Opinion pieces are based on the author’s personal opinion, and they do not constitute investment advice, financial advice, or trading advice. Securities.io does not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your own due diligence and consult a financial advisor before making any investment decisions. The metaverse sector of the crypto industry may be one of the latest trends, but that doesn’t mean that it lacks exciting projects. In fact, new ones keep popping up, and in the past 7 months, the metaverse sector got over 200 of them. The diversity among them is also quite high, with some following an established road, and others experimenting and trying to do something new and unique.
And, of course, there are plenty of new blockchain-based games that use metaverse technology to develop a new kind of gaming experience that is rewarding in more than just one way. Today, we wanted to check out some of the best metaverse cryptocurrencies, and hopefully, point you towards several of them that you might develop an interest in. 1. Illuvium
We decided to start our list with Illuvium — a popular Pokemon-like game that offers a vast open world populated by creatures called Illuvials. The player is tasked with locating these creatures and defeating them in battle. Once they do that, they can nurse the creatures back to health and have them join the player. After that, the player can use them to fight other Illuvials and have them join their crew or battle against other players in order to win rewards by emerging victorious from such battles.
Illuvium is the first AAA game that emerged on Ethereum’s network, and we believe that it holds great potential to grow in the blockchain gaming sector.
To learn more visit our Investing in Illuvium guide. 2. Axie Infinity
Next up, we have Axie Infinity, which is the largest metaverse-based game in the industry. The game shares a lot of similarities with our previous entry, such as the fact that it offers a vast open world that players can explore with their creatures called Axies.
Each Axie comes in the form of an NFT, so when the player obtains one, they are the only true owner of the creature for as long as they hold its NFT. The creatures can be upgraded with over 500 different body parts that give them special abilities needed to win in battles against other players and earn AXS tokens as a reward. Finally, players can also breed their creatures with one another to create new, unique ones and then either keep them or sell them for profit.
To learn more visit our Investing in Axie Infinity guide. 3. Decentraland
In the third spot, we have Decentraland — possibly the oldest metaverse project in the entire industry. Decentraland has been around for years, offering a digital world in which users can purchase digital plots of land and use them for a variety of use cases. Some choose to use this land for software development, or running a business, or even for designing and playing games.
However, the most popular use so far has been to organize digital events and meetups which users can participate in. This use case grew particularly popular due to COVID restrictions, and even some large organizations such as the Australian Open used Decentraland for a digital version of its local events.
To learn more visit our Investing in Decentraland guide. 4. Reef
Our fourth entry is Reef, or Reliable Extensible Efficient Fast layer 1 blockchain for DeFi, NFTs, and gaming. The project was created using Substrate Framework, and it offers high levels of scalability, which, in turn, provides low-cost, near-instant transactions. Plus, it supports EVM and Solidity, which means that Ethereum-based dApps can easily migrate to this network.
So far, Reef has been the most advanced EVM-compatible blockchain that is self-upgradeable, and it features self-governance. Plus, it features a unique infrastructure that allows for EVM extensions, native token bridges, and many other features that might make it one of the crucial projects for the future of this sector and interoperability.
To learn more visit our Investing in Reef guide. 5. Verasity
In the fifth spot, we have Verasity, which it the next-gen project developed to support video-sharing. Its goal is to create a fair system for creators to earn from their work, and also for advertisers who would gain actual value for the ad money they pay.
A lot of traditional streaming and video websites use bots to view ads, thus tricking advertisers […]
source Top 13 Cryptocurrencies from the World of Metaverse to Watch in May 2022
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