When discussing Web 3.0, metaverse, blockchain technology, crypto, smart contracts, NFTs, and the crypto metaverse projects created using these technologies, most of us have many questions and are left wandering. However, these emerging technologies in various sectors define new horizons and the future of recent digital advancements in entertainment, gaming, employment, education, retail, and many more.
Many parts of the metaverse remain abstract at this point of development. However, specific components, like blockchain technology, smart contracts, cryptocurrencies, and non-fungible tokens (NFTs), are already changing its internal architecture and economy.
A Brief Review Of The Metaverse
The buzzword “Metaverse” was initially used in a novel published in 1982, “Snow Crash”, authored by Neil Stevenson. This novel portrays the metaverse as a virtual realm that enables individuals to transcend totalitarian reality.
The Metaverse is a simulated version of the real world. Users can visit art museums and galleries, attend events and concerts, and travel to exotic destinations in these virtual worlds by creating custom-made virtual avatars.
The chance to escape reality and establish a new existence inside a digital environment is the most appealing aspect of the Metaverse to most users; many individuals also want to make wealthy from this booming sector by creating digital assets and selling them to other users.
Opportunities For Creators
In this new era known as the Era of the Creators, content, and experiences are produced by these creators leveraging these crypto metaverse projects for their audiences and viewers without any limitations imposed by technology. Their advantage in the market is derived from their in-depth understanding of specific communities, inventive storytelling approaches, and mastery of many current modes of expression.
Tech giants worldwide are still racing to build an immersive metaverse platform since the metaverse’s arrival, and the competition is quite intense with new technologies and projects under development.
Not only are metaverse experiences getting more true to life, real-time and social, but so are the number of creators. The creative economy includes all the tools and technologies the creators use to develop consumer-pleasing experiences. In addition, creators are provided with various tools, templates, and content channels to assist them in shifting production away from a bottom-up, code-centric strategy and toward a top-down, creative one.
Read the 7 Ways To Profit From Your Virtual In The Metaverse here.
The following are some of the most significant crypto metaverse projects for creators and investors which have taken the crypto space by storm.
COMEARTH is the world’s first E-Commerce Metaverse Ecosystem, built on top of Polygon Blockchain. The key stakeholders of the COMEARTH ecosystem are its community, brands, creators, customers, and advertisers who shall engage in 3D immersive experiences, sell/shop, hang out, and participate in a variety of events on the earth-like planet.
COMEARTH is a Metaverse accessible by browsers, Mobile Devices, & VR and built on Polygon Blockchain that shall act as a global marketplace for goods (digital, physical, and phygital) & services (within and outside of the Metaverse) and facilitate e-commerce for digital, physical, and phygital items.
COMEARTH shall enable global creators and brands to connect with, sell to, and create experiences for a global customer base. COMEARTH shall also allow users to seamlessly shop and attend events in the Metaverse with an intuitive, easy-to-use experience while ensuring the right discoverability of their favorite products in this global market.
Decentraland is among the most popular Web3 crypto metaverse projects. This universe is constructed on the Ethereum blockchain that frequently smashes records for the most expensive land sales with a market capitalization of more than 5.6 billion dollars.
Decentraland includes the whole metaverse, alternatively known as a virtual cosmos in social contexts.
Additionally, the decentralized autonomous organization (DAO) is the owner of the critical smart contracts that run the Decentraland metaverse, most especially the LAND contract, that allows users to trade virtual land on the platform.
Users of Decentraland can easily monetize their LAND by activating ads, interactive gaming experiences, and others. As previously mentioned, MANA is the metaverse’s money. It may be used to purchase LAND accessories, avatars, names, and a range of other things in the Decentraland marketplace.
Bloktopia is the second significant addition to the leading crypto metaverse projects league. Bloktopia is a virtual reality metaverse gaming platform in which you must play in a scenario with a tower. The primary goal is to provide a center for socializing, work, events, and other activities. Bloktopia uses Polygon blockchain to give the four major features of creating, learning, playing, and earning.
Bloktopia’s four different blockchain-enabled functions confirm its current status as one of the top metaverse blockchain initiatives. It is an important entry point for learning about blockchain and its role in the metaverse. Bloktopia similarly employs the play-to-earn paradigm through its native token, BLOK. Furthermore, it provides advertising chances via Adblock while enabling real estate through Reblok. Users may also play various user-created games alongside content and construct their gaming settings.
Sandbox is another addition to popular crypto metaverse projects. The Sandbox is a virtual environment with a DAO design, similar to other crypto metaverse projects such as Decentraland. Furthermore, The Sandbox is believed to be built on the Ethereum blockchain technology, identical to Decentralnd. This blockchain supports smart contracts by obtaining virtual land and other digital assets.
The SAND virtual token is Sandbox’s native currency, and it is transitioning to Polygon’s layer 2 solutions, which are known for their lower transaction fees and faster processing rates.
The Sandbox is a virtual environment where users from around the globe can easily design, own, and sell their game experiences using the Ethereum blockchain and the SAND token technologies. As previously stated, players may build virtual assets as non-fungible tokens (NFTs), upload them to the marketplace, and spend them on games created by other famous creators.
The metaverse is the hottest trend in technology right now. The rebranding of Facebook and the dramatic increase in the value of metaverse tokens provide critical evidence for the practicality of metaverse. Furthermore, metaverse blockchain initiatives give the necessary impetus for combining blockchain with metaverse.
However, creators remain in the early phases of metaverse development. At the same time, the variety of metaverse initiatives is rapidly expanding.