Metaverse is a virtual world that can be accessed through virtual reality headsets. We engage in social media, play games on smartphones, meet over zoom calls, every activity we do has become virtual. We perform these activities virtually in a 2D virtual world. Imagine a 3D virtual space where people can meet, play or conduct business. This is what a metaverse is.
Facebook has changed its name to Meta in pursuit of the metaverse. Major companies are already leaning towards metaverse and the potential services which can be offered. Meta had acquired Oculus, the VR headset manufacturer years ago. Adidas has partnered with Bored Ape Yacht Club and Nike has acquired RTFKT studios, a studio that produces digital collectibles.
Some of the metaverses were created in the crypto ecosystem and they have tokens associated with them which help users to participate in the governance of the platforms. Betting on these cryptocurrencies would be a pro-metaverse move as these cryptocurrency projects have a well-developed ecosystem and great communities.
NFTs or Non-Fungible tokens solve the problem of digital duplication. It is the reason they are used for every digital asset like an avatar, land, and other items in the metaverse. NFTs are traded in NFT marketplaces like Opensea or in-metaverse marketplaces.
Best Metaverse Crypto List
1. SandBox(SAND)
Sandbox is a virtual world built on Ethereum where users can build structures, own land, monetize their experience, and earn SAND tokens. SAND is the governance token and can be used to buy land and other assets in the Sandbox metaverse. Sandbox has partnered with Snoop Dogg recently and launched The Doggies NFT collection.
3D assets can be built on VoxEdit and can be incorporated into Sandbox. The Sandbox Game Maker allows anyone to build 3D games without any code. Games can be monetized to earn SAND. There are more than 20,000 landowners in the Sandbox metaverse.
2. Decentraland(MANA)
Decentraland is a browser-based 3D virtual world on the Ethereum blockchain. Users can explore, create scenes and artworks, and buy/sell land, digital assets in the Decentraland marketplace. Land owners can create games, services and even rent it. MANA is the token of Decentraland. MANA is used to purchase land and to pay for other assets and services in the Decentraland metaverse.
3. Wilder World(WILD)
Wilder World is an immersive 5D metaverse built on Ethereum, Unreal Engine 5 and ZERO. Their aim is to create a fully-decentralized and community-owned virtual nation. Wilder world stands out due to its hyper-realism and mixed reality worlds, where users can explore and trade in virtual land. WILD is the utility token of the Wilder World metaverse and can be used to trade NFTs in the Wilder market.
4. Axie Infinity(AXS)
Axie Infinity is one of the popular metaverse games out there. AXIES are pokemon inspired creature NFTs that are used to play the game. Players can collect, breed, battle, and trade their AXIES. Players can also earn tokens by winning games. AXS is the governance token of the Axie Infinity. Players can buy Axies, Land, and other items on the Axie Infinity marketplace. Over $500,000 worth of sales happened in the last 24h.
5. Bloktopia(BLOK)
Bloktopia is a metaverse based on the Polygon blockchain. Bloktopia is a virtual reality skyscraper made up of 21 levels that act as a hub for crypto activities. Users can create digital avatars, own virtual real estate, play games, and build networks. Advertisers and sponsors can monetize the platform's using a dedicated NFT mechanism. Bloktopia is backed by the largest VCs in the space.
6. Illuvium(ILV)
Illuvium is an open-world exploration game built on the Ethereum blockchain where players can collect Illuvials(3D creature NFTs) and battle against each other. Players can earn ILV tokens as in-game rewards for completing quests and participating in PVP battles. Illuvium has both free and paid versions of the game. The Illuvium game is expected to launch in 2022.
7. Vulcan Forged(PYR)
Vulcan Forged is a blockchain game studio and NFT marketplace. Vulcan Forged is the creator of Vulcanverse, which is a fantasy metaverse made up of 10,000 plots of land. Vulcan Market is the marketplace for all Vulcan Forged games. PYR is the native utility token used to pay fees and to earn staking and play-to-earn rewards.
8. Victoria VR(VR)
Victoria VR is a world of entertainment, discovery, and learning. It is powered by Unreal Engine, the world's best gaming engine to produce high-quality graphics. Users can get rewarded by completing quests and exploring the metaverse. Traditional businesses will be able to establish locations for themselves in Victoria VR, where they will be able to sell and promote their digital and real-world services.
9. NFT Worlds(WRLD)
NFT Worlds is a decentralized, community-driven play-to-earn gaming platform. NFT Worlds are 10,000 NFTs which are trading at 10.8 ETH each on Opensea. The worlds are fully customizable and owners can create their own metaverse games and communities within their worlds. WRLD is the utility token of the NFT Worlds. All in-game purchases require WRLD tokens. NFT Worlds is built using an open-source Minecraft ecosystem.
10. Defi Kingdoms(JEWEL)
Defi Kingdoms is a browser-based metaverse game. Defi Kingdoms leverages the Harmony ONE blockchain. Players will be able to participate in combat quests and PVP battles with their Hero NFTs. JEWEL acts as the main token of value in the game and can be used in the marketplace to purchase Hero NFTs. Hero NFTs play games and earn JEWEL. JEWEL also provides fee-sharing opportunities, liquidity pooling, and governance rights to the owners.
The metaverse concept is still in a nascent stage. More developments are about to come to the existing platforms and many new metaverses can emerge.
Investment in cryptocurrencies is risky and invest only what you can afford to lose.
Post a Comment