The Metaverse market is booming. There are hundreds of Metaverse-related projects in the pipeline.
In the cryptocurrency market, the term “Metaverse” has ignited like wildfire. Even in mainstream business magazines, the term is becoming more and more common. Gartner even named it one of the 5 most influential new technologies of 2022.
So what exactly is Metaverse?
The Metaverse is a shared digital space where people can interact and create content. It’s a bit like a virtual world, but it’s not limited to one platform or device. Think of it as a digital universe where anything is possible.
The versions of Metaverse we have today are – for lack of a better word – even more primitive. But the possibilities are great.
VR, AR and NFT-familiar companies have interests in Metaverse. They see it as a way to bring their products and services to a wider audience. And they are not wrong.
At present, the world market is still relatively modest. But by the end of the decade, it can grow in enormous proportions. Some analysts predict that the Metaverse market will be worth almost $ 950 billion by the end of the decade.
The market will not grow to these proportions overnight. The process will take time, but thanks to a few key players, Metaverse is well on its way to becoming a reality.
Here are 5 Metaverse-related projects that are expected to be successful in 2022:
Bloktopia is a Metaverse game, based on the Polygon Blockchain, powered by the BLOK symbol. The token holders are known as “Bloktopians”. This is the first Metaverse project that enables users to access cryptographic information and comprehensive VR-like content, all in one place.
One of the things that makes Bloktopia unique is that it is based on distributed protocol. This means that anyone can create content and games without having to go through a central authority.
The pax. World Project is an open world, Metaverse platform with advanced audio, video and chat options. This is a virtual space created to help crypto owners interact, exchange ideas and connect with other crypto enthusiasts around the world.
pax.world users can meet at different events, bid on NFT and even attend virtual lectures. The project launched its air launch after raising $ 5.8 million in private sales.
Next, we have a platform that uses 3D scanning and modeling to create virtual objects such as avatars, clothing, and other objects. Meta Hero can be used in several areas, from marketing to education.
The platform uses a symbol called HERO and according to information on the company’s website, its maximum ceiling is 10 billion. At present, there are approximately 5.1 billion characters in circulation.
Redfox is Metaverse that enables individuals as well as organizations to connect and find all the tools needed to leverage Blockchain technology, VR and AR.
It is basically a unique shop for artistic and business people to create, organize and subsequently sell NFT in a convenient way. The ecosystem uses RFOX as the original symbol.
At present, $ 1.3 billion of these tokens are in circulation, and an additional $ 700 million will be issued.
Finally, we have Enjin, a company that has been around for quite some time. It has a market value of 2.2 billion dollars and its native brand, Enjin Coin, is ranked as the 62nd most valuable currency on the market.
The Ethereum-based social gaming platform allows users to create chat rooms and websites and host virtual stores. While it lacks the playback features of some of the other systems on this list, it is still a powerful NFT creation tool that supports businesses and individuals.
These are just a few of the metavers related projects that are expected to break through in 2022. As the virtual world and NFT market continues to expand, we can expect to see even more innovative and exciting projects emerge. So keep your eyes peeled for these and other players in the room.
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