Cryptocurrencies are moving further and further into the mainstream with more of the world’s population being able to access technology and gaining an awareness of the possibilities that are out there.
Three cryptocurrencies that have entered the metaverse and created their own marketplace are Axie Infinity (AXS), Decentraland (MANA), and FIREPIN (FRPN).
NFTs are a novel approach to establishing ownership of digital property via the use of a blockchain ledger. As with cryptocurrencies, these digital assets are traded using blockchain technology and have gradually seen an increase in interest and activity from gamers, influencers, and artists who have figured out how to use the technology to their benefit.
Axie Infinity (AXS)
Axie Infinity is a blockchain-based game with a narrative like that of the popular Pokémon series. The game has the most active user base of any Ethereum-based game. The primary characters in the game are called ‘Axies’ and they are non-fungible tokens (NFTs) that create both income and price speculation.
Using three Axies, a player may take on bot monsters (Adventure Mode) or other players in Arena Mode to win cryptocurrency. As you progress through the game, the rewards for accomplishing daily missions and challenges grow as well.
AXS is currently trading at $46.77 and although this may seem like a risky investment to you, it is worth noting that this coin is down -71.5% from its all-time high of &164.90. Who knows where this crypto will go next?
Decentraland (MANA)
Decentraland is the most expansive of all the blockchain-based virtual worlds.
Each land plot is a non-fungible token (NFT, ERC 721), which means it is unique and cannot be fabricated or reproduced, much like real-world land.
At any moment, anybody may purchase, sell, or rent land peer-to-peer on the official Decentraland Marketplace. All transactions are recorded on the Ethereum blockchain as actual evidence of ownership, which means that when you purchase and hold a land token, you unambiguously own that piece of land. Each Decentraland land token contains a unique pair of coordinates that correspond to a particular spot on the Decentraland map. Its worth is often determined by its proximity to major locations, such as roadways and plazas.
MANA is currently trading at $2.27, down -60.9% from its all-time high of $5.85. Now might be the time to invest as there is no knowing where this price might soar to in the future.
FIREPIN (FRPN)
FIREPIN (FRPN) is a community token founded in January 2022. However, since the FIREPIN Token (FRPN) is still in its infancy, it might be the optimal moment to purchase. The token’s value has more than tripled in less than a week. With just a few weeks left, this figure might quadruple.
A critical component of their approach is to invest in teams and firms with a long-term vision for Metaverse Games and P2E via the utilisation of user-granted treasury money for NFT Game development, 3D and Metaverse VR Game development. Naturally, the NFT Marketplace is a major component of their community. Everyone will be able to create and sell their own NFTs.
Additionally, there is a little fee applied while purchasing FIREPIN Tokens (FRPN). This price structure benefits FRPN owners significantly since half of it is reserved for those who already own it. The remainder of the PancakeSwap fee will contribute to FRPN’s stability by encouraging users to purchase and hold rather than sell, thereby increasing the liquidity pool’s size.
Conclusion
The inevitable integration of NFTs into video games has inflamed a long-running discussion in the cryptocurrency and gaming communities. Lots of people will be questioning whether NFT linked cryptocurrencies are a scam or a revolution. Supporters say that it enables players to genuinely control their digital assets and sell or trade them independently of the whims of a single app store or game developer. Axie Infinity (AXS), Decentraland (MANA), and FIREPIN (FRPN) will all allow this and enable users to earn money at the same time. All in all, these cryptocurrency metaverses and NFT marketplaces will contribute significant developments to the gaming and crypto community.
The figures mentioned were from the latest data at the time of publishing.
FIREPIN Token (FRPN):
Join Presale: https://presale.firepin.io/login
Website: https://firepin.io/
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