GameFi is a brand new blockchain development space that combines online gaming with integrated financial rewards. Such games offer users more control and an improved reward structure; therefore, metaverse games have quickly become some of the most talked about technological developments on the Web3.
Here are the cryptos considered to be the best metaverse crypto platforms to invest in in 2023:
- Metacade (MCADE)
- Axie Infinity (AXS)
- The Sandbox (SAND)
- Enjin (ENJ)
- Decentraland (MANA)
- Illuvium (ILV)
Metacade constitutes the largest arcade on the blockchain and could grow to attract a significant user base over time, according to the team’s statement. Offering a range of metaverse games, the project aims to become a social hub for the GameFi community while offering expanded earning opportunities to its users.
According to the team’s claims, Metacade combines casual and competitive gaming to deliver an immersive gaming experience. Users can participate in paid participation tournaments that offer huge prizes to be paid out with MCADE tokens, as well as earn crypto rewards as they progress through unlimited levels in various “play to win” (P2E) games.
Metacade’s extra earning mechanics will reward users for creating content on the platform and engage users with part- or full-time job opportunities. Thanks to its advanced incentive system and range of valuable services, Metacade aims to become one of the most widely used metaverse gaming platforms on the blockchai
Axie Infinity (AXS)
According to the statements, Axie Infinity (AXS) ranks number two on the list of the best metaverse crypto projects to invest in. The project is a metaverse game that transports users to a virtual reality environment powered by blockchain technology. Players breed digital pets called Axie and collect non-exchangeable tokens (NFTs) to customize or expand their Axie collections.
Players can explore the universe and engage in player versus player (PvP) matches, battling their axie to earn AXS token rewards. Axies can be bought, sold, or earned in a variety of ways, including completing challenges.
Players can also trade Axies with each other for NFT using the Axie marketplace and use the AXS token as a medium of exchange. The project regularly releases content such as new attractive features and game mechanics, reaching an ever-growing audience of casual and competitive gamers.
The Sandbox (SAND)
The Sandbox ranks third on the list of the best metaverse crypto projects to invest in. The Sandbox or SAND is a metaverse game where users can create 3D voxel models and earn money from them. Players have the freedom to create whatever they want in The Sandbox, with game assets, customizable levels, and an extensive toolset that allows for fully customizable games to be built.
The platform allows players to explore worlds built by other creators, share content on The Sandbox’s marketplace, and participate in The Sandbox’s virtual economy. It is a comprehensive metaverse game that uses blockchain technology to fully ensure the security and privacy of its users’ artifacts.
The SAND token is The Sandbox’s cryptocurrency, allowing developers to monetize their works with NFTs. The marketplace facilitates NFT trading, where artists, players, and collectors can buy and sell game experiences, game assets, and unique, customizable items used in The Sandbox world.
The team claims that Enjin (ENJ) ranks fourth on the list of the best metaverse crypto projects to invest in. Enjin is a cryptocurrency and blockchain-based platform for building and operating metaverse gaming ecosystems such as “play to win” (P2E) platforms and virtual metaverse worlds. Enjin facilitates the creation of metaverse game assets, including exchangeable and immutable tokens.
Enjin aims to provide developers with an ecosystem of integrated tools, from wallets to developer kits, that provide better, faster and safer gaming experiences on the blockchain. It also offers users dynamic tokenized ecosystems with Enjin Coin (ENJ) at its core, allowing developers to create ENJ-powered non-exchangeable digital assets.
Owning metaverse game assets that ENJ supports can enable instant NFT transactions for top metaverse crypto projects. ENJ liquidity is locked in itself, which helps improve the user experience for players by reducing the latency and costs associated with transacting on the blockchain.
It is claimed that Decentraland could be in fifth place in the list of the best metaverse crypto projects to invest in. Decentraland (MANA) is a virtual reality metaverse game powered by the Ethereum blockchain. It allows users to buy and sell digital real estate and create a variety of virtual experiences on the purchased land.
Users can create, experience and monetize content and applications in the Decentraland environment. Decentraland’s native cryptocurrency, MANA, is used as in-game currency to facilitate trading of digital real estate, virtual avatars and unique, customizable items.
Some of the content members of the Decentraland community have created art galleries, virtual malls, online games and Las Vegas style casinos. Users can explore different parts of the Decentraland metaverse and sometimes earn MANA tokens by participating in different experiences.
Illuvium is ranked number six on the list of the best metaverse crypto projects to invest in. Project is an innovative metaverse game that allows players to explore a vast open world metaverse and earn rewards while playing.
Illuvium has a complex story and engaging gameplay. It is described as the first AAA quality game built using blockchain technology. Players explore the virtual realm, collect unique items as NFT and battle against other players to earn ILV rewards.
In Illuvium, players collect Illuviums of different tiers that are rarely attainable. These items can be used in battle and have an inherent financial value, meaning they can be traded in the game’s integrated marketplace.
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