here is Decentraland (MANA) which has already explored the world of virtual reality or the metaverse. How is Decentraland doing in the metaverse?
The name change was due to his seriousness in working on the metaverse.
The seriousness and prestige of Mark Zuckerberg in the world of technology is unquestionable.
In fact, some even thought that the metaverse was a virtual world developed by Facebook.
Whereas, on the other hand, there is Decentraland (MANA) which has already explored the world of virtual reality or the metaverse. How is Decentraland doing in the metaverse?
Decentraland-Metaverse Powered Blockchain-Wrapped cryptocurrency
Decentraland includes being a pioneer in the metaverse business, long before Mark Zuckerberg said that the metaverse is an important part of the future of the internet in October 2021.
Decentraland created a virtual property platform that contains a collection of land that can be bought and rented. Decentraland's virtual property platform is among the first in the metaverse.
Decentraland platform users can transact using the MANA cryptocurrency which was also launched by them.
If business interest in Decentraland virtual land increases, it is likely that the price of MANA will increase rapidly.
This can be seen when Grayscale launched the Decentraland Trust. After the offer, MANA coins increased four times more in four weeks.
Decentraland as one of the pioneers of the metaverse was then followed by the prestige of Mark Zuckerberg as the founder of Facebook and Microsoft who recently acquired Activision Blizzard.
They developed the metaverse through games and products that support the creation of the virtual world, namely VR and AR.
Mark Zuckerberg in Metaverse
Starting from Mark Zuckerberg's statement regarding the importance of the metaverse as the future of the internet, he began promoting plans that are being worked on to finalize his metaverse project.
His name is often mentioned in various news portals and social media. He was later said to be a pioneer in the development of the metaverse.
Mark Zuckerberg's lunge in the metaverse is not playful although it is not appropriate if he is called a pioneer in the development of this virtual world.
As explained above, Decentraland has first entered the metaverse through a visual property business powered by MANA coins as a transaction tool.
Microsoft and its breakthrough in metaverse
A phenomenon that is no less interesting than the development of the metaverse is when Microsoft decided to acquire the game company, Activision Blizzard, in early 2022.
The value of Microsoft's acquisition can not be said to be cheap because it reaches 68.7 billion USD or equivalent to almost Rp986.46 trillion.
Such a large value is issued by Microsoft to further deepen its football in the metaverse.
Gaming is considered to be the main key in lifestyle changes to the world of virtual reality or metaverse.
Microsoft CEO Satya Nadella said, "Gaming is the most dynamic and exciting category for entertainment categories across all platforms today.
It is this game that will play a key role in the development of the metaverse."
Thanks to the acquisition, Microsoft went on to become the third-largest gaming company after Tencent and Sony.
Not wanting to lose to Meta, Microsoft is also developing VR and AR which will play an important role in realizing the metaverse in the future.
He continues to develop his HoloLens, a holographic headset that is likely to co-exist with Meta's Oculus.
Microsoft is also developing its works in the form of NFT which was developed through the M12 venture company. He invested in Palm NFT Studio made by Consensys.
In the midst of intense competition between technology companies such as Microsoft and Meta Platforms, Decentraland as the pioneer of the metaverse needs to come up with innovations to re-balance the performance and popularity of the two platforms.
His provision that has combined Blockchain and crypto in the virtual property business actually has a promising opportunity for the future of the metaverse in the property sector.
Although currently the market reality is still centered on games that are considered to be the key to the development of the metaverse.
