The metaverse is taking over the world! Consequently, it’s no surprise that plenty of metaverse platforms are vying for your attention. From the Minecraft-powered Fortnite to virtual reality (VR)-based platforms like High Fidelity and Sansar, these metaverse platforms offer users a variety of ways to explore and interact with others.
Not only are individual investors looking to invest in the metaverse, but also the leading tech giants. For example, companies such as Meta, Microsoft, and HTC have already released their metaverse platforms, and others will follow soon. But what makes the metaverse so exciting? And why are many investors looking to join the virtual reality world as the crypto world continues to surge? This report will discuss the metaverse in detail and the top 10 metaverse platforms that you should consider investing in:
What Is The Metaverse?
The Metaverse is a meta-world where all digital inhabitants can communicate and interact freely. It exists in 3D virtual spaces, avatars, and customizations. In these virtual reality spaces users can explore, play games, create content or even build their businesses. The Metaverse is powered by blockchain technology sporting these key features:
- It is decentralized
- Transactions are immutable
- Unprecedented security
Additionally, It enables users to create digital assets, such as NFTs (non-fungible tokens). In turn, you can share or trade virtual goods.
The metaverse is connected to the real world in that it allows users to create their own virtual identities while maintaining some control over who sees or interacts with them. This creates a sense of safety and privacy for users within the metaverse. Further, it provides an opportunity for people to explore different cultures and identities in a secure environment.
Individuals can connect their metaverse identities and business to real-life assets and convert native tokens used on the different metaverse platforms to real money.
Which Top 10 Metaverse Platforms To Invest In
Each day, developers and companies seek to establish their metaverse platform. All these metaverse platforms compare differently as they offer and focus on different elements. Here are the Top 10 Metaverse Platforms to invest in:
Decentraland is arguably the most popular and established metaverse platform you can invest in. It is a blockchain-based virtual world where users can create, buy, and sell virtual real estate. Decentraland has two native tokens used to power and purchase, trade, or sell digital assets within its virtual world, MANA and LAND.
MANA is the governance token that allows Decentraland stakeholders to make decisions about the platform’s rules and regulations. At the same time, LAND is a non-fungible token (NFT) representing virtual property parcels. Currently, MANA is trading at an average price of $0.3969 and has a 24-hour trading volume of $59,012,842. MANA is expected to hit $3 by the end of 2023 provided the current bearish trend in the crypto market reverses.
With MANA price predictions expected to hit profitable levels in the new year. Decentraland is expected to be one of the top metaverse platforms to invest in. Moreover, the platform’s unique features, such as its decentralized economy, user-controlled assets, and interactive virtual world, make it one of the most attractive metaverse platforms to invest in. It has since attracted top companies such as Samsung and JP Morgan.
Cryptovoxels is a VR-based metaverse platform that allows users to create 3D scenes and explore different worlds. This platform was inspired by Minecraft and is built on the Ethereum blockchain. It also enables users to create persistent avatars, purchase digital real estate, and share content with other users.
In May 2022, Cryptovixels rebranded to Voxels. This was a move aimed at changing the platform from being only a metaverse platform to a more mainstream platform that allows people unfamiliar with cryptocurrencies and blockchain technology to join in.
Voxels are a top Metaverse platform because it’s more scarce than its competitors, making it a great investment opportunity. It is also the most user-friendly platform, making it easier to understand and use than its competitors.
Voxel is expected to explode in 2023 if the increasing popularity of crypto assets continues. It focuses on broadening the benefits of Web 3 to Web 2 users and expanding its audience to attract brands and corporations.
The Sandbox (SAND)
The Sandbox is another popular metaverse platform that allows users to create digital assets and monetize them. The platform is powered by Ethereum-based non-fungible tokens (NFTs) called SAND. As a user, you use the tokens to purchase land on the platform or in-game items.
The Sandbox focuses on creating a comprehensive experience for user-generated content and allowing them to secure the copywrites of their content through smart contracts and blockchain technology.
Additionally, Sandbox has an NFT Marketplace that allows users to buy, sell and trade digital assets. The platform also provides an in-game economy that allows users to earn real money by selling their in-game items.
The Sandbox is expected exploded in 2023 as a leading metaverse platform. Because it offers an excellent opportunity for content creators and gamers alike. Sandbox offers users several tokens that can be used on the platform, such as:
- LAND- this is the digital real estate in The Sandbox game, where players can build and monetize their virtual worlds
- SAFE- this token is used for buying, selling, trading, and staking SAND tokens.
- SAND- this is an ERC20 Ethereum token that acts as a utility token on the platform and can be used to purchase land or
- ASSET- NFTs created by users and can be traded on the platform.
The combination of these tokens makes The Sandbox an excellent investment opportunity for 2023 and beyond. Cypherium (CPH) is another top metaverse platform offering users an ecosystem of digital assets and services.
RobotEra is a virtual world platform built on the Ethereum blockchain. It is like Sandbox but integrates NFT protocols on the metaverse to offer several in-game earning opportunities. Some of the features making RobotEra a good metaverse platform includes:
- Lands with different geographical coordinates and landforms.
- Own learn and freely lease to obtain income.
- Build resources on your land to make in-game assets.
