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The concept of the metaverse blossomed last year, with several metaverse-inspired projects and tokens getting widespread attention and attracting investment. These projects and tokens included FIREPIN Token (FRPN), Axie Infinity (AXS), and Decentraland (MANA). These projects intend to take the metaverse one step further.
Within the metaverse, work, recreation, and shopping are all available. It may be classified into three broad categories:
It is known as the Web 3.0 metaverse. In web 3.0, people, information, objects, and places are all linked. In contrast to web 2.0 and web 1.0, web 3.0 is focused on connecting people and groups of persons. In the metaverse, there are no bounds to the connections that may be created. Demand for cryptocurrencies has increased as the platform has expanded and matured. Those at Axie Infinity (AXS), Victoria VR (VR) and FIREPIN (FRPN) have created unique experiences for their token holders.
The game's central characters are called 'Axies,' and they are non-fungible tokens (NFTs) that generate revenue and allow for price speculation in their own metaverse.
A user may earn tokens by taking on bot monsters (Adventure Mode) or other players (Arena Mode) with three Axies. The prizes for completing daily assignments and difficulties increase as you continue through the game.
While AXS is presently trading at USD 46.80, it is worth noting that this currency is down -71.7 percent from its all-time high of £164.90. Who knows what direction this cryptocurrency will go next?
Victoria VR (VR), launched in December 2021, is a Metaverse cryptocurrency that utilises Epic Games' Unreal Engine to create an
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