Did you realize that in 2020, the metaverse sector was valued at a whopping $478.7 billion? It's predicted to nearly double to $800 billion by 2024, illustrating a significant shift toward digitalization as NFTs and the metaverse gain traction globally.
NFTs have been around since 2014, but they really started gaining widespread popularity between 2018 and 2020. By 2021, NFT sales skyrocketed to over $41 billion, according to Chainalysis. In the same year, the number of active wallets engaging with NFTs surged from 545,000 in 2020 to an impressive 28 million.
What's fueling the rapid rise of NFTs and the metaverse?
In contrast to traditional systems that come with numerous hurdles, the metaverse and NFTs provide a dynamic online community free from centralized control. Influential figures and creatives are leveraging NFTs to distribute their work to a global audience. Moreover, major sectors like gaming, music, healthcare, media, and sports are incorporating digital assets to streamline operations and enhance user engagement.
The Potential of Vault Coin as a Metaverse Innovator
Vault Coin, based on the Bitgert network, not only lets NFT owners earn rewards by staking their assets but also facilitates trading of these assets on the Vault marketplace.
The blockchain platform supports its native token, $VCT, which is optimized for energy savings, lower fees, and quick transactions. With $VCT, trading NFTs in the marketplace becomes seamless, and it also plays a role in NFT staking for reward generation.
Vault Coin aspires to harness the burgeoning potential of NFT assets by creating an accessible, cost-effective, and decentralized platform. As the virtual realm continues to expand, the platform intends to draw in the NFT enthusiasts predominantly found among Gen Z.
On top of this, Vault Coin has plans to launch its token on a decentralized exchange within the Bitgert network. The initiative is supported by partners including Tokyo Coin, Briseman, Aibra, CQ Network, and Lunagems, along with additional venture capital funds dedicated to propelling the blockchain protocol toward its ambitious targets.
More Development for the Future
Vault Coin is committed to crafting products that resonate with crypto fans while offering the highest caliber of platform presently available, signifying a transformative era for NFTs and blockchain.
Additionally, the Vault Coin ecosystem will delve into building a metaverse where users can engage in work, play, and social interactions. Upcoming undertakings like the NFT marketplace, staking platform, and launchpad are set to debut between July and September 2022.
Beyond addressing current or future needs, the ecosystem is poised to catalyze the widespread embracement of NFTs within the metaverse.
For more insights on Vault Coin, follow the links provided below.
