Yes, there is a possibility that a blockchain can die and leave behind a lot of stress for people. Before you all over exaggerate, let us tell you that by the term death of a blockchain is the point when all the investors leave it and just a few of them remain. Blockchains, then, are fragile financial ecosystems of investors, validators, developers, users and many other people with their participation directly linked to the block chain token’s appreciation and success. The whole process works in a way that as soon as more participants get involved in it and the activity increases, coin values will also increase, which will result in attracting more users and creating a virtuous circle. However, on the other hand, if a blockchain’s token starts going down, everyone’s decision to support the chain changes with it. If the loss of value appears to be permanent, only a few investors will remain while everyone else will leave. That’s how a blockchain can end up dying
If we look back at the crypto market history then there are many such events that we can consider as the death of the blockchain. Just like the recent market crash, in which the Terra blockchain was the one that was the highly and negatively impacted one. After this market crash, Terra is considered as a dead blockchain. Reason?
Well, the reasons are several but to be clear and simple, the main reason behind it is that it went straight 100% down and now the majority of people don’t trust this blockchain. The millions of dollars of investments of a huge number of people drowned and they just went bankrupt just because of this market crash and now, there is very negative feedback regarding Terra. Terra’s co-founder, Do Kwon, is still attempting to revive the effort and come up with plan B. Even though the team behind Terra is trying hard and coming up with different restoration plans, there is still no chance that it can be back anytime in near future. So yes, we can simply state that Terra blockchain is dead for at least now.
After a blockchain dies…
Now, let’s talk about what happened afterwards.
After a blockchain dies, it can leave long lasting impacts on the whole crypto market. Not just the ones that invested in that particular blockchain will face the circumstances but the entire crypto investors will have to face the negative impacts due to the sudden change in overall market. When a particular crypto asset starts going down with such long jumps then people start panic trading and that affects the overall market. Just like it happens with Terra. To save Terra (LUNA) from going down, the co-founder of the blockchain sold bitcoins worth millions of dollars that turned down the BTC value and created panic among the BTC investors. The value of BTC is still not recovered just because of that. So, you all can imagine how the whole crypto market assets are depending on one another.
There is no prediction about the death of blockchain and it can happen to any chain out there however, the scars it leaves on the hearts of investors can stay there for years
Before we jump into this list it is important to know what meta verse coins are. When broken up, the term meta verse means a virtual world. Most of these coins are a result of various games that monetize the levels of the game with rewards of tokens or coins. To trade in these mete verse you must know the top metaverse coins by market cap.
Let us now get into the list of the top metaverse coins by market cap.
ApeCoin (APE) – Its price is 9.49 dollars. In the past twenty-four hours, its value has increased by 0.99% and in the past seven days, its value has decreased by 35.01%. Its market cap value right now is more than 2.70 billion dollars.
The Sandbox (SAND) – Its price is 1.85 dollars. In the past twenty-four hours, its value has increased by 2.05% and in the past seven days, its value has decreased by 14.72%. Its market cap value right now is more than 2.60 billion dollars.
Decentraland (MANA) – Its price is 1.20 dollars. In the past twenty-four hours, its value has increased by 2.73% and in the past seven days, its value has decreased by 20.31%. Its market cap value right now is more than 2.21 billion dollars.
Theta Network (THETA) – Its price is 1.90 dollars. In the past twenty-four hours, its value has increased by 5.01% and in the past seven days, its value has decreased by 18.62%. Its market cap value right now is more than 1.90 billion dollars.
Axie Infinity (AXS) – Its price is 26.71 dollars. In the past twenty-four hours, its value has decreased by 5.39% and in the past seven days, its value has decreased by 10.12%. Its market cap value right now is more than 1.62 billion dollars.
Stacks (STX) – Its price is 0.6996 dollars. In the past twenty-four hours, its value has increased by 0.73% and in the past seven days, its value has decreased by 25.02%. Its market cap value right now is more than 917.48 million dollars.
Enjin Coin (ENJ) – Its price is 0.8758 dollars. In the past twenty-four hours, its value has increased by 5.44 % and in the past seven days, its value has decreased by 18.79%. Its market cap value right now is more than 774.56 million dollars.
Ontology (ONT) – Its price is 0.3894 dollars. In the past twenty-four hours, its value has increased by 2.64% and in the past seven days, its value has decreased by 14.65%. Its market cap value right now is more than 340.13 million dollars.
