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7 Exciting Metaverse Projects to Consider in 2023
We are living in social transformation times, which can be both exciting and difficult to keep up with. All this talk about Web 3.0, cryptocurrencies, and the metaverse leaves most of us scratching our heads, unsure of what it all means.
The good news is that, while the technology is new, there are already a plethora of great projects taking off and creating new opportunities that could profoundly change your life. The metaverse and crypto, in particular, are collaborating to build the world of digital frontiers in areas such as gaming, work, entertainment, education, shopping, and much more.
With so many things going on, it may be worthwhile to learn more about what’s going on.
Take a look at Metaverse | Best Metaverse Projects to Consider in 2023.
While we have previously discussed it, here is a quick recap: The metaverse is an all-digital world in which users, in the form of avatars, can interact with one another, go about their daily lives, and have the same kinds of experiences they would have in the real world. It’s simpler to think of the metaverse as a hybrid of the physical and digital worlds, combining the best of both. We can also think of it as the next step in online social interactions, where our social interactions will become more multidimensional, allowing us to take part and communicate with others in more meaningful ways.
Metaverse projects are being pursued by tech titans such as Meta, Google, Microsoft, and Tencent, each to become a significant event in this new digital realm. Heavy hitters have drawn out their wallets for the race, and the payment could be massive.
According to recent estimates, the worldwide metaverse market will grow by up to 40% over the next eight years, reaching nearly $670 billion by 2030. According to the report, “major factors expected to drive revenue growth include a growing emphasis on integrating digital and physical worlds through the Internet, as well as the steady incline and popularity of Mixed Reality (MR), Augmented Reality (AR), and Virtual Reality (VR).”
The metaverse as well as the NFT boom are super hot right now, and we will all see a lot of changes occurring over the next three to five years. The metaverse can thrive most effectively in the virtual reality and augmented reality segments. This is where Facebook’s complete brand name change comes into effect, as Mark Zuckerberg has been continuing to work on VR technology for several years, developing his VR products called the Oculus and Oculus Quest.
The metaverse isn’t a brand-new phenomenon. We’ve simply been beginning to experience the metaverse differently all along. If you play video games, you will understand this much better. The term “metaverse” has finally come to life, and the way humans experience worlds is now referred to as the “metaverse.”
Consider this: the game Grand Theft Auto, or GTA, is an entire metaverse in and of itself. It has its distinct world in which players can engage in a variety of activities. Consider Minecraft, which is also a metaverse. The only difference is that these games do not currently use the concept or technology of blockchain or NFTs.
Sensorium Galaxy is an excellent example of a metaverse, with a blockchain-powered virtual economy that can fairly and straightforwardly reward users for their contributions to the world’s creation. Because blockchain-based currencies enable all assets within a metaverse to be easily and securely created, exchanged, shared, and tracked, items may be seamlessly moved by their users across separate worlds or meta locations. Sure, these may appear to be unreal worlds, but believe us when we say they can have some pretty real benefits.
If you’re worried about missing out on the metaverse, it might not be too late. If you’re looking to invest in 2023, here are ten metaverse projects to keep an eye on.
|Founders||Arthur Madrid, Sebastien Borget|
|Funding||95 Million USD|
The Sandbox is among the most exciting Multiverse projects that could appeal to a wide range of creative gamers. Sure, it’s a game that isn’t just for gamers; anyone can participate in the Sandbox Metaverse.
The Sandbox metaverse is a 3D world that looks like an amazingly polished version of Minecraft and is based on the incredibly popular mobile games that share the same name. Users can freely explore the world, buy land, develop it, trade it, and create digital assets using the tools available.
The Sandbox started as a 2D phone pixel game, which is still available on Google Play. Following the hype surrounding NFTs and the Metaverse, developers Sebastien Borget and Arthur Madrid realized they wanted to explore the concepts of asset ownership, NFTs, and rewarding players for playing the game.
The Sandbox Metaverse was thus created, and gamers can use the Gamemaker to create their own NFTs, buy land, or even create their own game within the Sandbox Metaverse.
Sebastien Borget, the project’s co-founder, is adamant that Sandbox is a truly decentralized metaverse. Borget and others are concerned that the metaverse and Web 3.0 as a whole will be taken over by Big Tech in the same way that Web 2.0 was. Borget insists that decentralised projects like Sandbox will prioritise the user over shareholders.
