The Potential Of Ethereum in 2022. Metaverse And Ethereum

5 min
The Potential Of Ethereum in 2022. Metaverse And Ethereum

Most people consider Bitcoin the most popular blockchain and cryptocurrency. And they are right. Bitcoin was the very first blockchain to be launched, its currency is the most expensive crypto in the world. But Ethereum isn't backing down. It's the second most expensive cryptocurrency in the world.

But the thing with Ethereum is that it has a different purpose than Bitcoin. It offers interesting possibilities and in the future, Ethereum's Ether (or ETH) might be one of the most popular currencies. 

Ethereum is a smart contract blockchain that offers the ability to create a secure and decentralized environment for hosting applications of various types. You can even build another system within Ethereum.

Various projects like decentralized finance (short Defi) and NFT have shown the potential of blockchain technology. That's why some experts now look closely at Ethereum since it can offer various possibilities in the world of crypto. It seems that the nearest plans of Ethereum's founders are to focus on decentralizing social media, the gaming world, and even on some governance possibilities that can be used by people in different countries. 

Right upon the launch of Ethereum blockchain, it was mainly focused on giving space for trading and lending crypto tokens, as well as trading digital artworks. A bit later Ethereum introduced a new layer within the ecosystem that now allows it to build platforms on top of Ethereum. 

The introduction of such platforms as ZK consolidated packages may also open the doors to the crypto world to such decentralized social media networks as Reddit. The reason to say this is because it should lower the fees within Ethereum.

There is one thing in common when it comes to all these mentioned above use cases - Ether. As it was mentioned, Ether or ETH is a native digital token of Ethereum. To be involved in all the mentioned cases, users would have to buy and spend ETH. Meaning, the platform will be only growing in the future. It seems that Ethereum is becoming a huge crypto universe with lots of different platforms depending on the network. 

To get access to Ethereum, you need to have ETH coins. Whether the user needs to buy or sell something, create a new application on top of Ethereum, or simply use an existing app, they need ETH. 

The Ethereum and ETH pair is like a car and gas pair respectively. You can't use a car without the gas (or at least electricity if it's an e-car). To be a part of an Ethereum ecosystem, you need to have its currency, ETH. As a result of this blockchain's constant growth, most decentralized exchanges offer ETH as one of the most popular exchange pairs.

Money Within Metaverse And Ether

Several things are already taking place related to Ether. For example, a lot of investors today measure their portfolios against Ether rather than against dollar or at least stable coins that are connected in price to fiat currencies. And that's happening today, what will start happening if Ethereum, their alternative networks such as Solana, Avalanche, Cardano, etc., and Metaverse will become a reality.

In such a case the definition of what money means will change. It doesn't mean that as in the example with investors dollar and other fiat currencies will be devalued. It just means that Metaverse will emerge and Ether might be the potential currency within this universe. 

Most experts are currently just speculating about what might happen. But one fact is real, people seem to be more interested in holding cryptocurrencies and using them within blockchain systems rather than simply trading coins. Yes, investing in crypto is still a profitable venture, but the statistics claim that every year people keep getting engaged more in buying services and goods within blockchain systems.

That’s one of the reasons why people speculate about the emergence of the Metaverse and ETH as the potential currency within the digital ecosystem.

The Potential Of Ether’s Value

It seems that people are more actively switching from the real world to the digital world. For example, Play-to-earn games are gaining popularity and they generate revenue. People all around the world that participate in play-to-earn gaming are actually generating income that can be matched to income in a developing country. 

It should be noted that airdrops and the right equity distribution both have managed to distribute wealth much better than most corporations have been for this whole time. It shows that the world is becoming more digitized.

Naturally, in this digital world mainly cryptos are used, such as Ether. It's still not clear whether these changes are for the better or the worse, but it's happening. Just like when the world began slowly transferring from paper money to credit cards and online payments. Overall, it is highly possible for Ether to become the main cryptocurrency in this crypto ecosystem. 

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