Ecoin Supply

• The metaverse has become the new market for platforms creating their products in a highly mechanical, two-dimensional space.
• Platforms are all over the metaverse, helping it grow, working as its cop and kicking its digital function.

The value of the crypto market crashed in 2022, causing millions to lose billions in investment. Before this, the investment value and craze of the public had increased a great deal, but with the crash that occurred in 2022, as the atrocities settled in, companies raced to jump back on track and build it all back together. Especially the companies of the metaverse that many have linked to Web3. Nike staked its claim among Web3 hype beasts by channeling sneakerhead culture into its CryptoKicks NFTs. Links DAO is known to have introduced golf in the metaverse with a decentralized country club aiming to bring players across the world on the web together. Many such big project-owner companies have invested in creating their NFTs. 

Platforms Across The Metaverse And The Web3

Roblox, DressX and Emperia gave us glimpses into that still-uncharted territory, with successful forays in digital currency, avatar fashion, and virtual shopping experiences. 

• Roblox

With 56 million daily active users since 2022, Roblox has created its own 3D world on the web, making it one of the most sporty platforms set up for entertainment. The platform introduced an age guideline system similar to movie and video game ratings- which arguably increased the quality of the experience for mature users. 

• DressX

Similar to the digital inpainting system, DressX is here to let users design clothes and fashion styles that live in their headspace. This has become the go-to for avatars in the metaverse. Prices range from free to $1,500, as the platform offers outfits and styles from American Eagle and Adidas Originals. In April 2022, the platform was the first to use Roblox’s layered clothing feature. Moving along with these platforms, they have digital stores for retailers, piquing their interest in two-dimensional networking, exploring and purchasing activity. 

• Emperia

Emperia has built a top-rated A-list virtual mall that is a haven for retailers, showcasing luxury products and trending styles. This way, a London-based startup built its Artemis platform, showcasing luxury products based on user interaction in the space. 

The primary base of the blockchain system is the resource-intensive process termed proof-of-work (PoW). Ethereum, the most popular public blockchain for crypto transactions and for companies to build applications on top of, shifted from proof-of-work to proof-of-stake. With this alternative, high-power work will not be needed; with this switch, Ethereum completely erases the climate change that was caused by all of its blockchains. 

Ethereum is one of the most used blockchains for decentralized and open applications. Many Metaverse open projects, such as Decentraland and Sandbox, run on Ethereum. The language used to develop smart contracts that enable decentralized applications to interact with the Ethereum blockchain is called Solidity. Nike Kicks are the kicks needed to kickstart life’s functions. CryptoKicks is an organization led by creators using the latest engines, NFT and blockchain technology to modify the user experience with augmented reality features mixed with expert manufacturing, creating world-class sneakers and digital products simultaneously.