In the case of FIREPIN Token (FRPN), the project has massive aspirations in becoming a major player in the metaverse market.
A direct competitor to FRPN would be Decentraland (MANA), one of the world’s leading metaverse-based games as well as being one of the biggest metaverse-based tokens in the crypto space.
How will FIREPIN Token (FRPN) make an impact in the metaverse industry?
FIREPIN Token (FRPN) will have the capacity to enable cross-chain exchange of tokens across the blockchains of Ethereum (ETH), Polygon (MATIC), Binance Smart Chain (BSC), Solana (SOL), and Avalanche (AVAX). However, venturing into the virtual world is of paramount importance for the project.
As a community-driven DAO (decentralised autonomous organisation) with metaverse integration, FIREPIN remains in phase two of its presale with 13 days left before they enter its third and final phase of presale before its long-awaited launch.
Backed by the metaverse DAO, FIREPIN will look into investing in 3D metaverse games and NFT game development.
Companies with long-term visions on play-to-earn (P2E) games and metaverse games will be invested in by the FRPN team who aim to achieve a long-lasting impact on the digital asset space.
Alongside their investment, FIREPIN will begin phase one of its Metaverse Game Development as well as the construction of a game studio in the third quarter of 2022.
With the 27th of May being the end of this crypto’s presale, just under a month remains for potential investors to add FRPN to their crypto wallets.
The journey of Decentraland (MANA)
As this article is being written, Decentraland (LAND) is one of the biggest metaverse-based play-to-earn games in the world.
Decentraland is a virtual reality platform that is built on the Ethereum blockchain.
Users of the platform are able to create, experience, and monetise content and applications while land in Decentraland is permanently owned by the community, giving them full control over their creations.
Ranked as the 37th biggest cryptocurrency in the world, amassing a market cap of over $3 billion, according to data from CoinMarketCap.
There are two different tokens that govern operations within Decentraland as LAND is an NFT that defines the ownership of land parcels which represent digital real estate purchased by investors.
MANA is Decentraland’s native token that facilitates not only the purchases of LAND but virtual goods and services within the virtual world.
The demand for virtual land exploded last year with purchases of LAND rising up to prices of hundreds of thousands, as well as purchase volume in The Sandbox (SAND).
Decentraland has struggled to hit the heights it reached last year with MANA dipping 32.7% in the past month with the crypto trading at $1.80, at this time of writing.