• The METAVERSE is on its way, and it will be massive

  • Consider a world in which you can exist as a digital representation of yourself, or a ‘Avatar.’ Imagine being able to see and do things in this world that you are unable to do in the real world.

    And can you imagine doing all of this from the comfort of your living room?

    Welcome to the METAVERSE, a virtual world where people can work, play, trade, and socialize.

    It’s coming, and the possibilities are, to put it succinctly, ENDLESS.

    The ‘Metaverse,’ according to Wikipedia, is “a collective virtual shared space created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the Internet.”

    The METAVERSE, despite being difficult to describe, has piqued the interest of many people.

    This week, Facebook rebranded the entire company to META, giving us a sense of how large the METAVERSE will become. With all of these changes, let’s take a closer look at three of the GameFi and META games that are being developed as the METAVERSE expands.

    THE SANDBOX

    The Sandbox is a virtual gaming world within the Ethereum Blockchain where players can create, build, trade, own, and monetise their gaming. In contrast to existing game makers such as Minecraft and Roblox, the goal is to provide gamers with actual ownership of in-game items as NFTs (non-fungible tokens) and reward them for their playtime and participation within the games ecosystem.

    THE SANDBOX’s currency is $SAND, which is used in all transactions. It allows users to gain access to the platform, play games, stake (if desired), and earn rewards. The $SAND token is currently available on over 20 exchanges, the most well-known of which are Crypto.com, Bittrex, and Kraken, among others.

    The Sandbox is currently one of the top five Metaverse projects, accounting for approximately 7% of the sector.

    AXIE INFINITY

    In a nutshell, Axie Infinity is a blockchain-based Pokemon-inspired game in which players can battle other players and earn money.

    Axies are one-of-a-kind digital assets that are stored on Axie’s own blockchain and are owned in the form of an NFT. To date, the most expensive Axie sold was for 300 ETH (Ethereum). Existing Axie owners must “breed” them in order to create a new Axie by spending in-game currency earned within the game or purchased from an exchange. Owners can earn in-game currency by winning battles or selling their Axies to other players. Any earnings can then be sold or traded for money on the open market, generating revenue for players.

    Axie was one of the first to combine Crypto, Play To Earn, NFT’s, and METAVERSE when it launched in March 2018, and it continues to grow with a total trading volume that exceeds $2.4 billion.

    JEDSTAR

    JEDSTAR is a relatively new project, set to launch in August 2021. It is a three-token, decentralized ecosystem comprised of $JED, a DeFi token, $KRED, a GameFi token, and $ZED, a Governance token. AGORA, an NFT marketplace where players can buy, sell, and trade their in-game NFTs, will also be launched.

    The first token to be released was the DeFi token $JED in August 2021, and the second token $KRED will be the in-game currency as well as the currency for the AGORA NFT Marketplace when it launches in November 2021. The governance token, $ZED, will be released later, possibly in early 2022.

    JEDSTAR is also working on a DCCG (Digital Collectible Card Game) with Frag Games, as well as a Massively Multiplayer Online Role-Playing Game (MMORPG), both of which will use $KRED as in-game currency. They also have a partnership with SkillGaming for the upcoming STARDOME, which will also use $KRED as its in-game currency, but this partnership will also allow players to easily convert their fiat currency into $KRED, facilitating an easier way for people to access cryptocurrency and, as a result, aiding in the mass adoption of cryptocurrency in general.

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