The metaverse is a world accessed through technology. "metaverse" originated from Neal Stephenson's novel called "Snow Crash." The metaverse is characterized by virtual reality technology, enabling users to create their worlds in the book. Many movies, shows, and books also have their definition of the metaverse, but most are quite similar. Usually, the metaverse is a place accessed through augmented and virtual reality technology. However, the blockchain space's definition of the metaverse is a world without boundaries.

Facebook's founder, Mark Zuckerberg, even believes that it may be the next version of the internet. Some people have also linked the metaverse to Web 3.0. Similarly, web 3.0 is a version of the internet powered by blockchain technology, allowing decentralization and privacy. The metaverse will have some qualities that make it different. For one, some people believe that this internet universe will allow data continuity. Presently, data has boundaries and cannot be moved from one server to the other, but there will be no boundaries in this new world. Hence, data becomes easily accessible.

Also, the metaverse will be unlimited. This means that it should accommodate a large number of users. The internet, for example, can accommodate all humans without crashing. If the metaverse becomes a reality, it will accommodate everyone. Most metaverse projects also leverage NFTs, enabling users to pay for goods and services. Since the metaverse mimics the real world, some projects sell properties as non-fungible tokens, which you can sell on the platform or other marketplaces.

Non-fungible tokens are digital assets that show ownership of a particular product, most times, and artwork. Many digital asset enthusiasts are exploring this new venture to make a substantial profit. NFTs are also important in metaverse projects because they facilitate the ownership of tokenized objects. This creates an opportunity to make a profit from these platforms.

Numerous metaverse projects are hoping to capitalize on the new interest. These projects have also gained traction amongst those interested in accessing the metaverse through blockchain technology. Here are some of the most popular ones:

Decentraland is a web browser-based platform powered by Ethereum. This virtual world platform enables users to interact with another world through their computers. However, this platform is different because users can buy and sell lands. They can also explore the virtual world and connect with other people. Exploring the virtual allows you to find new LANDs, which you may want to buy. This platform combines blockchain gaming and the metaverse into a single structure, allowing you to profit from trading digital real estate. Users can also create scenes and artworks in the metaverse project according to the platform.

Additionally, it may also enable them to create games and applications. It's safe to mention that there are two tokens on the platform. LAND is one of those two, and it represents ownership of lands. LAND is an NFT token. Non-fungible tokens are increasingly becoming popular within and outside the digital asset space. Unlike fungible tokens like Bitcoin and Ethereum, it represents ownership of LAND. The second token available on the platform is MANA. Users use MANA to purchase goods within the metaverse. This helps traders profit from the buying and selling of digital property. Founded by Esteban Ordano, Decentraland may hasten the adoption of the metaverse in the digital space. This should create an opportunity to generate wealth while connecting with others.

Sandbox is another metaverse project that may blow up in 2022. This blockchain-based game allows users to explore a virtual world. It's safe to mention that Sandbox is one of the most successful games on blockchain technology, mainly because it allows gamers to have fun while monetizing their activities. Unlike mainstream games, Sandbox strives to compensate gamers and creators.

To make money off Sandbox, users can buy and sell non-fungible tokens on the marketplace. When you get these tokens, you can decide to sell them and convert them to fiat currency. The platform also has an NFT marketplace where buyers and sellers can trade. So, if you are looking to sell your NFT, you can do this through the platform. It also allows gamers to create and publish their newly-created NFTs. While this platform may be an early version of the metaverse, many people believe that it may pave the way for the new industry.

No metaverse list is complete without mentioning Axie Infinity. Like other projects in this article, Axie Infinity is a blockchain-based game that allows gamers to make money from gaming. Axie is also a virtual world based on creatures called Axies. Players get to collect, buy and sell their Axies. They can also own virtual assets on the platform. It's important to mention that the Axie metaverse leverages non-fungible tokens to ensure smooth running. These tokens confer ownership of these Pokemon-inspired creatures to the holder; this allows the person to sell their pet for real money. Axie is one of the most prominent players in the blockchain gaming industry because it ensures that players earn money through gameplay.

This is a concept is play-to-earn. While P2E games are foreign to mainstream gaming firms, blockchain-based businesses make it an essential part of the game. However, before earning on the game, you may need to purchase Axies. This metaverse project is not like most because it's based on animal-like creatures. Still, this game has a lot of players globally, making it an appealing venture for players interested in exploring the metaverse while earning. AXS is the project's governance token, making it possible for users to participate in decision-making. So, before voting on important decisions, you have to own AXS.

