


The metaverse is quickly distinguishing itself as the future of the internet, here we look at what that future means and why interaction is a huge part of it.
Step Into the Crypto Metaverse
The metaverse is a combination of the entire internet. It effectively unites virtual reality, augmented reality, and the internet as we know it. Different iterations have already been made famous through successful games such as Fortnite. And now it is taking on a whole new level.
Neal Stephenson initially coined the term in his 1992 science fiction novel ‘Snow Crash’ that sees a delivery driving duo navigate the metaverse to free themselves from a capitalist dystopia. The metaverse started as an escape and is now an unknown to be explored.
[The metaverse is] “the gateway to most digital experiences, a key component of all physical ones, and the next great labor platform,” venture capitalist and essayist Matthew Ball writes in his popular blog.
Ball sees the metaverse as a new current that will bring about a new generation of companies, much like the unforeseen development the internet enjoyed. Crypto will, of course, play a vital role in this, as it has already begun to do so.

In a period where the pandemic has devastated our world as we know it, a virtual space where users are free to travel and socialize has begun to thrive.
Crypto’s Role in the Construction of the Metaverse
Behind each successful metaverse iteration, there will be the aim of delivering permissionless identity, financial services, and high-speed exchange—all elements of crypto at its best. A mass of data will have to be stored and offered to millions—perhaps billions—of people eventually, so the security provided by blockchain becomes a necessity.
Organizations such as DVision and The Sandbox have already constructed virtual worlds that have integrated digital assets and made trading a designated possibility within its own world. Monetized virtual casinos, races, and theme parks have become commonplace, with separate projects deploying their native tokens in the metaverse.
NFTs have already played a significant role in the crypto metaverse, whether through the purchase you wish to embody or skill traits for GameFi characters. Land itself has become a precious asset in different metaverse worlds. For example, Decentraland recently oversaw the sale of a virtual estate for more than $900,000 within their digital world.

The next step is to bridge the separate metaverses and provide a single interoperable marketplace, an ultimate digital matrix. This prospect is made a lot easier through token swaps because native metaverse tokens can be sold and bought on third-party exchanges.
“I think people are truly blown away by the amount of money that players spend in digital assets. Hundreds, thousands, and probably millions of dollars spent on digital assets,” said Arthur Madrid, CEO, and co-founder of The Sandbox, explained in a VentureBeat Event. “I think making those assets NFTs, building an NFT economy, is going to add a new layer on top of the existing digital economy.”
The metaverse poses many questions moving forward to the evolution of the internet. Should the metaverse consist of multiple layers? Should all layers be interoperable? Should some have gateways? These are all questions, and more, which beset the future of blockchain, the internet, and the world.
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto! Check out the DeFi Direct Linktree for all the access links!
For those looking for tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Author
Related News


Binance VIP Traders Informed of $4B Settlement Back in September

The exclusive gathering took place at a luxurious Singapore night club in September, where attendees engaged with Binance executives and probed about the potential settlement.
Binance reportedly hosted an exclusive dinner for its most significant market makers in September. The gathering, held at a prestigious Singapore nightclub, was an intimate setting where select VIP traders gained insights into the impending $4 billion settlement with the U.S. Department of Justice, according to a recent report from Bloomberg.
The private dinner, organized for Binance's top traders, unfolded in the upscale 1880 members-only club. Attendees, consisting of market makers and traders, engaged in discussions with Binance executives about the company's legal challenges. The conversations revolved around the potential $4 billion fine, leaving attendees convinced that Binance could afford and would settle such a substantial amount.
Attendees' Perspectives
Reports suggest that attendees, after breaking into smaller groups, sought clarification on Binance's legal troubles. They left the dinner with a heightened expectation of the $4 billion settlement, emphasizing the significant financial impact it would have on the exchange.
Former CEO Changpeng Zhao was notably absent from the gathering, with the then-head of regional markets, Richard Teng, representing the company.
In response to the reports, a Binance spokesperson disputed certain aspects of the event's depiction while refraining from specifying the inaccuracies, as per The Block. This discrepancy in accounts raises questions about the transparency surrounding Binance's legal challenges and its communication with stakeholders.
Implications of the Settlement
Binance’s $4 billion settlement with U.S. authorities, including the Department of Justice, Department of the Treasury, and the Commodity Futures Trading Commission, marked one of the largest corporate settlements in U.S. history.
The resolution concluded a criminal investigation into allegations of money laundering and sanctions violations, settling many of Binance's legal troubles in the U.S. However, Binance.US and Changpeng Zhao still face a lawsuit filed by the U.S. Securities and Exchange Commission.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author

Try Now!

Sign up Now
Coming Soon

WIN BIG

Coming Soon

Start Earning Today!

Earn Now
Coming Soon

Sign Up Now

Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%