WAX (WAXP) – Its price is 0.1571 dollars. In the past twenty-four hours, its value has increased by 2.04 % and in the past seven days, its value has decreased by 27.36%. Its market cap value right now is more than 310.46 million dollars.
Render Token (RNDR) – Its price is 1.19 dollars. In the past twenty-four hours, its value has increased by 4.65 % and in the past seven days, its value has decreased by 22.36%. Its market cap value right now is more than 301.85 million dollars.
With the metaverse’s growing popularity and use, the crypto market has inevitably been introduced there. This article provides a list of top metaverse coins by market cap to help you trade. Also keep in mind, that these values are varying.
If you’ve been on social media these days, you are sure to have come across a word called “NFTs”. They are gaining wide popularity due to the surge in their trading. People are opting to acquire NFTs and sell them to gain profits. But among all this, have you wondered what exactly an NFT is? What does it do? How is making money from NFTs possible? NFT stands for non-fungible tokens. They are based on the Ethereum blockchain. Let’s break it down a bit. ‘Non-fungible’ essentially means something unique and can’t be replaced; in other words, one of its kind. Here’s an example, if you’re deciding to trade a piece of art such as a painting or a drawing with another person, it is unlikely that the two of you have the same piece. Even if your art is based on the same thing, there are many differences between them. Here, in this case, the art piece is a nonfungible token.
How to make money from NFTs?
Lately, social media has been buzzing with talks of making money from NFTs. But how exactly is that possible?
NFTs have grown valuable as unlike the ETH coins, they serve the extra purpose of saving information. NFTs can take the form of anything digital, digital art being the most popular form.
To make money from NFTs, you need to have knowledge of what an NFT is, which has been provided to you. Next, you need to make one and sell it on platforms that you deem most appropriate. After that, you should link your crypto wallet and then finally list it on your chosen platform to sell it.
Another way of making money from NFTs is to rent them out. You should keep in mind that these NFTs are irreplaceable and thus cannot be duplicated. In this process, you can give them out for a fixed period in return for money.
The most popular way of making money from NFTs is selling them on marketplaces such as CryptoPunks, Raible, Axie marketplace, and OpenSea among many others.
Have you ever come across the term ‘royalties’? Royalties are legally binding payment that is given to the original creator whenever their assets get sold or used. This can also be applied to NFTs. Using royalties in the trading market will sure to gain you huge profits.
NFTs provide a platform for trading in almost every domain. Trading NFTs in the world of sports can gain profit. They can be used to increase fan engagement, documenting memorable moments of the players and the viewers. They can also be used to sell merchandise.
Trading NFTs is a highly profitable way of making money. Think of it as a business. A shop seller buys an item at a much lower price than what they sell it for. People have known to make a profit of about a thousand times the original price. Although some NFTs can gain you millions, some of them can also be quite worthless. That’s something you need to look out for.
In today’s market, NFTs are becoming a common way of trade. NFTs are helping people get rid of debts, travel, achieve their dreams, have a stable and secure life, and also provide a lot of money. Even though NFTS has grown popular tremendously, it is safe to say that they are not the mainstream. Better to jump on the ship sooner rather than later. Using NFTs as a way of making money is sure to gain explicable levels of success and profit.
Sports fans have shown a significant increase in non-fungible tokens. All the credit goes to non-fungible technology because of it we have seen enormous growth in the sports sector as it provides fans to interact with their favorite sports person. But the main problem arises when fan interaction is only held between famous big names in sports person and ignoring small athletes.
Everyone focuses on big names of sportspeople who are already famous that they are getting rich day by day while the other side is left aside, this is why Ethereum-based NFT focuses on the less-famous side. Ex sport is a great platform that provides fans to buy and sell these non-fungible tokens. Fans can get various athlete cards that they can use to make an album.
For users, these cards are like rewards that they can use to provide an opportunity for early athletes to support in their sporting careers. Ex sports provide a platform by just signing it, any athlete can issue their collectibles for fans to buy, sell and trade by doing so athletes can create a revenue source. Sports federations also can get NFT on behalf of athletes.
ADOPTION OF BLOCKCHAIN IN SPORTS
Blockchain technology is a wonderful solution for many industries and the sports industry is also taking interest in this field with the help of non-fungible tokens it gives a new type of digital assets which help in the growth of sports industries. There are more than 8000 different kinds of sports are played all over the world and NFT is making an amazing ecosystem for fans, brands, clubs, players, and more.