The native token of RobotEra is TARO – an ERC-20 protocol that allows users to make transactions within the platform. This is also used as a reward for in-game activities.
RobotEra is expected to experience exponential growth in 2023 and beyond due to its unique features and incentives.
AXIE INFINITY (AXS)
Axie Infinity is a game built on the Ethereum blockchain. It’s based on Pokémon and allows users to breed, battle, and collect digital creatures called Axies. Axies are animal-like characters that are made up of 3 parts: head, body, and tail.
Users can earn rewards in-game by playing with their Axies or by farming certain resources to progress the game further. The native token of Axie Infinity is AXS – an ERC-20 protocol that can be used to buy in-game items, trade with other players, or as reward for completing tasks. AXS owners can vote on the platforms and governance, such as how the treasury balances are used.
Axie Infinity stands out from other Metaverse platforms because of its simple yet immersive gameplay, which allows users to earn rewards through playing and exploring the world. Moreover, AXS is one of the leading metaverse coins, having gained over a 200% increase in price in 2021. It, however, dropped due to the crash in the crypto market, but it’s expected to increase again in the future and hit new highs.
Enjin Coin (ENJ)
Enjin Coin is an Ethereum-based token and an excellent virtual platform. It lets content creators, game developers, and businesses create, manage and exchange cryptocurrency-backed digital assets on the blockchain. The ENJ token can mint different non-fungible tokens (NFTs), such as characters, weapons, or items.
Enjin Coin is particularly popular among gamers as it allows them to collect and trade cryptocurrency-backed digital assets. Moreover, the platform offers an excellent incentive for game developers as they can monetize their games using ENJ tokens.
Enjin Coin stands out from other Metaverse platforms due to its unique gaming infrastructure, which makes it easier for content creators and gamers to monetize their creations.
Blocktopia is a Virtual Skyscraper with 21 Floors. It enables users to own and customize virtual properties and build assets and experiences on different floors of the Skyscraper. Buyers can purchase or rent out their property with cryptocurrency and use it as a source of passive income.
Blocktopia is an homage to the 21 million Bitcoin that will ever be created. Each of the 21 floors in the Skyscraper represents one million Bitcoin and has different features such as:
- Owned or rented apartments, offices, shops, and restaurants.
- Virtual experiences include art galleries, WWE areas, music festivals, and more.
This metaverse is built on the polygon blockchain, and the native token of Blocktopia is BLOK. This crypto asset can be used to buy, sell or rent out property in the Skyscraper and for other transactions on the platform. BLOK holders can also vote on decisions that affect the entire project.
Roblox is a massively multiplayer online game (MMO) platform that allows users to create and play games with others. The Roblox platform differs from other metaverse platforms as it is not hosted on the blockchain. Instead, it’s an online platform that anyone can access and play.
Roblox is an excellent platform for game developers as they can monetize their creations using Robux, the native currency of the platform. Developers can create virtual items like clothes or weapons, which users then purchase with Robux to customize their avatar and progress further in-game.
It is a very interactive metaverse for children as it hosts several kid-friendly games, animations, and experiences. The platform is also very safe as it has several safety features, like parental accounts and content filters, to keep kids safe from inappropriate or malicious content. As anyone can create a Roblox game, its potential is immense and endless. Hence, it’s a metaverse that will explode in 2023.
Known for its unique 3D scanning technologies for other metaverse platforms Metahero is worth your attention. Metahero stands out from other metaverse platforms due to its innovative 3D scanning technology, which allows users to create accurate 3d scans of people and objects, making it easy and fun to create characters or items for the metaverse.
Metahero also has its native token HERO, which is used to monetize everything on the platform and for other transactions in the metaverse. MetaCoin is quite popular among users and has recently gained a lot of attention, with many people investing in it because it’s the link between the natural world and the metaverse.
This metaverse allows characters to be characterized as assassins, Elementalist, close battle specialists, spell casters, mind readers, etc. This makes it fun for gamers to explore the metaverse and have unique experiences.
Star Atlas is another popular metaverse platform that has recently gained much traction. This platform is focused on the future because it was created as a game played in 2620. The Star Atlas games use Unreal Engine 5’s Nanite to create an immersive user experience that’s way better than other platforms.
The metaverse is built on the Solana Network and uses ATLAS and POLIS as the native tokens. ATLAS is the currency used to buy in-game items, weapons, and skins. POLIS allows people to get involved in political intrigue and is used for governance-related decisions like voting and proposals.
Star Atlas allows users to explore the future of gaming, where characters can go on missions, fight battles, conquer unknown territories, and even build their cities! It has a unique blend of multiplayer RPG and city-building games, making it quite popular among gamers.
It is an excellent platform for those looking to immerse themselves in the metaverse, and as it continues to grow, it is one of the platforms that will explode in 2023.
Several metaverse platforms are looking to explode in 2023 and the future. More people and brands are looking to join the virtual world, and the market is growing rapidly. Therefore, you can look at the top 10 metaverse platforms discussed here. If you want one themed for the future, one suitable for children, or to invest in land on the metaverse, you can get them all.
Moreover, the native tokens used on these platforms have proved to break current prices and be profitable in the future. For example, SAND and MANA are ranking high in crypto and will likely break the $10 mark by 2030.