Gaming and Cryptocurrency in the Metaverse

A reality made of crypto, blockchain technology, tokens, and video games: Welcome to the Metaverse

The concept of metaverse has officially entered the “pop” language.

Thanks to Zuckerberg and his change of name from Facebook to Meta many have started to “chew” the word Metaverse. Of course, it doesn’t start with Zuckerberg, but the metaverse is a concept, a project, that comes from far away, and slowly, it’s becoming a reality.

In short, many years have passed since Ernest Cline’s book in which there was talk of parallel reality and, from what experts say, it will be long before it becomes a consolidated reality for users and sponsors.

The various facets of the metaverse

The metaverse has various facets, or it would be more correct to say, it could have various facets. The “simplest” is to think of it as the construction of a parallel reality where users can create their own new world, virtual relationships and live a life immersed in the new social.

This is just one of the ideas of how to exploit the metaverse (of course, this is Zuckerberg’s project where he decided to invest 5 billion euros). To this idea we can add others related to the business, to virtual realities that help to “live” an experience with products (as did Ford presenting the first electric Mustang Mach-E).

In short, the concept is the same – create virtual and parallel realities to make the user live experiences far from everyday life.

Give a new world where you can enter and live a new “life”.

The metaverse and the game: a continuation of reality

Once you understand what the metaverse will be, I think it’s easy to imagine it in the gaming world.

Already today it is possible to live parallel realities shared with other players in the world through various games, such as Fortnite and Roblox – just to name a few. It is no coincidence that gaming companies such as Epic Game and Roblox are working to create a series of a metaverse in a short time to give players new immersive platforms for the game.

Gaming e cryptocurrencies

Gaming, like social media, is entering a new phase of exploration. With a difference though.

If, as far as social media is concerned, virtual reality or metaverse appears as a natural but futuristic continuation (not very distant), for gaming we are talking about something which exists, that is developing and that is already being experienced now.

This new gaming reality, in fact, has also become the ground for another step forward. We are talking about combining gaming with virtual reality and virtual currency. An evolution that only five years ago seemed impossible but that is now real, tangible.

You can earn virtual money by playing your own video game, your own game, in your own metaverse.

Gaming turns into a real parallel world where you can also take part in events, get to know other avatars, earn or lose money. It has gone to create a new “world” where cryptocurrencies, blockchain technology, tokens, and video games reign supreme.

A world still nebulous but with frightening numbers

Like all new virtual experiences, cryptocurrencies in gaming do not have a clear path.

There is no data that prove and certify that people are earning real money with these new possibilities.

There are uncertain sources, there are denials, there are announcements but nothing that can certify the real economic value of what you earn virtually. In this world where it is difficult to move, however, we try to give certain numbers, on which we can reason to understand the scope of what is happening to us.

According to DappRadar, a company that tracks decentralized finance data, it counted about 51,000 virtual active wallets per day in March.

This figure, after just three months, counted 360 thousand active portfolios. An increase of almost 600%. Scary!

Gaming and cryptocurrencies – Even rich people are investing

Like all new instruments, it has risks, but also high earning possibilities.

We can only base our reflections on the numbers (which are not clear yet) and what other people do. Especially the rich. We must say that many have decided to invest in this new sector.

One example is Justin Sun, CEO of BitTorrent and founder of TRON Foundation, who recently launched a $300 million fund on play-to-earn and GameFi.

In short, the direction is marked. The road is paved. The brave have thrown themselves headlong. Let’s wait to see if all this will remain just a “virtual” game or a “real” opportunity.