As more and more blockchains were developed, companies started making games, and metaverses. What attracted many people to blockchain-based games and metaverses, is that people were able to earn. As you’ll play in a blockchain game, you’ll be rewarded with cryptocurrencies in return for your skills. And that’s how the new term “play-to-earn” was coined.
People started buying plots of land for millions of dollars in the blockchain-based Metaverses. Digital parcels of land were represented by NFTs (non-fungible tokens). A fungible token is one that has another similar to it. Take Bitcoin for example. Meanwhile, a nonfungible token is a digital asset like no other. You and only you can own that NFT, and it’s all registered on the blockchain.
I personally think ( and this is not financial advice) that cryptocurrencies will see light in 2022. I mean, they even secured a spot in the most important sports event in the United States the NFL.
The interest in cryptocurrencies doesn’t seem like it’s fading out soon, and the fear-of-missing-out (FOMO) around the blockchain space is here to stay … at least for the upcoming years.
