Metaverse Payment Methods: How to Shop in Metaverse

Welcome to a parallel dimension where everything is possible, and the sky’s the limit! Are you too short to play basketball? Have you always wanted angelic wings? Is there no chance to meet with Snoop Dogg in person? Are you missing all the premiers of X-Men? Oh, wait! Maybe you would like to be neighbours with Reese Witherspoon. Told you! There is no limit in Metaverse. Perhaps you have missed the beginning of our dear Mother Earth, but you have a great chance to step on this one from square one.  

What is the Metaverse?

Briefly, Metaverse is a virtual version of our current world. All is included! Flowers, friends gatherings, arguments, concerts, estate planning, and a myriad of specifications that we already have here. Although we can not talk about all the senses in the game in this virtuality, sight and hearing are sufficient to lead us into factuality for now. Considering the vertiginous speed of technology, you can find yourself eating delicious patties in a BBQ in Texas, USA, while you are lying down on your bed in Athens in a couple of years. Sounds like Sci-Fi? We do not think so. If you watch Star Trek, a popular 1960s series, you can find traces of the internet and mobile devices we use nowadays. 

How to shop in Metaverse

When we speak of reality, we can not get rid of the fact that we need a monetary system to build a society on. Since Gucci, Nike, Samsung, Louis Vuitton, Walmart, Coca Cola, Balenciaga, and many brands have entered Metaverse shopping already, we can foresee Metaverse will need payment methods. It is not only wearables. We will all need a currency to pay for rents, memberships, concert tickets, to buy NFTs or maybe our utility bills of augmented lands. 

At the time of writing this article, there are already some Metaverse payment methods; however, we better underline the fact that every single Metaverse platform utilizes its currency. On the other hand, there is one widely valid crypto coin, Ether. Since ETH is one of the most respected and trusted crypto-assets accepted in almost every crypto wallet and NFT Markets, it is not surprising to see it as a pillar to buy Metaverse products. Moreover, Ethereum technology is under the limelight for all residents of various Metaverses due to the massive jurisdiction. 

To save your precious time, we have listed the most known Metaverses with their specific cryptocurrencies below:

SAND: The Sandbox is one of the most known Metaverses in the sector, and it utilizes SAND to purchase NFTs on The Sandbox’s marketplace, buy lands and enjoy the latest releases. It is possible to exchange SAND on platforms such as Binance, Huobi and WazirX. 

AXS: AXS is the native currency of Axie Infinity. Players can form their persona, dress them or purchase SLPs (smooth love potions) to breed digital pets called Axies. It is likely to buy this cryptocurrency in popular crypto exchanges such as Binance, Coinbase, Gemini and more as well as AXS tokens can also be earned by breeding Axies, which are unique NFTs that can also be used to compete in tournaments. 

MANA: Here is another comprehensive virtual environment, Decentraland. Decentraland residents use MANA to buy avatars, parcels of land, event tickets, memberships and “wearables” like accessories and clothes. MANA can be found on crypto exchanges like Binance, Kraken and Gate.io. 

However, there is a typical specification of Decentraland; it is a decentralized autonomous organization (DAO). Therefore, owning MANA also provides you with the opportunity to vote on specific aspects of the platform. You will be a part of a democratic constitution in which you will have a voice in policy updates and NFT auctions. 

All in all, Metaverse is a colourful version of our planet. No matter whether you are into hanging out with your besties in a limitless world or you want to stand for your community through your wealth, it looks like we will all end in it sooner or later. Thus, it is highly beneficial to glance at what is waiting for us. Isn’t it? 


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