It looks like the buzz around metaverse projects to buy and hold is just getting hotter! So which are the 7 best metaverse projects you may ask.
The metaverse used to be the stuff of science fiction but the boundaries between real life and virtual reality are blurring. Click here to learn more about this cool space.
The metaverse refers to an ecosystem built on a virtual reality platform in which you and your friends can have the ultimate immersive experience of socializing and playing games.
A large part of such virtual worlds can also use augmented reality (AR) and virtual reality (VR) technologies to improve the gaming experience. Most Metaverse games require players to use Non-Fungible Tokens (NFTs) to be able to interact with other gamers in the ecosystem.
According to CoinMarketCap, the current market capitalization in this space stands at $31.2 billion and there are no signs of this growth slowing down anytime s
There are several ways to invest in the metaverse, one of which is to invest in blockchain-based tokens. Meta-platforms are supported by blockchain technology. This enables you to own, build, and trade digital assets using NFTs and cryptocurrencies such as Bitcoin and Ethereum.
NFTs are gaining mainstream popularity. In 2021 the top 10 NFTs combined sold for over $162 million.
Is there such a thing as the “best metaverse”?
So, which Metaverse projects should you consider putting your hard-earned into? Consider several criteria if you want to include metaverse-based currencies in your portfolio. In this article, we introduce the best metaverse projects in terms of investment volume, technical support team, and their plans so that you can better choose the suitable investment options from among them.
1. Enjin Coin Project (Ticker Symbol: ENJ)
Enjin was founded in 2009 to cater to the gaming industry through its development of a gaming community platform, the Enjin Network. It was a huge hit with gamers as it garnered over 20 million users within 10 years of launching.
The Enjin founders then offered early backers a chance to get in at the groundfloor when it turned its attention to becoming a leading blockchain ecosystem developer through an Initial Coin Offering (ICO) in 2017.
Enjin Coin is one of the best metaverse projects you can consider for investment. Enjin Coin is an Ethereum-based token that seeks to facilitate the use of NFT for individuals, brands, and businesses. NFTs minted with Enjin use the ERC-1155 standard.
What are the unique features of the Enjin Coin project?
Enjin Coin is a custom blockchain that allows users to create custom NFTs. Enjin has also proven to be one of the leading blockchains for NFTs and has moved towards the best metaverse coins with its Efinity project. The Enjin platform provides features for businesses, developers, and individuals. The complete NFT Enjin solution allows businesses to develop their brands.
NFTs minted within the Enjin environment are supported directly by the native token Enjin. Each time a new NFT is generated in the network, some ENJ is added to the NFT. The NFT owner has the right to “melt” their NFTs back into ENJ whenever it suits the owner. This reduces supply, increases scarcity, increases their value. Another upside of “melting” is that it gives the owner instant liquidity.
Why should we invest in the Enjin project?
Enjin continues to expand its meta-ecosystem with various DeFi and GameFi applications. The game development and network security at Enjin will add value in the future and be a good choice for investors.
Also, Enjin Coin’s design focusing on improving this protocol will attract many users and investors in the future. This metaverse project is one of the best metaverse coins to invest in based on price changes.
Circulating supply – 854,696,205.57 ENJ (85%)
Max Supply – 1,000,000,000 ENJ
Total Supply -1,000,000,000 ENJ
2. Axie Infinity Project (Ticker Symbol: AXS)
Axie Infinity was created in March 2018 with its developer team mainly operating out of Vietnam. Axie Infinity is an NFT-based online video game built on the Ethereum network. Its ecosystem uses Axie Infinity Shards (AXS) as its governance ERC-20 token and Small Love Potion (SLP) tokens (cute name!) that are needed to breed Axies (digital pets) which are NFTs with unique attributes. In this game, players raise Axies with different capabilities and team up for battles with Axies owned by other teams of players to compete for prize money.
This platform is one of the most exciting metaverse crypto projects using Play to Earn (P2E) as the strategy to onboard people you would not associate with crypto and the blockchain.
