Metaverses have been the talk of the town recently, mostly thanks to their innovative ways of combining the power of blockchain technology and the concept of virtual reality. Locating the most promising metaverse projects can be challenging, so we summarized the top three and their native crypto tokens for you.
Let’s take a quick look at metaverses in general before jumping into the details. Simply put, metaverses are virtual, life-like environments where users have the chance to engage with each other and with the surrounding ecosystem. Many metaverses offer opportunities where participants can earn crypto assets for their digital advancement, which is one of the reasons why these novel worlds are so popular among beginners and professionals alike. Now that the basics are set straight, let’s move on to the top three metaverse crypto assets in 2022.
The first place has to go to Decentraland (MANA), which is arguably one of, if not the most significant metaverse of its time. Decentraland was among the first ecosystems ever to introduce the concept of a blockchain-based virtual reality, and the advantages of early movers still favor this metaverse to this day. The mechanics of the community-governed space are centered around user engagement, customizability, and diversity, meaning that every participant is involved in a truly immersive experience. Participants’ progress is awarded by MANA, Decentraland’s native crypto asset, which can be used to purchase and customize various virtual items as Non-Fungible Tokens (NFTs), such wearables, and even digital property.
Second on the list is The Sandbox (SAND), which is a close competitor of Decentraland. At their core, the two are really similar: both The Sandbox and Decentraland provide life-like experiences and beyond, while enabling users to earn for their engagement. The main difference is in appearance, as The Sandbox features unique, sort of blocky figures, items, and environment. When it comes to NFTs, The Sandbox could arguably be called the top metaverse, as it features a wide array of lucrative virtual items and digital land, which can be traded for SAND tokens on the ecosystem’s in-house marketplace. Also, it’s important to mention that The Sandbox has a community of more than 2M, which is among the highest numbers in the industry.
With Axie Infinity (AXS) we depart from the layout of Decentraland and The Sandbox, and arrive at a full-blown Play-to-Earn (P2E) metaverse. Axie Infinity allows its players to play with, customize, and breed its in-game characters called Axies, all in return for AXS, the native token of the ecosystem. Axie Infinity is arguably the most efficient one on this list in terms of earning, as the mechanics of the game are designed to greatly incentivize participants to push their limits and engage regularly with the game. This creates more fund securing opportunities than any of the other metaverses register.
Metaverses are innovative and novel virtual realities that allow users to own their belongings and monetize their progress. While Decentraland, The Sandbox, and Axie Infinity are the most popular metaverses of their era, it would not be surprising to see other competitors emerging and rising to the top. However, the longer these virtual worlds spend as the global favorites, the harder it will be to dethrone them, and even then it is highly unlikely that they will disappear altogether.
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