The idea of a Metaverse has been on since the 1990s, with different people holding several opinions on the concept's meaning.
However, DeFi has defined the Metaverse, encouraging coins to use the platform to generate immersive virtual worlds, which could feature gaming and business promotion channels to satisfy a wider range of users. Web3 solutions like NFTs and their application in the Metaverse have brought a new perspective to the virtual world and its use cases. Here, we look briefly into how the new project, Dogeliens (DOGET), will compete against veteran tokens Decentraland (MANA) and Theta Network (THETA).
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Decentraland (MANA)
Decentraland (MANA) is a virtual world based on the Decentraland network on the Ethereum blockchain. MANA, an Ethereum-based coin, powers the network and its Metaverse platform.
Decentraland (MANA) offers its users opportunities to make the Metaverse theirs through several means. Users can generate NFTs on the site, using content from their experience on the platform. There are games and NFT stores on the network where they can place such NFTs for sale by securing them to smart contracts. Some blockchain games in the virtual world are play-to-earn games, where users can convert their rewards from in-game currency to other tokens via DEXs.
The Decentraland (MANA) space also permits business promotion through advertising. The idea here is to build a virtual stall of sorts, thus creating awareness of the product or merchandise the user intends to promote. Several corporations like Samsung and the Liga BBVA have subscribed to this initiative, buying up LAND tokens on which they set their virtual shops.
MANA governs the Decentraland (MANA) platform, acting as fuel for user traffic in the virtual world. The token is listed on CoinMarketCap for USD 0.625.
Theta Network (THETA)
Theta represents the first blockchain solution built to promote multimedia content in the cryptocurrency market, as in video and audio content. The network operates as a Metaverse platform and a regular blockchain, while THETA and TFUEL power both platforms.
The Theta Network (THETA) primarily promotes real-world art through its Metaverse ecosystem and NFT marketplace. The Metaverse community is anticipating a Mainnet upgrade, which will permit better video streaming on the platform, as the content delivery networks often struggle with the increasing video quality.
Theta Network (THETA) runs on a Byzantine Fault Tolerance protocol, essentially a modified proof-of-stake consensus but with much more protection. Apart from validator nodes, there are guardian nodes that stake coins and oversee transactions on the network.
THETA allows staking and is used for voting on decisions, while TFUEL is the mode of exchange on the platform. THETA sells for USD 1.12 on CoinGecko.
Dogeliens (DOGET)
A look at the existing Metaverse top guns might indicate that Dogeliens (DOGET) has a lot to contend with before reaching the top. But here are some fantastic features the new memecoin intends to release to upend such highly ranked tokens as Decentraland (MANA) and Theta Network (THETA).
The Dogeliens (DOGET) network will present a Metaverse platform, Spaceship, an E-learning initiative, the University of Barkington, and an NFT store, Pupstore. Together, these three form the Puptopia ecosystem that Dogeliens (DOGET) users will benefit from in the coming weeks.
The Spaceship will allow easy user communication, as all users will have a chat box and avatar communication options available once the Metaverse launches.
The University of Barkington will feature videos and eBooks teaching users the various DeFi tools open to them and how they can profit from them. Finally, the Pupstore will display NFTs generated by the developers for sale to the users.
In addition to a feature-packed protocol, the Dogeliens (DOGET) developers have announced they will give USD 10,000 to winners of a giveaway contest in about three weeks. This gesture is to appreciate the growing community's support in joining the presale events while encouraging more users into the project. Winners must be DOGET holders with at least USD 20 worth of DOGET in their wallets.
Join the Dogeliens (DOGET) presale today and stake your claim in the next big crypto project. Click here to access the presale page and participate in the giveaway.
Dogeliens (DOGET)
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
“Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.”
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