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Metaverses in Crypto & How to Profit from Them
- Metaverse, a digital universe, incorporates Distributed Ledger Technology (DLT), enabling interaction, ownership of virtual assets via NFTs, and decentralized governance.
- Decentralized metaverses offer advantages like distributed ownership, governance through smart contracts and DAOs, and true digital asset ownership via NFTs.
- Virtual lands in metaverses are bought, sold, and developed, with notable sales in Decentraland and The Sandbox attracting major companies and artists.
- Virtual lands differ from tokenized lands, the latter representing real-world properties on a DLT platform for ownership and transactions.
- Activities in a metaverse include socializing, attending events, exploring landscapes, and engaging in unique experiences tailored by platforms like Decentraland and The Sandbox.
- Profiting from metaverses can involve buying, selling, and renting virtual properties, working as a broker or property manager, offering 3D design services, gaming, and creating/selling NFTs.
- Earning in metaverses through gaming like Alien Worlds allows for mining, trading, staking tokens, and creating and selling NFTs for artists.
- Obyte's decentralized technology in metaverses eliminates centralized power structures, ensuring autonomy, secure transactions, ownership, and user control over virtual assets and interactions.
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