The Metaverse, a Wonderland with Blockchain and Gaming

The metaverse will inevitably become the realm of the next generation of blockchain games by incorporating the immersive environments of VR, the engaging play of video games, the networked interaction of social media, and the value exchange of cryptocurrencies.

What Exactly is the Metaverse?

The term metaverse was coined in the 1992 science fiction novel Snow Crash by Neil Stephenson as a portmanteau of “meta” and “universe”. Basically, a metaverse is an immersive virtual world shared by players who can be represented by avatars, where they can interact and create experiences alongside in-world objects and landscapes. A metaverse usually has an intrinsic economy and currencies, with which users can sell, buy and trade digital items, real estate, and the like. The metaverse can be experienced via a virtual reality headset, computer, or smartphone.

A metaverse that incorporates blockchain and crypto assets like metaverse tokens into its economy is called a crypto metaverse. Massive multiplayer online games have included metaverse-like environments for a long time now, but the implementation of blockchain, cryptocurrencies, and VR is not just remarkably altering who can participate and what they can do but also exhibiting the actual value of assets, experiences, and interactions acquired in the digital dimensions of blockchain games. Crypto assets and items like digital objects and land are usually represented by different types of metaverse tokens in the metaverse. With the ownership recorded on the blockchain, they can even be exchanged for cryptocurrencies like bitcoin and ether on decentralized exchanges.

Crypto metaverse designers have generally tried to differentiate their worlds from earlier examples in numerous ways:

Decentralization

In the past, companies owned and controlled virtual worlds; crypto metaverses are commonly decentralized, with some or all parts of metaverse games built on blockchain technology. This way, blockchain metaverses tend to break away from the current gaming industry’s mainstream business structures and value extraction modes. This feature of the blockchain games can create more fair engagement opportunities for the participants. Thus, ownership of the metaverse is shared among the users.

User Governance

Crypto metaverses employ DAOs and governance tokens to put users in control of the game’s future, enabling them to govern changes and updates through a voting system. Metaverses hence can become more than gaming spaces, growing into societies and economies with democratic leadership.

Provable Ownership

Assets in crypto metaverses can take the form of crypto tokens, like NFTs. In gaming spaces, achievements and acquisitions can represent tremendous value to gamers. NFTs renovate in-game item standards with the necessary transparency and access to real-world markets. Since each NFT is unique, tokens and items can be coded to efficiently prove the origin of user-generated in-game content together with NFT gaming assets.

True Economic Value

Crypto metaverse economies are directly connected to the world’s crypto economy because they use blockchain infrastructure and cryptocurrency tokens. Hence holders of NFTs, metaverse tokens, digital estate, and skins can trade them on NFT marketplaces and DEXs, claiming real-world value for metaverse investments.

Angelic and the Metaverse

The Angelic metaverse will include elements of blockchain with two native cryptocurrencies: the Angelverse token $ANGL and the Neo-Coin token $NCOIN. Both tokens will have specific utility.

One of the primary reasons we want to utilize the blockchain in Angelic is our desire to integrate the community into the project. Through blockchain technology, the digital data of our players, like characters and ships, can be converted into tangible assets to grant real ownership.

The blockchain features will not only allow for true ownership but will also create security around players’ assets, preventing replication and destruction. This way we give full ownership to the players, let them earn money along the way, and most importantly, provide them with governance rights over the game.

What the Future Holds for Metaverse Games

While still in the early stages of development, metaverses and NFT games present fascinating social and financial opportunities for the future. Metaverses can present users with new ways to play, interact, invest and, ofcourse, earn. While the development of a myriad of singular metaverses is extraordinary, there is also a significant potential for different metaverse games to interact and become interoperable, which could drive the evolving blockchain gaming ecosystem into becoming an anchor of the global economy.

Metaverse games are set to become the focal point in the next phase of the internet through the incorporation of immersive VR environments, addictive playability of video games, social media interactivity, and the value propositions of cryptocurrencies.

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