Top 5 Metaverse (NFT) Projects to Invest in 2022
Metaverse is the name given to the virtual world that is being created over the internet using blockchain, artificial intelligence, augmented reality and other technologies. This is just like our own world, only virtual, and focused on socialisation. In Metaverse, people use digital currencies like cryptocurrencies and are recognised by their digital avatars or NFTs.
Metaverse and NFTs have been a major topic of talk in the crypto community for the last couple of years, but the real drive came in October 2021 when the social media giant Facebook changed its name to Meta, effectively revealing its plans to create its own metaverse driven by socialisation in a virtual world. Inspired by Facebook’s move and the growing popularity of Metaverse, many other technology companies, including Microsoft, are reportedly planning to enter this virtual world.
All this makes now the best time to start your journey in the Metaverse and invest in some good, high-potential non-fungible tokens. Here are the top 5 projects you can consider.
#1 Doxy
If you are into NFT minting and want to play exciting games while minting tokens for profits, Doxy gives you everything you want. This is a sports fantasy marketplace where you can trade live sports, games and celebrities. You can also own celebrity NFT avatars and participate in various activities to earn more.
Doxy aims to design and develop the NFT Celebrity Digital Collectibles platform, the objective behind this development is to create a new financial system integrated with blockchain-based technologies. Which will enable millions of individuals to participate in the world of NFT and blockchain-based celebrity marketplaces in a very innovative and entertaining way.
#2 Sorare
Sorare is now one of the most popular NFT football games in the Metaverse. On the platform, hundreds of football clubs and players are registered and will be available for users to choose and make their own teams. Each NFT card represents a real football player. Mint NFTs (cards), build your fantasy team and play to win exciting rewards. The value of NFT cards is associated with the real-life value and performance of the players they represent. The more popular the player, the higher will be that card’s NFT value and demand.
#3 Ultra
Ultra is a blockchain ecosystem that combines an entertainment platform along with multiple blockchain-based services to offer the true metaverse experience to its users. The platform aims to combine all popular gaming industries together with a more efficient blockchain with an expected transaction speed of over 12,000 TPS. Ultra has its own native token called $UOS, which can be wagered to receive NFTs in exchange. Users having the highest number of UOS in their wallets will be prioritised at the time of transaction processing.
#4 Sandbox
Sandbox was created on the Ethereum network and offers a metaverse where users can create their own games as well as participate in other games to monetize their experiences and skills. The difference between Sandbox and traditional gaming platforms is that the gamers on the Sandbox platform are the owners of their respective characters through NFTs and are fairly rewarded for their contribution to the system. Moreover, players can use the built-in set of tools and editors to create and seamlessly edit their own characters.
#5 Meta City
Enjin’s Meta City is by far the most popular real estate NFT project in the Metaverse. It is also the first project to offer free NFT real estate to the players. So, if you are one of those planning to buy/own land into the metaverse, Meta City is the best place for you to be. Here, you can create your own NFT characters and earn using your artistic skills. Also, the platform accepts cryptocurrency as a primary medium for payments.