Binance.US, a leading cryptocurrency marketplace, has recently announced its decision to join the metaverse by becoming one of the very first Portals residents. Portals are part of the rapidly expanding Solana metaverse, which has loyal Solana users flocking to the platform in droves.
What Are Portals?
ThePortal.to provides a unique opportunity for newcomers to the metaverse to invest in their very own piece of virtual real estate.
Portals are virtual spaces where users have the ability to customize them while making them uniquely their own. Portals can be used to meet, gather, communicate, and even show off virtual furniture and collectible NFTs.
Why is Binance.US Building an Office in the Solana Metaverse?
Because ThePortal.to is compatible with Binance.US, it is no surprise that Binance.US moved quickly to reserve a space within the first virtual apartment building of ThePortal itself.
Although the price of how much Binance.US paid for their virtual office space has not yet been disclosed, it is important to note that currently, the floor price of the Portal.to project is 48.00 ◎ SOL (Solana).
There are many competing virtual platforms that are compatible with the likes of Bitcoin and Ethereum, such as The Sandbox and Decentraland. With ThePortal, users of Solana will also have the opportunity to spread their wings in the digital playground without overpaying in gas and service fees.
What is the Future of the Metaverse?
The future of the metaverse is not entirely known, but we do know that it will likely continue to rapidly expand. With additional crypto exchanges such as FTX committing to come to Portals along with Solana-based projects including Magic Eden, Bonfida, and Raydium, the sky is the limit.
As the metaverse continues to generate more buzz with each passing week, we will likely see increased competition between Solana-based projects and Ethereum-based projects (among other cryptocurrencies) as we navigate our way through this entirely new economic platform.
Understanding what the metaverse has to offer and how virtual portals can help us adjust is essential whether you are using Binance or another cryptocurrency exchange today.