The Metaverse Giants – Axie Infinity (AXS) Decentraland and Parody Coin (PARO)

 

 

The internet’s favourite buzzword recently is the metaverse. We’ve heard it almost everywhere, as it continues to be hyped on social media. But what is it? Essentially, the metaverse is a theoretical vision of a digital 3D world that players may enter through a digital reality headset. In this virtual world, players can interact with each other, play games and perform most of the activities that you already do in everyday life while earning.

Axie Infinity

But How Does The Metaverse Work?

Blockchains are, essentially, the backbone of cryptocurrencies and have managed to introduce decentralised virtual markets for as long as crypto exists; for instance, there is a recent craze about NFT marketplaces. The metaverse houses many digital gaming universes games, and so the metaverse functions as a shared space built to connect virtually enhanced realities and the physically persistent virtual space.

However, these blockchain-based games provide players (and investors) with real ownership of digital assets; represented by non-fungible tokens (NFTs) that you can acquire in NFT marketplaces. Join and start monetising your gaming experiences.

Coins That Will Own The Metaverse

Axie Infinity (AXS) – Leader In NFT Gaming

As one of the many metaverse realities, Axie Infinity is an online gaming platform inspired by everyone’s favourite, the Pokemon universe. Within the universe, you can find Pokémon-esque pets called Axies (from where the game takes its name).

There are plenty of fun utilities for players in the game. For instance, you can choose to collect the Axies creatures and keep them as virtual pets. It enables players to do much more with these pets such as battles (players versus players), breeding, collecting, raising, and building kingdoms.

There is also a limitless combination of +500 customisable parts for the pets and each has an individual genetic imprint. The Axies can be bred to produce unique descendants as well as be sold on the Axie marketplace. Additionally, the fact that each Axies is rare is what makes them so profitable; but why? Every Axie works like an NFT (Non-Fungible Token); these in-game digital assets represent the Axie creatures and confer ownership to the player, allowing them to trade on the game’s marketplace for real money.

There are many types of NFT marketplaces. For instance, the Aquasis Protocol (AQS) revolutionised the NFT sphere with a fresh and innovative NFT Lottery Auction. NFT Project Teams will soon have the opportunity to feature their NFTs on Aquasis Portal through lossless NFT auction pools.

Axie Infinity (AXS) offers an in-game currency that you can make while playing. Coin Holders are provided with the opportunity to decide on governance votes and how the funds of the Axie Community Treasury are distributed. The Axie Infinity price today is $56,35 with a live market cap of $3.4 Billion. It has a circulating supply of 60.9 Million AXS coins and a total supply of 270 Million

Axie Infinity

Decentraland – The King Of Virtual Real Estate

Introduced in 2018, Decentraland is an NFT gaming platform built on the Ethereum blockchain and has a virtual world where users can design characters, interact with other users and build cities by purchasing land. Not only does Decentraland provide gamers with the opportunity to monetise their experiences, but it also features a marketplace for content creators who want to profit from art while being entertained by 3D Interactive activities.

Decentraland has proven its success on many occasions. For instance, it saw over $26 million in ether through an initial coin offering (ICO) before launching in February 2020.

It has two native tokens, MANA and LAND. The MANA coin is how gamers can purchase LAND; however, it can also be used to buy avatars, names, wearables, and other items. Gamers can make money and profit with LAND by participating in the creation of interactive games as well as advertising. With a market cap of $4.3 Billion, the Decentraland (MANA) price today is $2,36 with a 24-hour trading volume of $490.9M.

Parody Coin (PARO) – The Future Of The Metaverse

Parody Coin is a deflationary utility coin built on a Binance Smart Chain (BEP-20) whose main purpose is to provide investors with a variety of passive income opportunities through minting, trading and marketing parodies of popular NFTs. And, for their metaverse presence, they also feature a Paroverse.

Parody delivers the following main forms of utility: (1) Parody Swap, a place for investors to trade crypto coins on any blockchain for the same amount of Parody coins; (2) Parody Bridge, which enables PARO coins to be sent to other blockchains; (3) Paroflection mechanism, that allows investors to render rewards in the native PARO token.

The Paroverse, however, is one of the many innovative components of the ecosystem created to aid in accommodating the emergence of NFTs, suggesting it was created to meet the needs of metaverse evolution. As such, the Paroverse allows investors to generate and interact with virtual worlds that are interfaceable with the real world, all via NFT parodies and other decentralised applications.

The PARO coin has just recently begun its presale stage and now is the best time to invest, as experts predict the token will rise in value. A total of 300 million PARO coins were pre-mined before the Initial DEX Offering (IDO) on PancakeSwap and the price of PARO is $0.002, as of today. PARO has the capacity to use BoostX, as the launchpad technology was created to assist new cryptocurrencies during their launch and presale stage.

PARO

Join Parody Coin’s Presale: https://presale.parodycoin.io/

Join Parody Coin’s Presale: https://presale.aquasis.io/

 

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

What Are E-stablecoins And How Do They Operate?
What Are E-Stablecoins And How Do They Operate?
August 11, 2022
How to Choose a Legit Crypto Casino?
August 5, 2022
Spend Crypto
5 Ways to Spend Crypto
August 2, 2022
What Is A DAO LLC?
What Is A DAO LLC?
August 2, 2022
Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin22,835 0.04 % 2.39 % 4.65 %
Ethereum1,822.8 0.14 % 1.18 % 3.12 %
Tether1.000 0.07 % 0.12 % 0.05 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB292.34 0.19 % 4.69 % 9.67 %
Binance USD1.001 0.12 % 0.01 % 0.04 %
XRP0.3634 0.09 % 2.86 % 4.63 %
Cardano0.4956 0.09 % 7.68 % 6.78 %
Solana42.12 0.56 % 2.22 % 3.81 %
Dogecoin0.07435 0.16 % 7.27 % 4.74 %

bitcoin
Bitcoin (BTC) $ 22,840.00
ethereum
Ethereum (ETH) $ 1,824.07
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 291.97
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.362663
cardano
Cardano (ADA) $ 0.494502
solana
Solana (SOL) $ 38.34
dogecoin
Dogecoin (DOGE) $ 0.074299