There are various projects, solutions, games, and more, each with its uniqueness in the market. With hundreds of metaverse cryptocurrencies available, it raises the question of which projects will gain value and which ones are suitable for long-term investment.
As Metaverseplanet.net, we have examined five metaverse altcoin projects with high potential for long-term investment.
This content is for informational purposes only and does not give investment advice. Please be aware that the investment instruments listed below are dangerous.
1.CEEK VR (CEEK)
CEEK, launched in June 2018, is a metaverse platform offering a diverse range of virtual reality experiences, spanning sports, entertainment, music, TV, and more. CEEK’s mission is to directly connect athletes, artists, and other digital content creators with their fans in expansive digital worlds. The platform has secured high-profile collaborations with artists such as Sting, Lady Gaga, Demi Lovato, U2, among others.
CEEK stands out as one of the few cryptocurrencies that has established partnerships leading to branded high-definition 4D headsets and VR headsets available in major retailers like BestBuy and Target. Additionally, CEEK VR includes an NFT marketplace, allowing for online trading and the creation of blockchain-based digital assets. These features position CEEK as a project with significant potential and make it worth keeping an eye on.
2.Wax (WAXP)
Launched in December 2017, the Worldwide Asset Exchange, known as WAX, is a private blockchain platform specifically designed for metaverse and NFT applications. Prominent virtual worlds and games such as Alien Worlds, Farmers World, Splinterlands, and more are built on the WAX blockchain. WAX is featured on this list due to its robust and active gaming community, hosting some of the most popular titles in the market.
The WAX blockchain stands out for its delegated proof-of-stake consensus mechanism, which significantly reduces transaction costs. WAX utilizes three resources—CPU, RAM, and NET—instead of traditional gas charges. Users have the option to stake WAXP in exchange for these resources.
3.The SandBox
Launched in December 2021, The Sandbox is currently the fourth most valuable metaverse cryptocurrency. The platform has attracted significant investment, including over $90 million from influential groups like Softbank in November 2021, making it one of the most well-funded projects in the field. The Sandbox also boasts one of the strongest communities in the market, with its SAND token having more than 135,000 investors.
The metaverse created by The Sandbox features a vibrant RPG-style 3D virtual world, blending the blocky design of Minecraft with the colorful theme of Fortnite. Notably, The Sandbox has a thriving virtual real estate market, and users can explore the collection of NFT plots on OpenSea. The base price for a plot in The Sandbox is 1.7 ETH, approximately $5.1k.
For those looking to invest in virtual real estate in the metaverse, The Sandbox is a compelling choice. As one of the leading metaverse projects in the market, The Sandbox is considered one of the most promising metaverse cryptocurrencies, especially as the team continues to work on product development and prepares for the official mainnet release later this year.
4.Theta Network (THETA)
Theta Network is the second most valuable metaverse cryptocurrency on the market, offering a unique approach to the industry. It serves as a prominent platform for authenticated NFT airdrops and has secured high-profile partnerships in the crypto space, including exclusive collaborations with artists like Katy Perry.
In addition to its role as an NFT platform, Theta operates a live streaming platform that enables users to earn TFUEL tokens. Moreover, Theta introduces a distinctive TNT-20 token standard, allowing brands and businesses to issue their tokens. This standard is comparable to Ethereum’s ERC-20 and Binance Smart Chain’s BEP-20 standards. With the recent release of the TNT-20 token standard, Theta has witnessed one of the fastest-growing ecosystems in the metaverse space.
5.Decentraland (MANA)
Launched in February 2020, Decentraland (MANA) stands as the second most valuable metaverse cryptocurrency. It is considered to have exceptional long-term potential within the metaverse space. As a leading platform in the metaverse, it boasts the largest player base in its virtual world among all crypto projects, making it a project with significant long-term promise.
Access to Decentraland’s metaverse universe is free, offering a 3D virtual environment with numerous experiences, including virtual clubs, casinos, play-to-win games, and more. The platform’s ecosystem is robust, featuring hundreds of engaging activities for players.
Similar to The Sandbox, Decentraland has a thriving virtual real estate market, complete with NFT plots available on platforms like OpenSea. The project also commands one of the highest virtual real estate prices, with the current floor price for a plot being 2.6 ETH, roughly $7.7k. Whether you are interested in acquiring real estate in the metaverse or investing in the future of MANA, Decentraland is a project to closely monitor and is considered one of the most promising long-term prospects in the market.
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