Metaverse And NFTs: Beyond The Hype With Parody Coin (PARO), The Sandbox (SAND) and Theta Network (THETA)
Parody Coin (PARO), The Sandbox (SAND) and Theta Network (THETA).
According to CoinMarketCap.com, there is an estimated total of 17,000 currencies in the market but the crypto sphere has plenty of other investment options.
Metaverse And The World Of Digital Assets
The Metaverse has become the internet’s favourite buzzword, along with NFTs. But what are they? The Metaverse is a virtual space with graphically rich realities that mirror real life and it was popularised by its extraordinary VR goggle gaming experiences.
However, there are plenty of endless money-making possibilities in this digital reality. The NFT industry keeps making millionaires and is expected to transcend a market capitalisation of over 80 billion by 2025.
Coins To Dominate The Metaverse
Parody Coin (PARO)
Parody Coin (PARO) is a deflationary utility coin built on a Binance Smart Chain (BEP-20) and was developed to facilitate minting, trading and accessing the utility of parodies of favourite NFTs on the BNB Chain and other blockchains.
The Parody Ecosystem has asserted a strong presence in the metaverse and created its Paroverse which was designed to assist in accommodating the current NFT hype and support in the Metaverse evolution.
The Paroverse is a place where investors can generate revenue while interacting with digital worlds. It was designed to provide interesting and beneficial aspects of the NFT markets accessible to every type of investor.
Minting popular NFTs parodies and trading them can generate large revenues for investors. As a highly functional NFT, you can derive its utility value as you would from the original NFT.
Parody Coin is in its presale stage and you should join now as the price value is expected to skyrocket through, riding the popularity of NFTs.
A total of 300 million PARO coins were successfully pre-mined before the Initial DEX Offering (IDO) on PancakeSwap. The current price of PARO is $0.002.
The Sandbox (SAND)
The Sandbox (SAND) is an Ethereum-based decentralised platform with a highly developed NFT gaming metaverse. In this reality, investors can create, sell, use, and monetize virtual reality NFTs.
As a blockchain-based decentralised finance (DeFi) platform, The Sandbox blends the qualities of decentralised autonomous organisations (DAO) and non-fungible tokens (NFTs).
Additionally, The Sandbox has become popular because of the gaming realm where investors have the possibility to monetise their gaming experiences. The creators have confirmed that they ‘are building various games in the world, including platformers, racing games, and role-playing games
The Sandbox NFT marketplace allows non-fungible tokens to be bought and these are varied, ranging from entities, art, buildings, and wearables that you can use within The Sandbox.
The Sandbox (SAND) currently has partnerships with The Walking Dead, Snoop Dogg, and Atari which have bought digital land in The Sandbox world. The Sandbox price today is $2,90 with a 24-hour trading volume of $718 Million and a live market cap of $3.3 Billion.
Theta Network (THETA)
From the co-founders of Youtube and Twitch, Theta (THETA) is a blockchain-powered network purpose-built for video streaming services. The network’s software was created to incentivize a multinational web of computers and encourage them to operate a decentralised video streaming platform.
The Theta platform has announced that it will be joining the world of NFTs and will soon offer NFTs digital collectables in order to celebrate the launch of Samsung’s new flagship device models, the Galaxy S22 and Tablet S8.
This NFT collaboration with Samsung Electronics puts the network’s NFT marketplace at an advantage, as some Samsung customers will be able to claim a free NFT by registering on ThetaDrop. This demonstrates the global adoption of Theta’s blockchain technology and the need for projects built with a focus for the video, media and entertainment industry.
Experts confirm that Theta (THETA) currently has a range bound between $2.50 and $4.40. The Theta Network price today is $3,17 with a 24-hour trading volume of $176.6 Million with a live market cap of $3.16 Billion.