Here Are The Most Promising Metaverse Crypto Projects in 2023.
The metaverse concept is not new to science fiction fans. However, it gained wider popularity in 2021 and 2022. It is a digital avatar-based virtual space where users can interact, play games, and experience things or activities as they would in the real world.
Metaverse is a collision between the digital and physical worlds when virtual reality and augmented reality bridge the gap and allow the physical and virtual worlds to interact closely.
Experts have various reasons to believe that metaverse is the next big thing in the crypto world. To help you identify the top metaverse cryptos, in this article we discuss the best metaverse crypto projects for 2023, their pros and cons, features and the potential returns for the months and years ahead.
The 7 Best Metaverse Crypto projects for 2023
Below we presented seven of the most leading metaverse crypto projects with the potentials of great returns in 2023. We'll go through each of those projects in more detail in the coming section.
- Silks – An Emerging Metaverse Crypto Project for 2023
- Decentraland - Overall Best Metaverse Crypto Project in 2023
- Enjin – User-Friendly Metaverse Platform Enabling NFT Creation
- The Sandbox - The Hottest Crypto Project in Metaverse
- Bloktopia – Booming Metaverse Project with VR Capabilities
- Axie Infinity - The Most Popular Metaverse Project in 2023
- DeFi Kingdoms - A Unique Metaverse Crypto Project
What Are The Top Meteverse Projects?
Let's explode some of the most leading metaverse crypto projects that have the potential to increase in values this year.
1. Silks – An emerging Metaverse Crypto Project for 2023
Silks is a popular metaverse gaming platform based on the play-to-earn (P2E) format. The game provides a link between the metaverse and the real world. It is based on horse racing, where gamers will own digital horses directly linked to a real-world racehorse.
When a real-world horse wins a race, the digital horse owner wins Silks’ native digital currency SLK. Besides, players can also win by staking the cryptocurrency and breeding horses. The horses will be structured as NFT, allowing the existence of a secondary marketplace through it.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Decentraland - Best Metaverse Crypto Project in 2023
In addition to being the biggest metaverse cryptocurrency, Decentraland is also the first fully decentralized virtual world. Its decentralized autonomous organization (DAO) owns the key smart contracts that drive the Decentraland metaverse. Notably, this includes the LAND contract, which allows users on the platform to buy and sell virtual land.
Users on Decentraland can easily monetize their LAND by allowing advertising, interactive games, etc. Decentraland’s native token, MANA, can be used throughout the metaverse, especially to buy LAND. In addition, players can use the token to purchase wearables, avatars, names, and various other items in the Decentraland marketplace.
Check Out: Decentraland (MANA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Enjin – User-Friendly Metaverse Platform Enabling NFT Creation
Enjin is a unique metaverse project. Unlike the others on this list, it does not comprise a virtual world filled with gameplay features. Instead, Enjin offers a platform where creators can make NFTs easily, which they can then use in blockchain-based metaverse games. The Enjin software development kit (SDK) ensures that Ethereum-based NFTs can be minted by creators of all experience levels, leading to over 1.1 billion digital assets created using Enjin’s system.
One of the most appealing factors of using Enjin to create NFTs is that it ensures a reliable degree of liquidity. This means that creators who produce NFTs with Enjin, such as digital art, in-game items, or virtual real estate, can always ‘melt’ their NFT in return for ENJ – Enjin’s native token.
Don't Miss: Enjin (ENJ) Coin Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
4. The Sandbox - The Hottest Crypto Project in Metaverse
Like Decentralnd, the Sandbox is also a virtual world that uses a DAO model. The Sandbox metaverse project is built on the Ethereum blockchain and is said to support smart contracts by simply purchasing virtual land and other assets.
However, there are still some differences between these two metaverses. The most obvious one is that The Sandbox uses the SAND virtual token as its native currency. It is also migrating to Polygon’s layer 2 solutions, which are known to have much lower transaction fees and faster processing speeds.
While no knowledge of coding is required to participate in The Sandbox, its powerful suite of tools makes it possible to create and incorporate valuable assets into a fast-growing world of online games and worlds.
Read Also: Sandbox (SAND) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
5. Bloktopia – Booming Metaverse Project with VR Capabilities
Bloktopia is an innovative metaverse project built on the Polygon network, which is set to launch this year. The Bloktopia metaverse revolves around a skyscraper made up of 21 levels, as a homage to the total supply of 21 million Bitcoins. Bloktopia’s players, called ‘Bloktopians,’ will be able to purchase real estate within this virtual skyscraper and generate income via value appreciation, leasing, or even digital advertising.
One of Bloktopia’s key differentiators is that the metaverse will be VR-based – meaning it is likely that users will require a VR headset. This provides a lifelike experience that computer-based games cannot match and will create exciting pathways for content creation.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
6. Axie Infinity - The Most Popular Metaverse Project in 2023
Axie Infinity (AXS) is a trading and battling game based on the blockchain. There are tangible similarities to the giant gaming behemoths of Tamagotchi and Pokemon. Axie Infinity combines NFTs with a play-to-earn model, making it the perfect candidate for a major metaverse project. The monsters in the game are called Axie, and each Axie is a unique NFT.
Users buy Axies with AXS, the native token of the Axie Infinity world. The Axies can be raised, trained, bred, and put to battle against other users’ Axies in order to earn experience and evolve. Characters in the game can also be bred to maximize their value, and some have sold for more than $600,000.
Don't Miss: Axie Infinity (AXS) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
7. DeFi Kingdoms - A Unique Metaverse Crypto Project
DeFi Kingdoms is a play-to-earn, medieval-style RPG featuring nostalgic pixel art. It is charming, easy to navigate, and simple to start playing. All transactions use the native coin Jewel, including buying heroes, summoning heroes, exchanging for xJewel, and staking.
DeFi Kingdoms looks like a traditional pixel RPG. Players explore the Tavern, Bank, or Garden, interact with the town crier and other wacky NPCs, all while investing and earning.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
7 Best Metaverse Crypto Projects – Conclusion
This article has identified the best metaverse crypto projects in 2023 and beyond, highlighting their pros and cons, and why they have the potential to yield good returns.
Crypto is a highly volatile marketplace and is uncertain. Despite the excitement around Metaverse, it is essential to remember that the sector is very nascent. Thus, you need to understand that all Metaverse cryptocurrencies have the potential for growth and downfalls. Go ahead and invest in the above-mentioned best Metaverse projects if you are willing to bear the market risks and have a long-term investment vision.
eToro – The Best Platform To Buy Metaverse Coins
Open an account with eToro, deposit some funds with USD, and finally – buy metaverse coins for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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