You must be wondering that how does a virtually interconnected space having items, collectibles, digital assets, utilities and land can be such a great thing? With an Internet evolving in more substantial space, people are getting used of working at their respective virtual identities.
Metaverse and Crypto Investment
From the perspective of crypto-investing, Metaverse tokens off-late includes GALA, MANA and many more. They get all the attention since such tokens work as a transactional entity which are relevant to the virtual marketplaces. With the regular growth in metaverses, such as, Decentraland for MANA as well as Gala Games, such tokens may also see a further increase in acceptance.
DeFi
Just consider in Metaverse, for now Decentraland and abruptly you feel about buying the piece of virtual land. Now, you turn towards MANA, Isn’t? But now, how does the purchase of MANA in first place. Particularly if you do not need to play with Fiat currencies and with the intermediaries such as banks.
Now at this point of time, you would now turn to DeFi Networks, that provide an extensive array of possibilities, that consist of support for the native token trading all across blockchains. Also, the Smart lending which is Contract-based and the staking solutions as well as P2P transactions.
Okay, imagine a metaverse being an imaginary country. Here NFTs is the specialized products with the exclusive resources that are quite relevant to country. And the DeFi network as economic fabric of the country. Yes, this is quite simple as it actually sounds. And also, everything said is related to the blockchain.
Are disparate concepts interlink?
Although Metaverse, DeFi and NFTs are well project as different kind of crypto use cases. These are integrally link, that makes every use case to be relevant. Like in Metaverse, the crypto staking, buying NFTs, on-chain payments and procuring different utilities need DeFi-specific insights.
