Cryptocurrency: Where Do We Go From Here?

Introduction

One thing’s for sure, this is not the end. Instead, this is just the beginning of something bigger than we could imagine. Of course, the crash that occurred the past few days almost brought a chunk of the crypto community to its knees, with the highlight showing Bitcoin (BTC) dropping to levels tagged with doom.

A series of reactions spread across the crypto market, and a large part was down. But in no time at all, we are already seeing life back in as the bulls could be preparing to take over sooner than some might think.

The future of the digital space has presented itself now in the form of the Metaverse, and this could play a significant role in the future of cryptocurrency.

In the future, if Web3 technology provided by blockchain were to be fully integrated into the metaverse concept, it might resemble our natural world in many ways and even take the place of some real-world functions.

Some merchants of metaverse non-fungible tokens (NFTs) have already enabled the use of their NFTs in metaverse games like apparel, and others are expected to enter the area in the future. Coins like Axie Infinity (AXS), Decentraland (MANA), and Mushe Token (XMU) have laid out roadmaps and objectives centred around the metaverse as well as the P2E gaming concept and are already looking to join the future of crypto in no time.

Axie Infinity (AXS)

When people were looking for methods to make money outside of their regular employment, Axie Infinity (AXS) became a household name.

Axie Infinity’s (AXS) business model relies on users’ desire to improve their skills in the game, which drives them to spend money on better and rarer Axies.

Axie Infinity, the premier P2P platform with Decentraland (MANA) and The Sandbox (SAND), has totalled $4 billion in NFT sales since its introduction and has enormous promise as a long-term investment idea.

Many projects have attempted to replicate Axie Inifinty’s P2E game model, but arguably none have come close. For the time being, Axie Infinity is one of the most enticing P2E companies.

Decentraland (MANA)

Alongside the Sandbox (SAND), Decentraland (MANA) has become well-known in the Metaverse.

As of early 2019, the public edition of Decentraland had yet to be released following an ICO that raised $24 million. An Ethereum-based platform for creating and monetizing virtual reality content and apps is the project’s stated goal.

In addition, MANA tokens can be used to make purchases in the Decentraland (MANA) marketplace for products such as avatars and other items.

Mushe Token (XMU)

Peer-to-peer engagement, rewards, and governance are made possible by this decentralized token. These are core features within the Mushe ecosystem and it offers an exchange with a seamless user experience.

As part of its purpose, Mushe Token (XMU) hopes to make digital assets more widely available to the general public and to raise awareness among the general public about the benefits of digital currencies and financial management.

Fintech organizations, banks, and money service providers are a part of the Stellar (XLM) network, which provides an essential on-ramp service. NFTs, P2E games, and more are part of the MusheVerse ecology.