Sensorium Galaxy is a digital metaverse created in collaboration with some of the world’s most prominent artists, producers, and media companies. Our metaverse is made up of several worlds, each of which serves as a hub for a specific set of experiences, and you can get a taste of it all right now with the Sensorium mobile app.
PRISM is Sensorium Galaxy’s premier world, serving as the gateway to music and entertainment. Metaverse users will be able to watch exclusive VR performances by chart-topping artists such as David Guetta, Steve Aoki, Armin van Buuren, and many more. In a virtual reality galaxy, cutting-edge AI and VR technology are combined with top-tier entertainment content.
Sensorium has the potential to provide an unparalleled multisensory experience that extends to its other worlds, such as MOTION, which will host mindfulness and self-exploration, promoting higher levels of knowledge.
Sensorium Galaxy’s in-platform currency, SENSO, is a critical feature that uses blockchain technology to power a fair, transparent, and user-owned decentralised economy. This token can be used in a variety of transactions, including the creation of new avatars, the purchase of event tickets, and the creation of original content.
We announced last year that our metaverse would be migrating to the Wakatta blockchain in order to ensure faster transactions (30 times faster than Ethereum), lower transaction fees to under $0.001, and support a greater number of operations within Sensorium Galaxy’s marketplace. Furthermore, Wakatta will connect Sensorium Galaxy’s currency, SENSO, to the Polkadot ecosystem, resulting in improved competitive conditions for SENSO token holders (you can find all the details here).
Best Metaverse Crypto Projects | DECENTRALAND
|Founders||Ari Meilich, Esteban Ordano|
|Funding||25.5 Million USD|
Decentraland is already a well-established metaverse project, with plenty of projection thanks to people willingly purchasing plots of virtual land there for millions of dollars. Yes, millions, as in millions of (real-world) dollars. The fact that Decentraland can be viewed as an electronic blank canvas for pretty much anything conceivable (and unimaginable) is arguably its most appealing feature. It’s like the real world, but better. You can shop your favourite brands, go to events, play games, meet people, start new businesses, and even gamble in this metaverse. This metaverse has a real-world feel to it, which is why it remains one of the best projects of its kind.
Decentraland is a blockchain-based app that allows people to explore, start creating, and trade using NFT technology. Thanks to the implementation of smart contracts, you can play a game, run a casino with digital currencies, host events, showcase your NFT art, and start exploring other people’s creations in the Decentraland metaverse.
The Decentraland Basis, a non-profit organisation tasked with assisting the metaverse’s growth, will oversee the virtual world’s public launch in February 2020.
With Sotheby’s of London hosting their virtual headquarters on Decentraland and real estate company Republic Realm paying nearly a million dollars for some land, it’s clear that Decision Level is one of the most exciting metaverse projects to be a part of.
|Founder||Aaron Warwick, Grant Warwick, Kieran Warwick|
|Funding||4 Million USD|
Illuvium is an open-world role-playing game built on the Ethereum blockchain. Players will be able to earn ETH in the metaverse by travelling across vast and diverse landscapes, completing side missions, and capturing god-like monsters known as Illuvials. Players can untangle the mystery of the world’s cataclysmic state as they play, thanks to the project’s rich lore.
Illuvium will be available for free in the first quarter of 2022. Aside from the gameplay, Illuvium includes 100,000 land plots for players to inhabit in the world, which can be purchased and owned as NFTs.
Illuvium creates a game with extremely realistic 3D space, attracting many gamers as well as crypto and DeFi enthusiasts. This is one of the most significant advantages that distinguishes this platform.
Furthermore, owning beautiful limited-edition NFTs created by world-class artists is a goal for many players. As a result, Illuvium has attracted and maintained community interest, ensuring the stability of the system’s NFTs and utility tokens.
Illuvial organisms are those that can be found in the game. They evolve into new and stronger forms in stages. Each illuvial deposit will bring an element from its surroundings to increase its power.
The power of the illuvial varies according to their scarcity. If the player loses illuvial during hunts and battles, he can reclaim them on the blockchain platform. Simultaneously, if players do not have much time to play a game but still require a strong deck, they can purchase Illuvial just on NFT exchanges.
