What are metaverse cryptocurrencies?

Metaverses are sprawling universes that users access via a computer or virtual reality headset, allowing you to work and play in a fictional, digital realm.

In order to truly become fully immersive worlds with their own economies, they need a currency – and that’s where crypto steps in.

Metaverse cryptocurrencies can typically only be spent in the metaverse they’re tied to. You buy them through each virtual universe’s in-game store.

The coins can be used to buy in-game items, such as land or items which can then be traded with other players.

Like any other crypto on the market, their values go up and down – sometimes unpredictably.

Remember, buying cryptocurrencies and decentralized finance tokens is a risky way to invest.

This post first appeared on Thesun.co.uk

You May Also Like

Diet: Biscuits and ice cream sweetened with FRUCTOSE may make people more aggressive and hyperactive

Hyperactive disorders could be rooted in an human foraging instinct triggered by…

Wall Street versus the Redditors: the GameStop goldrush – podcast

When a group of amateur investors on a Reddit messageboard began buying…

MailOnline reveals which shark species are living around the UK and how deadly they can be

Last week, a snorkeller was left ‘screaming for help’ after being bitten…

Chinese Hackers Charged in Decade-Long Global Spying Rampage

For years, China’s state-backed hackers have stolen huge troves of company secrets,…