Connect with us
logo

Guides

Top 6 Most Prominent Metaverse Blockchain Projects in 2021

Published

on

Following Facebook’s announcement of its new name, Meta, interest in metaverse-focused cryptocurrencies increased enormously. Facebook, the social media giant’s previous name, has been abandoned because it believes it only symbolizes a single product. The prefix “meta” in the name “metaverse” refers to the concept of shared virtual worlds and communities, which Facebook desires to highlight in its branding.

Microsoft is also taking an interest in the metaverse. Mesh for Teams, a virtual workplace, was recently released by Microsoft (Facebook has something almost the same called Horizon Workrooms). As a result, risk-takers are eager to have some of the best metaverse crypto in their wallet. Let’s have a look at some of the metaverse projects you should definitely check on and also that are on the spotlight.

  • Sandbox
  • Decentraland
  • Bloktopia
  • Enjin (Metacity)
  • Ultra
  • Sorare
  • Axie Infinity(AXS)
  • Metahero
  • Sandbox

The SandBox is a blockchain-based game and metaverse world that allows you to buy, sell, and stake various non-fungible token (NFT) assets, such as virtual plots of land.

Sandbox (SAND)

SAND, a coin created by The Sandbox, is one of the finest metaverse cryptocurrencies out in the market. SoftBank (one of the world’s most powerful tech corporations) spent $93 million in The Sandbox’s metaverse game in the early days of November. The Sandbox is now in the center of attention as a metaverse platform that investors should keep a close eye on, thanks to the presence of such a significant backer on its team.

SAND is a cryptocurrency that works on the Ethereum blockchain. The fact that Ethereum is a safe and stable network is one plus. However, Ethereum is known for charging high gas prices to users who want to deal on its blockchain, so that’s one drawback of buying SAND.

SAND can be purchased on Binance, KuCoin, and BitHumb.

Decentraland (MANA)

Decentraland is a blockchain-based game platform that uses non-fungible coins and smart contracts. In Argentina, the platform was launched in 2016. Decentraland makes use of Virtual Reality (VR) technology, which combines the real world with a digitally created version. Second Life and Minecraft have a lot in common with this game’s user interface.

The platform, like all NFT games, allows you an open space to exchange items from the games. A gamer can make money while playing. Their ledger is distributed rather than centralized. It includes land ownership based on the same concepts as in real life.

On Coinbase, the MANA is an unit of exchange for in-game items. Any willing party can participate in the exchange. Land ownership is equal to asset ownership.

Binance, Coinbase, KuCoin, and Kraken are places where you can buy MANA.

Bloktopia (BLOK)

Bloktopia is a metaverse that has a 21-floored virtual skyscraper. What is the significance of the number 21? The Bloktopia crew desires to pay respect to Bitcoin, which has a limit of 21 million coins. Bloktopia users can design their own avatas, interact, learn about crypto, and buy metaverse “real estate” in this VR tower.

Users can utilize a basic builder tool to create artwork, games, challenges, scenarios, and more with this virtual reality real estate. Bloktopia is powered by Polygon, which is powered by the MATIC token. It, unlike Ethereum, enables for low-cost and quick transactions.

The token of Bloktopia is BLOK.  You may use BLOK to make purchases from the NFT Marketplace. This token will get you access to unique events, pre-sales, and staking. Bloktopia is also developing a governance token, BLOKG, with which token holders may vote and support Bloktopia.

Enjin MetaCity (ENJ)

MetaCity is the world’s first free-to-earn NFT real estate, and it’s inspired by the game Minecraft. Metacity currently has only 70 NFT plots accessible for owners to construct various types of enterprises.

Metacity is one of the most popular platforms because of its free NFT drops, which you may earn, resell, or keep forever. It also allows people to play many games at the same time. That means they’ll be able to swap items between the two games. Metacity and Minecraft for this situation.

Another feature of the game is the creator economy. Doing what you enjoy allows users to make a living. Anyone in MetaCity, for instance, will be able to: produce NFT characters and NFT art inhibitions.

