Top 5 outstanding Metaverse projects in 2021
Facebook’s changing its name to Meta on Oct 28th has marked an important milestone for metaverse projects. The Metaverse trend can be considered as the most significant change in the cryptocurrency space in 2021 and still has no sign of cooling down at the beginning of 2022. In this article, Tokenize Xchange would introduce you to the top 5 outstanding Metaverse projects in 2021 (in case you don’t know).
Axie Infinity (AXS)
AXS is the Ethereum-based token of Axie Infinity, an NFT-based online game which is created by Vietnamese developer Sky Mavis.
Axie Infinity developers focus on building a play-to-earn model in which players can earn project rewards by playing, winning the challenges, and growing the ecosystem. In Axie world, those rewards include two tokens: Axie Infinity Shards (AXS) and Small Love Potion (SLP). Users can exchange their time and effort into real money by exchanging the tokens for fiat on cryptocurrency exchanges like Tokenize Xchange.
According to an Axie report, many users can earn about $5 per day by playing Axie Infinity, but the income has surged to $20. It has been two years since Covid-19 was declared as a pandemic, forcing hundreds of millions of people to live through lockdowns. Since unemployment rates have skyrocketed and reached their peak during 2020, make-money-online has become a way out for many people who lost their income due to the pandemic. And Axie Infinity has been their lifeline.
Decentraland is a virtual reality platform powered by the Ethereum blockchain. Decentraland allows you to create a new economy, build, and monetize virtual reality applications. Divided into 90,000 parcels of LAND, measuring 16m x 16m of each, Decentraland gives its users the ownership over their land and applications they create within their land.
In Decentraland, you can freely create and build anything you want when you own a piece of land there. You can go to casinos, attend seminars, attend music concerts, go shopping with friends, drive your dream car, and even start a business. With just a virtual reality headset or a web browser, you can enjoy a 360-degree virtual world.
To maintain the network and attract new users to Decentraland, its developers have hosted numerous contests to create art, games, and applications with handsome rewards as a result.
MANA token – the national token of Decentraland has rocketed during the Metaverse trend and reached the ATH at $5.8!
Enjin is an all-in-one platform that allows users to create digital assets, upload them to Ethereum’s blockchain, and integrate them into games and applications. The platform includes a suite of products Enjin Network, Enjin Wallet, EnjinX, and Efinity.
As one of the top 5 metaverse projects, Enjin has a large community. The success of the project is the result of the global application of NFT and the metaverse. With the high demand of the NFT and metaverse market, this will be the basis for the foundation and ENJ coin to develop sustainably.
The ENJ coin has made great leaps since the beginning of 2021 and reached the all-time-high at $4.22. With more than 800 million tokens in circulation, ENJ’s market capitalization is nearly 2.5 billion USD, ranking 69th among large projects in terms of capitalization.
The Sandbox (SAND)
The Sandbox is a decentralized virtual world where creators can design, share, and sell their digital assets. Sandbox is a game ecosystem and metaverse built on the Ethereum platform. Created and developed by Pixowl, the Sandbox has the potential to become a strong competitor to the traditional gaming market where platforms control users’ content and users’ rights are limited. Meanwhile, the project allows users to have absolute ownership of the works in their world.
The SAND token has also benefited from the metaverse trend in the past month. The value of SAND at one point increased more than 400% from a week earlier, reaching ATH at 3.45 USD. At the moment, the SAND token is stabilizing in the $2.3 price region
Radio Caca (RACA)
The last one in the top 5 significant metaverse projects in 2021 is Radio Caca – a big project with partners who are tech giants such as Google AI, Microsoft, and Space X. This is a Defi platform and also a play-to-earn game of Maye Musk Mystery Box (MPB) MFT, which is expected to be deployed in the first quarter of 2022.
Recently, Radio Caca released the game “Metamon” in October 2021. It is a play-to-earn game where the RACA token plays the same role as the AXS token in Axie Infinity. RACA price surged to reach the ETH at 0.01 on Nov15 after Facebook changed its name to Meta, following the metaverse trend, although the increase is not as impressive as the listed tokens. Currently, the price of RACA is about 0.0074 USD.
Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.