Virtual worlds offer users an immersive experience, while some also offer them the opportunity to generate revenue streams. As part of the web3 ecosystem, monetization is an important aspect of its digital economy. Unlike Roblox, the largest Metaverse platform, there are projects for users to consider in 2023.
Decentraland (MANA)
The project was originally started in 2017 but only released in 2020. The Metaverse platform is built on the Ethereum blockchain, while MANA is an ERC-20 token powering its virtual economy. Currently, the token is trading at the market price of $0.522, up over 10% in the last 25 hours.
Decentraland hosts its annual Fashion Week, which attracts notable industry giants such as Tommy Hilfiger, Gucci, Dolce and Gabbana and more. The platform keeps organizing something interesting for its users. As of October 2022, the project was valued at $1 billion.
Axie Infinity (AXS)
If you are a Pokemon fan this game is for you. Axie Infinity was inspired by the anime of the same name. Here, users use characters called “Axies” to breed, fight, or trade. Additionally, these avatars have real value considering they can be sold on the official Axie Marketplace or secondary NFT platforms like OpenSea.
The Metaverse game gained tremendous popularity in the Philippines during Covid-19. When citizens were looking for jobs or sources of income while the world shut down, axis Infinity became her ultimate savior. This enabled the unemployed to become the breadwinners of their respective families.
Currently, the token is trading at a market value of $6.94 at the time of writing, up over 1% at the time of publication. The token hit its all-time high a few years ago in November 2021, hitting $165 this month. In contrast, it has lost over 95% of its value to date.
The Sandbox (SAND)
One of the most intriguing projects, The Sandbox, remains one of the most popular metaverses in the world to this day. Snoop Dogg, a rap artist, liked the game so much that he created a digital twin of his mansion. People can gain exclusive access to his digital home through NFTs and meet up with the DoggFather at VIP parties hosted in The Sandbox.
MOOKY (MOOK)
This may sound new to many, but the project is working wonders with its vision to plant trees around the world. It is a community-powered token that offers people the opportunity to contribute to their ultimate mission. The initiative also makes NFT collections available to users, where holders can gain access to exclusive perks mooky Ventures Club. The project has already raised half a million dollars and may double that amount in the coming days.
Disclaimer
The views and opinions of the author or those referred to in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in crypto assets involves risk of financial loss.
