Metaverse is a concept of collective virtual shared space that is created as a result form of virtual technology and internet advancement. The concept of metaverse has now been discussed by people around the world as a new promising virtual world or become the second world. This led to another discussion on “how to create or build a metaverse”.
As the metaverse is a virtual world, most thing happens virtually including funding the project for metaverse building that is nowadays mostly done from the Metaverse Launchpads.
Metaverse Is Virtual World
Before we talk further, let us know what is metaverse. Metaverse can be said as a virtual world that is born from the advancement of technology. Innovation in the internet and computer technology such as social media, virtual reality, online games, and many other technologies is the source ideas for the concept of the virtual world born.
Metaverse represents the interconnected nature of digital spaces and experiences so it is not limited to a single platform or application, Almost everything that can support digital interaction whether it is direct or indirect interaction can be categorized as a Metaverse instrument. Nowadays, people can participate in experiencing Metaverse through online platforms such as online games, social media, virtual world, and many more.
Relation Between Metaverse And Cryptocurrency
As explained before, the Metaverse represents an interconnected virtual world where people are connected from a digital perspective. By using Metaverse, people can meet and interact in a virtual world and experience many things in their digital lifestyle. Since Metaverse uses a digital life and virtual world as a main concept and cryptocurrency is also a digital instrument that plays an important role in virtual world life, This leads to a question, Is cryptocurrency also a part of Metaverse?
The answer is no, cryptocurrency is not inherently part of the metaverse. But even if it is not a direct part of the metaverse, cryptocurrency can play a significant role within virtual worlds and digital spaces that are part of the Metaverse.
Cryptocurrency can serve and means exchanges, ownership, and value transfer within the virtual space. There are explanations of what cryptocurrency role in the Metaverse, which are explained as follows:
1. Become a Virtual Economy Instrument
Cryptocurrency can be integrated into many virtual worlds, online games and digital platforms in Metaverse have their economies where people can buy, sell, and trade virtual items, assets, and currencies. Integrating cryptocurrency with the economy inside the Metaverse platform, enables to creation of more secure, and efficient transactions between users, even across different virtual environments.
2. Helping Manage Ownership and Tokenizing Aset
Cryptocurrencies and blockchain technologies can provide a facility for the tokenization of virtual assets inside the Metaverse. By that, the digital assets such as virtual properties land, items, and other assets within the virtual platform can be represented as tokens on the blockchain. This allows virtual asset to be verifiable in its ownership, easier transfer, and potentially can be operated in the different platforms
3. Cross-Platform Transactions
As the Metaverse spaces become bigger and bigger over time due to the massive amount of Metaverse’s virtual platform, cryptocurrency can provide seamless transactions between different platforms. By that, People can buy items, services, or experiences across multiple platforms within Metaverse spaces with a single cryptocurrency.
4. Monetization and rewards
Cryptocurrency can be used as a reward for the content creators developers, and participants in virtual spaces for their contributions. By this method, content creators or the person who works using virtual space can have income in a crypto currency that they can use.
5. Decentralized Governance
Some Metaverse projects use a decentralized governance model for their own establishment. This kind of Metaverse project model makes decisions about the development and rules of the virtual world are made collectively by token holders. These token holders are often cryptocurrencies that grant holders voting power and influence over the direction of the metaverse
Launchpad That Supports Metaverse
A new Metaverse project that started from 0 had struggled with financial problems and some of the project developers had minimum experience because they were new to the Metaverse project. To overcome that problem, most project developers might go looking for help by applying their project to a launchpad that is created to help Metaverse-related projects.
The Metaverse Launchpad platform is a platform that was created and designed to help the Metaverse project. The Metaverse launchpad platform is a special platform that provides assistance for the launching of new Metaverse-related projects. The Metaverse Launchpad Platform helps the new Metaverse-related project to raise funds or gain exposure within the cryptocurrency community and Metaverse enthusiasts.
What Are the Benefits Of Using the Metaverse Launchpad Platform
Metaverse Launchpad platform offers help for new Metaverse projects to launch and grow. The Metaverse Launchpad platform offers big benefits for the developer such as helping to fundraise the project and often they also help in building community.
The Launchpad platform not only gives a Metaverse project benefit but also gives some benefit to the investors who participate in token sale events such as gaining interest from token sales and obtaining early tokens that are related to the project. Every Metaverse Launchpad platform has its terms and conditions for the investor can gain the benefit from the token sales.
Some Metaverse Launchpad Platforms
1. Kommunitas
Kommunitas is the best Metaverse launchpad that was created in the Polygon blockchain network. This launchpad introduces a tier-less system that offers flexibility and fairness for every participant who invests their resource in the token sales event. The Kommunitas launchpad welcomes projects from a wide range of industries such as Metaverse, NFT, gaming, and DeFi.
See also : Polygon Crypto Launchpad: Definition, Advantages and How It Works
2. Blockchain App Factory
The Blockchain App Factory is a launchpad that focuses on helping Metaverse NFT projects that are part of them. Their launchpad platform is designed to ensure a healthy existence by helping their users adapt to any situation. This launchpad is equipped with everything that is necessary system and features that can aid users in surviving the launch.
3. Softtik
Softtik is a Metaverse launchpad platform that provides a cutting-edge system as a launchpad. Their top-notch service allows them to reveal a rapid expansion for the next-gen technology. This launchpad offers the most promising launchpad solution with the scope of the future