The metaverse, a contraction of “meta” and “universe”, i.e. meta universe, is a network of always-on virtual environments in which many people can interact with each other and with these digital objects while operating virtual representations – or avatars – of themselves.
The term metaverse became popular after Facebook CEO Mark Zuckerberg announced that the social network was becoming a metaverse. According to Mark, metaverse is a virtual environment where you can be present to people in digital space. It’s a virtual world that you are in instead of just watching.
Metaverse offers new investment opportunities. Indeed, the metaverse economy promises significant gains, especially in sales of virtual goods and services. For example, according to a report by Grayscale, one of the largest asset managers in the cryptocurrency world, the metaverse could represent an annual market of $1 trillion in the coming years.
Top 3 best metaverse related projects
1- Decentraland (MANA)
Decentraland is an Ethereum-based virtual reality blockchain platform where users can buy, create and monetize virtual objects.
Decentraland is one of the most coveted platforms. Investors and users of the metaverse have recently shown a lot of interest in Linked Wearables.
In Decentraland, the spaces you interact with are LANDs, non-fungible digital assets that you purchase in the game. Once you own a piece of LAND, you are free to do whatever you want with it. You can create games, applications, game services, or even dynamic 3D scenes.
MANA is the cryptocurrency token of Decentraland. It is an ERC20 token that you use to buy plots of land and pay for goods and services around the world.
The Decentraland team is led by Ari Meilich (project manager) and Esteban Ordano (technical lead). Ordano previously worked at Bitpay as a software engineer and founded Smart Contract Solutions, Inc. The two founders also worked together to create Stremium and Bitcore.
The founders of decentraland
Decentraland has been around longer than you think. The team took its first development step, the Stone Age, in June 2015. It was a simple pixelated grid that assigned pixels to users through a proof-of-work algorithm. More recently, they held a Terraform event where they sold LAND in the new 3D world.
MANA reached its highest level in January 2018 at $0.26, with two more highs in May and July, $0.18 and $0.14 respectively. Since July 2018, MANA has continued to decline, reflecting trends in the crypto markets.
You can buy MANA on most major exchanges like Binance or OKEx.
2- The Sandbox (SAND)
The company behind the metaverse “The Sandbox” has been around since 2012. Today, in its first version, The Sandbox proposes a redefinition of the concepts of ownership. Through NFT, this metaverse allows users to buy virtual land that they can exploit as they wish. And even resell on a dedicated marketplace. In an interview with Insider, the CEO of The Sandbox announced that he wants to become the Manhattan of metaverse.
Metavers like The Sandbox allow artists to unleash their creativity. And to eventually monetize that creativity. Because unlike more traditional games, it is the users who shape The Sandbox metaverse. By creating new objects or new game experiences. Operations that users can perform via VoxEdit or Game Maker, the two software packages developed by The Sandbox. The protocol is based on the SAND token, which can be used to purchase certain game items such as plots.
The Sandbox has the advantage of having concluded numerous partnerships with more than 165 major brands, such as Atari, Adidas, Warner Music Group, Binance or the Smurfs.
3- Axie Infinity
Inspired by Pokemon, Axie Infinity Metaverse NFT is a role-playing game universe. Depending on the game mode, players fight against each other. They use Axies to battle each other. In the Metaverse NFT, there are different virtual islands, there is the internal token, called AXS, and there are these avatars called Axies.
Inspired by Pokemon, Axie Infinity Metaverse NFT is a role-playing game universe. Depending on the game mode, players fight against each other. They use Axies to battle each other. In the Metaverse NFT, there are different virtual islands, there is the internal token, called AXS, and there are these avatars called Axies.
Axie Infinity has become one of the most popular NFT games in a few years.
To offer a competitive, addictive and popular NFT game may seem like a real challenge. Yet this is the feat that Vietnamese studio Sky Mavis has managed to pull off with Axie Infinity. Launched in 2018, the little game is now establishing itself as a Play to Earn reference.
In Axie Infinity, each player is a breeder of Axies, adorable little round creatures with 4 legs and a tail. The Axies can however reproduce and create new species that may have horns, wings, fur or different expressions.
The player must therefore take care of his Axies so that they live in a flourishing environment and give birth to unique offspring whose abilities will depend on the parents’ genes. Because the other important point of Axie Infinity is that the little monsters are made to fight.
Axie Infinity has 2 types of tokens considered as the game’s currencies: SLP (Smooth Love potions) and AXS (Axie Infinity Shards). These tokens are essential to progress in the game and earn real money.
SLPs are given as a reward to players who win their fights. On average, they get between 2 and 6 SLP per victory. A system of daily quests also allows players to earn more SLP. Players can then use them to mate two of their Axies to create a new monster.
AXS is also needed to pay for the mating of your monsters. It is the governance token of the game, so owning it gives you a vote on future decisions in the game. Not being a DAO yet, it is not possible to buy these tokens directly from the developers. However, they are available on cryptocurrency exchanges, but their value has gone through the roof.
