Across the globe, people are constantly talking about and buying or trading in crypto. But it can be confusing, even to the small-time investor.
Its language is as complex and technical as the blockchain itself. This is why many government officials and regulators have been unable to decide whether to support or oppose mass-adoption of these digital currencies.
Create your own lands
Cryptoverse is a decentralized virtual world that allows you to own land through Non-Fungible Tokens (NFTs). These tokens represent parcels of land within the metaverse, and you can use them to buy or sell your land in the marketplace.
NFTs are recorded on the blockchain and governed by a set of rules that allow users to exchange their tokens with others. These rules are based on the concept of blocks, which are collections of data linked together chronologically in a virtual chain.
Blocks can fit only a certain amount of data before they run out, so they’re essential for tracking the history of a digital asset. They also provide a way to record transactions and confirm the legitimacy of those transactions.
You can buy lands in the Cryptoverse using your wallet, which stores your NFTs and lets you make transactions. The most popular wallets are Metamask and Binance, with thousands of users trusting them with their digital assets.
Build your own communities
Regardless of your preferred social media platform, the cryptoverse has you covered. Whether you're looking to make the grade in your next big client meeting or want to up the ante at your desk, you'll find no shortage of community minded folk to help you on your quest. The best part is, the vast majority of these intrepid travelers are likely to be in your company's employ. It's the right kind of collaboration that will take your et al brethren to the next level. A word of caution though, it's best to err on the side of caution and beware of the black sheep. The last thing you want is to miss the mark in a major league boardroom. One of the biggest challenges you'll face is keeping your team focused on the task at hand while they're busy chasing the latest tech.
Monetize your content
In the cryptoverse, a bevy of esports teams, streamers and gamers alike are trying to make it big on the streaming front. The competition is stiff but CEEK stands out in the crowd with its hyper-real 3D immersive augmented reality metaverse and accompanying mobile app that can be used to interact with your favorite gaming avatars anywhere in the world at the same time. The aforementioned app has an impressively long list of features but the main draw is its ability to gamify users in the most fun and engaging way possible.
Share your NFTs
NFTs, or non-fungible tokens, are a new kind of asset that allow people to own digital art, videos, GIFs, and collectibles. They are based on blockchain technology and are used to establish proof of ownership.
These tokens are a great way to build a brand and a following. They also give creators an opportunity to capture the upside of future work if they have a knack for it.
The value of these tokens can be surprisingly high. Last year, a single NFT collage by digital artist Beeple sold for $69.3 million at auction.
While NFTs are gaining traction as a new way to own and sell digital assets, they have come with some serious challenges. The most common problems include scalability and censorship resistance. Most consumer-centric NFT applications have suffered from these issues.