The concept of the “metaverse” may be quite new to many people. However, there are many metaverse projects out there that can create a life-changing opportunity. Metaverse and crypto are coming together to develop the future of the digital world in the areas of games, entertainment, education, shopping and more. In this article, let’s take a look at the top 5 outstanding crypto metaverse projects in 2023.
I. What is the metaverse?
According to Matthew Ball, a famous investor in the world has written a series of essays on the potential and structure of the metaverse. He said, “Metaverse is a 3D version of the Internet and computers in general”. There are many statements from simple to complex about the concept of metaverse. But we can understand, metaverse is a virtual world where people can connect and interact with each other.
The appeal of Metaverse to most people is its ability to “escape from reality” and build a new life in the digital world.
Learn more about the metaverse here.
Metaverse is a virtual universe – Image: naukri.com
II. Current metaverse trend
According to technologists, the metaverse will take virtual reality experiences to the next level. It allows users to immerse themselves in the virtual world to do everything. From buying land, holding parties, music events to even getting married through a digital avatar.
So with the current trend of the metaverse, it is seen as the future of entertainment, fashion, gaming and more. Experts say that Metaverse could be very useful in education.
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III. Top 5 outstanding metaverse crypto projects
Metaverse crypto is becoming increasingly popular through exchanges and its accessibility has helped the technology to be adopted by many consumers and investors. Here are 5 current outstanding projects that you can refer to.
Top 5 metaverse crypto projects in 2023 – Image: al-iikhbariya.com
1. ApeCoin metaverse crypto (APE)
ApeCoin integrates various types such as games, NFT, virtual land, culture and commerce. The biggest goal of the project is to create a metaverse space for crypto users.
ApeCoin has a market capitalization of $1.9 billion, making it the metaverse project with the largest market cap.
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2. Decentraland (MANA)
This is one of the most popular and oldest metaverse projects. In Decentraland, players can create their own characters, chat with other users, buy and sell real estate and in-game items, or explore the exciting metaverse world.
It is the second largest metaverse project by market capitalization with more than $1.3 billion.
Decentraland project – Image: everyrealm.com
3. Enjin (ENJ)
Enjin is a platform that provides the ability to create and manage virtual items, especially in the game field. Using Enjin, participants can easily buy, sell and trade virtual goods such as NFT.
This top metaverse cryptocurrency has skyrocketed in value since early 2021. The current market cap is over $500 million.
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4. Tamadoge (TAMA)
The Tamadoge coin was created based on the concept of a Japanese virtual pet in the early 1990s, the Tamagotchi. The project promises that players will be able to take their NFTs with them wherever they go, as well as being able to interact with them.
TAMA is available for pre-sale. The project reached its pre-sale target of $2 million in just over a week.
Tamadoge metaverse crypto project – Image: alphablocs.com
5. Highstreet (HIGH)
Highstreet is a project that combines metaverse and play to earn features, built on blockchain technology. This is a virtual reality store where users can shop, play games, and especially collect NFTs from famous brands in real life.
In 2021, the project raised $5 million and has a market capitalization of more than $20.79 million as of July 2022.
Conclusion
Besides the promising projects mentioned, there are many other potential metaverse crypto projects today. All information above is for reference only and is not intended as investment advice. Especially now, it is not too late to learn about this exciting market. Don’t forget to update BAP Software’s articles to discover more interesting projects.
