When talking about what happened in 2021’s crypto market, the Metaverse topic simply can’t be left out. Not only was it one of the most unexpectedly popular trends, but it secured backing from tech-giant formerly known as Facebook, now renamed Meta. But what’s the Metaverse’s meaning? Read on to find out.
Metaverse in 2021
Let's start by briefly explaining Metaverse's meaning. The answer's fairly straightforward at its basic level: Metaverse means a virtual world where users experience various digitized elements of reality presented via various themes. The latter aspect is what sets the industry's platforms apart, they all have slightly different features, designs, or even entire ecosystems. For instance, we can distinguish centralized–Meta (Facebook)–from decentralized–The Sandbox (SAND)–metaverses, or Play-to-Earn (P2E) ecosystems–Axie Infinity (AXS)–from content rewarding projects–Decentraland (MANA).
What made the Metaverse the topic of the year is a different question. First, it's important not to forget the pandemic that reshaped the way the world behaves. Most of us were quite literally locked out from our realities from one day to another, ultimately incentivising people to explore viable alternatives. Enter the idea of Metaverse. Whether designed to be full-blown realities, or just complementary elements of restricted lives, metaverses seemed to offer the perfect solution for humanity's void in 2021.
And if this wasn't enough, the other superstars of the year actually crossed paths with metaverses: in many cases, the digital goods within these ecosystems are purchased and traded as NFTs. Needless to say, this naturally resulted in an extremely efficient popularity synergy–if one topic was the talk of the town, it pulled the other with it, and vice versa.
The Biggest Metaverse Projects
When talking about highly in demand solutions, it should come as no surprise that sometimes even huge companies set their eyes on the prize. Meta, formerly known as Facebook, was, by far, the most significant of them all. As the name (read more: https://www.coinpass.com/en/blog/markets/coinpass-2021-crypto-recap-3-3)…
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