Metaverse is a developing sector and it's a virtual world where we can associate, shop, work, visit art galleries and attend concerts many of the things we can do in the real world.
There are many ideas about how the metaverse will develop, but some aspects of cryptocurrency will likely be the payment of choice.
We’re already watching people using crypto to purchase land and goods in various virtual universes. But it has already increased the interest of many people. People are finding ways to invest in Metaverse early to get profitable returns.
Many metaverse projects imply great potential. With an enormous trading volume and overall valuation, the Metaverse projects in this blog are currently popular in crypto. Let’s look at the top five highest traded Metaverse projects with great potential in 2022.
What is Metaverse?
The metaverse can be described as a persistent, online, 3D universe existing in multiple real spaces. It is considered by many as a future repetition of the internet as it will help users to meet, work, game, and associate in 3D spaces.
The metaverse is moved by augmented reality, with the user controlling a character. With the metaverse, we can execute the work meetings virtually and feel like we were physically present. Cryptocurrencies have become very vital to the metaverse space. Cryptos serve as utility tokens in the metaverse, while the non fungible tokens (NFTs) are the real collectibles.
Top 5 Metaverse Projects
The metaverse is still in its early days, but various cryptocurrency projects are now focussing their fame on this space. The Sandbox, Decentraland, Star Atlas, Bloktopia, Metahero are some of the prominent names in the metaverse space. Though, we have some projects that are fairly unknown but have vast potential. Here are the top five metaverse projects.
One of the best metaverse crypto projects would be the Sandbox. The Sandbox is a blockchain-based virtual world enabling users to create, build, purchase and sell digital assets in the aspect of a game. By combining the capabilities of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox develops a decentralized platform for a succeeding gaming community. The Sandbox platform’s major purpose is to introduce blockchain technology in mainstream gaming successfully.
The platform suggests facilitating a creative “play-to-earn” model, which permits users to be both creators and gamers simultaneously. The Sandbox assigns the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.
The Sandbox is a different platform because it brings up blockchain technology to the world of gaming. The gaming industry is a massive untapped market when it comes to the adoption of blockchain tech. By developing a universe where gamers can build and collect blockchain-based assets, the Sandbox attempts to revolutionize the market. It makes a recess in the global market of gaming. Sandbox builds a metaverse of effective players who provide to the platform’s further development. Not only that, by introducing the SAND token, the Sandbox promotes decentralized governance and permits users to share their opinions and ideas about the development of the project.
One of the earliest players in the metaverse is Decentraland. Decentraland (MANA) is a virtual reality platform powered by the Ethereum blockchain that enables users to create, experience, and monetize content and applications. In this virtual world, users purchase plots of land that they can later lead the way, build upon and monetize. Decentraland is built for content creators, businesses, and individuals that are seeking a new artistic medium, business chance, or source of entertainment.
Decentraland is also one of the rising numbers of projects to use a decentralized self-sufficient organization (DAO) structure for governance decisions. As a result, MANA toker holders are in control of how the Decentraland world behaves, by proposing and choosing policy updates, the specifics of upcoming LAND auctions, and the types of content that are enabled with the Metaverse. Many Decentraland users nowadays monetize their LAND through leasing, promotion, and paid experiences. Likewise, other users develop an income by creating and selling items on the Decentraland marketplace for MANA tokens.
One of the most inventive metaverse crypto projects is Star Atlas. It is viewed as one of the gems in the metaverse space. It is a solana-powered metaverse game with a double token economy.
The team pursues to combine blockchain, real-time graphics, multiplayer video games, and decentralized financial technologies to assure that its game is one of the best in the cryptocurrency space. Star Atlas is still in its initial stages, but the community is fascinated by this project. With so many different functionalities and promising experiences in-store, Star Atlas can grow quickly among the grades of best metaverse crypto projects in the future.
The next important addition among top metaverse blockchain and crypto projects is Bloktopia. It is a VR metaverse game. It attempts to offer a hub in the metaverse for consorting, work, events, and many other activities. Bloktopia operates Polygon blockchain for lending the four primary functionalities of learning, earning, playing, and developing.
The four specific functionalities allowed by blockchain in Bloktopia assess its position among top metaverse blockchain projects in recent times. It can perform as a significant gateway for learning about blockchain and its importance in the metaverse. Bloktopia is also supporting the play-to-earn model through the native token, BLOK.
It is one of the must-watch metaverse projects in 2022 because of its powerful banking. Bloktopia has persuaded investors such as Animoca Brands. Other leading metaverse projects, Bloktopia gives a marketplace that enables users to purchase BLOK real estate using an NFT mechanism.
Metahero depicts itself as the gateway to the metaverse. The project aspires to use Ultra-HD photogrammetric scanning technology to make the next 10 million new users to cryptocurrency.
Metahero linked with Wolf Studio, a leader in the 3D scanning world, to work on its project. The team’s beginning of meta scanners in the metaverse builds various use cases like 3D printing, scanning network, and in-game character creation. Metahero’s efforts have so far created a lot of confidence in investors. Metahero has everything to be among the greatly successful crypto projects of 2022.
Metaverse tokens are crypto tokens with value inside and sometimes outside the Metaverse. These tokens can be used for rewards, utility, and pricification. We can also think of metaverse tokens as the native tokens of the metaverse space we select to invest in.
The metaverse is a fast-growing category within the cryptocurrency and blockchain sector. However, we still have only brushed the surface of the possibilities. At the same time, the number of metaverse projects is also gaining extensively.
The Metaverse will likely be explosive in 2022. The above projects are in the top 5 with high capability in the future year, and tt is an outstanding opportunity. There are various projects within the metaverse space, but we think that the above-discussed projects are worth looking out for in 2022.