What are metaverse cryptocurrency tokens? – The Sun

What are metaverse cryptocurrency tokens? – The Sun

WITH the tech world abuzz with chatter of the metaverse, all eyes are trained on how the fledgling technology will incorporate cryptocurrencies.

Metaverses – virtual worlds where users can work and play – from the likes of Facebook and Microsoft are in the works, but a number of rudimentary versions from other creators are already up and running with their own digital currencies.

Crytocurrencies such as Bitcoin are lined up to play a huge role in the metaverse, a futuristic digital realm where users work and play

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Crytocurrencies such as Bitcoin are lined up to play a huge role in the metaverse, a futuristic digital realm where users work and playCredit: Reuters

What are metaverse cryptocurrencies?

Metaverses are sprawling universes that users access via a computer or virtual reality headset, allowing you to work and play in a fictional, digital realm.

In order to truly become fully immersive worlds with their own economies, they need a currency – and that’s where crypto steps in.

Metaverse cryptocurrencies can typically only be spent in the metaverse they’re tied to. You buy them through each virtual universe’s in-game store.

The coins can be used to buy in-game items, such as land or items which can then be traded with other players.

Like any other
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