The Metaverse Will Make Gamers of Us All
A Live, Immersive Extended Reality Where Players Can Create A Personalised Fantasy Experience
Last updated
A Live, Immersive Extended Reality Where Players Can Create A Personalised Fantasy Experience
Last updated
The Metaverse is a virtual world designed to connect worldwide users with a shared digital platform to interact and socialize. In the metaverse, gamers will be able to play games with anyone from around the world who is also logged into the same virtual world. This could lead to some interesting new gameplay experiences as well as more opportunities for competitive gaming. Players are entering the Metaverse to experience next-level gaming.
A virtual world that is immersive, interactive, and persistent. It’s a world that exists online and is accessible to anyone with an internet connection. Metaverse games are based on the play-to-earn concept that allows players to earn real-world money by selling their virtual assets in the Metaverse via NFTS.
Play to earn – This will be a crucial element of gaming in the metaverse. Apart from following storytelling and rules, players can engage in profitable activities. A simple example: players can sell the assets they have won inside the game to other users for crypto.
Digital assets, including NFTs, will be a key building block of the metaverse economy. For example, gamers can buy and earn utility NFTs, such as weapons or skins for gameplay. NFTs also underpin the “play to earn” (P2E) gaming model. P2E gives gamers a financial incentive to play games. NFT holders of the "Supernatural" Rare class will have an automatic pass to the LKOC Confederation room where only the true fans get a seat at the Noble Round table with other founding members to engage in the sharing of brilliant ideas.
In P2E games, players are rewarded for their time and effort within a game by earning cryptocurrencies that can be used within the game, sold in an open market or monetized through smart contracts. For example, if a gamer creates an NFT character that someone else uses to earn cryptocurrencies, the creator receives a portion of those earnings.
So the Metaverse can become a lucrative way to earn money and develop revenue streams for content creators and VR developers as well as for ordinary consumers to earn a living through doing things they love like playing games.
