Metaverse’s most successful projects
The topic of Metaverse has become highly relevant after Facebook’s rebranding to Meta and Mark Zuckerberg’s announcement that the company will be developing a digital universe in the coming years. The best meta-universe tokens perform service functions in blockchain projects. For example, they help reward users, mint and buy NFTs, and drive game progress.
A virtual world on blockchain that offers analogs to the actions one does in real life: communicating, trading, creating something, building it, and making money. The same small universe is available in Indian casino games online, so you are advised to check it out.
Each blockchain-based meta-universe has its token; it is needed to participate in trading irreplaceable tokens, vote as part of decentralized governance, and use other platform functions. The more popular the game, the more popular the token becomes.
Let’s understand which assets are most in-demand today and where you can buy them.
What is a meta-universe
A metaverse can be described as a virtual space where users interact online differently. Often such a universe combines several separate platforms and can be controlled by augmented reality. In science fiction, this is the same world where holograms replace the phone, and every person has a virtual avatar.
Computer games are closely related to this concept. For example, Fortnite, Second Life, Roblox, etc., projects either focus entirely on the meta-village model or use parts of it (say, virtual concerts and events).
The role of cryptocurrency
The main uses of cryptocurrencies in meta-universes:
- Digital collection capabilities. NFT-tokens allow proving the uniqueness and originality of an object to protect it from counterfeiting.
- Connecting the protocol with a web3-wallet is the best confirmation of the right to control an object or action.
- Users have the right to vote. Token holders of the meta-universe can vote for changes to the protocol or propose them themselves.
- Security and no censorship. There is no such thing as account/account blocking. In-game currencies are protected according to the rules of blockchain technology.
- A wide variety of blockchains gives developers the ability to run their projects on the fastest and most efficient networks, which is also suitable for players.
- High availability. Anyone can create a wallet in the public blockchain; it is anonymous (requires no proof of identity) and free.
Top meta-universe tokens by market capitalization
Axie Infinity (AXS)
Axie Infinity is a virtual world where participants breed pets called Axies and fight other players with their help. The stronger the pet, the more expensive it is, so you can earn money by generating Axies and selling them. AXS token serves as the main trading asset in the system. Also widely used is the SLP token, with which animals are cross-bred.
THETA is an infrastructure for the realization of meta-universes. It is essentially a decentralized blockchain video streaming network. It allows users to watch videos and receive rewards for their loyalty through tokens. In November, an analyst called it one of the most promising projects in the virtual universe industry.
The Sandbox (SAND).
The Sandbox, one of the most popular Metaverse projects, has launched its long-awaited alpha version. By downloading the client, players get access to a host of games and exclusive features and can win NFT and SAND tokens for their activity. In addition, daily contests and promotions are available to participants.
A virtual reality platform powered by Ethereum blockchain. It allows players to create, use and monetize game content. It is based on NFT token LAND, which is fully decentralized and owned by the community. MANA is used to make purchases of goods and services in the universe.
Enjin Coin (ENJ)
A suite of tools for integrating NFT and meta-villages into any blockchain application. A handy solution for businesses looking to scale into a promising industry. Allows you to create tokens in a few clicks without deep knowledge of programming and blockchain technology.
The popular decentralized crypto exchange announced in late October the imminent launch of ShōYu, an NFT marketplace solution. It will allow you to sell and buy assets from meta-universes, as happens on OpenSea and other similar markets. In addition, the ecosystem is actively introducing various solutions related to supporting in-demand blockchains and dApps.
The WAX protocol is a DPoS (Proof-of-Stake) blockchain designed to scale with the microservices layer, which provides the infrastructure for creating meta-universes and markets for digital goods. WAX was intended to simplify blockchain for decentralized applications, and it succeeded.
CEEK VR (CEEK)
A meta-universe aimed at working with music artists, artists, and other content creators. Here, celebrities will be able to sell their tokens, and fans will be able to build collections of valuable virtual items. CEEK VR’s partner is Universal Music, so users will be given opportunities to go to live performances of legendary stars, from Bon Jovi to Lady Gaga.
A blockchain-based ecosystem allows you to interact with NFT, develop new games and applications, and innovate. The project is also equipped with a referral system: it rewards attracting new users to the platform and promoting products on Ultra.
My Neighbor Alice (ALICE)
A farm simulator where you can buy and equip your plot, meet your neighbors, and trade NFT tokens in the form of animals, food, decorative items, and buildings. The ALICE token allows players to buy NFTs and plots of land and use various integrated DeFi solutions.
Where to buy meta tokens. Exchanges for trading
Almost all major cryptocurrency exchanges work with tokens of this kind, such as:
- By bit;
The Future of Metaworlds
Most of the technology needed to create a true meta-universe currently exists or is in development. But there are still a few hurdles to overcome before the concept can be used. In addition, if this sector is commercialized too quickly, user interest may wane – they will think they are just making money.
Futurist Trond Undheim, Ph.D., believes virtual reality will swoop down on humanity in the next seven years. Facebook is one of the pioneers in this direction. Given the company’s scale, there is every chance it will be able to combine disparate components into an entire digital ecosystem. Google, Apple, and Microsoft will follow Facebook. Integration between NFT and virtual universes will play an important role. As for entertainment like play Andar Bahar online, it will soon be available in Metaverse as well.
New meta-universe tokens appear almost daily, but not all of them will become popular. When entering this industry, be careful. Several projects have already proven to be serious, which is what you should stick to. The prices of the coins in question are rising in the long run, yet cryptocurrencies were and still are high-risk investments. And too fast growth, in general, can be alarming because there is a possibility of an artificial plummet. Don’t forget about diversification; allocate only a part of your investment portfolio for high-risk investments, then you won’t lose much even in case of a significant decrease in the rate.