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The metaverse, a topic that didn't really get traction until October 28th, when Mark Zuckerberg declared that Facebook would be rebranded as Meta, leading the price of anything metaverse-related to rise. Domains in the Metaverse are being sold for tens of thousands of dollars.
Even before that, a metaverse domain sold for $175,000 on eBay. After this news, metaverse equities and cryptos increased by three to five times overnight, and metaverse properties and cruises are being sold for hundreds of thousands, if not millions of dollars.
And whether you agree with any of this or not, I believe the metaverse is an area of investing that we should pay more attention to, which is why I spent over 12 hours researching the best metaverse cryptos that have a chance to grow by 5, 10, or even 100 times by 2022.
That's why, today, I'm going to share with you the top five that I discovered during my study, and be sure to read all the way to the end because I saved the best for last.
Criteria that I use
So, where do you start when looking into metaverse cryptos? Because there are so many different projects to choose from. And so I took the plunge and began my experience on Coin Market Cap. I went to the metaverse tab and categorized the market capitalizations from largest to smallest.
And I decided to go for anything with a market cap of less than $300 million. I also looked for initiatives with more than a 50% circulating supply of their currency. Only the last two of the five truly meet that requirement.
The reason I looked for anything with a circulating supply of more than 50% is that it reduces the risk of the investing team dumping all of the coins on the investors. However, even though I didn't identify any initiatives that met those requirements, I still believe there is a lot of opportunities here.
Because the information I'm discussing today is accurate as of the time of writing this post, I highly encourage checking out these initiatives on Twitter. However, as time passes, it is likely to change.
Crypto Project #5
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| pic credit: Rationalinsurgent |
Mines of Dalarnia, ticker symbol DAR, is the first project on the list, with an 800 million circulating supply. And just around 15% of it has been made public. And this project, which began in 2021 and currently has a market worth of roughly $275 million.
It's an action-adventure game that blends the dungeon-crawling and mining genres. There are two types of players in the game: miners and landowners. Miners are characters who mine the dungeon and their own land, as well as rented land.
Renting is done with the game's Dar token, which is also used for all purchases in the game, as well as the Dow token. Miners will be able to mine minerals or different tiers of dungeons from various levels and types of dungeons. The game is still in its net alpha testing phase, with a release date set for Q1 of 2022.
Why do I enjoy this game so much?
I believe it has a lot of potential for passive revenue because you can not only rent your land but also mine for Dar tokens on it. You can not only mine Dar, but you can also stake the Dar you mine on multiple planets, allowing you to earn even more passive revenue.
And the reason I like it, even more, is that by staking your Dar, you're effectively locking it up, reducing supply, and hopefully increasing demand. And I enjoy all of the passive income layers in this game because I believe the utility will keep people coming back. Last but not least, this project will have land sales sometime between now and the end of the year, so keep an eye out for that as well.
Crypto Project #4
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Netvrk, ticker symbol NTVRK, is now at number four on the list, with a market worth of 121 million. So, it has a lower market capitalization and a circulating supply of a hundred million coins. The company has now released 31% of its tokens.
This project was also launched this year. This game allows you to generate in-game assets that may be minted as NFTs, and it already has a number of connections with Blockchains including Void, Sidus Heroes, and others. The token will now be utilized for all in-game purchases, including buildings, land, and land parcels themselves, which are now being sold.
Crypto Project #3
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| pic credit:wilderworld.com |
Wilder Worlds, with the ticker symbol WILD, is now number three on the list. And this is a project that I came across while doing research for my land investment. Wild now has a market capitalization of just over $300 million.
So it's barely outside the boundaries I was looking for to buy in, and it's already issued 15% of its circulating supply of the 500 million tokens it started with. Wilder World is now an artist's Dow and a liquid NFT marketplace, with built-in platforms like the Artist's Guild, a network community for artists that help them collaborate on ideas and projects.
It also features a Mint Factory component, which allows digital 3D artists to design, mint, and drop NFTs. And I believe that 3D art and NFTs have enormous potential.
Why am I so interested in this project?
It's because it's basically a Miami-sized universe from the Ready Player One franchise, built on Real Engine Five, with usable, traded NFTs. The latter two are both relatively minor market cap bets. Both have a market capitalization of less than $20 million
Crypto Project #2
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Deep Space coin, ticker code DXO, is ranked second, with a market cap of $15 million and a project that debuted this year. This project is now available for purchase on Uniswap, and while it has a 1 trillion token circulating supply, 68 percent of it has already been distributed.
It's also a project that claims to be the first to earn the Blockchain Universe, in which you can conquer new areas in undiscovered realms. And they appear to be nearing the finish of the first of their three-part roadmap.
The second section of the roadmap outlines when they will introduce NFT. The third section will include land sales as well as VR capabilities. I couldn't locate any specific dates for this project, but it appears to be really interesting. And I'll be sure to keep an eye on Discord and Twitter.
Crypto Project #1
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| pic credit: coingecko |
Equilibrium Games, ticker symbol EQ, is last on the list and my favorite project on the list. It launched in October of this year and has a market cap of little under 20 million dollars. There are just a hundred million tokens left in this project, and half of them have already been distributed.
As a result, I predict the value of this token to skyrocket as its utility grows. It will have a mobile component that will be available in Q1 of 2022. It will be a massively multiplayer online role-playing game (MMORPG) similar to World of Warcraft or League of Legends, and it will be released at the end of 2022.
They'll now have land for sale, with features that will generate passive revenue. One of these aspects is that landowners will receive taxes from those who slay monsters on their land.
Now I'd like to know what metaverse projects you're actively focusing on, or which ones you're considering based on this article.
Disclaimer: This is not financial advice. Please conduct your own investigation. I'm not advising you to do anything. Nothing I'm doing is sponsored, and everything I'm doing is on my own initiative.