Place/Date: - September 7th, 2022 at 1:04 pm UTC · 3 min read
Cryptocurrencies were introduced in 2009 with the creation of Bitcoin. Since then, hundreds of different cryptocurrencies have sprung up. At first, many thought that techies and investors would only use cryptocurrencies. But now, many major businesses are starting to accept them as a method of payment.
Some popular uses for cryptocurrencies include paying for goods and services on the web and purchasing real estate investments. Even governments are starting to adopt cryptocurrencies as well. People are beginning to use cryptocurrencies in efficient ways every day.
The cryptocurrency industry has now moved from just the creation of virtual money to the creation of ecosystems, NFTs, and virtual games and worlds using blockchain technology. Some new platforms in this new age of cryptocurrencies include FreeWoly, The Sandbox, and Cosmos.
This article explores the FreeWoly potential to be the next big thing in the crypto industry, along with the Sandbox and Cosmos tokens.
FreeWoly (FWOLY) is a brand-new memecoin project that features an incredibly engaging Augmented Reality Play-to-Earn (P2E) game concept. The project uses augmented reality (AR) to effortlessly combine the real world with components of the virtual world to offer an interactive experience, giving the user or gamer a semi-immersive and participatory experience.
The $FWOLY coin will support the FreeWoly ecosystem. The game on the ecosystem features a futuristic world where animals look after a farm instead of humans. The animals on the farm are cyber-animals that need to be recharged constantly, and they all have different duties to carry out on the farm. To earn more $FWOLY coins, players need to build a successful farm because the more successful the farm, the more coins the player will make.
The coins can be exchanged for real currency outside of the FreeWoly ecosystem.
The Sandbox is a decentralized, community-driven game ecosystem on the Ethereum blockchain where game developers may share and earn money from their voxel assets. Players, artists, and game designers can use The Sandbox’s free software, such as VoxEdit and the Game Maker, to create ASSETs and experiences, such as games, dioramas, and art galleries, for themselves and to share with others.
The Sandbox ecosystem uses an ERC-20 token called $SAND. Apart from being the ecosystem’s primary utility token and currency, it also serves as a governance token. The token can purchase several things, such as LANDs, ASSETs, and avatar customizations in the ecosystem.
Cosmos is a rapidly expanding network of autonomous, interconnected blockchains built with developer-friendly application components and linked together utilizing the ground-breaking IBC (Inter-Blockchain Communication) protocol.
With Cosmos, programmers have the option to create completely autonomous, readily connectable, application-specific blockchains. This indicates that they are no longer required to exist as smart contracts on another chain, unlike other modern leading blockchains. They can set their own rules, scale for widespread adoption, and opt out of expensive transaction costs and network congestion.
The Cosmos Hub, Cosmos’ economic center, is at the heart of the Internet of Blockchains, protected by its native ATOM coin.
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