In addition, users can spend their cryptocurrency holdings within MetaCity.

Lastly, anyone can begin playing the game without paying anything and collect capital coins, which can be used to purchase NFT plots on the Minecraft server.

Ultra

Ultra is the first fee-free blockchain ecosystem of its type, powering an entertainment platform that brings together diverse gaming sectors and blockchain-enabled services under one rooftop. Ultra’s network will be able to handle much more than 12,000 transactions per second.

Ultra will give you access to a variety of centralized and decentralized services, including the ability to search for, purchase, play, and sell games and in-game stuff, watch live-streaming feeds, communicate with your favorite influencers, enter contests, participate in tournaments, and even more.

$UOS is the native ERC-20 token for Ultra. Uniswap, Bitfinex, Bitrue, Kucoin, and Bancor Network are the places you can buy $UOS. Transactions on Ultra are provided without paying anything and almost instantaneous. Anyone can stake $UOS and receive incredibly rare NFTs as a reward.

Sorare

Sorare is an Ethereum blockchain-based football NFT game. On the Sorare platform, over than 180 football clubs are fully licensed, with new clubs joining week after week.

Sorare is one of the most popular platforms out there because it allows gamers to form a fantasy team using the cards they’ve purchased. Each card showcases a genuine person.

Cardholders will be automatically rewarded with points based on that player’s performance on the actual fields. As a reward, the teams with the most points each week will be able to create new cards.

Finally, you can join Sorare by creating a free account with your email address and participate in the community. Sorare NFT cards can be purchased with a bank transfer or a debit/credit card. Apple Pay and Android Pay are also accepted. Sorare NFT cards are available in more than 40 countries.

These are the most well-known metaverse projects, which you should keep an eye on on a regular basis. Metaverse is rapidly evolving, and crypto enthusiasts should take advantage of this opportunity to learn more about it.

Advertisement logo
Click to comment

Leave a Reply

Your email address will not be published.

Guides

Pros and Cons of Cryptocurrencies

Published

on

By

Cryptocurrencies were introduced with the aim of revolutionizing the financial infrastructure. However, as with any revolution, there are tradeoffs. At the current stage of cryptocurrency development, there are many differences between the theoretical ideal of a decentralized system using cryptocurrencies and its practical implementation.
cryptocurrency pros and cons:

Pros

Cryptocurrency represents a new decentralized paradigm for money. In this system, centralized intermediaries such as banks and financial institutions are not required to enforce trust and policing between the two parties. A cryptocurrency system therefore eliminates the possibility of single points of failure such as: B. Large banks create a series of crises around the world, such as the crisis caused by the 2008 collapse of US financial institutions.

Cryptocurrencies promise to facilitate direct transfers of funds between two parties without the need for a trusted third party such as a bank or credit card company. Facilitated through the use of keys and private keys and various forms of incentive schemes. B. Proof of Work or Proof of Stake, Safety.

Transferring cryptocurrencies between two trading parties is faster than standard money transfers because there is no third party intermediary. Lightning loans in decentralized finance are a good example of such decentralized remittances. Processed without depositing collateral, these loans can be executed and used for trading in seconds.

Investing in cryptocurrencies is profitable. The value of the cryptocurrency market has skyrocketed over the past decade, reaching nearly $2 trillion at one point. As of May 2022, Bitcoin was worth over $550 billion in the crypto market.

The money transfer economy is testing one of the most prominent use cases for cryptocurrencies. Cryptocurrencies like Bitcoin now act as intermediary currencies to streamline cross-border remittances. Therefore, fiat currency is converted to Bitcoin (or another cryptocurrency), transferred across borders, and then converted back to the target fiat currency. This method streamlines the money transfer process and makes it cheaper.

Disadvantages

Despite pretending to be an anonymous form of transaction, virtual currency is actually pseudonymous. They leave a digital trail that can be deciphered by authorities such as the Federal Bureau of Investigation (FBI). This opens up opportunities for governments and federal agencies to track citizens’ financial transactions.