Axie Infinity made crypto news headlines when it saved the lives of numerous unemployed Filipinos during the COVID-19 pandemic. As a P2E model, ordinary folks have the opportunity to earn money by trading and upgrading their Axies or by playing and winning battles on the Axie Infinity platform
Axie Infinity has seen tremendous growth recently in the popular gaming market. Axie Infinity would be considered a staple in NFT games and arguably one of the industry’s most successful.
What are the unique features of the Axie Infinity project?
This game is different from traditional games, where developers make all the decisions. AXS holders can not only share their tokens and earn more money, but they can also vote on various governance proposals and shape the direction of the game world.
Why invest in an Axie Infinity project?
Ubisoft (recently acquired by Microsoft), one of the largest video game publishing companies announced that it is supporting the project. It will help the Axie Infinity game development team to carry out their plans and run on the Ronin sidechain to improve speed and help Axie Infinity scale.
In addition to entertainment, Axie Infinity can buy, sell, and exchange crypto, making it possible to earn money from this game.
This game has an entirely new style and is an outstanding innovation in computer games. Over the past two years, the Axie Infinity development team has introduced new features to enhance the game’s appeal. Therefore, considering the game’s novelty and its high attractiveness, there is much room for growth in the future. Therefore, Axie Infinity is one of the top metaverse coins for investment.
Circulating supply – 60,907,500 AXS (23%)
Max Supply – 270,000,000 AXS
Total Supply -270,000,000 AXS
3. Theta Network Project (Ticker Symbol: THETA)
Launched in 2018, Theta Network is the next generation of entertainment and video streaming platforms. Co-founders Mitch Liu and Jieyi Long come highly credentialed; Liu cut his teeth in gaming and video, and mobile social gaming. Long comes with a depth of experience in design automation and virtual reality. The hidden in plain sight unique selling proposition (USP) is the patents they hold in video streaming, virtual reality, and blockchain.
THETA is the primary utility token of this platform used to purchase NFTs on ThetaDrop (Theta Network NFT marketplace). The Theta platform is top-notch, and has attracted entertainment celebrity Katy Perry to launch her NFT content from her “Play” concerts as the artist in residence (Resorts World Las Vegas).
What are the unique features of the Theta Network project?
Theta Network is transforming the future of video content streaming services with the help of blockchain technology that is secured by a network of validator/Guardian nodes. The Theta ecosystem uses 2 native tokens, Theta (THETA) and Theta Fuel (TFUEL) for internal transactions.
The decentralized nature of the network remains secured through incentives provided to node participants who earn TFUEL to watch streamed content.
They also serve developers looking to launch decentralized applications (dApps) by providing an EVM-compatible smart contract platform
Theta developers believe that current video playback quality and loading times are lower than demanded by an ever more sophisticated millennial audience accustomed to instant gratification (sorry, millennials).
Theta’s solution is to use their viewers’ extra processing power on their computers and bandwidth to bridge the gap between audience expectations, video quality, and playback speed. The more users on Theta Network, the more bandwidth for video playback and the faster the video stream.
Theta uses your Internet and distributes it within its network so that viewers can watch it without streaming or interruption. So the higher your internet speed, the more Theta you can allocate to yourself.
Why invest in the Theta Network project?
Even more exciting is the February 2022 launch of the new TNT-20 TDROP token aimed squarely at the Theta Network NFT marketplace. Staking of TDROP will earn holders a share of the stake reward pool and rewards NFT liquidity mining. It also gives TDROP holders governance rights on proposals that affect ThetaDrop project.
There are currently 1 billion units of this token globally, of which only 870.5 million units are now being exchanged on the network. Due to the dramatic rise of this currency, many experts have predicted this project as one of the best metaverse projects with a solid future.
Circulating supply – 1.00 billion THETA (100%)
Max Supply – 1,000,000,000 THETA
Total Supply – 1,000,000,000 THETA
4. Decentraland Project (Ticker Symbol: MANA)
Launched in December 2017 via an ICO, Decentraland is a 3D virtual reality platform built on the Ethereum blockchain. Its ecosystem operates using 2 tokens – MANA an ERC-20 and LAND a ERC-721 token. MANA is burned when used to purchase the non fungible LAND tokens. MANA is also used to pay for avatars, wearables needed to play games.
