Can there be a metaverse without cryptocurrencies? Here's what experts say

economictimes.indiatimes.com:

Metaverse has been a buzzing word among technocrats and crypto fanatics. Metaverse are connected 3D virtual worlds, where humans can communicate virtually. However, it is not the complete reality. The term includes a wide range of virtual realities, including workplace tools to games and community platforms. Interestingly, the term 'metaverse' was coined way back in 1992, when the US-based author Neal Stephenson used this word in his 1992 science-fiction novel 'Snow 'Crash,' which envisions a virtual reality-based successor to the internet.

Did you Know?

From Pro Kabaddi League to IPL, blockchain-based applications have started making a buzz among sports enthusiasts and hardcore fans

Over the years, the metaverse has evolved and now this virtual theme is turned into a reality, thanks to a flood of themed applications based on the blockchain technology. However, the biggest question is can there be a metaverse without cryptocurrency. Market experts have a mixed opinion over it as some believe the cryptos have no mandate, whereas others see it as fuel for the metaverse economy. On the contrary, metaverse and crypto are two concepts which may exist separately. A token may have utility in both real and virtual worlds, but the concepts need to have a clear synergy with each other. Hitesh Malviya, Founder, IBC Capital said that crypto can be used to fuel economy inside metaverse. «Crypto could be used as a utility in metaverse platforms in future,» he added. The metaverse can be considered as the digital version of the world we live in. Recently, we have seen a wide application of metaverse in daily life activities such as art exhibitions, product launches, and even weddings. However, Shivam Thakral,