Top 5 Most Prominent Metaverse Blockchain Projects In 2021 | #Shorts | Simplilearn

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The Metaverse is a concept generated by Virtual Reality (VR) – virtual reality technology – and Augmented Reality (AR) – augmented reality technology, which mixes the real and digital worlds.
Because of its inherent decentralization and scalability, blockchain is an excellent setting in which to implement Metaverse, which is also why Crypto and Gaming NFT initiatives pick it as their platform. Furthermore, the Metaverse can open up new possibilities for future artists and players (typically NFTs, game items, etc.).

So, this is our research results for showing the top 5 prominent metaverse Blockchain Projects.

1. Axie Infinity (AXS) Market Cap: $4,193,561,676
2. Decentraland (MANA) Market Cap: $1,221,953,200
3. StarLink (STARL) Market Cap: $119,578,810
4. The Sandbox (SAND) Market Cap: $625,939,329.
5. Aavegotchi (GHST) Market Cap: $125,179,475

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What is Blockchain?
Blockchain is one of the leading technologies in the IT world. Blockchain is a revolutionary technology that has changed how transactions work. It intends to provide a safe and secure mode of transactions, by using digital cryptocurrencies, that cannot be manipulated by anyone with ulterior motives. Blockchain is a set of blocks that record information of transactions like who made the transaction to whom, the amount of trade in the form of a digital ledger that is distributed across the entire network, making it more secure and impossible to change, hack or cheat the system. Then it is verified and validated by every node in the blockchain network to proceed with the process of making the transactions.
A blockchain is a distributed software network that serves as a digital record as well as a system for transferring assets securely without the use of a third party. It’s a technology that allows for the digital exchange of value units.

There are numerous types of blockchain technology available today. Some blockchains were created to serve the demands of a small group of people with limited access to the network. These are examples of private blockchains, often known as permission blockchains.

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About Simplilearn Blockchain Certification Training:
Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin, and cryptocurrencies. You’ll learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger, and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience with real-world projects.

Why learn Blockchain?
Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology that is used by a global network of the computer to manage Bitcoin transactions easily. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, Internet of Things(IoT), etc.

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