Top 5 Metaverse Crypto Projects You Should Watch Out For In 2023 - Our Picks
If you are looking for cryptos with growth potential, these are the top 5 metaverse crypto projects you should watch out for in 2023. Continue reading to find a detailed review of each coin.
Sandbox - The best metaverse platform with strong backing
Axie Infinity - The most popular play-to-earn crypto with upside potential
Decentraland - One of the most popular Ethereum-based decentralized metaverse projects
Gala - The top GameFi token to watch closely in 2023
Illuvium - The top metaverse project with plenty of room for growth
A Closer Look At The Top 5 Metaverse Crypto Projects You Should Watch Out For In 2023
Metaverse coins and gaming tokens have started 2023 on a high note. Metaverse is precisely the next-generation immersive internet. It is a virtual universe where users can work, meet, play games, and socialize.
Metaverse crypto projects are positioned to play a crucial role in the next bull run in 2023. Hundreds of projects have entered the market in the last two years. Amongst them, these are the top 5 metaverse crypto projects you should watch out for in 2023.
Sandbox (SAND)
With metaverse, the significance of NFT games like Sandbox is rising to newfound levels. It has gained attention from several prominent figures in the crypto community and even large businesses. Sandbox is mainly a user-created experience where the only limit is the players' imagination and creativity. Numerous NFTs, like wearables and plots of virtual land, are available within the Sandbox ecosystem. Users can sell their creations on the in-game marketplace and earn funds that are exchangeable for fiat, making it one of the best cryptos to earn passive income.
SAND is one of the top 5 metaverse crypto projects you should watch out for in 2023 as the project has opened toward NFt auctions, where several pieces are being sold. To ensure the safety of crypto wallets and NFTs in its marketplace, Sandbox has also signed on BrandShield (BRSD), an online threat detection company, and educates users on fraud prevention methods.
SAND prices have maintained a notable price trend since its inception and have withstood the bearish market of 2022. The token has thus displayed its potential for future growth and could ignite a strengthened upswing in the coming days.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Axie Infinity (AXS)
Axie Infinity is the next metaverse project you should closely watch in 2023. It aims to bring the masses to the crypto space in a fun and entertaining way. AXS, the play-to-earn token, is built on the Ethereum network and is used for governance on the platform.
AXS has already come up with several alluring blockchain games, and there are multiple updates like staking updates on Axie infinity shards, Integration with the iOS/App store, and many more in the pipeline. Its exceptional performance over the past few years and returns potential has turned several heads in the industry to this crypto.
The Axie Infinity ecosystem symbolizes a gaming and entertainment era, creates employment opportunities for the masses, builds a strong community, and is paving a roadmap to a highly sustainable metaverse platform.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decentraland (MANA)
A popular metaverse project that is gaining continuous traction in its effort to bridge the old and new world with its alluring gameplay is Decentraland. The platform allows users to own their virtual creations, trade items, earn income, and even promote businesses in the metaverse. User-Generated Content (UGC) is increasingly becoming significant and popular these days, and Decentraland represents a major step towards it.
This virtual reality ecosystem is built on the Ethereum network, allowing users to create, engage with, and monetize digital content through a wide variety of interactive experiences using the MANA token. The token can also be used to pay fees, construct structures, and communicate with players. Although the 2022 crypto meltdown has reduced the price significantly lower from its 2021 all-time high of $5.90, the crypto is exhibiting signs of a possible rebound.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Gala (GALA)
Gala aims to create blockchain games that people yearn to play. Gala ecosystem already has over 14 games in development. The proposed goal was to make online gaming more decentralized, targeting an array of gamers who want to disrupt the traditional gaming system. GALA, the native token of the network, has started seeing renewed interest as Gala Games is planning to establish multiple game studios and create a strong stream of NFTs.
As a popular GameFi token, the Gala token is one of the top metaverse crypto projects you should watch out for in 2023, as it would benefit greatly from rising interest in gaming and metaverse projects.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Illuvium (ILV)
Illuvium is the world's first Interoperable Blockchain Game (IBG) that is showing promising growth to investors. The P2E gaming experience allows users to explore the sci-fi world of Illuvium. What sets Illuvium apart from its competitors is its interest in developing an AAA game with high budget and definition.
ILV token, the native token of the Illuvium network, fuels the entire ecosystem. ILV is a governance token used to reward players and motivate them to continue playing. The crypto has innovative features like The Immutable X, a second-layer protocol that makes it perform efficiently. This unique feature helps in eliminating the scalability issue with Ethereum-based projects.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
The Metaverse explosion is only going to continue in the coming years. So if you are looking for the best coins, these are the top 5 metaverse projects you should watch out for in 2023. These projects integrate the captivating worlds of virtual reality (VR) and the interactive gameplay of video games with advanced blockchain technology.
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