The Metaverse officially entered the public domain in November 2021, when Mark Zuckerberg revealed that Facebook would be rebranded to Meta to kickstart humanity’s journey into the virtual realm.
‘Metaverse’ is an umbrella term for a virtual connection, whatever its size, and it can even develop in a space where we spend a significant portion of our time.
Metaverse coins are already a significant part of the market, with a market capitalization of $25 billion. Most analysts expect it to continue to grow in 2022.
Zuckerberg and other Metaverse developers have great goals. They are convinced that practically all areas of daily life can be transferred to the metaverse, such as:
- Socialization, including the use of social media.
- Negotiations and transactions in business
- Gaming, movies and live music are all forms of entertainment.
- Shopping: Virtual stores that offer virtual products.
- Immersive experiences for students in schools, colleges and universities
- Major forces are working to make these futuristic ideas a reality, and some are already coming to fruition, such as Decentraland (MANA), The Sandbox (SAND), and the Seesaw Protocol (SSW).
Decentraland (MANA)
Decentraland (MANA) is a virtual reality platform that works on the Ethereum (ETH) network.
The project was launched in 2017 with a $24 million ICO and is now the Metaverse cryptocurrency with the largest market cap; About $5 billion. Users can buy, sell, build and monetize land in the virtual realm of Decentraland.
Decentraland uses the Metaverse MANA as its currency. Residents can spend their MANA to upgrade their avatar, buy new outfits, get a better name, and buy additional irreplaceable items.
After a difficult start to the year, MANA recovered more than 70%, partly thanks to ties with JPMorgan. The financial giant is launching the Metaverse with a club in Decentraland.
sandbox (sand)
Sandbox (SAND), which is similar to Decentraland, was launched in 2011. Sandbox residents can purchase virtual land and build a vast array of custom-designed items on it. Sand’s market value of $3.5 billion is the second largest market in the Metaverse.
Sandbox has collaborated with many well-known celebrities and brands, including Snoop Dogg and Adidas. Gucci has just confirmed that it will buy land in the sandbox and allow sand holders to purchase exclusive Gucci products and NFTs.
The Metaverse has the potential to revolutionize education significantly. Topics that haven’t caught the full attention of some students can be completely immersed in using the combined power of virtual reality and virtual spaces.
For example, history lectures may transport students from the sanctuary of their classes to ancient Rome or trench warfare.
This is precisely the aim of the Seesaw Protocol (SSW), which is now in Phase 2 of its pre-sale. According to the company’s presale page, it will “use Seesaw (the Metaverse) to complement traditional learning methods with unforgettable experiences that engage and inspire.”
The founders of SSW will seek participation from major Ivy League and top tech universities and colleges to potentially bring these technologies to institutions in the United States.
SSW has grown by about 2250% since its inception in mid-January 2022 at a cost of $0.005. According to some analysts, it may continue on this sequence for its pre-sales balance and climb up to 7000 per cent. It continues to increase by 5% daily. The current price is $0.119.
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