#AskLeo - Are you looking into cryptos for the metaverse?

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Hi,

as almost everyone is hyped about the Metaverse, I would like to ask you, for the #AskLeo project by @acesontop, if you have looked into cryptos that might apply to this technology?

I'm not speaking about the one that has been rebranded, as I think that the internet offers us here endless possibilities, well, we had our Hivefest in such a metaverse, even if the one used is still a basic one.

I'm asking about cryptos that can be actively used in such a space. Yes, all can be used as means of payment, as they are used today, as exchange possibilities of goods.

Here I see different niches, like the assurance of goods, with the chains that offer the NFT possibilities, where ownership is well-defined. This is a minor use case.

Other cryptos can help for privacy, almost like FIAT cash today, that is hard to trace, for people that don't want to show what they buy and protected themselves against fraud, aggressive marketing and all that issues that come with wealth.

I'm at a basic phase with the research, as I want to prepare a fund to invest in such a technology, but it shall be crypto, as I want to have it decentralized and the direction of development shall be somehow be based on needs on the first spot.

There might be some surprise coming from the Leo-team, regarding this direction, so I think it is a good idea to stay close and follow the development.

So, have you looked into cryptos that might apply to the metaverse technology?

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8 comments
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The only one I’ve looked into is Efinity token. It has a lot of promise and is still within reason of purchase

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I have a feeling the metaverse is more hype than reality for the next few years

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Definitely. It will take probably a decade before we can have a "real use case" of it.

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I think we might hit it off in the next 5years. We are already having events in virtual places. It is only a matter of time before these places become more visually appealing and realitistic.

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Personally, I haven't really been paying that much attention. I think there isn't a clear vision yet of the whole space. I think people (businesses) are just throwing the term around without really understanding the breadth of it. Until that is ironed out, I think it is just a guessing game to try and invest.

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Honestly haven't dug that deep into the metaverse. I'm definitely not buying the hype around it.

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