The metaverse is home to a slew of new cryptocurrency projects and applications, which are all quickly gaining traction.
Let's take a look at some of the most anticipated metaverse & cryptocurrency projects to happen this year.
Silks is a new metaverse project that aims to build on the success of past P2E games — and go much further. Silks is a blockchain-enabled peer-to-peer (P2P) game with a feature-rich metaverse centered on the thoroughbred horse racing industry. In this metaverse, players can buy avatars and Silks horses, which are digital versions of real-world thoroughbred horses that are structured as NFTs. In addition, silks can now provide an autonomous marketplace where players can exchange Silks horses and benefit from their value.
Decentraland, a 3D virtual environment hosted on the Ethereum blockchain, is another exciting metaverse crypto project to keep an eye on. Decentraland, first introduced in 2020, has risen to prominence in the last year as the metaverse has grown in popularity. Players can create avatars and buy land plots in this virtual environment, which they can utilize to generate rich in-world content.
Enjin is a one-of-a-kind metaverse project since it does not include a virtual world with gameplay elements, unlike the others on this list. Enjin, on the other hand, provides a platform for producers to quickly create NFTs, which they may subsequently employ in blockchain-based metaverse games. The Enjin software development kit (SDK) allows anyone with experience to develop Ethereum-based NFTs, resulting in over 1.1 billion digital assets being created on Enjin's platform.
The Sandbox is an Ethereum-based virtual environment similar to Decentraland, where players can explore, buy virtual land, and communicate with other gamers. NFTs are used to create in-game things like clothing and land, which can be traded on 'The Sandbox Shop,' the platform's NFT marketplace. The Sandbox's transactional token, $SAND, powers this marketplace.
Bloktopia is an innovative metaverse project based on the Polygon network set to start in 2022. As a nod to the entire amount of 21 million Bitcoins, the Bloktopia metaverse centers on a tower with 21 levels. Bloktopians, or gamers, will be able to buy real estate in this virtual skyscraper and earn money through value appreciation, leasing, or even digital advertising.
While these are the most anticipated cryptocurrency initiatives on the metaverse, they will undoubtedly not be the last as the metaverse develops and bitcoin and other digital assets become more widely accepted and regulated.
Which Metaverse project are you most excited about? Let us know in the comments!
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