Are you searching for the best metaverse coin projects? You’ve got them here now. Finding crypto tokens with a fundamentally strong project can be quite a headache. You might have to go through the whitepapers to ensure the project is not a scammy one and has everything to back its claims.
Here’s a list of the 6 best metaverse projects in which you can invest your money. These projects have the most potential out of the many we analysed. You can also check out the most profitable crypto projects in 2023.
Read to learn more about the potential gainers in the crypto industry this year.
Also read: Shiba Inu Price Could Quintuple If It Holds This Support Level
6 Metaverse Projects to Invest in 2023
#1 Fight Out (FGHT)
Fight Out is a fitness-focused metaverse that leverages Web3 technologies and the move-to-earn concept. It aims to revolutionise the fitness industry by incorporating transparency and efficiency through blockchain technology. With over $6 million raised in the presale that concluded last month, it shows the project’s potential.
Also, people are interested in the project due to the newly introduced fitness-rewarding features. The platform offers a unique fitness application that tracks your workouts and rewards you based on your performance and completion rate. Unlike other fitness apps, FightOut personalised the experience to each user’s goals and abilities.
While previous move-to-earn platforms have shown potential, they struggle to retain users due to usability issues. Fight Out tackles this by providing flexible exercises and the option to compete against oneself or others. The ecosystem operates with two tokens: FGHT for metaverse purchases and REPS for in-app purchases.
#2 Decentraland (MANA)
Decentraland (MANA) is a well-established metaverse project that has been developing since 2015 and officially launched in 2017, giving it a significant advantage over other metaverse platforms. Users can create virtual avatars, interact with others, and explore virtual worlds within Decentraland.
They can also purchase virtual land parcels using the platform’s native cryptocurrency, MANA. With a market capitalisation of nearly $900 Million, Decentraland is a prominent player in the metaverse space. Decentraland allows users to own virtual real estate; Some plots have sold for over a million dollars.
The project is backed by the MANA token, which has grown significantly from $0.025 in 2018 to $0.47 currently. Despite market fluctuations, Decentraland remains popular and has gained attention due to the NFT craze. The platform offers NFT showcases and the ability to buy virtual land and create digital assets and games.
#3 Metahero (HERO)
Metahero is a newly launched metaverse project that focuses on creating high-quality avatars of real-world objects and individuals by utilising 3D scanning technology. The company has established a scanning chamber in Doha for this purpose and partnered with Wolf Studio to achieve its goal.
The platform has its native token, HERO, with a market cap of $16 million as of May 17. Despite its relatively small market cap compared to other tokens on the list, it is worth noting that the project is still in its early stages.
The one-year performance of HERO has been poor, with the token having lost almost all of its value. However, the recent partnerships with Everdome, another metaverse project founded by Rob Gryn, could help revive Metahero. If all goes well for the project, we’ll see a price boost soon.
#4 DeeLance (DLANCE)
DeeLance is an innovative decentralised freelancing platform integrating a metaverse and its native cryptocurrency, $DLANCE. The platform aims to seamlessly connect freelancers with employers, offering virtual waiting areas and workspaces within the metaverse for interaction. It is destined to be one of the most successful projects because of the ever-growing freelancing industry.
Users can utilise $DLANCE tokens to rent workspaces, advertise services, and make marketplace purchases. During the ongoing presale phase, $DLANCE tokens can be acquired for $0.033 USDT, with the value projected to increase to $0.057 by the end of the presale.
Upon reaching the presale goal of $6.8 million, $DLANCE tokens will be available on various crypto exchanges in Q2 2023. $DLANCE tokens serve multiple functions within the platform, including buying and selling NFTs in the marketplace. Blockchain technology ensures secure transaction recording, with smart contracts and escrow payment services facilitating timely freelancer payments.
#5 Battle Infinity (IBAT)
Battle Infinity (IBAT) is a promising metaverse crypto coin that has gained attention since its successful presale, raising over $5 million. It trades on various exchanges and offers an attractive entry price. Battle Infinity aims to create an immersive fantasy sports gaming metaverse called the “Multiverse.”
Users can earn rewards by selecting a team of players from their preferred sport, such as soccer or cricket, and earn based on their real-world performance. The platform also plans to include a decentralised exchange (DEX), staking tools, and other play-to-earn games.
Despite its current market capitalisation of $2.5 million, Battle Infinity holds significant potential for long-term metaverse investors. The project is in the early stages, with several phases yet to be implemented, including the IBAT Premier League soccer management game, an NFT marketplace, a Battle Arena, and NFT land contracts.
#6 Calvaria (RIA)
Calvaria is a new metaverse project that has caught the crypto community’s attention. It offers a play-to-earn battle card game that takes place in the afterlife. Players can use their NFT battle cards to compete in tournaments, earn rewards, and upgrade their cards to become the ultimate force on the battlefield.
The game offers different modes to cater to players with different preferences. Calvaria offers free-to-play and play-to-earn game modes to avoid high entry barriers, allowing all players to participate and benefit from the game’s blockchain technology.
Calvaria raised over $3 million in the presale, which shows the potential of this project. The current price of its RIA token is less than $0.001, but looking at how the project performed when it was launched in February this year, it can still recover to give off a significant profit.
Frequently Asked Questions
How Is Crypto Used in the Metaverse?
Cryptocurrencies are essential in the metaverse, enabling in-game transactions, virtual land ownership, and the creation and trade of NFTs. The future may also bring DeFi apps and crypto-based virtual economies, allowing users to manage digital assets and engage in economic activities without leaving the metaverse.
Is It Worth Investing in Metaverse Crypto?
Yes and No. Metaverse projects have unlimited benefits, offering a space for anyone to explore and create whatever they want. But on the upside, the coins of these projects highly depend on the user base, and if the Metaverse isn’t appealing and updating, the coin’s price can also plummet.
Are There Any Other Potential Metaverse Projects That You Can Explore as Well?
Yes, there are multiple other projects that you might like. During our research, we also found Tamadoge, Meta Masters Guild, RobotEra, The Sandbox, and ApeCoin (Otherside Metaverse). You can also check these out, as most of these are new and can also explode in the future.