Crypto Year in Review 2021: Metaverse and Blockchain Gaming

Metaverse and Blockchain Gaming - Off to new shores

One novelty that NFTs brought to the world is blockchain gaming. The special feature: If you like to gamble on the blockchain, you can now earn money with it. With NFT Games, gamers have the opportunity to actually own in-game features such as skins, characters, weapons, virtual lots and other things.

The NFTs or blockchain ensures that the respective feature can be assigned to the players. This has long since evolved into an NFT-based in-game economy that makes it possible to sell NFT items. Apart from that, you can get paid for your time or attention with token rewards for gambling. You can find the five most important of these NFT games here.

The emergence and establishment of metaverses is closely linked to the NFT hype. They form parallel realities in the realm of the digital. And mix business, gamification and crypto in an exciting way. In the form of NFTs, you can create avatars, sell lots, admire NFT art and wonder where the journey is going in metaverses like Decentraland or The Sandbox.

The fact that Silicon Valley greats like Mark Zuckerberg see a great future in the Metaverse was shown not least when the Facebook CEO renamed his company “Meta”. With the associated Metaverse Horizon, the Zuckerberg company set a new priority. And the group digs deep into their pockets for this. Up to 10,000 jobs are to be created for the creation and maintenance of the metaverse. With an investment of 10 billion US dollars, everything that we do in real life should be possible. Facebook Meta is thus stretching out feelers far beyond the world of social networks. With its metaverse, the group also wants to provide the digital roads and properties on which we should move in the future.

On the way to the digital economy

With social tokens, according to the not too distant dream of the future, it will also be possible to monetize accounts here. The calculation is simple: those who have a high reach are rewarded with tokens. This in turn creates new incentives and added value to invest in service offerings. Participating companies pave the way for a digital economy.

But companies like Nike or Microsoft have long since smelled the roast. At the end of October, the sporting goods manufacturer decided to apply to the patent office to register trademarks for virtual goods. The idea behind it: to be able to sell digital objects such as shoes, caps, sports equipment and the like as NFT.

The tech giant Microsoft also announced in November that it would be entering the Metaverse. With Mesh for Teams, the Microsoft communication tool Teams is to receive a new component. Attentive readers can guess: we are going digital. Instead of meeting in the classic way via video conference, Mesh users should also be able to meet in virtual Metaverse rooms. The beta version can already be expected in the first half of 2022.

The Metaverse is even making its way into geopolitical spheres. In November, for example, it was announced that Barbados was working with several Metaverse companies to establish itself in the digital realm. With its own embassy in Decentraland, the Caribbean state plans to promote “bilateral relations with governments worldwide” from January 2022. What that will look like in concrete terms is not yet known.

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