8 Crypto Projects Set to Dominate the Metaverse in 2023

As the metaverse continues to evolve, these crypto projects will serve as essential building blocks

The concept of the metaverse, a virtual universe where people can interact, socialize, work, and play, has been gaining substantial traction. While it’s still in its infancy, the metaverse has captured the imagination of individuals and businesses worldwide. As we look ahead to 2023, it’s becoming increasingly clear that cryptocurrency projects will play a pivotal role in shaping the metaverse. In this article, we’ll explore eight crypto projects that are poised to dominate the metaverse in the coming year.

1. Decentraland (MANA)

Decentraland is a blockchain-based virtual world that allows users to purchase, develop, and monetize parcels of land. Users can create, explore, and trade in the virtual world. MANA, its native cryptocurrency, is used for various transactions within Decentraland, including buying virtual real estate, digital assets, and services. As the metaverse expands, Decentraland’s decentralized approach to virtual property ownership is likely to gain prominence.

2. The Sandbox (SAND)

The Sandbox is a user-generated content platform that empowers users to create, own, and monetize their gaming experiences in a decentralized virtual world. SAND is used for transactions, including purchasing and trading assets. With partnerships with major brands and continuous development, The Sandbox is set to be a major player in the metaverse.

3. CryptoKitties (KittyVerse)

CryptoKitties is one of the pioneers of blockchain gaming, allowing users to collect, breed, and trade digital cats. With the KittyVerse ecosystem expanding to include land, experiences, and virtual spaces, CryptoKitties remains at the forefront of blockchain-based virtual experiences.

4. Axie Infinity (AXS)

Axie Infinity is a blockchain-based game that lets players collect, breed, and battle fantasy creatures called Axies. The AXS token is integral to the Axie universe and has been gaining significant attention. As the metaverse extends into the gaming world, Axie Infinity is likely to continue its upward trajectory.

5. Enjin (ENJ)

Enjin is a blockchain ecosystem that enables users to create, trade, and monetize gaming assets. With the introduction of Efinity, a next-generation blockchain for non-fungible tokens (NFTs), Enjin is positioned to be a major player in providing infrastructure for the metaverse’s virtual assets.

6. Flow (FLOW)

Flow is a blockchain designed for scalable and developer-friendly decentralized applications, including games and digital assets. NBA Top Shot, built on Flow, has gained substantial popularity by allowing users to buy, sell, and trade officially licensed NBA collectible highlights. The success of NBA Top Shot hints at Flow’s potential in the broader metaverse.

7. The Centraland (CENTA)

The Centraland is a blockchain project that provides a range of services for users in the decentralized metaverse. It offers virtual real estate, shopping, and entertainment. The CENTA token powers transactions within The Centraland, and its adoption is expected to grow as more users flock to the metaverse.

8. Star Atlas (ATLAS)

Star Atlas is a space-themed blockchain gaming metaverse. It features a player-driven economy, immersive graphics, and complex gameplay. ATLAS tokens are used for in-game transactions and governance. With its ambitious vision of building a decentralized gaming universe, Star Atlas could become a metaverse of its own.