Metaverse and Ethereum are each buzz words in their own right. You might be surprised to find out that the two are more connected than it seems. Many decentralized applications (DApps) on the Metaverse are coded on Ethereum’s network and accept Ether for transactions in the digital ecosystem. This article will touch on both concepts and delve into examples of this relationship within the Metaverse. If you’re not yet familiar with either Metaverse or Ethereum, don’t worry — we’ll provide you with links to quickly get up to speed.
As mentioned above, many of the Metaverse’s DApps exist on Ethereum’s network. Any Smart Contract or transaction in these apps relies on using Ether (ETH), a currency unique to that network. There are plenty of tokens based on Ethereum, including the famous memcoin Shiba Inu. (SHIB). This connection between Metaverse and Ethereum goes deeper than just providing liquidity for transactions, though; it also allows us to connect our digital ecosystem with its physical counterpart. For example, if you want to register your business on our platform, you’ll need an E-wallet address. You can create a wallet through Metaverse or a third party like Coinbase. You could also try a hardware wallet.