It is widely believed that the Metaverse and cryptocurrency are interlinked and will eventually become part of Web3, which in short is a decentralised internet. The decentralised internet, much like decentralised finance, is managed by users rather than by large corporations. In this article, we'll explore the meaning of "Metaverse" and take a look at the cryptocurrency that is revolutionizing the digital world – HUH Token (HUH).
The Metaverse — can be explained as a collection of 3D immersive and interactive virtual worlds
Cryptocurrency — with Bitcoin (BTC) being the foremost among hundreds of cryptos, is a collection of virtual or digital assets
Initially, cryptocurrency and the Metaverse were two very distinct things, but as they expanded, they've become increasingly reliant on one another.
The Blockchain powers the Metaverse and Cryptocurrency
Back to basics - What is a blockchain?
A blockchain is a vital piece of technology that is at the basis of both cryptocurrencies and the Metaverse. In a nutshell, it is a distributed digital ledger that stores transaction data.
In its original form, the blockchain technology was formed by Bitcoin’s (BTC) creator Satoshi Nakamoto, and it is now used by other major cryptos such as Ethereum (ETH). A blockchain network allows for peer-to-peer transactions, eliminating the need for third-party intermediaries (like banks or technology companies) in user transactions. Among other things, this can help save money and time.
The creation of permissionless exchanges between internet users is seen as a key feature of Metaverses with its three-dimensional virtual worlds and immersive services, which are enabled by blockchain technology.
Cryptocurrencies, virtual worlds, and NFTs are all examples of new technologies.
Cryptocurrencies and blockchain-based apps have the potential to facilitate e-commerce and social engagement. On the web, direct peer-to-peer contacts carry the promise of fast financial settlements and fees that are nearly non-existent. Non-fungible tokens can be used to guarantee item ownership. An NFT could be in the form of a work of art, a virtual collectible object, or a digital counterpart of a physical universe transaction, such as a pair of designer shoes that you might simultaneously wear in the Metaverse.
For the time being, however, the Metaverse is primarily confined to the sphere of video games and other inventive endeavors. In the spring of 2022 HUH Token, which originally launched in December 2021, has come back strong to help blur the lines between cryptocurrency and the Metaverse.
HUH Token (HUH), Your Future Social Media Platform
Community is everything and HUH knows it well. HUH is a social app, which will be released for free download soon and will be backed by the profitable HUH token.
The HUH Token ecosystem has undergone a full revamp and it is now ready to take the world (digitally and physically) by storm, attracting a worldwide class of users, artists, social media influencers, and more. Anyone can join HUH and gain from it.
Memecoins have long been accused of having no inherent value, as they appear to be focused solely on advertising rather than establishing a convincing use case.
HUH, on the other hand, is pursuing a different strategy; while it recognizes the need for a strong community and plans to use influencers to reach a global audience and attract users, it also intends to demonstrate the platform's utility. Interoperability between blockchains is supported by the HUH token, and the social media application that HUH envisions would leverage the power of multiple blockchain networks, bridging and connecting Ethereum (ETH), Binance Smart Chain (BSC), and Polygon (MATIC).
A percentage of the transaction cost will be allocated to holders of the HUH currency. It is hoped that this method will help promote engagement in the HUH reward scheme among all users.
When releasing and minting NFTs (non-fungible-tokens) on the HUH upcoming marketplace, participants will earn "sentiment tokens" that can be exchanged for the cryptocurrency HUH. Making HUH a platform with the potential to be a great investment that could generate substantial wealth.
Disclaimer: (This article is sponsored and includes some commercial links)
