In the Metaverse, who will be in charge?

Web 3.0 developers, on the other hand, believe that none of these titans will be able to maintain their position in the Metaverse for much longer.

Decentralization is at the heart of Web 3.0, which means that the Internet and Metaverse will no longer be filtered or controlled by a few firms. An alternative will be to let people take ownership of sections or the whole web, including the Metaverse.

Decentraland, The Sandbox, and Axie Infinity are some of the most well-known examples of decentralized metaverses.

Based on their primary purposes, metaverses might vary.

Users of Decentraland and The Sandbox, for example, have the chance to buy for their favorite brands and attend events, as well as play games and communicate with others.

NFTs, one of the most profitable business models in the Metaverse so far, comprise the bulk of these services.

An interesting tidbit is that even the Vatican has announced a cooperation with the tech startup Sensorium to establish an NFT exhibition for the Vatican's art collection. Land ownership is an essential metaverse business paradigm.

These plots might be used as event spaces, office spaces, rentals, and so on, and visitors could be charged for their use of the place.

Investors may acquire land to resell it to a higher bidder, but larger investors are more likely to purchase it with the expectation of profit in the future.

Users may create their settings, avatars, markets, digital infrastructures, and apps in their metaverse worlds.

A utility token (MANA in Decentraland, SAND in The Sandbox) is a digital asset that may be used in a metaverse economy to facilitate transactions.

The native coin of the platform may be used by anybody to create, own, and sell a metaverse experience.

However, there are metaverses like Axie Infinity, which allow its players to make money while having fun with charming animal-like avatars.

Earn2Play games have become a viable source of income for certain people. The typical monthly pay in certain countries, such as the Philippines and Gana, is barely more than $100, yet individuals may make up to $140 a month only by playing Axie Infinity.

Many people have opted to abandon their usual occupations in favor of a more lucrative option.

It's important to remember that many Earn2Play games are still in their infancy.

Their improved versions will undoubtedly overwhelm the planet and trigger similar revolutions in other nations.

Bloktopia is another metaverse worth noticing.

A 21-story skyscraper, Bloktopia, was designed and is being financed by Polygon to honor the 21 million Bitcoins that have been mined.

Real estate ownership, advertising income, gambling, creating networks, and much more will be available to users.

There is a good chance that the Bloktopia metaverse will be deployed shortly.