The Metaverse has plenty of room for growth, and will introduce a range of new possibilities in regards to not only finance, but also social interaction and digital presence. There are a lot of interesting theories to explore…Slowly we can see how the concept is being pushed more through social media. Icon (ICX) and RoboApe (RBA) are meme tokens making an attempt to bridge the gap between the Metaverse and decentralisation. We are yet to know just how successful the project will be with such a contrast in sectors.
The idea of the Metaverse has been around for a long period of time, but the pandemic led to more people becoming receptive towards the concept of living and interacting in a virtual reality. Now it is apparent that people are willing to and comfortable with embracing a digital environment where work life and social life co-exist.
In regards to cryptocurrency, although there are many projects incorporating the idea into their objectives, there is an argument that the said concept is going against what would be considered the most unique aspect of the industry, decentralisation.
Decentralisation has the capacity to decrease the current inefficiencies in a variety of social sectors, whether that be in Finance, Healthcare or Education. It is difficult to navigate through mainstream outlets and truly understand the fundamental aspects of decentralisation. Due to this, it is imperative to research and sustain a high understanding of the infrastructure being developed.
Will ICON (ICX) and RoboApe (RBA) play a role in adoption?
ICON’s interoperable network was developed with the intention of establishing a DAO based infrastructure where the creation of “Digital Nations” allows users of the ICON (ICX) ecosystem to develop their own sub-currencies and sub-economies within their own communities, essentially operating on their own as independent blockchains.
ICON’s objective is to mirror the current structure of real-world economies which involve multiple economic actors who all transact using a common means of value, mostly in the form of that particular nation’s fiat currency.
The ICX token can be used for staking and interacting with smart contracts. It can also be used to pay transaction fees, and receive awards for participating in the ICON network.
RoboApe (RBA) is built mainly to benefit the community. In other words, users get to enjoy all the features of the ecosystem and wield power in order to regulate and adjust the affairs of the project.
It is a decentralised ERC-20 token that acts as a means of payment, a medium of exchange and also a store of value. Token holders also enjoy free access to the Decentralised Finance (DeFi) products and services.
As an investor it is your duty of care to look into all potential implications of your financial decisions. It is possible to profit through a number of different ways within the industry. ICX and RBA both represent a push towards the concept of decentralisation, and both projects would be worth looking into as a potential addition to your portfolio.
Keywords: RoboApe, RBA, ICON, ICX, Metaverse, Decentralisation, FInance
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