The blockchain technology has created a lot of possibilities since it existence, smart contact like the Ethereum smart contact block chain has been a secure platform that has hosted decentralised finance and Non Fungible tokens(NFT) such as the Bored Ape, Crypto-punks etc.
In the new year we will see more projects onboarding the Ethereum block chain cause of the potential it holds, these recent developments have reduced the transaction (gas) fee when making transactions. Ethereum on its own part has made it possible for users who utilise their platform to hold and spend their native token Ether (ETH).
Their native token Ether (ETH) is what fuels the blockchain be it deploying applications on the blockchain, buying and selling, or any other activities as related to the Ethereum smart contact blockchain. The possibilities are endless when it comes to Ethereum blockchain looking forward in seeing more projects being implemented on this blockchain in the coming years.
What's Money in the Metaverse?
According to an article which explained metaverse as a shared virtual world where people gather to play games, socialise or work, since the existence of the next stage of the internet one built on blockchain technology.decrypt
Metaverse, which was released of recent is built on the Ethereum smart contact blockchain and if successful the definition of money won't be based on fiat because of its constraints. Recently, we have seen investors measuring their financial portfolios against coins, such as “bitcoin and Ethereum as against fiat(dollars) or stable coins . Ether is mostly referenced when it comes to this analysis since the emergence of NFT’s which were lunched on it's blockchain platform.