Metaverse is a virtual reality universe. It is a 3D virtual reality universe consisting of augmented reality, virtual headsets where users can interact and feel present “no matter how far apart…” It is not a new term. But now with association with crypto and VR, metaverse becoming an all-new world.
Today, Metaverse is a hot topic, thanks to Facebook. But Facebook isn't the only company getting into the metaverse. Several crypto-related projects are built on the Metaverse technology that offer governance and economic values to its users. Here are 4 best projects you should know -
Axie Infinity is what happens when Pokémon gameplay meets Ethereum blockchain. It's an NFT online game where you battle, trade your governance token called AXS in a play-to-earn model. Players can earn rewards and exchange their earned assets outside the platform in real-time. There are currently about 1 million players using the platform each day.
Built on the Ethereum blockchain, Decentraland allows users access to virtual real estate to buy and sell real estate in a virtual world. Users can access real estate in the virtual world of Decentraland using $LAND, $ESTATE, and $MANA as their native currency. Its users govern it through DAO (Decentralized Autonomous Organisation).
While gaming on Decentraland, there are arrays of activities you can carry out. These include but are not limited to the following: · Showcase your arts in the NFT gallery · Invest in virtual real estate · Buy and wear NFT wearables
Built on the Ethereum blockchain, Enjin allows users to chat, game, and create virtual collectibles. Through the integration with its SDKs, users can create digital assets, games, and apps and integrate them all through the Ethereum network.
These games and apps are tokenised. What this means is that when users unlock an item, not only can the items be used in-game but can also be traded, thus allowing the users to earn $ENJ.
Backed by Softbank, Sandbox is a metaverse project built on the Ethereum blockchain and powered by $SAND cryptocurrency. The Sandbox ecosystem allows users to buy and sell as well as stake NFTs including LAND and earn rewards. Like other coins running on the Ethereum network, the huge gas fee remains one major disadvantage. However, $SAND helps in all transactions that are parts and parcels of its gameplay.