No doubt in 2022, ‘metaverse’ is one of the most searched words on most search engines. Just like cryptocurrencies and NFTs, metaverse is gradually becoming the next big thing. Although metaverse seems to be in its infancy, it has attracted the attention of many crypto and IT investors. There are predictions of unexplored possibilities in the metaverse come 2023. No one would have an excuse not to get a share of the pie since most metaverse projects are still in their infancy and their coin values are generally low, frequently well below $1. Here’s a list of projects to look out for.
APE is an ERC-20 token which can be found on the Ethereum blockchain. It is a governance and utility token which gives owners access to games and other goods and services that are only available to owners of Apecoins. Having the token confers the right to participate in the management of the Ape ecosystem.
Apecoin was launched on March 17 and at the time, it was anticipated that 30% of the total 1 billion coin supply would be in circulation. Today, ApeCoin’s price is $3.63, with a market capitalization of $1.3B and a 24-hour trading volume down by 6.97%. The circulating supply is around 361,250,000 APE.
The Sandbox, with its token as SAND, is a crypto metaverse project that has performed admirably. SAND steadily increased throughout 2021 before crossing the $1 threshold in the fourth quarter. The Sandbox is majorly involved in NFT production and trading. The project is based on Ethereum.
According to Fortune, it just released Alpha Season 3, which is anticipated to draw 500,000 users. Currently, SAND sells at $0.4067, with a market capitalization of $609 million and a 24-hour trading volume down by 4.70%. The circulating supply is about 1,499,470,108 SAND.
Decentraland is a well-known cryptocurrency metaverse project that frequently makes headlines. This was, in part, due to the NFT craze, which also gave MANA, the platform’s native token, enormous gains. NFT owners leveraged the platform to display their NFTs.
However, NFTs are not the only things offered on this platform. The ability to build virtual games, virtual real estate, and other digital goods is its key feature. MANA is currently selling at $0.3011, with a market capitalization of $558 million, a 24-hour trading volume down by 11.89%. and a circulating supply of about 1,855,084,192 MANA.
Metahero is a metaverse project that creates avatars of real-world objects and people in high definition using 3D scanning.
The business has even set up a scanning chamber in Doha that scans items and produces a digital, 3D version of them for the Metahero universe. Metahero has done a series of collaborative projects with other techies which have brought them to limelight.
Star Atlas is a metaverse project that is based on a visually stunning video game. The game is set in the far future, specifically the year 2620, where players can conquer territory and gather resources in a very futuristic environment.
The ecosystem uses a token called ATLAS. The token is acquired through gameplay. Consider it to be a typical reward-based game where you accumulate coins through gameplay and achievement. Unlike most projects built on Ethereum, Star Atlas has very low transaction fees because it is based on Solana.
If you are looking to get your foot in the door of the metaverse in 2023, these are projects you should consider. However, as you may know, this list is by no means exhaustive.