The digital asset space is currently looking into exploring the metaverse. The problem is that the metaverse is not a straightforward concept, especially during these early stages. While Facebook hopes to contribute to a metaverse similar to the internet, most existing metaverse-related projects are games. The top projects are Decentraland, Sandbox, and Axie. These blockchain-based games allow users to make money from gaming. Additionally, they leverage NFTs to show ownership. This means that these metaverse platforms leverage NFTs to confer ownership to players. They can also sell their product on marketplaces and profit from sales.

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Decentraland is a virtual world where users can purchase, trade, and create digital real estate, art, and non-fungible tokens (NFTs). Users can achieve this by playing games and joining different ventures in the virtual world. It runs on the Ethereum blockchain. Two various kinds of tokens oversee progress in Decentraland. These are:

• LAND – A non-fungible token (NFT) utilized to determine the purchase of land packages describing digital real estate. 
• MANA – A cryptocurrency that allows possession of Virtual Land, as well as virtual assets and assistance applied in Decentraland.

The concept is created to follow real estate packages specified by LAND tokens. The Ethereum blockchain is used to trace the ownership of this virtual land, and it urges users to provide their MANA tokens within an Ethereum wallet to join its environment.

The order of Decentraland is split into three zones:

• Consensus layer: A smart contract is utilized to trace land purchase and land content.
• Land content layer: To provide content, a decentralized administration method is applied.
• Real-time layer: Enables users to communicate with one another through peer-to-peer relationships.

Well, compared to the highs of November 2021, all cryptocurrencies are down. But if we want to analyze MANA price for the short-term, we can definitely spot an interesting formation.

Decentraland price has formed a trend line during the current downtrend, which has led to falling prices. This trend line was tested for the fourth time recently. Today, prices are looking rather bearish, which makes us doubt that the price will break the trendline in a bullish manner. Instead, we assume that the price will fall again. That's why we assume that prices will fall in the short term.

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Should Decentraland price drop from now on, which we expect, we should see prices reach at least $2.50. That is where the first sub-support is, and where Decentraland price could find buyers. If the price breaks this support, we will anticipate the price to drop further towards $2.21. There is slightly stronger support there than the $2.50 support. Because of this, we also assume that the price will not fall below $2.50, and should reverse upwards.

For that specific case, we strongly recommend placing stop-loss areas slightly below $2.21 depending on the risk appetite of each trader. More info on risk management here.

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Crypto Investors and specifically crypto traders tend to neglect Metaverse Coins in their analysis and focus more on “standard coins” such as Ripple, Iota, Ethereum, Bitcoin, etc. But what about the MANA prices? This Metaverse token managed to increase extremely this year, and even made headlines when its prices soared by around 680%! In this MANA price prediction, we're going to analyze the MANA token from a technical perspective, as it has the potential to boom further higher.

Decentraland is a virtual world where users can purchase, trade, and create digital real estate, art, and non-fungible tokens (NFTs). Users can achieve this by playing games and joining different ventures in the virtual world. It runs on the Ethereum blockchain. Two various kinds of tokens oversee progress in Decentraland. These are:

• LAND – A non-fungible token (NFT) utilized to determine the purchase of land packages describing digital real estate. 
• MANA – A cryptocurrency that allows possession of LAND, as well as virtual assets and assistance applied in Decentraland.

When Facebook was renamed “Meta”, the Decentraland price was able to increase by several hundred percent and perform an all-time high of around $5.935. This huge increase in prices caused a big profit-taking event that caused prices to tumble. The strong sell-off happened all at once and the price was able to correct up to the GoldenPocket. Since the Decentraland price reached the GoldenPocket, the price has moved rather less. Since the GoldenPocket mostly serves as strong support, and if you look at the overarching chart, we do not assume prices lower than the GoldenPocket (+/- $2.46) for the time being.

Because the MANA Price is corrected to the GoldenPocket, we have formed a possible ABC sequence. This sequence can help us determine the new high or all-time high. In that case, we look at the 100 extension line and can read that the new high could be near $7.85. This would mean an increase of about 175%. The only requirement here is that the MANA Prices hold the GoldenPocket and don't fall below it.

Technical traders approach trading and analyzing charts differently. You might decide to follow support/resistance levels, or maybe look at Fibonacci retracements or even trading volumes. What's always important on the other is to always determine your risk tolerance, manage it, and make sure to stick to your plan. MANA prices reached a strong support area, which was confirmed by many indicators. That's why we believe that further highs might occur soon.

On the other hand, this is all dependant on the performance of the entire cryptocurrency market as a whole. If the crypto market suffers from an additional bearish market, MANA prices might follow lower. That's why placing adequate stop-loss levels will always be beneficial.

You can purchase MANA on crypto exchanges like Binance ,  Coinbase ,  Kraken ,  and  Bitfinex.