Cryptocurrencies have become a popular tool among criminals for nefarious activities such as money laundering and illegal purchases. The case of Dread Pirate Roberts, who ran a drug marketplace on the dark web, is already well known. Cryptocurrencies have also become a favorite of hackers and are used in ransomware campaigns.

In theory, a cryptocurrency should be decentralized, with its assets distributed among many parties on the blockchain. In practice, ownership is highly centralized. For example, an MIT study found that just 11,000 investors hold about
5% of Bitcoin’s soaring value.

One of his cryptocurrency ideas is that anyone with a computer connected to the internet can mine cryptocurrencies. However, mining popular cryptocurrencies requires a lot of energy, sometimes as much as an entire country consumes. High energy costs combined with the unpredictability of mining have made mining a focus for large corporations generating billions of dollars in revenue. According to MIT research, 10% of miners have 90% of their mining power.

Cryptocurrency blockchains are very secure, but other crypto repositories such as exchanges and wallets can be hacked. Many cryptocurrency exchanges and wallets have been hacked over the years, sometimes stealing millions of dollars worth of ‘coins’.

Cryptocurrencies traded on the open market suffer from price volatility. Bitcoin has risen and fallen rapidly in value, surging to $17,738 in December 2017 before falling to $7,575 in the following months.

Some economists therefore consider cryptocurrencies to be short-lived fads or speculative bubbles.

Continue Reading

Guides

What Is Otherside: Everything To Know About the Bored Ape Metaverse

Published

on

By

“See you on the otherside in April,” Yuga Labs tweeted on March 18, 2022. This caused a fire storm of activity by more than 1.8 million enthusiastic gamers watching the attached teaser trailer indicating that Bored Ape’s Metaverse debuted. But what exactly is Otherside? This is discussed in more detail below, along with the many ways Yuga Labs decided to take advantage of NFTs. Buckle Up-It’s going to be a wild ride!

What is the otherside? The other side is the 3D Metaverse, which seems to provide a game format for boring Ape NFT holders. Otherside was developed in collaboration with Animoca Brands and uses ApeCoin. 4,444 members of the boring Ape Yacht Club (BAYC) were invited to hang out on the other side at launch in April. This has been of great interest, especially since it was announced the day after Yuga Labs debuted ApeCoin (symbol: APE). ApeCoin is available in all major crypto exchanges and is reported to play a major role in the Bored Ape Metaverse.
Clear the Stage was a teaser trailer that showed the boring monkey fishing protagonist to the Doors’ “Break On Through” song. He initially catches a bottle labeled “Drink Me”. But when he does, the full text of the bottle becomes apparent as “Don’t drink me.”

This reference to Lewis Carroll’s Alice in Wonderland provides some information about what to expect from the boring monkey Metaverse. The ones that are up should be down and the ones that are big should be small. And all players need to be able to use these things to create the land they really want. If this sounds exciting to you, you are not alone. Go back to the
video and watch the boring monkey ecosystem warp and move to the other side for the next minute. The NFT hero smoking a cigar is then literally shaken off in a wild flight across the BAYC Metaverse. The trailer features a number of NFT characters such as Bored Ape, CryptoPunks, Mutant Apes, The Meebits, Cool Cats, CrypToadz, World of Women, and Nouns.

So, what`s the purpose of all of this? Yuga Labs intends their Bored Ape metaverse to be an MMORPG that will connect the broader NFT universe. In other words, this seems to be a huge hint from Yuga Labs that now might be the time to get into NFTs if you haven’t done so yet.
What Do We Know About Otherside? There isn’t much that is officially known about Otherside. Fortunately, a recent pitch deck leak has filled in many missing details. It’s possible that some of what follows won’t end up in the BAYC metaverse, but the odds are high that the majority of it is correct.

