The metaverse is a hot topic in the news and social media when it comes to the future of the internet, crypto, and technology. Tech giants like Facebook and Microsoft are already discussing their metaverse plans, and crypto investors are looking for the next big project. However, it’s worth noting that you can already experience the metaverse through the use of smart contracts on the Binance Smart Chain (BSC) or Ethereum networks.
What is the metaverse?
The metaverse is the concept of a 3D, online space where people can connect together their real-world and digital lives. Users can socialize, work, relax, and explore a variety of platforms and areas similar to the internet. The metaverse tries to provide an even more immersive environment with more innovative products than we currently have.
A key driving factor of the metaverse is augmented reality in combination with an avatar or character. For example, you could join your work meetings using a VR headset, then see a concert with your favorite DJ, and finally, hang out playing games with your friends.
So, where exactly does crypto fit into this? Blockchain has six properties that make it suitable for use in the metaverse:
1. Digital proof of ownership
You can easily prove ownership over digital goods and assets that sit in your crypto wallet.
2. Digital collectibility
We can make things digitally collectible like digital items, art, and even physical objects. These are known as Non-Fungible Tokens (NFTs).
3. Transfer of value
You can pay anyone around the world with crypto securely and safely.
Blockchain allows people to make decisions in a fair and equal way through consensus and voting mechanisms.
Anyone can create an online, digital identity in under a minute by creating a crypto wallet.
Blockchain technology can create platforms that are customizable but compatible with one another.
All the points above are suitable for creating a digital metaverse. While there are other options, blockchain provides the answers in a transparent and cost-effective way. But don’t forget, the metaverse doesn’t actually exist yet in its finished form and will take years of development to create entirely.
The metaverse and blockchain gaming
Gaming and the metaverse is a common combination with their emphasis on immersive, 3D environments. You’ll see that most of the projects we’ll discuss are blockchain gaming-related, typically with play-to-earn and GameFi elements.
The video game space offers the closest experience we have to a metaverse at the moment as it continues to push the boundaries of what 3D sandboxes can do. For example, many games now offer concert experiences and other social events. Digital economies are also commonplace for items, skins, and other in-game tradable goods. With blockchain technology enabling all of these, it’s no wonder gaming and the metaverse have become so closely linked.
Let’s dive into some of BSC’s top metaverse projects at the moment and see exactly how they combine blockchain with an immersive, digital future.
What is decentral.games?
decentral.games is a metaverse casino governed through a Decentralized Autonomous Organization (DAO) that also runs 3D virtual events with NFTs. The casino’s ecosystem is powered by its utility token (DG). Players can earn DG tokens by playing games, providing liquidity to liquidity pools, and participating in governance votes over the platform’s house funds treasury.
The dgTreasury is the source of the casino’s bankroll for payouts. It also collects MANA and DAI transaction fees that users spend playing games like Blackjack and Roulette. Users can generate passive income and play simultaneously, bringing together two of the key elements of a metaverse. The idea of running, owning, and playing in your own casino is a concept that blockchain can easily facilitate.
TopGoal is a trading card game that officially licenses football players, clubs, and other sports teams as NFTs. Holders will be able to play a fantasy football-style game against other players. These trading cards are released in packs periodically through airdrops and sales. TopGoal also allows you to purchase specific moments in sporting history from players like Michael Owen, Rivaldo Vítor, and José María Gutiérrez.
What is Cyber Dragon?
Cyber Dragon is an online RPG-style game developed by BinaryX. Players hire NFT heroes and search for rare items and loot. The game’s end goal is to defeat the Cyber Dragon, a powerful boss with a hoard of treasure. The game works with a dual native token system: BNX acts as a governance token and Gold as the in-game currency.
Payments players make are sent to the Cyber Dragon’s treasure house, allowing it to grow over time. Once the dragon is defeated, the treasure is given out as a reward. There are also dungeons and work to complete, such as mining and logging. Classes and attributes for heroes also add an element of strategy to the game, along with life and combat skills.
Alien Worlds is a blockchain NFT game available on the Binance Smart Chain, Ethereum blockchain, and WAX. Players own land, battle, and collect NFTs in a sci-fi galaxy competing to earn the Trilium (TLM) cryptocurrency. There are four main aspects to the platform:
1. Planet DAOs
Users can participate in on-chain elections and governance mechanisms on how to run the planet they’re a part of. This could include decisions on how to spend funds in the planet’s treasury.
2. Collecting NFTs
Alien Worlds players can use NFTs to mine TLM, complete quests, and fight other players. A deck of NFTs can be created that fits the player’s strategy.
Trilium holders can stake their tokens behind planets to vote to increase their reward pool and influence elections.
4. Cross-chain bridge
Users can bridge their TLM between BSC, WAX, and Ethereum.
What is SecondLive?
SecondLive is a 3D sandbox that hosts a virtual world for users to socialize, shop, work, and more. Anyone can create a virtual avatar and explore the spaces on offer as well as create content themselves. There’s also the opportunity to monetize your user-created content. SecondLive consists of four modules for players to use:
1. Avatar Editor
Users can design their custom player character with the editor and use it as their identity in the metaverse environment.
2. Multiple virtual spaces
Users can explore games, concerts, talks, shopping malls, and more using their avatar.
3. Scenario Editor
Content creators can develop their own areas and spaces using the Scenario Editor without needing coding skills.
4. SecondLive Marketplace
Anyone who owns a third-party digital asset can trade assets through the SecondLive market.
SecondLive has hosted Binance Smart Chain events, including the Decentralized Finance (DeFi) Harvest Festival in the BSC ecosystem DeFi Exhibition Hall. The event also included a $10,000 mining pool and NFT rewards for participants.
The BSC metaverse ecosystem and community are still very much in their early days. The individual elements that make up a metaverse are growing and slowly beginning to come together. While games like Axie Infinity are in the spotlight and trending on Twitter, Telegram, and the news, we’ll likely see new projects begin to rise and innovate in new ways. If you want to start experimenting with BSC metaverse DApps, don’t forget to get some BNB for your transaction fees too.