At the moment, the meta-universe is rapidly evolving. The number of projects continues to grow, covering different aspects of digital life. Blockchain technology plays a decisive role in the development of the meta-universe.
Binance Smart Chain is a platform for a large number of such projects. These include RPG games such as Cyber Dragon and Alien worlds, the SecondLive metaclass universe, and even the custom casino decentral.games. Collectible card games, such as TopGoal, have also found their place in the meta-universe.
Ethereum Decentraland and Sandbox blockchain projects allow players to create a digital identity, acquire virtual land, and trade NFT on their respective trading floors. In this way, users can not only play but also participate in the DeFi economy, generating income. Bloktopia has similar features, being a 21-story virtual skyscraper where users can generate income by selling or renting virtual properties.
Although Enjin does not yet have 3D virtual reality capabilities, it does provide tools for creating gaming resources. NFT is another important part of the meta-universe, with which digital collection is accomplished. Enjin allows users to create liquid NFTs, which can be exchanged for ENJ tokens at any time.
The year 2021 brought many changes for blockchain and cryptocurrencies, from meme coins to bull cycles to NFT. And in the second half of the year, a new trend was the metauniverse, an ecosystem that combines social life, work, and immersive technology. Even though the meta-universe is still under development, cryptocurrency is already playing a central role in it. Let’s take a look at some blockchain projects in the meta-universe.
Why are cryptocurrency and blockchain important to the meta-universe?
To determine the importance of cryptocurrency and blockchain to the meta-universe, we need to understand what it looks like. The meta-universe is an online universe populated by 3D avatars that allows users to work, communicate, learn, and create in one place. Some call it the next step in the evolution of the Internet.
If the Internet has PayPal and card payments, the metacommuniverse has cryptocurrency, creating a digital economy. Blockchain has proven to be a useful technology for six key areas of the meta-universe: digital proof of ownership, digital collection, funds transfer, management, accessibility, and interoperability. Blockchain technology provides a transparent and cost-effective solution ideal for the meta-universe.
Binance Smart Chain meta-universe projects
With the advent of the meta-universe on Binance Smart Chain, there has been a huge amount of change. Projects range from collectible card games with real players, such as Top Goal, to universes with RPG games, such as Cyber Dragon and Alien Worlds. A custom casino decentral.games and a 3D virtual world called SecondLive have also been created as part of the meta universe.
What is a Sandbox (SAND)?
Sandbox is a game universe in which users create worlds using NFT (non-exchangeable tokens). Created in 2011 as a mobile game, Sandbox has evolved into a sophisticated Ethereum game using ether (ETH) and SAND token as the basis for the in-game economy.
During the game, users create an avatar by establishing a digital identity, a key concept in the meta-universe. In doing so, the avatar can be linked to a cryptocurrency wallet to manage NFT, SAND tokens and other blockchain assets. Players can even design games and virtual items themselves using VoxEdit and Game Maker tools to create sophisticated professional video game resources, which can then be turned into NFT. In this way, Sandbox is a play-to-earn format game where users can trade virtual items for revenue.
What is Decentraland (MANA)?
Decentraland is a three-dimensional universe in which players develop plots of land, organize events, create items, and participate in a variety of social activities. Decentraland’s economy is based on blockchain, allowing for digital identity, virtual property ownership and the rarity of unique items. It is one of the most famous projects, which was popular even before the general fascination with the meta-universe in late 2021.
Decentraland developers Estaban Ordano and Ari Meilich took a simple 2D game and turned it into a big world with an NFT worth hundreds of thousands of dollars in 2016. In addition, the project has its own utility-token ERC-20 MANA.
Decentraland fits into many of the concepts of the meta-universe: 3D interface, digital economy, social elements and game events. In addition, the Decentraland universe is an important part of the meta universe, as the game is connected to many other projects. Decentraland is also known for its NFT in the form of a virtual real estate called LAND, which provides voting rights in a decentralized autonomous organization (DAO). The value of LAND is growing rapidly, making it a popular currency among traders and investors.
What is Enjin (ENJ)?
Enjin is a blockchain platform for creating NFTs used as in-game elements. It has released software development tools (SDKs) to make it easy for ordinary users to create Ethereum-based NFTs. Since NFTs are already a key part of the meta universe, Enjin sought to develop a more secure way to create them.
The main disadvantage of NFTs is their illiquidity, as it can take some time to find buyers. However, Enjin NFTs can always be exchanged for ENJ coins, which guarantees their value until the ENJ price reaches zero. Thus, converting NFTs to ENJs can provide instant liquidity as there is no need to wait for a buyer. By helping to support digital collecting and scarcity, Enjin plays its part in the development of the meta universe.
What is Bloktopia (BLOK)?
Bloktopia is another meta-universe game set in a 21-story skyscraper. Like Decentraland and Sandbox, Bloktopia covers social life, work, communication, and more. The skyscraper has 21 levels, corresponding to a maximum offer of 21 million BTC. The project uses Polygon blockchain to support four main aspects: exploring, earning, playing, and creating.
1. Learning – Bloktopia provides users with data about blockchain and how it helps support the meta universe, providing a more accessible and interactive way to learn about cryptocurrency.
2. Earnings – Bloktopia uses a “play-to-earn” model based on BLOK’s native token, the virtual real estate known as Reblok, and Adblok’s advertising capabilities.
3. Gaming – Players are able to connect with friends online and enjoy a variety of user-generated games and content.
4. Creativity – Bloktopia provides players with the tools to create environments and even digital advertising platforms.
The development of the meta universe still has a long way to go. As of today, the device, appearance, and plot of the games are quite simple. Many of them are still in the planning stages and are not even available for testing.
One thing is for sure, however, the number of new projects continues to grow. Whether it’s a big game company or a small meta universe crypto project, they are all developing extremely fast. The projects described are just a starting point, so we recommend checking back regularly for updates and news to keep up with the latest developments in the meta universe.