2022 has been a tough year for crypto, with the early-year crash wiping out trillions. That’s the bad news. The good news is that, just like the stock market, the crypto market occasionally needs a reset, and now that this is happening, here are some of the best metaverse crypto coins that are looking set to explode.
This list goes over the best metaverse projects that have a chance to see steady gains both in the near- and long-term future.
The Future of the Metaverse
While the metaverse has seen some ups and downs, its future remains bright, especially when it comes to the world of gaming. Set to surpass $250 billion by 2025, the gaming industry is booming and the metaverse is the next space expected to be dominated by online gaming. A combination of the words “game” and “finance”, GameFi is the term used to describe most blockchain games that offer a chance to play to earn (P2E).
As the metaverse expands, GameFi will expand with it, giving gamers the opportunity to turn their skills into currency. Considered by some to have the same scope as Apple or Amazon, GameFi offers a tremendous variety of games and ways to earn, attracting both hardcore and casual gamers, as well as investors.
This draw means that everyone can find something they like in the GameFi universe and the variety will just increase as the metaverse grows every day. With their popularity rising, GameFi offers the best metaverse cryptos set to blast off right now.
The Best Metaverse Projects for 2022 and Beyond
1.Metacade (MCADE) - Community Run GameFi Hub
2.Quint (QUINT) - Boutique NFT Marketplace
3.Decentraland (MANA) - Virtual World Builder
4.MetaHero (HERO) - Real-World Asset Scanner
5.NFT Worlds (WRLD) - Minecraft-Inspired Open World
6.Illuvium (ILV) - Open World Creature Collection Game
7.Silks - Horse Racing P2E Project
1. Metacade (MCADE) - Community Run GameFi Hub
Metacade is a community-centred metaverse arcade that offers its users simple ways to earn its MCADE token. From actively playing games to passively earning income, the platform is set to offer something for all types of users and its timing on the scene is excellent.
For the gamers out there, it not only offers play to earn titles but also incentivises contribution to the platform, rewarding users for writing reviews, sharing top gaming alpha or entering (and winning) competitive tournaments. It also allows them a unique opportunity to choose which games come to Metacade, through an exciting new system called Metagrants (funding made available to game developers). Gamers can vote on which new games are developed on the platform.
2. Quint (QUINT) - Boutique NFT Marketplace
Quint is one of the most unique best metaverse projects in that it seeks to merge the real world and the metaverse in new and exciting ways. In a similar fashion to other platforms, Quint users have the ability to exchange NFTs and can also stake the QUINT token in return for rewards. But it’s their super-staking pools that make them one of the best metaverse cryptos for the future.
It’s within these super-staking pools that the virtual world meets the real with Quint offering winners prizes such as stays in luxury hotels, discounted tables in top-end restaurants and even high-end consumer items such as luxury cars or homes. The platform also has its own boutique marketplace where its users have the option to receive real-life representations of their NFTs on Quint, which can be delivered as physical items directly to their door.
While it remains to be seen if this idea can really take off, if it does, Quint will be one of the best metaverse cryptos to own as 2023 rolls around.
3. Decentraland (MANA) - Virtual World Builder
One of the best metaverse projects of the burgeoning GameFi sphere, Decentraland is one of the OG metaverse games and what many think of when they hear about the metaverse. Decentraland users can purchase digital plots of land inside their universe with which they can build nearly anything they want. Users can create games and marketplaces for other users to trade their digital goods or even rent out their plots of land for MANA tokens.
While Decentraland saw its popularity and value skyrocket, giving a glimpse at what the future of GameFi could be, the crypto crash has really brought down the value of its MANA token. Yet, the cost of its digital land plots still has yet to come down in response. This can make Decentraland a risk for some, but for others, its all-time high shows how it can still be one of the best metaverse cryptos to own.
4. Metahero (HERO) - Real-World Asset Scanner
Metahero is looking to refashion the metaverse by bringing ultra-realism to it through modern technology and upending the trend of using tired CG assets to model the virtual world. The platform wants to increase user engagement by presenting a space which is similar to the real one they currently inhabit, albeit without the restrictions they experience in their everyday lives.
Instead of digital creation, Metahero will create the world’s largest and most realistic library of metaverse assets, by scanning real-world objects and people into the metaverse. This means that instead of an avatar you create, you’ll have one that looks exactly like you. Instead of a digitally created object, you’ll have one that is a digital replica of a real-world object.
In this way, Metahero is seeking to give developers the ability to create the most realistic metaverse possible. Like Quint, the future value of Metahero depends on how well the idea is received but has the potential to be one of the best metaverse projects around.
5. NFT Worlds (WRLD) - Minecraft-Inspired Open World
Inspired by the popularity of the massive open worlds of Minecraft, NFT Worlds looks to combine the virtual world-building of Minecraft with the metaverse and play-to-earn opportunities. Using open-source Minecraft code, players can enjoy a familiar experience, controls, and in-game mechanics. While not associated with the actual Minecraft, it will allow cross-platform compatibility, meaning that anyone with a Minecraft account can also access NFT Worlds.
Like with Decentraland, NFT Worlds users can purchase their own plot of land and build it up however they choose, all with the feel of an extremely familiar play style. If Minecraft fans come to NFT Worlds in droves, it could become one of the best metaverse projects in the universe.
6. Illuvium (ILV) - Open World Creature Collection Game
Illuvium is a Pokemon-type game where users explore a virtual world to discover digital creatures affectionately known as “Illuvials.” Each Illuvial has a unique set of characteristics - much like you would expect from similar creature-based games - each creature has specific strengths, weaknesses and classes to give them distinctness in this open world. With over 100 currently on offer, custom collectables and skins available for each, as well as a marketplace on which to trade them, the total number of original combinations are mind-boggling.
7. Silks - Horse Racing P2E Project
One of the most intriguing of the best metaverse projects of the future is Silks. Silks is an NFT-based horse racing play-to-earn game with a twist which is that the NFT horse you possess is directly connected with statistics of an actual, real-world racehorse. As such, whenever races are won or lost in the real world, corresponding changes are carried through into the metaverse; this offers an unpredictable factor which adds to the excitement.
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