UpBots Blog

What is Metaverse and Play-To-Earn (P2E)?

The Metaverse is one of the hottest topics lately. In the simple definition, the metaverse is the concept of individuals interacting with digital avatars on an expanded online platform at the point where technology creates new realities.


Science-fiction writer Neal Stephenson used the term “metaverse” to mean a fictional and computer-generated universe in his Snow Crash novel. This concept is generally known as a highly immersive virtual world where people come together to play, socialize and work. The meta-universe promises to create a virtual public space. Virtual currencies of this public sphere are already traded in the cryptocurrency market today. In this respect, this concept is seen as the future of the Internet.

This concept, introduced in the early ’90s, is actually not new; in the early 2000s, there were several pioneers for the meta-universe, including Second Life and the Habbo Hotel by Sulake. It didn’t attract the attention of many at the time, but both still exist. Second Life now has 200,000 daily active users.


What is the relation between the Metaverse and cryptocurrencies?



What is Metaverse and Play-To-Earn (P2E)?


Games, as we know, actually offer us a virtual universe. In this virtual universe, there are various tasks and achievements according to the scenario of the game. Metaverse is a groundbreaking technology that combines the gaming universe with the crypto universe and offers the opportunity to earn cryptocurrency in a virtual universe.





What is Metaverse and Play-To-Earn (P2E)?



Hundreds of new projects and coins appear in the cryptocurrency market every day. In this context, there are many coins in the metaverse field. In this article, we did not include all metaverse coins, but the 15 metaverse coins with the largest volume are as follows:


Axie Infinity, (AXS), Decentraland (MANA) Enjin Coin (ENJ), Wemix (WEMIX), WAX (WAXP), Radio Caca (RACA), Sushi Swap (SUSHI), Blocktopia (BLOK), Star Atlas (STARL), Illuvium (ILV), Ceek VR (CEEK), MOBOX (MBOX), Yield Guild Games (YGG), Dvision Network (DVI).


What is Play-to-Earn (P2E)?



What is Metaverse and Play-To-Earn (P2E)?


Although many cryptocurrency investors are interested in token or NFT trading, Play-to-Earn projects; which  work with the logic of win as you play, attract investors and lately many crypto-lovers have been paying attention. Offering a new world to players, these projects pave the way for a new era in the gaming industry. Blockchain-based play-to-earn (P2E) games have also created a revenue generating model for players. In other words, the time you spend having fun also generates income for you. The ecosystem, which is still in its infancy, is developing and growing very quickly. In just a few years, many people will think that they were too late to jump into this space.


UBXT and Metaverse



What is Metaverse and Play-To-Earn (P2E)?


The native utility token of the UpBots.com platform $UBXT will have another utility with SuperBots.finance and its metaverse game!


SuperBots, which will be live in the coming weeks, is being developed by the UpBots team. SuperBots is a platform for trading bots in Decentralized Finance. Along with being able to now trade in the de-fi world, there will also be a SuperBots game that investors can play with SuperBots NFT characters to save Botham or to destroy it! $UBXT is going to be native utility token for both SuperBots.finance and its Metaverse game. A metaverse land on Sandbox was already purchased and both projects’ backend are being developed.


Bots and SuperBots. Now let’s get back to work.

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