How positive and advanced is the digital world expanding today? A virtual environment called the metaverse welcomes the very recent release of Meta Bank DeFi. It is described as the world’s first decentralised 360 solution bank in the metaverse. Here is everything you need to know about it.
From the portmanteau of ‘meta’ and ‘universe’, the metaverse is a blockchain-powered virtual environment that combines several various kinds of tech aspects. Based on the description of American media tycoon Mark Zuckerberg, it is a massive space where people can do whatever activities they perform in real life.
Such activities that can be done in the metaverse include working, playing games at bitcoin casino games, socialising with friends and family, and even paying transactions at banks. The latter aspect already consists of traditional banks, but be that as it may, they are institutions that come with all of the traditional bank problems. With that, Meta Bank DeFi comes into the scene.
Into the metaverse: Welcoming Meta Bank DeFi
Meta Bank DeFi is a promising platform. They are a decentralised bank that will take on the likes of JP Morgan and HSBC with their ‘simple, dependable digital banking procedures’.
Meta Bank DeFi has a crypto project called the Photorealistic Metaverse. It depicts a future in which everyone is treated equally and people are free to live and work despite societal issues, such as gender, race, language, and immigrant status, among others.
That is why becoming the world’s first decentralised 360 solution bank in the metaverse is a bright opportunity to fulfil Meta Bank DeFi’s vision. Their mission is to ‘implement decentralised banking and to help users truly grasp the concepts of virtualization, by introducing them to the metaverse and putting the power in the hands of those who can determine their own terms financially’.
Meta Bank DeFi is also located in the digital scene, so you might be wondering how their platform will be different from online banking. Based on their official website, the latter remains a time-consuming activity in many developing countries due to the lack of prerequisite infrastructure and willpower in developing fast and reliable internet financial services.
Of course, control and semi-privacy from traditional corporate banks and financial institutions also remain among their biggest challenges. For decades, there is no denying now that they have been known to prioritise their interests over the needs and preferences of their clients that they initially promised to give service to.
Powered by crypto and blockchain tech, Meta Bank DeFi goes otherwise. They guarantee to empower users to be their own bank and manage transactions on their own.
Top 3 metaverse coins expected to go big this 2022
The year 2021 was quite a ride for the crypto industry, blockchain tech, and gaming-related platforms like bitcoin casino games. Their ingress in the mainstream has resulted in the widespread adoption from institutional investors, large corporations, well-known figures, and even governments. All of which has resulted in innovations now located in the metaverse.
With Meta Bank DeFi in the scene—which is surely already a top choice among users it is also crucial that you know which tokens are great to invest in 2022 and beyond.
- Decentraland (LAND and MANA) → Decentraland is a massive virtual world that uses two ERC-71 tokens called LAND and MANA. The former gives players complete control over what they want to do with it, whereas the latter is used to purchase LAND.
- ApeCoin (APE) → APE is the native coin of the Bored Ape Yacht Club community and related communities. Although ApeCoin governance doesn’t yet have a true functionality compared to Decentraland and the Sandbox, it already has a solid backing from big names like Yuga Labs.
- The Sandbox (SAND) → Here, players get to build virtual worlds through NFTs (non-fungible tokens), using tools like water, lava, sand, or glass.