As the blockchain industry continues to develop and mature, five popular virtual projects are receiving more and more attention. Today, we will talk about the concept and examples of the five popular virtual projects (Sandbox, Decentraland, Axie Infinity, Bit.Country, and Aavegotchi).
Sandbox is the most successful metaverse land owner for temporary, with the highest number of virtual land transactions and trading activity. According to related statistics on OpenSea, Sandbox has accumulated about 160,000,000 Ether’s worth of transactions (More than 400 million dollars).
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Sandbox is an open world full of play-to-earn sandbox games. The gameplay is gamers explore and build to expand their game world. Besides, Sandbox allows players to create gameplay and in-game models that will attract other players to play, thus gaining assets that can be circulated and liquidated in the blockchain. Thus, players naturally need to own land in Sandbox. Each land in Sandbox is NFC, unique, owned, and tradable. The transactions will be recorded forever.
Once the land is owned, players can conduct business on it. For example, they can build a game ecosystem to hold events, or they can turn the property into an art gallery or other type of social center, and then they can earn tickets or rent by using different functions of the property. Today, on the map of Sandbox, we can also see many familiar large brands, such as Binance, Adidas, and so on.
Decentraland is another mighty titan on our top metaverse list. Decentraland is treated as the original metaverse project in the industry. Developed in 2016, it became open to the public in February 2020, and billions of dollars worth of virtual land have been sold on it now.
Decentraland also operates on top of the Ethereum blockchain. The same as Sandbox, it allows users to build gaming events and create NFTs to sell and use in those events. The Metaverse Group had ever bought a chunk of land on Decentraland for $2.43 million. This was a record-breaking sale over that time. The two native tokens are MANA and LAND.
In the next few years, Decentraland, this metaverse crypto project will most likely battle it out for the top spot among the others on this list. Fortunately, it has the beginner’s advantage.
Axie Infinity (AXS)
Axie Infinity is one of the most successful crypto projects and play-to-earn games in Web3. As the next metaverse crypto project on our list, it can be treated as the Web3 version of Pokemon. According to the relevant data, there are up to 2.8M daily active players in Axie Infinity. 97% of NFT holders had three or more Axies in their possession, with the NFT collection surpassing $4 billion in sale volume.
Players of Axie Infinity generate creatures called Axies and use them to battle with other players. Their native crypto is AXS, and all Axies can be bred, traded, upgraded, and bought from 3rd party marketplaces. Nevertheless, it can still be regarded as one of the best metaverse projects. The project had also sold a record-breaking plot of land, with one parcel being sold for $2.5 million.
Bit.Country is the Platform for User-created Metaverses and Smart Contract Platform for Dapps and Games. Bit.Country is a decentralized world where anyone can start their own metaverse with the token economy and DAO.
Bit.Country allows non-technical users to build their own metaverse. Developers can use our API to develop their games and smart contract dapps. Metaverse.Network is the blockchain network of Bit.Country application framework. NUUM token (or Canary Network NEER) is the fuel that powering the entire ecosystem.
It is said that Bit.Country recently won a parachain slot in the Kusama ecosystem, locking in over $100 million.
Aavegotchi is the last project, a crypto collectibles game built on Ethereum where participants can buy and grow playable NFT avatar characters used to explore the world.
What makes Aavegotchi special is its advanced technology. When it comes to the Aavegotchi universe, you will find its land structure to be rather appealing as it incorporates one of the most cutting edge iterations of NFT technology, such as DeFi, NFT or even better, NFT-Fi (non-fungible token finance).
Above is all about Top five popular virtual projects. Thank you for your reading in patience. At the same time, to obtain more information about the blockchain industry, we welcome you to subscribe to and follow us at any time.
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