Gala is a blockchain gaming platform that combines the advantages of non-fungible tokens with the thrill of gaming to create a platform where users can freely trade in-game products. Gala also includes a number of blockchain-based social games aimed at fostering relationships and connecting people.
Gala is a crypto gaming platform that combines the best aspects of non-fungible tokens and gaming fun to create an environment where gamers can freely exchange in-game items. Gala offers a variety of blockchain-based games that are described as “social games” that focus on establishing relationships and connecting players. Mirandus, Spider Tank, Town Star, Fortified, and Echoes of Empire are currently available.
The level of power and ownership granted to gamers is one of the blockchain project’s strong points. This is largely accomplished through the use of GALA, the game’s native digital coin, which is used throughout the console for items like network governance, rewards, and node operator incentives.
Some of the games that are currently available include Spider Tank, Town Star, Mirandus, Fortified, and Echoes of Empire. One of the blockchain project’s strong points is the level of control and ownership granted to players. Gala, the game’s native digital token, is primarily used for network governance, prizes, and node operator incentives, among other things.
|Funding||4.2 Million USD|
|Founders||Paddy Carroll, Ross Tavakoli|
Bloktopia, a decentralised metaverse based on Polygon, aims to provide engaging VR experiences for the crypto community. Through the power of virtual reality, players can socialize, play games, have fun, and compete in a variety of ways, providing a truly unique first-person perspective.
Bloktopia is a 21-story skyscraper named after the hard limit of 21 million bitcoins. Bloktopians will be the people who own tokens. Bloktopia will serve as a central hub for metaverse experiences and immersive content, with each level having a distinct look and feel.
Bloktopia’s skyscraper-themed metaverse project aims to be a one-of-a-kind platform where users can learn, connect with new people, do business, and experiment with a variety of activities across a 21-story building. Because the construction will be incomplete at first, this metaverse will rely heavily on the participation and creativity of each user.
While there hasn’t been much revealed about this upcoming project, which is expected to launch in the coming months, there have already been some intriguing sneak peeks, such as a World Wrestling Entertainment (WWE) space. Bloktopia also aims to develop new mechanisms for generating content and income for those who choose to live in the metaverse. When it first launches, users will have access to levels 1–6.
The ability to produce revenue through multiple revenue sources is central to Bloktopia. This could include making the best use of NFT-owned property as well as passive income, staking, and advertising.
The project will also include a “builder” that will allow users to create art, programmable challenges, and interactive scenes.
The project’s white paper only provides a short-term road map, but advancement is proceeding apace.
Axie Infinity (AXS)
|Funding||9 Million USD|
Unless you’ve been living under a rock, you’ve undoubtedly heard of Axie Infinity. This blockchain-based game has captivated the world with its adorable animal-like characters and the opportunities it provides to its players, who have found themselves earning large sums of money while doing something they enjoy. In fact, many people have turned Axie into a full-time job.
Axie’s native cryptocurrencies, AXS and SLP, are at the heart of this Ethereum blockchain metaverse project. Inside the cave, each serves a different purpose. AXS (Axie Infinity Shards) is a governance token. AXS holders can vote on the game’s future development plans, such as updates and treasury balance use. AXS has been consistently ranked as one of the top metaverse cryptocurrencies.
SLP tokens, also known as Smooth Love Potion, can be obtained as rewards in battle or adventure mode. Moreover, SLP tokens can be used to breed Axies. As the game’s popularity skyrocketed, these creatures became increasingly valuable—a trend we hope to see continue in 2023. And, because players can easily cash out their in-game currency in the real world, that’s a model that’s unlikely to change anytime soon. Axie Infinity is and will remain one of the top metaverses to watch this year.
Inspired by the Pokemon Universe
Axie Infinity is a game inspired by the Pikachu universe that shares many similarities with Pokemon. In the game, you can breed monsters known as Axies, which are then used to battle other players.
In exchange, players earn SLP (Smooth Love Potions) tokens, which can be traded or sold for real-world money.
Axie Infinity was designed with the play-to-earn concept in mind, which means that the more you play the game, the more rewards you will receive in the form of real-world money. Of course, you’ll need to exchange the tokens or ETH for fiat currency.
It’s one of the most popular blockchain games out there, with players in the Philippines earning a full-time living from it.
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