Crypto News Flash: Polygon, STEPN, Tamadoge, and Big Eyes Coin have major impact on the Metaverse

0

Mckinsey reported that over $120 billion was invested in the Metaverse in the first five months of 2022. They also expect the industry to be worth $5 trillion by 2030. These investments signal the enormous potential of the industry. As a savvy crypto investor, it’s best to tap into this market before a massive explosion.

You can start investing in the main components of the Metaverse ecosystem, namely tokens – crypto tokens and NFTs. Crypto tokens facilitate virtual transactions while NFTs are the objects used in the metaverse. In that regard, this piece would reveal top projects that play a big part in the Metaverse. These tokens are Polygon(MATIC), StepN(GMT), Tamadoge(TAMA) and Big Eye Coin (BIG).

Polygon (MATIC)

Frequent users of the Ethereum network can attest to the congestion, slow transaction speeds, and expensive gas fees. Polygon(MATIC) was created to address these issues on the Ethereum network.

Synonymous with its geometric name, Polygon(MATIC) is a network with multiple chains, all operating on Ethereum to enable faster transactions across an interconnected network. By nature, it is a layer 2 solution.

Polygon(MATIC) allows developers to create Ethereum-compatible applications connected to the main network. As such, Polygon(MATIC) is similar to protocols such as Avalanche, Cosmos, and Polkadot.

Like many other protocols, Polygon(MATIC) has a native token called MATIC. This token can validate transactions, earn passive rewards, and vote changes. Let’s not forget its ability to serve as a means of payment.

Step N (GMT)

StepN(GMT) is the first move-to-earn solution on the Metaverse. To use StepN (GMT), users buy NFT sneakers, which are then used to participate in fitness activities like walking, jogging, and running outdoors.

The time you can devote to daily activities depends on the energy level of the sneaker. There are different types of sneakers on the market, with different characteristics and energy levels. So users can buy their desired sneakers and start earning.

There are two major crypto tokens on the StepN(GMT) platform – Green Satoshi Token (GST) and Green Metaverse Token (GMT). GST is the utility token while GMT is the governance token.

Also, GMT will be paid to users whose sneakers reached level 30. Those who are optimistic about the future of StepN(GMT) should consider holding GMT as it has limited supply and has performed significantly better than GST.

Tamadoge (TAMA)

Like real pets, you can buy them, train them, and breed them into adult pets. Tamadoge (TAMA) works similarly. Tamadoge(TAMA) is an NFT pet in the Tamaverse Tamadoge(TAMA) metaverse world. As the owner of a Tamadoge Pet (TAMA), or a group of them, proper breeding is critical to how much you can earn. A well-fed and well-trained pet can compete in arcades and win prize points for their owners.

With the Tamadoge(TAMA) pets as Metaverse NFTs, they would feel like real pets. When logged into virtual reality, these pets look real. The Tamadoge (TAMA) team takes it a step further by collaborating with other Metaverse worlds. It allows Tamadoge(TAMA) owners to play with their pets in any virtual world.

Big Eye Coin (BIG)

Big Eyes Coin (BIG) is a community-centric meme token that aims to make a big contribution to DeFi and Meta. As we all know, many meme coins are attributed to dogs and monkeys, but Big Eyes Coin (BIG) took on a different aesthetic.

The cat. Big Eyes Coin (BIG) is not just a cat, but an aesthetically pleasing cat. Big Eyes Coin (BIG) should win the NFT beauty pageant and the most popular meme coin with its appearance.

Hype has played a crucial role in the growth of cryptocoins and NFTs – sometimes unreal hype. Big Eyes Coin (BIG) intends to lead the conversation and carry out the project. It will create a series of events and content to help people navigate the DeFi space. In addition, the token is also heavily influenced by the community.

As a true decentralized and community meme coin, we expect Big Eyes Coin (BIG) to grow significantly. Investors can participate in the Big Eyes Coin (BIG) presale to unlock potential returns.

Disclaimer: This is a paid publication. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of any information available in such content. Do your research and invest at your own risk.

Share.

Comments are closed.