Several multinational corporations are planning to create a metaverse, a digital world combining virtual reality with augmented reality. Some projects aim to create virtual real estate while others focus on avatar creation. However, the market is still in its infancy, so only a few projects have emerged as viable candidates.
In the past year, there has been a massive increase in the number of blockchain gaming activities. DappRadar, a blockchain analytics firm, says that the number of gaming activities in the metaverse has risen by 2000%. There are now more than two million users of Imagination Land, the virtual playground created by Metazooie Studios. Its team has worked with major brands such as Google, LEGO, and Disney. The company is also attempting to reduce its impact on the environment.
In the metaverse, users can create their own avatars and interact with other users. Avatars can be traded or sold for real-world currency. Some projects have individual players while others are targeting investors. These projects have tokens that can be used to purchase integrated metaverse projects. The coins have a transaction fee but are not known to anyone, as they are divided among the company and game developers. The metaverse coins are listed on major exchange platforms such as Binance and Coinbase.
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The Sandbox is a metaverse platform focusing on gaming. It is based on a 3D voxel style and offers users the opportunity to explore, hunt, create, and earn in an immersive metaverse. Users can buy and sell plots of land, earn non-fungible tokens, and purchase items in the marketplace. This project is currently in alpha testing. Users can earn the ASSET ERC-1155 token, which rewards content creators. They also have the option of earning non-fungible tokens in the Sandbox.
Gala is a blockchain-based decentralized gaming metaverse project. Gala allows users to create a world of their imagination. Its gameplay represents events in the year 2620. It also has a community that makes decisions about the game's direction. The community can buy land, collect resources, and purchase crew members and equipment. This gives citizens political power.
Calvaria: Duels of Eternity is a P2E battle card game. It also includes native RIA tokens that allow players to participate in competitive events. The game also allows players to create their own sets and sets of cards. The project has partnerships with Samsung and the Australian Open. The game also features a native token called SENSO, which is used to purchase items in the metaverse. The company hopes to make its virtual world more competitive for its token holders.
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