One of the defining parts of Otherside is how Bored Ape plans to monetize it. Not only will ApeCoin be the ingame currency but they’re also planning the sale of land tokens. The good news is that land and customizable NFT avatars can be purchased with ApeCoin. So, if you’ve already invested in ApeCoin, you’re good to go! If not, now may be the time to invest.
According to the pitch deck, Bored Ape indicates that “We want to build something that expands the universe of the BAYC, but also invites the larger NFT community (and those priced out of BAYC membership) to join.” This has understandably made fans of NFTs pretty excited, especially when you consider that the ground floor price to join the BAYC is currently around $300,000.

Partnerships and Memberships

The partnership between Bored Ape and Animoca Brands will possibly provide integration with The Sandbox. For those who don’t know, The Sandbox is a mobile game that was initially released on May 15, 2012, by the mobile games studio Pixowl. When Pixowl was acquired by Animoca Brands in 2018, they used The Sandbox’s name to launch a blockchainbased 3D open world game.

Since then, sandboxes have made a name for themselves by selling virtual lots to players. They also got celebrities to promote the game by giving virtual lands to Snoop Dogg and Ritchie Hortin. All of this led to the creation of the Sandbox Metaverse, which is now the alpha version. One player paid an estimated $ 449,766 to become a virtual neighbor of Snoop Dogg.
Does the boring monkey ecosystem do the same? It seems likely. After all, Justin Bieber has a crying monkey NFT that cost him $ 1.3 million. Other prominent fans of Bored Ape NFT include Jimmy Fallon, Paris Hilton, Eminem, Mark Cuban and Shaquille O’Neal. There are rumors that Elon Musk recently bought a Bored Ape NFT, even though he was openly ridiculing the NFT.

Increased interest and rising prices

How much do people are willing to pay to become a virtual neighbor of Justin Bieber and others? Only time is known, but it’s certainly part of the $ 356 million Yuga Labs that wants to raise between two separate land sales in 2022. The Bored Ape ecosystem seems ready to welcome a large number of people. And you can be assured that celebrities are playing their part. Even before the BAYC Metaverse was announced, the Bored Ape NFT collection had sold over $ 1 billion. As the Bored Ape Metaverse is about to be released, these irreplaceable tokens are ready to be redeemed for a much higher amount.

The main goal of the Bored Ape metaverse is to build an overarching platform where ingame skins and minigames can be developed. This could provide a lot of value to Bored Ape NFT holders, who will soon be able to explore everything the BAYC metaverse has to offer. If the Bored Ape ecosystem becomes a proven commodity, it has the potential to become a much bigger environment than other similar virtual spaces.
For instance, one existing metaverse, Decentraland, has had many growing pains. As of 2021, there were only around 1,600 users, and many of these may no longer be active. Despite Decentraland raising $ 26 million in its first coin offering in 2017, the 3D Metaverse has been widely criticized for its long load times and poor moderation. If the Bored Ape Metaverse turned its attention to the blunder of Decentraland’s 3D release, they may have taken steps to make the product better accepted. It is now well known that properties cannot be simply placed in virtual space to achieve them. This means that the BAYC Metaverse needs to provide something of true value in order to keep users logged in.

What to expect

I don’t know exactly what it’s worth, but the teaser trailer alone has hope. The Bored Ape ecosystem seems to offer players a wide range of customizable virtual land options as long as they are willing to shell out ApeCoin. If you’re hesitant to buy a NFT, Bored Ape’s Metaverse may be just right. It’s okay to buy ApeCoin, which has been doing great things lately. This shows consumer confidence in the adoption of the BAYC Metaverse. There is also news that
Yuga Labs has mediated a large deal with Larva Labs. As we now know, this will give the BAYC metaverse access to The Meebits and CryptoPunks NFTs, which used to be owned by Larva Labs. When the deal was announced, a new valuation of Bored Ape came out that placed them at a whopping $5 billion.

Continue Reading

Altcoins

What Exactly Is ApeCoin (APE)? Tokenomics and Current Price

Published

on

On March 16, 2022, the APE Foundation announced the launch of the ApeCoin token. ApeCoin is a currency for culture, gaming, and commerce that the community possesses and can grow, which is governed by the ApeCoin DAO. ApeCoin is controlled by the APE Foundation. APE is a cryptocurrency aimed at boosting the club’s community.

