What is Metaverse? Here are the top projects to follow in 2022

We’re talking about the metaverse, we’re talking about a digital environment that surrounds everything. Users can communicate with each other through their avatars, go about their daily lives, and share important insights. Metaverse projects have over $ 14B market share at the time of writing this article. The collapse of the crypto market has also wiped out metaverse platforms, leading the platforms down to market share in the past six months.

Here is a list of thresholds to the metaverse:

Decentraland

Decentraland is a well -established metaverse platform with a large number of users buying virtual land for millions. The idea with Decentraland is to be a virtual place where you can buy favorite tokens, attend events, play games, meet new people, start new businesses, and gamble.

Built on the Ethereum blockchain, Decentraland is user -friendly, giving users room to organize their settings, avatars, markets, digital systems, and applications.

It’s called MANA and can be purchased with the ease of converting to popular cryptocurrencies. Due to the increasing integration of e-commerce technologies in recent years, the platform has emerged as an important place for advertising and marketing.

Axie Infinity

Axie Infinity is a blockchain -based game, to play for profit. It is known for its animal features and for giving users the opportunity to earn money.

In fact, many people have turned their Axie game into a full -time career. Axie AXS and SLP real money, built on the Ethereum blockchain, is at the center of this metaverse project. Each gives a unique role in the interior of the camel.

AXS, called Axie Infinity Shards, is used as a control symbol in the Axie blockchain. AXS owners have the option to vote on future game development plans with new features and use the rest of the database. AXS has always been ranked among the top metaverse cryptocurrencies.

Smooth Love Potion tokens that are often seen as SLP tokens can be found in the form of combat or competition. It can be used to stimulate Axies to be shared as well. This is a trend that will continue until 2022 and these things have become a huge asset.

Because players can only pay their money into the game in the real world this is a kind of business that can’t be done right away. Axie Infinity is one of the most important metaverse projects to watch out for in 2022. But like other projects, Axie’s market has significantly reduced the bear market in 2022 so far.

The Sand Box

The Sandbox is a decentralized area where an NFT (non-fungible token) asset can be bought, sold, and claimed as a piece of land. The NFT market and game technology generated by the user of this site.

Land and property can be purchased by players in order to increase their online gaming experience. Sand can be bought and sold on cryptocurrency exchanges. This ERC-20 utility model is used throughout the entire Sandbox ecosystem, supporting operations and relationships.

Today, it has users in over 70 million countries and environments, leading to a strong market of non-fungible chemicals (NFTs). In addition to hosting amazing architectural experiences, Sandbox allows its community to build games, properties, and applications on their own land. Each LAND is an independent token that is hosted on the public Ethereum blockchain (ERC-721). Somnium Place (Cube)

Somnium Space is an NFT and players that can provide users with 3D avatar views. With Webex or technology developed by Somnium, one can view the metaverse on the web. Changing the products in order to increase their value Somnium Space chose the polygon to ensure that their product was available on Earth.

Hoku Atlas

Star Atlas is a true game for the next generation of gamers. Star Atlas is built on the Solana blockchain. It can be used to buy digital assets such as ships, passengers, land, and equipment among others.

Star Atlas has two models: ATLAS and POLIS. ATLAS is an in -game currency, which allows users to enter battles and explore different worlds.

This is important because the properties in the game are NFT, with only a few exceptions. POLICE, on the other hand, allows players to access something that developers say is the game’s “political criticism”. Players are responsible for making decisions about the game – and can even choose the actors.

Another one

The Bored Ape Yacht Club is one of the most successful NFT collections we’ve seen. It was released in April of 2021 and has 10,000 NFTs generated algorithmically. The Bored Ape Club offers some of the biggest NFTs. In May, Yuga Labs, founder of Bored Ape Yacht Club, opened a metaverse called Otherside.

Yuga Labs raised $ 450M to build its metaverse. Yuga plans to use ApeCoin to make his big money on the Otherside. The Otherside is also created in conjunction with animoca symbols. located behind, Sand Box. This shows the correlation between the two metaverses. Owners of the Ape Board, Mutant Ape, Kennel Club, and CryptoPunk NFT can use their NFT as a player in the game at the start. Meebits will be coming in the future but it looks like they won’t get them to the start soon.

Another highlight of the Otherside was the parcels of land sold. Buying virtual land is an important factor among metaverse games and the Otherside is no different. There are 200,000 territories in this metaverse, each with its own unique location on the map. On April 30, they sold the first Otherdeeds for Otherside. These other works are the only names given to the nfts showing the parcels of land and the Otherside in this announcement is 55,000 Otherdeeds to be made.

Disclaimer:

This article is intended as a general guide and tips for beginners to get into cryptocurrencies and DeFi. The contents of this article shall not be construed as legal, professional, tax or tax purposes. You should consult with your legal, business, tax, and tax issues and advice. Defiant is not responsible for any lost funds. Please use your best judgment and practice effective management before dealing with smart deals.

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