Initially, NFT are first started around 2012 and started gaining popularity by increasing years. Now NFT is providing great opportunities in the sports field like graphic avatars, 3d arts, videos and event ticketing, and many more. It is not one-sided by giving fans engagement with their favorite players. Other forms of NFTs are also getting famous like autographs of a favorite player, and awards trophies, that are attracting many fans’ attention.
THE SPORTS INDUSTRY IS NOW READY TO ENTER NEW WORLD
This is a whole new world where not only players can get an advantage by increasing revenue but also fans get a chance to engage with their favorite players directly. It is also beneficial for brands as they are looking for NFTs to use for sponsorship. The use of digital collectibles it provides fans to make their connections more strong with their fans.
With the help of blockchain, it enables tokenization which increases loyalty while retaining its original value it automatically increases the value. For every person who is close to sports, it’s like dream to get a customized autograph or to get a shirt from their favorite team or player. With the help of NFT, this dream is now possible. But the best part of the blockchain tool is it makes the process smooth without any fear of authenticity being compromised.
NFTs ARE PERFECT INVESTING OPPORTUNITY
If you are interested in collecting trading cards then NFTs are providing an opportunity to invest. It does not only provide fans to showcase their digital collectibles but also they can own them and trade them in return give money. NFTs are not only benefited fans but also allow investors and traders to make more money.
With the help of NFTs and blockchain, the sports sector is experiencing a new level of growth in the coming years which changes the whole experience of fans and investors. This is the new market for sports and collaboration of NFT which not only benefits fans but also brans, investors, and many more people who are connected with sports.
Non-fungible tokens set a new benchmark in 2021 and due to the arrival of the metaverse, it completely changes the whole picture. The popularity of NFTs has increased significantly and people started accepting them. Nobody has ever thought that these NFTs will ever get so popular. 2021 is the best year for non-fungible tokens.
But it got popular when meta was the savior for NFTs as Facebook renamed it meta. Research shows that in the week of October over $106 worth of metaverse was sold in just seven days. Now demand for digital cats has also been rising after the launch of crypto kitties. NFT’s got real fame after the digitization and tokenization of artworks by famous artists Beeple.
Many investors are excited about NFT’s and metaverse and with the help of NFT, it provides unique digital assets which provide ownership of items such as artwork, video clips, etc. In the coming years, NFTs will be a big part of the music and art industries.
Game-changing the frame
GameFi is is a combination of video games and decentralized finance and they use blockchain technology for it. It changes the whole gaming experience, it provides players to be the sole owners of the game which sounds interesting. According to the research, GameFi has increased interest in blockchain gaming.
Have you ever thought of a game that is owned and operated by its players, yes you are right there is a game called Axie Infinity an online video game developed by Vietnamese studio sky which uses Ethereum-based cryptocurrencies?
METAVERSE GAMES PROVIDES NEW OPPORTUNITIES FOR INVESTORS
While the crypto market is still in the development phase, this whole new tool provides huge opportunities for the future. This new tool provides people to experience different user experiences whether they are interacting, gathering, or investing. It helps to provide a platform that enables metaverse games to interact with each other. The usage of VR tools gives a different environment to gaming platforms.
Imagine a world where you can go anywhere in the world just by sitting on the sofa and taking glasses on, it’s that simple you can meet with your friends, go shopping, travel, and share the same experience. It is the new phase of the internet that is different.
With the help of metaverse, it provides some great features like
Normally digital world is owned and controlled by companies but the crypto metaverse is completely decentralized which is the attractive feature of the metaverse.
Crypto metaverse enables users to vote which transforms it into a new society. This is not just a game it is more than that.
We are heading towards the new generation of the internet which is not only limited to posting photos on social media, sharing personal details, and making videos on tik tok but allows you to engage on a much deeper level which no one thought of before. It changes every part of our environment for ex, the gaming world changes after the outcome of metaverse and NFTs.
Users now feel the experience that they are the owners of the game and they can win, play, and be their real avatars. It sounds interesting to many users as it regains the gaming interest in users. You can earn also while playing the game. Many companies find it an attractive opportunity for business to increase their profit. First come first serve is the rule applied, early adopters automatically gain the profit as compared to others.
Whether you like it or not you have to accept this new phase of the internet.