Rising gas fees have hit crypto and metaverse enthusiasts hard. The good news is that Decentraland has partnered with the Polygon network to reduce costs and increase interaction on the platform via a Dapp Portal.
What are the unique features of the Decentraland project?
Decentraland is a highly interactive virtual real estate market. There are 90, 601 individual parcels of LAND. Each plot of LAND is unique, and owners can choose creative ways to increase the value of their LAND.
This project caters to content creators wanting freedom to express their creativity and at the same time be able to seek business opportunities. They do this by developing their plots of LAND and monetizing their virtual real estate by leasing their property and making their LAND holdings available for advertising as you would in the real world.
One of the reasons for Decentraland’s success is its popular attraction, Decentral Games’ ICE Poker. Decentral Games acquired LAND parcels in the Decentraland ecosystem 18 months ago to build its virtual casino. It’s a P2E model that hosts over 6, 000 unique players from the Decentraland community.
Why should we invest in the Decentraland project?
The Decentraland platform is continually evolving with new features and capabilities being added to it. One of these features is the creation of a chat application.
The ultimate goal of the Decentraland development team is to create a virtual economy in which users can rent their property to others, advertise their products and services on billboards, organize meet-ups and hold their gatherings virtually. The main purpose of this network is to facilitate access to people’s property and assets.
Circulating supply – 1.83 billion MANA
Max Supply – N/A
Total Supply – 2,193,848,327 MANA
5. The Sandbox Project (Ticker Symbol: SAND)
Sandbox is a virtual world built on Ethereum blockchain like many platforms in the metaverse. As stated in its whitepaper, their mission is to “introduce blockchain technology in mainstream gaming successfully”.
The model encourages players to develop games and create their own gaming experience and P2E on the Sandbox platform. The ecosystem uses the SAND (ERC-20 token) for governance, equity, and trade their blockchain-based assets.
What are the unique features of the Sandbox project?
The USP of The Sandbox is the ability of players to create their virtual worlds where ownership lies with the creator. Currently, creators have limited rights and ownership and creative control is ceded to a central authority. Sandbox supports true ownership and copyright via NFT issuance and players are rewarded with SAND tokens for contributing and participating in the Sandbox ecosystem.
Why invest in The Sandbox project?
Recently, this platform has been able to attract the support of SoftBank. The holding company has injected nearly $ 93 million in capital into the Sandbox network. It also holds bragging rights to a partnership with rapper Snoop Dogg who plans to create a digital model of his palatial home in the Sandbox metavers
In February 2022, luxury brand Gucci announced the purchase of virtual real estate in The Sandbox. The purpose is to grow its profile as a fashion house for residents in this metaverse.
The Sandbox is an excellent long-term project with high growth potential for significant achievements. The Sandbox platform has recently completed its land sale with several properties, indicating an increase in interest in the project. Hence Sandbox is becoming one of the best metaverse crypto coins.
Circulating supply – 1.04 billion SAND (35%)
Max Supply – 3,000,000,000 SAND
Total Supply – 3,000,000,000 SAND
6. Bloktopia Project (Ticker Symbol: BLOK)
Blocktopia is a meta-project that is built on the Polygon network that has grown exponentially. Bloktopia has a creative twist in that it is a decentralized virtual skyscraper of 21 floors (a nod to Bitcoin where only 21 million coins will ever be mined).
The intention of Bloktopia’s founders for their users is built on the four pillars of “Learn, Earn, Play and Create”.
The platform provides a new environment for the user who can buy virtual real estate represented by an NFT whose value increases as the user moves up each floor of the Bloktopia tower.
What are the unique features of the Bloktopia project?
Bloktopia employs highly advanced real time 3D Engine for graphics and visual effects which are considered one of the most eye-catching in this space.
Token holders known as Bloktopians (very cool) can participate in various immersive and interactive events and games situated on different floors. Games played can be multiplayer, family-friendly to more like those found in casinos such as poker.
However, the most attractive part for the users of this meta-transformation is the possibility of earning money through leasing advertising space. Advertisers and sponsors pay to place their advertising on booths found on every floor of the Bloktopia skyscraper. As you would expect, advertising rates increase with each floor. It is interesting to observe the real world economic practices being adopted in the metaverse.
