The Top 5 Crypto Projects For The Metaverse in 2022
Thanks to the abundance of virtual worlds, you may buy virtual real estate and in-world goods like footwear, weapons, clothes, armor, and more. According to some estimates, the value of the Metaverse will increase to almost $800 billion by 2024 from its current value of about $47 billion.
With all this buzz, there has been significant growth in metaverse initiatives, and people are competing to find the best. So let’s look at the metaverse initiatives that merit further investigation.
How are NFTs and digital assets purchased?
NFTs can be purchased from various venues, including the project’s website or third-party marketplaces. Virtual assets and NFTs will be sold on various platforms, including MagicEden, OpenSea, and the projects indicated below.
You need to have money available to bid on products and connect your cryptocurrency wallet. Check out our setup instructions for the Phantom wallet if you want to learn how to set up a cryptocurrency wallet.
You’ll need to research the type of wallet you want before setting that up; we have another article that lists the top Solana wallets now on the market. Look into it.
What are the top crypto projects for the Metaverse in 2022?
The project is based on the Ethereum blockchain and shares Decentraland’s goal of dominating the Metaverse. The native SAND token and Ethereum cryptocurrency run the in-game economy.
The game editor makes creating events and components quite simple, which makes playing this Metaverse so much fun and accessible. The in-game economy can be further boosted by selling these assets for a profit.
The Sandbox metaverse’s user-friendly interface, NFT marketplace, and UGC game technology draw players to spend their time there. Check out our essay on what to think before investing in a metaverse project before purchasing land in the Metaverse.
The Ethereum blockchain is used by the platform as well. It enables users to design gaming events and produce NFTs to sell and use in those events, similar to Sandbox. The Decentraland platform is known worldwide as the first metaverse initiative, and virtual land there has been auctioned for billions of dollars.
It was a world record transaction when The Metaverse Group recently paid $2.43 million for a plot of land on Decentraland. MANA and LAND are the two in-native tokens.
Decentraland and Sandbox are fundamentally different from one another in that the former places less emphasis on user-friendliness. It will take some coding knowledge to build atop Decentraland. In the coming years, the other projects on this list and the metaverse crypto project will likely compete for the top rank. However, it benefits beginners.
Top 3 Metaverse Crypto Projects to Watch for 2022
The metaverse was the hottest tech trend in November. The renaming of Facebook had a massive force to discuss this topic and led to increasing interest in the tokens of the gaming metaverse. pic.twitter.com/enZ9Z701Mo
— Kayode Ola | Web3📉📈 (@IAmKayodeOla) February 23, 2022
3) Axie Infinity
The following crypto project in the Metaverse is comparable to the Web3 iteration of Pokemon. One of the most popular crypto projects and play-to-earn games in Web3 is Axie Infinity. With the NFT collection just topping $4 billion in sale volume, 97 percent of NFT holders possessed three or more Axies.
Axies are created by players of Axie Infinity and used in battles against other players. All Axies can be bred, sold, enhanced, and purchased from third-party marketplaces. Their native cryptocurrency is AXS. The project lacked drive for the previous few months and could do more to develop its virtual reality elements. Think of Axie Infinity as the Pokemon of Web3. It is still one of the best metaverse initiatives, nevertheless, in my opinion.
One parcel of land for the project sold for $2.5 million, shattering previous sales records.
4) Star Atlas
The project called Star Atlas is undoubtedly the most superb and gamified of all of them. Have you ever heard of the science fiction MMO strategy game Eve Online? Star Atlas is sort of like the P2E rendition of that. It can undoubtedly be considered the best Metaverse title.
The Solana network, known to be the Web3 network with the fastest transaction speeds compared to the other projects on this list, is the foundation upon which the world is built.
The game’s primary goals, which are set in the year 2620 and involve roaming the cosmos aboard a spaceship, are to conquer, dominate, and accumulate enormous wealth. You’ll be able to purchase virtual assets like real estate, tools for your crew and ship, more ships, and crew members to assist you on your journey.
This one is one of the cryptographic metaverse initiatives with a real chance of being the future best or most well-known metaverse project. You’ve undoubtedly already seen that gamers are the core demographic for the metaverse cryptocurrency initiatives, regardless of whether they’re primarily gaming platforms.
Zepteto, similar to Sandbox in its user-friendly tools and framework, would be an excellent pick for the greatest Metaverse.
Users can create avatars that resemble “Mii” characters, and because of the modification tools, it’s not too tricky to precisely incorporate your physical characteristics into the characters. Over a dozen types of user-generated content are already available for the site. The younger generations of the nation like using the project, which is based in Korea, to socialize with their peers during COVID-19.
By making the creator studio relatively simple to use, the platform makes it fairly simple for users to create video games. The fact that this platform offers a tonne of helpful tutorials and tips indicates that it has a good chance of gaining popularity.
What is the best Metaverse?
It would be difficult to pick one virtual world over another because they all have something to offer different players and Web3 users. Others may place more value on the platform’s user-friendliness, especially for beginners, while others place greater importance on the community.
The ease with which one can make and sell in-game things to other players influences many people’s decision to utilize virtual reality. Another consideration for individuals is how simple it is to switch from the physical world to the virtual one; immersion in the environment is essential for a memorable encounter.
Ultimately, all that matters is being able to don your VR headset, disengage from the outside world, and have fun exploring the various metaverses.
Principal Metaverse Coins
The metaverse currencies for these platforms are listed below; if you trade their non-fungible tokens, you can spend these metaverse tokens on both their respective native platforms and third-party marketplaces.
Most of the time, each platform will support a variety of tokens.
- Box made of sand
- Centralization: MANA
- Star Atlas: USDC & ATLAS