When Facebook’s holding company rebranded as Meta in autumn 2021, it gave a clear indication of Mark Zuckerberg’s vision of the future: a digital world made up of virtual reality (VR) and augmented reality (AR) apps. Cryptocurrencies are an integral part of this futuristic vision, but exactly what is metaverse crypto, and what are the 4 best metaverse crypto coins to buy in 2023? Read on for the answers.
Best Metaverse Crypto Coins for 2023
1. Metacade (MCADE) for P2E and GameFi
2. Decentraland (MANA) for Artists
3. Sandbox (SAND) for Virtual Gamers
4. Axie Infinity (AXS) for Pokémon-style Games
1. Metacade: Best Metaverse Crypto for P2E and GameFi
The metaverse opens up all sorts of new possibilities for people to work, socialize and play. With Metacade (MCADE), those 3 areas start to merge and overlap in ways that were once unimaginable. Blockchain gamers can have fun, all while earning money in Metacade (MCADE)’s fantastic range of classic arcade and advanced metaverse games. It’s possible through Metacade (MCADE)’s Play2Earn, Compete2Earn, Create2Earn and Work2Earn functionality.
Metacade (MCADE) is currently racing through its presale, with investors drawn in by the company’s appeal to all sides of the P2E and GameFi industry. Developers can interact directly with players and use those relationships for testing, development, and direct feedback about new titles released in the Metacade arcade. Meanwhile, gamers who are also crypto enthusiasts can invest in Metacade and then stake their tokens to earn a passive income.
The Metacade (MCADE) roadmap outlines the company’s visionary plans for the future. This includes a commitment to becoming a DAO, giving members governance rights, rewards and influence on future game development. Metacade (MCADE)’s vision also includes Metagrants, a smart initiative that provides funding for the building of new games on the platform. With such vision, it’s easy to see the company as the ultimate Web3 community hub for P2E and GameFi.
It makes sense that the Metacade economy – or ecosystem – is underpinned by a currency (MCADE) that allows members to earn tokens while playing, stake tokens to enter tournaments, and even trade tokens for merchandise on the platform. These capabilities explain what metaverse crypto is and what it does, and underline why it has such an important role both within the game and in the real world. It’s the key to getting the most from working, playing and socializing in the virtual world.
The Metacade presale is proving extremely popular with investors, and in a few short weeks, it’s raised over $3.3 million. There’s still time to buy in at the low price of $0.012. But that price won’t be around for much longer – demand is high, and some industry experts are already speculating on the possibility of 100x gains in 2023.
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2. Decentraland (MANA): Best Metaverse Crypto for Artists
While the other companies on this list of best metaverse crypto coins all focus primarily on gaming and games, Decentraland (MANA) takes a slightly different approach with its virtual world. Sure, there is a gaming and P2E element present, but in some respects, Decentraland (MANA) is more like a shopping mall, concert venue or real estate company than a games arcade. That’s reflected in two significant ways that you can earn money with this platform.
First, artists, fashion designers and musicians can use Decentraland (MANA) to create, market and sell their content. Artists can create real or virtual works of art, fashion designers can showcase collections for real people or in-game avatars, and musicians can organize virtual concerts to promote a new tour or album. In all of these examples, content can be minted into NFTs that can be bought and traded.
The other way to make money is via virtual real estate development. Developers in the real world can either buy an existing business and location and carry on running it. Or they can purchase a vacant parcel of land, build on it, and make money from renting it out, or from selling on the development. Real estate development in the virtual Decentraland metaverse is no different, and it’s a good example of what metaverse crypto is capable of delivering.
Decentraland (MANA) has the advantage that it’s been around for a long time compared to other metaverses and already has products ready to go. It also benefits from being a DAO, meaning it’s owned, managed and governed by its users. Although daily active user numbers have remained relatively low, there’s a good chance that this will change in 2023, as more people wake up to the entertainment, fun and revenue potential in the metaverse.
3. SANDBOX (SAND): Best Metaverse Crypto for Virtual Gamers
It may sound obvious to say it, but different metaverses offer different experiences and are targeted at different segments. Some virtual worlds are strong on NFTs and content creation. Some are more geared toward a specific area of interest like travel, fashion or art. Others focus on the financial and crypto sides of GameFi. That diversity means it’s not always easy to define exactly what a metaverse crypto is … unless you are talking about Sandbox (SAND).
Sandbox (SAND) is aimed first and foremost at virtual gamers. That should come as no surprise, as the company can trace its origins back to a mobile phone game before it took the leap into virtual reality. Although its primary focus is on gaming, it has to be said that Sandbox (SAND) is also attractive to a myriad of crypto investors, developers and retail brands. However, some analysts wonder if the company has too narrow a focus and requires too much investment.
As well as P2E games, players can buy a piece of digital real estate called LAND in the Sandbox (SAND) metaverse, allowing them to build, customize and make money from their own virtual creations. VoxEdit allows them to create 3D models and NFT which can then be sold on the Sandbox Marketplace. Similarly, the Sandbox Game lets users create 3D games that can be sold for profit. In time, users will also be able to make money from renting out their LAND.
Sandbox (SAND) makes the cut as one of the best metaverse crypto projects because it never stands still. The company continues to announce new games, new partnerships, and new retail brands on its platform. As more people wake up to the fun and earning potential of metaverse games, and as Web3 technology makes the impossible possible, Sandbox (SAND) looks set to prosper.
4. Axie Infinity (AXS): Best Metaverse Crypto for Pokémon-style games
Surely no one could have predicted that Japanese trading cards and battling games would become such a worldwide phenomenon. Some 25-plus years after their launch, Pokémon and Tamagotchi remain huge favorites, and that helps to explain the success of Axie Infinity (AXS). Inspired by its Japanese cousins, Axie Infinity allows players to buy, create, nurture, trade and compete in the metaverse with digital pets called Axies.
But how can players make money with these virtual creatures? Once you understand what metaverse crypto is and how it works, the potential of Axies starts to become clearer. With Axie Infinity (AXS), players can battle to earn SLP (smooth love potion) tokens, which can then be used in association with AXS tokens to create new NFTs. So in fact, Axies are essentially NFTs that can ultimately be traded or rented out to earn money in the real world.
There’s a lot to admire about Axie Infinity (AXS), and that’s why it makes it onto this list of best metaverse crypto coins for 2023. Top players can genuinely make a living out of doing what they love. The games and battles are terrific fun, and extremely popular. Gamers can earn passive income by lending out their Axies to other gamers, and then receive a share of any earnings made. And holders of AXS tokens enjoy governance rights.
Are there any downsides? It goes without saying that as with any investment, there are potential risks. Axie Infinity (AXS) suffered a massive $620m hack in summer 2022, damaging the company’s reputation, standing and value. Also, if you’re serious about making a living from Axie Infinity (AXS)’s P2E functionally, you will have to invest significant time, resources and money. But if you’re having fun, perhaps that isn’t too much of an issue.
Best Metaverse Crypto Coins for 2023: The Overall Verdict
There’s no doubt that all of the 4 companies listed here – Metacade (MCADE), Decentraland (MANA), Sandbox (SAND) and Axie Infinity (AXS) – stand to benefit from the increasing demand for metaverse games. But which is the best metaverse crypto coin to buy in 2023? That’s a really tough question because each contender has an incredible amount going for it.
In the end, though, Metacade clinches the top spot because of its unrivaled selection of games, its industry-wide focus, its forward-looking vision, and its cracking presale price. Get in now at the best price whilst you still can.
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