Another unique feature of Bloktopia is that users have the opportunity to educate themselves. Each user can explain the background and principles governing cryptographic networks to other active users by participating in this virtual world.
Why should we invest in the Bloktopia project?
Bloktopia is one of the fiercest competitors as the augmented global reality, and virtual reality market slowly opens its way to the next generation of gaming technology.
Deciding to invest in Bloktopia is a risky but potentially rewarding decision. The potential for the project’s success hinges on how it can scale and compete with other VR/AR projects, which are also developing rapidly. One factor that gives us hope about this initiative is its recent investment by Enjin Coin.
Enjin recently made crypto news by announcing it will establish its headquarters in the Bloktopia metaverse. It further adds to the legitimacy of Bloktopia as a front runner in the “metaverse mega mall” concept.
If you’re interested in investing in virtual reality projects or want more information about opportunities combining augmented reality technology, keep an eye out for developments from Bloktopia!
Circulating supply – 8.34B BLOK (4%)
Max Supply – 200,000,000,000 BLOK
Total Supply – 200,000,000,000 BLOK
7. UFO Gaming Project (Ticker Symbol: UFO)
UFO Gaming is a community focused social gaming project built on the Ethereum blockchain and uses L2 Polygon as their scaling solution. The utility $UFO token is used by the community to vote on all matters related to the project. It uses Decentralized Autonomous Organization (DAO) as the framework for its governance architecture.
The UFO Gaming model is a P2E where players who mint gaming assets (currency and NFTs) have full ownership. They can also sell these assets in the NFT UFO market for a profit.
What are the unique features of the UFO Gaming project?
UFO Gaming can be considered one of the new meta-projects recently launched in July. This project promises to be the powerful and best metaverse project in this field. There is currently only one title to play on this network.
Super Galactic is a space-themed Role Playing Game (RPG)/Alternate Reality Game (ARG) where players can create their favorite characters in the form of NFT tokens bought using $UFO tokens to pursue different goals across the galaxy.
It is slightly complex for the beginner but essentially to play Super Galactic, you stake $UFO to earn Plasma Points needed to redeem Origin UFOep (NFTs). The 3rd component you need is $UAP that is earned by completing Super Galactic’s daily missions. You’ll need $UAP to breed soldiers and UFOeps.
Another cool feature is that players can move their assets from one platform to another via Uniswap or Sushiswap thus making Super Galactic a multi-chain game.
Unlike traditional P2E games, this project uses a ranking system in which the more active character/player gets better rankings, allowing them to gain more $UAP and access challenging game content. UFO Gaming will have its own NFT marketplace, where players can exchange characters, weapons, and other in-game items with UFOs.
Why invest in a UFO Gaming project?
In October 2021 UFO Gaming became the first blockchain gaming platform to enter E-Sports.
UFO Gaming wants to take blockchain games to the next level. The UFO network will not rely on a single chain. The developers of this game want to build their Dark Metaverse on at least a few chains and turn it into one of the best metaverse coins. They hope to launch new games on their blockchains and collaboration chains. Simply put, UFO Gaming is an entirely decentralized intergalactic social game token.
Circulating supply – 25,757.58B UFO (100%)
Max Supply – 25,757,575,757,575 UFO
Total Supply – 25,757,575,757,575 UFO
The next decade will be a very dynamic time with many opportunities for not just gamers and software developers to profit from the crypto market. With that in mind, we’ve compiled a list of some of the best projects to buy and hold over the long term for non-tech types like you and me.
Even though some of these are all relatively new projects, they have solid teams behind them who are committed to developing their platforms. Some have already launched demos or beta versions while others only recently announced themselves on social media, but each one promises something unique.
We hope you found this article helpful. We wish you all the best in your investing journey in 2022!
This article is intended for educational and entertainment purposes. It does not constitute financial or investment advice. It is important to be informed about the risks involved before making any decisions. Do your own research and fundamental analysis as you would for any companies listed on the S&P 500. Every investment involves some level of risk, so it’s important to understand what those risks are before investing. Some potential risks associated with investing include market volatility, inflation, and liquidity issues. By understanding these risks, you can make a more informed decision about whether or not to invest in this market.