Metaverse: How to play the next big theme in crypto world?

economictimes.indiatimes.com:

metaverse by opening 'Onyx lounge', which is a virtual lounge in the blockchain-based world of Decentraland. The bank has also released a paper exploring how businesses can find opportunities in the metaverse, which has made tokens in the segment move higher. Metaverse is a digital avatar-based universe. It is a virtual reality world where users can interact, play games and experience things or activities as they would in the real world.

Did you Know?

A statue honouring mysterious Bitcoin founder Satoshi Nakamoto was unveiled in a business park near the Danube River in the Hungarian capital Budapest

The majority of the metaverse-based top tokens were trading with strong gains today. Among the top 100 coins based on market cap, Decentraland, The Sandbox, Theta Network, Enjin Coin, Axie Infinity rallied up to 12 per cent. Smaller tokens including Onooks, DeRace, Defina Finance, DEAPcoin and Ultras zoomed between 20-55 per cent in the last 24 hours, the data from Coinmarketcap suggested. Edul Patel CEO & Co-Founder, Mudrex, said JP Morgan's entry into the metaverse world is a positive development. «Other key features such as real-time persistence, digital avatars, virtual reality, and accessibility across multiple devices are fueling the metaverse theme,» he added. JP Morgan’s foray into the metaverse didn’t surprise many, said Sharat Chandra, VP- Research & Strategy, EarthID. «In December 2021, PWC Hong Kong entered the metaverse and made a strategic virtual land acquisition on The Sandbox.» «These developments represent an inflection point and reflect positively upon how digital financial services will be offered by incumbents and challenger digital banks,» he added. Meta Economy, including the