What about metaverse cryptocurrencies?

There’s still a long way to go with the Metaverse trend, and it could take various paths. One question is whether the bulk of the Metaverse will be built by corporate entities or with decentralized solutions such as blockchain and cryptocurrencies. For this reason, we’ve already looked at the corporate entities. But, since the future is uncertain, it’s worth keeping at least a couple of cryptocurrencies on your radar as well.

The first is Theta (CRUPTO:THETA). Being a content delivery network, Theta is conceptually similar to Cloud-flare. However, it could theoretically deliver Metaverse content faster because its physically stored closer to the consumer. The project started as a way to livestream VR video games and has quickly captured the attention of Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) and Samsung. Theta’s CDN idea is also patented, mitigating the competitive risk from other decentralized solutions.

The other cryptocurrency to watch is Arweave (CRYPTO:AR). This team is building what it calls the “permaweb,” and its mission is to “preserve knowledge from our past, present and future with immutable information storage.” Solana (CRYPTO:SOL), another cryptocurrency project with major data storage needs, has partnered with Arweave, as has smart contract crypto platform Avalanche (CRYPTO:AVAX) — major votes of confidence in Arweave’s capabilities.

Of course, Arweave isn’t the only decentralized project thinking about data storage. But its endowment pool payouts encourage long-term data storage, and that’s a clear differentiator here. In many other cases, users pay miner up-front fees to store data for a limited period of time. By contrast, Arweave incentivizes miners to store data forever by gradually paying over time from an endowment pool that users pay into. This long-term solution to the problem could make Arweave a winner here.

The question between centralization and decentralization highlights once again how early we are in the metaverse trend. For this reason, it’s important for investors to stay engaged and curious when looking for ways to invest. New developments will reveal more opportunities over the long haul.