The race towards Web3.0 is growing stronger by the day. When Facebook rebranded to Meta, investors started to look into buying Metaverse-related projects, companies, or even cryptocurrencies. However, Facebook initiated crypto-related projects, only to dump them after a while due to regulatory constraints or other managerial concerns. Today, investors are looking for Metaverse tokens that are truly decentralized, not belonging to a central company. Let’s explain the difference between Meta’s metaverse and the truly decentralized metaverse. We’ll also mention the top 3 Metaverse cryptos to buy during the upcoming bull run. You’re welcome 😉
Is Facebook’s Metaverse truly Decentralized?
The fact that Facebook will continue to control its social network as they have in the past is one of the reasons why many are beginning to question the rationale behind the name change to Meta. This just fuels the public’s rising resentment of the corporations who prefer to retain the status quo for themselves rather than giving people genuine authority over the platform. When Meta claims to be a metaverse, it is basically only giving its users the appearance of choice by describing itself as a VR social network without actually letting them choose what they want the platform to look like or put up with while using it.
This is the kind of Metaverse that no one will be attracted to using. This is one of the main reasons why previous crypto projects by Facebook failed. Examples of those fallen projects are Libra and Diem. You cannot market your project as a cryptocurrency, then have full access to the transactions and host the blockchain on your own servers.
Top 3 Metaverse Cryptos to Buy
True decentralized metaverse projects use a decentralized governance model. They give their users the power to choose the platform’s future. This enables individuals to really have the flexibility to submit their own recommendations, which will then be voted on by other users. The latter will then determine whether or not to adopt those decisions. The fact that the developer or firm does not have the ultimate word gives a lot of people control over the situation. That’s what a true decentralized project is about: giving power to the users.
Let’s mention the top 3 metaverse cryptos to buy.
#1 The Sandbox (SAND)
Sandbox is a virtual world based on blockchain, where users can buy, sell or even create their own digital assets. Thanks to Decentralized autonomous organizations (DAO) and Non-Fungible Tokens (NFTs), Sandbox created the perfect online experience, combining decentralization and gaming. As a mission, Sandbox aims to bring blockchain technology to the masses. Not only do they target gamers, but they attract creators as well, as not only can users play to earn, but also create digital art and sell them in-game.
#2 Decentraland (MANA)
Decentraland is a virtual world where users can purchase, trade, and create digital real estate, art, and non-fungible tokens (NFTs). Users can achieve this by playing games and joining different ventures in the virtual world. It runs on the Ethereum blockchain. Two various kinds of tokens oversee progress in Decentraland. These are:
- LAND – A non-fungible token (NFT) utilized to determine the purchase of land packages describing digital real estate.
- MANA – A cryptocurrency that allows possession of Virtual Land, as well as virtual assets and assistance applied in Decentraland.
#3 Star Atlas (ATLAS)
Star Atlas is about exploring a virtual space. There, players can build spaceships and upgrade them. After that, they can explore new planets and stars. Star Atlas chose Solana as the protocol to build its multi-layer metaverse. Star Atlas now has a market cap of $ 246 million.
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