What Is A Metaverse Coin

With so many cryptocurrencies on the market, it can be hard to keep track of them all. You may not have heard of yet is Metaverse coin, more commonly referred to as simply Metaverse or MVC. It’s similar to the other more well-known coins like Bitcoin and Ethereum. It is a decentralized digital currency that doesn’t require intermediaries like banks to transfer value between people or organizations. But some key differences make Metaverse different from the others.

digital coin

The History Of a Metaverse Coin

Currently, all we know is that Metaverse has been in development since May 2016 and has a team of 21 employees. The project was initiated by Eric Gu, founded View Fin, one of China’s largest blockchain consulting companies. Metaverse was originally headquartered out of Shanghai, both Eric Gu and his co-founder are citizens of China as well.

Metaverse Examples

It’s worth noting that Metaverse Coin (commonly referred to as ETP) is just one of many different kinds of meta coins. Ethereum, for example, has its type of token called Ether. The easiest way to think about meta coins is as products and services within an existing product or service—in this case, Metaverse.

Metaverse Stock

The Metaverse ecosystem has many benefits that make it great for use cases such as digital collectibles. One is that meta coins are divisible down to 1/1000th of an ETP. This allows for a much wider range of values for collectibles and keeps fees lower. Also, you can easily exchange your current tokens back into ETPs whenever you want to trade them in or convert them back into fiat currency if you prefer.

Leave a Reply