The future is here, and the future of virtual reality is called “metaverse.” Metaverse projects are seen as a way to create immersive worlds that can be explored with one’s own eyes. If you want to go beyond video games or traditional films, then these 5 metaverse projects are worth looking into.
Decentraland (MANA) is a decentralized 3D virtual reality platform powered by the Ethereum blockchain where users can create virtual structures such as casinos, art galleries, concert halls and theme parks, and charge other players to visit them.
The traversable virtual space within Decentraland is called LAND, a non-fungible digital asset (ERC-721) that is divided into 16m x 16m parcels. These parcels are permanently owned by members of the community and are purchased using MANA – Decentraland’s native cryptocurrency token. Some parcels are organized further into themed communities, called Districts, allowing users to create shared spaces with common interests.Read more: Coindesk
This virtual world is built on Ethereum smart contracts by its users. Users can buy land parcels for as little as $10USD and then build anything they want on them: from games to digital art installations. It’s a great project that is worth checking out!
The Sandbox is software running on Ethereum that operates a decentralized virtual gaming world.
At its core, the Sandbox is a game in which players can buy digital plots of land, called LAND, and create experiences on top of them to share with other users. In this way, The Sandbox is one model of a blockchain-based metaverse in the same vein as Decentraland.Read more: Kraken
This is an MMO that utilizes blockchain in order to track in-game assets. One of the main goals of this project is for players to be able earn cryptocurrency by playing and creating items inside the game, which they can then sell outside of it (on third party sites).
Have you ever wanted to ready-player one yourself? Soon you’ll be able to make an ultra-HD scan of yourself and your real-world assets and move everything into the metaverse.
Metahero brings to the market 3D scanning and modeling technology that generates ultra-realistic 3D avatars and virtual items to be used across games, VR, social media, and online fashion. The tech also allows for the creation of NFTs from real-world works of art and collectibles.
We have partnered with the world leader in 3D scanning: Wolf Studio. Their cutting-edge technology was extensively tested and used by big industry names; Most recently, CD Projekt created characters for their hot new release, CyberPunk 2077.
We’re merging this powerful tech with a marketplace and a novel deflationary token-based ecosystem to offer users, gamers, artists, and entrepreneurs direct access to virtual opportunities of the future. Wolf Studios’ genius and next-generation technology coupled with our expertise in building tech startups from the bottom up will make Metahero one of the hottest projects of 2021/2022.Source: Isthiscoinasscam
Find, track and battle with other players in the Metaverse. Players will be able to trade items on this game’s market using their unique ID token. The goal of this project is for it to become a virtual world where you can do anything without limitations or restrictions, similar to Second Life but powered by blockchain technology!
Hedera Hashgraph is the third generation of distributed ledgers, operating differently from existing blockchains. Its core value is the Hashgraph, which works similar to a blockchain, although data is stored in hashes and not in blocks. Transactions in the network are verified through the gossip protocol, allowing information to be verified faster as more transactions enter the network.Read more: investing.com
This blockchain-alternative is a public distributed ledger platform that is designed to handle transaction loads at speed and scale needed for the internet. The project raised $100M USD in funding during its ICO which ended earlier this year, making it one of the largest fundraises based on an ICO model ever!
Sorare is a digital fantasy sports platform that allows players to construct their own team of fantasy soccer players from a wide range of international clubs. However, unlike traditional fantasy sports (where you choose players during an initial draft), users can “own” their team by purchasing digital playing cards representing each player.
These playing cards are tokenized using the Ethereum blockchain and can freely be resold as sports collectables in addition to being used in-game. Tokenization adds a layer of strategy and collectability to this nontraditional betting arena. The tokenization of collectibles is done through non-fungible tokens, or NFTs. NFTs are tokens that hold their own distinct value, unlike typical cryptocurrencies which are interchangeable with each other.Read more: Benzinga
This project is building a blockchain-based, decentralized game world where players can buy properties and build on them to sell or trade with other users. The goal of this project is for it to become the first full immersive MMORPG that provides social gaming features such as housing, malls, shops etc.
The Bottom line
I’ve given my top 5 metaverse projects to look into for this post but there are plenty more that deserve your attention too. All-in-all, if you want to be on the cutting edge of tech innovation, keep an eye on these five virtual reality spaces! Let me know what your favourite project is by leaving a comment below.