The NFT collection of the Bored Ape Yacht Club (BAYC) will accept ApeCoin as a token. Let’s not forget that the NFT collection of Bored Ape Yacht Club is one of the most valuable by market capitalization. Following its launch in 2021, BAYC by Yuga Labs swiftly earned a reputation, drawing the attention of celebrities such as Mark Cuban, Stephen Curry, Serena Williams, Eminem, Paris Hilton, and others. BAYC will use ApeCoin in its upcoming projects.

How ApeCoin (APE) Works

Each token holder in the ApeCoin DAO will have a vested interest in the organization’s growth. The DAO’s special council (the Board) will be made up of Web3 veterans, along with gaming and technology mind leaders . The Board is in charge of supervising DAO members’ choices. Alexis Ohanian (co-founder of Reddit; general partner and founder of Seven Seven Six), Amy Wu (head of ventures and gaming at FTX), Maaria Bajwa (principal at Sound Ventures), Yat Siu (co-founder and chairman of Animoca Brands), and Dean Steinbeck (president and general counsel at Horizen Labs) make up the initial Board.

ApeCoin will be used in the APE ecosystem as a utility token. Token holders can use the token to buy additional products and services, such as a play-to-earn game developed by BAYC and nWay. What’s more, Animoca Brands accepts ApeCoin in the Benji Bananas game. “Today we’re making the ‘Club’ greater with ApeCoin,” said Alexis Ohanian, a special council member of the ApeCoin DAO, about the release of APE. After that, Alexis Ohanian added: “Every day, Web3 is becoming more and more integrated into our art, music, and culture, and it all begins with community. This community, I believe, will grow, spread, partner, and disrupt in a massive way.”

Token Distribution of ApeCoin (APE) 

The ApeCoin DAO includes a one-of-a-kind NFT with a blue edition of the Bored Ape Yacht Club logo. This NFT transfers all intellectual property rights and privileges associated with the logo to the ApeCoin DAO, whose members can decide among themselves how to use the intellectual property. “The community has been desiring ApeCoin for a long time now,” said Nicole Muniz, CEO of Yuga Labs, “therefore we’re delighted to see it come to life through community ownership.” Yuga Labs will continue to create products and experiences that are full of new ideas and excitement.”

Moreover, Yat Siu, executive chairman and co-founder of Animoca Brands, stated: “Animoca Brands is pleased to tap into the excitement of the BAYC community and make APE purchases available right away in Benji Bananas Adventures,”. After saying that, Yat Siu added the following:”As a special council member of the ApeCoin DAO, I’m happy to have a front-row seat and to support the community as the gaming sector changes along with web3 innovation.”

APE is an ERC-20 token and will be able to be used in four different ways.

1- Governance: The governance token of ApeCoin Dao is APE. The holders of APE tokens have the right to participate in voting on governance decisions.

2- Assembling the way of payment: APE ecosystem has its own utility token, APE, that can be utilized to buy products, items, goods, and services.

3- Access: ApeCoin will also serve as a gate token, allowing users to gain access to particular areas of the ecosystem, such as events and unique games.

4- Incentivise:

By integrating APE into services, games, and other projects, ApeCoin can become a tool that can allow third-party developers to engage in the ecosystem.

Tokenomics of ApeCoin (APE)

The ApeCoin tokenomics haven’t been revealed to the public yet, but based on what is known so far, there will be a total quantity of 1 billion ApeCoin tokens. Their website has information about token distribution. The distribution of the airdrop will be determined by whether the NFT owner owns a Bored Ape or a Mutant Ape, as well as if the NFT is linked with a Bored Ape Kennel Club NFT.

The Token Price of ApeCoin (APE)

The price of ApeCoin on Binance is 7.80$ as of the time I am writing this article.

Continue Reading

Trending

Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.