona of Big Eyes the cat. Five years ago, no one could have imagined a creative and utterly nonsensical biography of a cat crypto character would appear in a Whitepaper.
With the story of a cat trying to save the world’s oceans and real-life charity donations, the currency is making truth and fiction integrate.
Furthermore, Big Eyes Coin uses social media to create interactivity with its fan base through quizzes and challenges.
Although BIG is no Metaverse coin, it is lending itself to Metaverse features, much like many other tokens at the minute.
The Sandbox is perhaps the most conventional expectation of what a Metaverse would look like. In a blockchain-based virtual world, users can create and sell almost anything they want, from houses to games to objects. The game utilizes a play-to-earn model that rewards players and encourages The Sandbox’s ecosystem.
Several well-known brands and celebrities have involved themselves with The Sandbox. On their website, the game advertises you can ‘Live one step away from legendary Snoop Dog’.
While many may not find The Sandbox’s retro blocky graphics too immersive and, as a result, not fitting into the original definition of the Metaverse, The Sandbox presents an exciting step in the right direction.
Well, by Neal Stephenson’s imagination in Snow Crash, maybe not yet. That being said, The Sandbox and Theta Network are fully initiating the start of the Metaverse trend.
Meanwhile, non-Metaverse tokens like Big Eyes Coin are not actively seeking to adopt Metaverse features but find themselves integrating fiction with reality anyway.
Whatever is happening in the crypto market, it sure does look like the blockchain and the real world are getting closer and closer.
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