The current crypto bear market has hit markets hard during 2022, and knowing where to invest can be tricky. With prices across the board at low levels, now could be an excellent time to begin regrowing investment portfolios. From newer projects to top metaverse projects that have already ridden the crest of a bear market, there is value to be found in 2023 for anyone looking for metaverse project investments.
This article looks at seven of the top metaverse projects with long-term earning potential in 2023, including:
- Metacade (MCADE)
- Decentraland (MANA)
- Axie Infinity (AXS)
- The Sandbox (SAND)
- Ertha (ERTHA)
- Wizardia (WZRD)
- Solace (SLC)
Metacade is an innovative new metaverse project that will revolutionize the world of blockchain-hosted play-to-earn (P2E) gaming. A community hub where gamers can hang out and connect with fellow crypto gaming enthusiasts while exploring the very best P2E titles. Users have several opportunities to earn outside of playing games, with handsome rewards available to gamers that interact with the hub by sharing alpha and gaming tips, writing game reviews, and producing feedback for new titles on the platform.
The platform aims to attract the most passionate GameFi fans to engage fully and help it reach the forefront of the metaverse gaming movement. To achieve this, Metacade has several other conduits to earning passive income. For example, the Comepte2Earn function allows gamers to stake MCADE tokens to enter online tournaments and regular prize draws. Meanwhile, from Q1 2024 onwards, the platform’s job board will host a wide range of the most exciting Web3 and GameFi careers opportunities as part of the Work2Earn scheme.
To help develop new talent, Q3 2023 will see the platform give away its first Metagrant, a source of crypto funding available to support the development of new games exclusive to Metacade. Developers submit proposals that receive community-wide voting, and the suggestion that gains the most votes gets a grant from the central Metacade treasury. This ensures that only the games Metacade’s users want to play get made while allowing the platform to develop and champion new development talent.
The funding for these features comes from multiple internal and external sources. Internally, the platform uses MCADE tokens that users stake to enter tournaments and prize draws. At the same time, external revenue streams are generated through the sale of advertising space, receipts of funds from other companies to host their games, and charge companies to post job vacancies in the careers hub.
Metacade’s ultimate goal is to transfer to a fully-fledged and self-sufficient decentralized autonomous organization (DAO). The transition will begin in Q2 2023 and will conclude in Q4 2024. Community members will take over all critical roles, while governance and future plans will fall to the democratically run community. To assure good governance and security, no transaction can occur without multiple treasury signatories’ approval.
With experts predicting that the early flood of investment received during the presale will continue once Metacade has floated on DEXs, Metacade looks like the best metaverse project to invest in with long-term potential.
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2. Decentraland (MANA) – Best virtual metaverse real estate platform in 2023
Decentraland is a well-established metaverse project that has gone from strength to strength since it was established in 2020. The platform is a standalone metaverse where MANA coin holders can purchase decentralized plots of land within a virtual world.
Once bought, these plots become LAND tokens which users can choose what they do with. They can build games or utility on the plots, purchase further LAND tokens to create an ESTATE, effectively a virtual property portfolio, and buy, sell or trade digital real estate within the universe. The price of each plot is determined by variables such as location and neighbors, in the same way as real estate in the real world is. For example, purchasing a plot near one owned by JP Morgan costs significantly more than one in the virtual rural wilderness.
The platform’s appeal lies in the freedom for users to choose how they customize their virtual plots. If they want to build a gaming experience and charge other users to play, that’s within the art of the possible. Equally, they might use their plot to hold virtual business meetings.
Decentraland has come under the microscope as users have begun to question the value of expensive land parcels. Plans for 2023 include the launch of SDK 7, which will significantly increase the usability and performance of the platform, while a new DCL editor is earmarked for release by Q2 2023 to improve the multiplayer experience. With Oculus VR support also on the horizon for 2023, Decentraland is set to remain one of the top metaverse projects.
This is likely to be reflected in the price of MANA tokens in 2023, which is likely to significantly rebound from its current bearish low level.
3. Axie Infinity (AXS) – best metaverse-based PVP game
Anyone familiar with the Pokemon Go explosion of a few years ago will need no introduction to Axie Infinity. Released by Sky Studios, this blockchain-hosted video game combines the best P2E technology available in the metaverse with the rich gameplay experience of Pokemon Go.
Users use the native AXS currency token to buy, sell and trade characters known as Axies. These Axies can be trained, equipped, and developed to improve their ability and fight in battles against other users. Winners receive rewards that can be exchanged to enhance their Axies’ battle capability or to buy new characters.
Although AXS has not been immune to the current bear market conditions plaguing crypto markets, the coin’s value has held up relatively well compared to rival tokens. This, along with the loyal user base Axie Infinity has built over the past few years, has established the platform with a reputation as one of the leading metaverse blockchain projects on the market. This has helped AXS remain an excellent long-term investment option for crypto fans.
