Who has set up funds to buy houses and clothes on the Metaverse? If that’s the case, then you have to figure out how to buy everything on the Metaverse including knowing what legal tender on the Metaverse is used.
1. Payouts on Metaverse
To open an account on a metaverse platform like Sandbox or Decentraland, you will first be asked to set up a crypto wallet that will hold all the digital currencies. A popular wallet is MetaMask, which can be set up by downloading an app on your phone or a Google Chrome browser extension.
Your wallet will allow you to exchange the money you have into cryptocurrencies using a debit or credit card.
2. How to Convert Money into Crypto
Some of the popular platforms for buying metaverse cryptocurrencies include Binance, Gemini and Coinbase. This exchange will help you convert fiat currency into the crypto metaverse you need. If you already own a cryptocurrency like Bitcoin or Ether, you can exchange it directly for a metaverse token.
3. Crypto used in Metaverse
Well, it depends on which platform you plan to explore. Each metaverse platform usually has its own crypto token which users can buy and use online.
- Ether (ETH): commonly used to buy digital land in the metaverse.
- MANA: the original cryptocurrency in Decentraland, a virtual world where users can own land and interact with other users. These can be used to buy plots of land, avatars, and wearables such as clothes and accessories. MANA also gives you the ability to choose certain aspects of the game, such as policy updates and NFT auctions.
- SAND: Similar to MANA, it can be used to buy land, play games, or sell NFT on the Sandbox marketplace.
- AXS: AXS is the cryptocurrency for the popular gaming platform Axie Infinity. Players can buy these cryptocurrencies on crypto exchanges, but they can also earn AXS tokens by breeding digital pets called Axies, which are unique NFTs that can also be used to compete in matches and tournaments.
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