Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Theta Network (THETA), Enjin (ENJ), and FIREPIN Token (FRPN) are cryptocurrencies with a vested interest in the development of virtual worlds and the online assets they generate. Non-fungible tokens (NFTs) are digital assets that may be purchased and traded but have no physical form; they symbolise ownership on the blockchain for those who have never heard of them. You may purchase and sell the original copies of these digital artworks in this instance. As they change hands, a blockchain maintains track of who owns them.
What is the Metaverse?
Facebook’s Mark Zuckerberg describes it as the next version of the internet. The term can be traced back to the cyberpunk novel Snow Crash. MMOs like Second Life and MMOGs share many of their properties with a virtual reality twist. The movie Ready Player One may be the best visual example of what the metaverse could look like.
It’s a massively scaled, interoperable network of 3D virtual worlds that can be interacted with by an unlimited number of people. The metaverse will be directed by diverse forms of technology such as cloud infrastructure, software tools, platforms, applications, user-generated content, and hardware. It will include various user experiences, including entertainment, gaming, commerce, social interactions, education, and research. The metaverse will require shared virtual worlds that incorporate persistence experience. Users will be able to move from universe to universe with their digital belongings. Decentraland (MANA), Horizon Workrooms, or Roblox are examples of what the future could look like.
Here are three cryptocurrencies and projects that have taken this next move in technological advancement:
Theta Network (THETA)
The Theta Network is the next generation of blockchains that are used for media and entertainment. Theta’s infrastructure lets existing video and media platforms generate revenue and cut down on the costs of delivering entertainment through a content delivery network (CDN). It also rewards users for sharing their storage or bandwidth on any PC, mobile, Smart TV.
Theta can run complete smart contracts, and it is fully compatible with the Ethereum blockchain. This means that a lot of interesting Web3 applications can be made on the Theta Network. Theta uses the millions of people who use the Theta Network to help seed its peer-to-peer video network, as well as partnerships with Lionsgate, MGM Studios, NASA, and other companies to make its network even better.
Enjin Coin (ENJ)
Similarly, Enjin (ENJ) is a blockchain-based platform that focuses on the metaverse, and also NFTs. ENJ is on the Ethereum blockchain too, this makes it simpler for companies and individuals to utilise NFTs.
Given the prevalence of the chain, this allows anybody to utilise them. However, it comes at the expense of the present high gas prices. NFTs are created using ENJ, which allows them to be sold in the real world on platforms such as OpenSea through a process known as minting.
Enjin has also received a USD 100 million grant to assist finance initiatives that will aid in the growth of their metaverse. This news may increase people’s confidence in the currency, causing it to rise when additional information becomes available.
FIREPIN Token (FRPN)
Similarly, FRPN intends to be a project that contributes to the formation and creation of the future generation of the virtual landscape. It has just begun its presale, which is generally believed to be the most efficient moment to invest. It is a metaverse decentralised autonomous organisation (DAO) that intends to keep and manage the FRPN token as a form of leverage and wealth storage for future metaverse initiatives such as ENJ and THETA.
If prices become volatile, FIREPIN intends to deploy the Algorithmic Reserve Currency technique, which will be aided by other decentralised assets, to avoid prices from swinging too far up or too far down. It will be based on the Binance Smart Chain (BSC), and it seems that FIREPIN has the intention of being a reserve currency. This metaverse DAO is concerned with the long-term and efficient utilisation of its capital.
With the creation of a game studio, you will also be able to invest in teams and organisations with a long-term strategy for Play-to-Earn Metaverse games. In this sort of cryptocurrency, a vote by the whole community will be utilised to determine what everyone wants.
FIREPIN was created with the intention of making the metaverse accessible to everybody. It aspires to create the metaverse, a location where individuals may experience a variety of exciting events rather than merely a financial gimmick.
Join Presale: https://presale.firepin.io/login