4. The Sandbox (SAND) – best simple gaming creator platform in 2023
The Sandbox’s appearance will prove familiar to crypto users familiar with other sandbox-style games, such as Roblox and Minecraft, while providing a similar offering to Decentraland. Users can use the SAND token to buy land parcels which can be utilized using the platform’s three integrated creative tools.
3D objects and animations can be created and uploaded into The Sandbox’s virtual marketplace, where they can be sold, or users can use the simple, intuitive, and code-free plug-and-play game creator to build 3D games. Warner Music’s virtual music-themed amusement park is a leading example of the latter.
Although SAND suffered significant drops in value during the 2022 crypto crash, there is plenty of reassurance available for investors looking for long-term potential. The Sandbox remains the largest metaverse real estate platform, with 62% of all publicly available metaverse land.
With the metaverse real estate industry expected to increase by 31% year-on-year between 2022 and 2028 and forecasted revenue of more than $800 billion, recent price struggles reflect a correction rather than a loss of confidence in metaverse real estate or The Sandbox.
With more than 165,000 individual land plots to choose from and attracting big names, including Kingsley Coman, Snoop Dogg, Adidas, and Gucci, The Sandbox’s future remains highly positive, making it an excellent long-term investment option and one of the best metaverse projects for 2023.
5. Ertha (ERTHA) – best metaverse world builder with a storyline
At first glance, Ertha looks like another virtual world builder along the same lines as Decentraland and The Sandbox, but this would be deceiving. Although this blockchain-based virtual world is a metaverse where users can build and create virtual land plots, Ertha has added a plot-based story arc to their offering to attract users.
Following a climate apocalypse, humanity stands on the brink of extinction, and users must rebuild the world from ground zero. This plot has gained the attention of curious crypto metaverse gamers and is set to move forward in 2023.
The native currency token ERTHA underpins all activity on the platform, enabling users to buy, sell, create, and trade. With a plotline to keep users engaged and the potential for developers to throw in the occasional curveball to keep users on their toes, ERTHA looks to have a bright future in 2023 and beyond.
Although the timing of ERTHA’s release was unfortunate, just before the cryptocurrency collapse, the low price and exciting future make Ertha a viable and attractive long-term metaverse investment opportunity.
6. Wizardia (WZRD) – best metaverse fantasy RPG title
Wizardia is a role-playing blockchain game (RPG) that uses a plot to give game users depth to their game-playing experience. The ultimate goal is for users to create, level up, and equip a character with the best equipment to build the ultimate wizard.
Visually attractive and with several player v players and player v entertainment battles that test players’ skill and strategy to win and climb the NFT leaderboard.
Wizardia provides gamers with a goal-based virtual world where the plot engages gamers through its character and plot development. In addition, users use the WZRD token to buy, sell and trade avatars, upgrade their characters and equipment, and offer P2E potential through online tournaments.
With the platform’s development team working incessantly on producing new features that enrich the gameplay experience and releasing new wizards onto the platform, Wizardia’s reputation as the best metaverse-based fantasy RPG looks assured, moving into 2023 and beyond. Indeed, future developments include partner tournaments against players from other GameFi projects and games with lucrative prizes.
7. Solice (SLC) – best virtual reality metaverse gaming platform
Solice is a Solana-blockchain-based virtual reality gaming platform that allows users to experience some of the best VR technology-enabled P2E titles on the metaverse. While the premise is similar to other virtual world builders, such as Decentraland and The Sandbox, the focus on VR title sets it apart from its better-known stablemates.
Land is purchased using the native SLC token allowing users to build and create before playing and socializing with other Solice users. The platform’s internal marketplace acts as the conduit where users buy and sell virtual goods with the income earned through gameplay.
The VR capability sets Solice apart from its rivals, enabling users to enjoy a much more immersive experience inside the 3D world. Social interactions feel more personal, with 3D avatars communicating with each other just as they would in the real world.
While this is an exciting metaverse development that looks set to be at the forefront of leading VR development in blockchain gaming, a VR headset is needed to make the most of the virtual world.
With VR adoption only going to increase in the coming years, Solice looks set to be a top metaverse project for years ahead and a superb long-term investment option.
In Summary – Metacade is the best metaverse project with long-term potential in 2023.
The future of metaverse projects is in great health, moving into 2023 with several exciting established and new projects offering excellent long-term potential for investors.
The top metaverse project is undoubtedly Metacade. The GameFi industry is set to double in size by 2025, and Metacade looks well set to reap the rewards with its robust roadmap in 2023. Thousands of investors have already jumped aboard the Metacade bandwagon, with the beta presale selling out in three weeks, raising more than $1.3 million in the process.
MCADE tokens are available for $0.01 in the 1st stage, with excellent gains to be made before it reaches $0.02 at the end of the final presale stage.
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Source: https://www.thecoinrepublic.com/2023/01/18/top-7-metaverse-projects-with-long-term-potential-according-to-reddit/