The metaverse, as abstract as it sounds, has risen to popularity over the pandemic and has drawn the attention of world-class artists, banking institutions, and the tech industry for its limitless potential. It’s no surprise that people alike are racing one another to establish their project as ‘the one’ in the metaverse. With new metaverse projects popping up left and right, let’s take a look at the current top 10 in no particular order.
1 & 2. Decentraland and Sandbox
No list would be complete without mentioning Decentraland (MANA) and Sandbox. Seen as competitors to one another, Decentraland and Sandbox provide similar solutions to users in the form of an NFT-based metaverse virtual world. The main premise on which these projects are built is the buying, selling, and maintaining of virtual land and real estate.
With plots of land, users can create things ranging from digital wearables to virtual concerts, casinos, or even theme park attractions. Additionally, users can introduce NFT-interactive games that boast play-to-earn mechanisms, making them engaging to all community members.
Comparing the two in their differences, Decentraland is seen as the more refined and corporate version, whereas Sandbox is more dependent on user creativity for infrastructure. But there’s no doubt both have been majorly successful having done deals with the likes of Snoop Dog and HSBC (for Sandbox), and bank giant JPMorgan (for Decentraland).
Enjin isn’t a new player in the crypto space with existing products in NFTs, a crypto wallet, and a marketplace. All of their products are aimed toward helping users interact with the virtual world of the metaverse. Their streamlined service makes it easy for anyone to create and trade digital assets. And although there are Enjin-powered games, their focus is more on business and individual empowerment rather than gamification.
Pax.world is a community-owned metaverse world where governance is decentralized through a DAO. They offer advanced communication technology (i,e, HD video conferencing for virtual events such as concerts or team building events) all with low-tech capability requirements. The freedom to create is truly in the hands of creators to realize their own fantasy world with many side benefits.
Somnium Space is an up-and-coming VR-based metaverse project built on Ethereum. With major partners such as Polygon, OpenSea, and FTX, there is strong backing behind the product development. Their website holds several different solutions including a marketplace for tokenized land, a builder, and both a VR and 2D web client. It’s evident from their in-game mechanics that the team has invested a big portion of their efforts into the tech side with cross-platform capabilities, a scriptable world, analytical tools for monetization, and more. There’s a strong emphasis on their virtual world being open and social with its own economy and currency, allowing for a fully immersive experience for its community.
Bloktopia is a decentralised metaverse project built on Polygon. Much like Somnium Space, Bloktopia promotes an immersive and engaging VR experience but with a focus on educative entertainment. Their virtual reality is set in a 21-story skyscraper that acts as a one-stop hub for varying levels of crypto experience. Users will have access to crypto information and immersive content all in one place. Using Creation Engine, Bloktopia will provide its users with remarkable visuals while they learn, earn, play, and create.
7. Star Atlas
Star Atlas is a unique and innovative sci-fi exploration game that is built on Solana. While it retains the familiar feel of a game with its extensive storyline and graphics, it’s actually a metaverse and carries added benefits for players. Beyond things like custom player customization, users can determine the fate of the metaverse by holding the governance token, POLIS. Digital assets can be traded on a marketplace both in and out of the game.
Metahero is a technically driven metaverse project that has a main focus on 3D avatars via real-world scanning. Their view is that through realistic and advanced scanning, they can bridge the gap between the real and virtual world and catalyze mass adoption of crypto. With a personalized avatar, users can project themselves and objects into numerous realms whether it’s gaming, VR, AR, social media, or fashion.