The updated stats are today we have 43 Metaverse platforms. And 127 more platforms are in under development.
Decentraland is one of the most popular social virtual platforms in the Metaverse.
The Sandbox, Decentraland, Axie Infinity, Shibaverse are ApeCoin are the top metaverse platforms.
What started just as a concept in the gaming industry has expanded into its 3D universe, called the Metaverse. And every company in the tech and entertainment industries would do anything to get their hands on it.
The digital age we are entering is surreal. Artificial intelligence and augmented reality, for example, have become widely adopted.
The term “metaverse” describes a world that does not exist but can be seen and experienced by users thanks to the nature of virtual reality. Whether you want to know what it’s like to live in the Amazon jungle or Ancient Egypt, you can do so with just the click of a button.
Recent market research indicates that the global market for AR/VR will grow from its current $2.6B in 2018 to nearly $815B by 2025.
How many metaverse are there, and how many metaverse users are there? There are far more in the development phase than you might think. Therefore, the precise answer to the question “how many metaverse platforms are there?” is not possible, but we can safely assume that the number is significantly higher than 10,000. This blog post will go over the top 10 popular metaverse platforms. Let’s take a look at it together.
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Top 10 Leading Metaverse Platforms to Watch Out for in 2023
- Decentraland (MANA)
- Sandbox (SAND)
- Second Life
- Axie Infinity
- GALA (GALA)
- Hyper Nation
1. Decentraland (MANA)
In 2015, Decentraland was established in Argentina by two friends: Ari Meilich and Esteban Ordano. Land parcels, the platform’s digital equivalent of physical land, can be purchased for a minimum of $13,000. Since the platform’s launch in February 2020, land prices have increased exponentially. Being one of the first popular Metaverse platforms, it has worked with the Australian Open on the AO Art Ball project.
Users can publish, engage with, and earn money from this platform’s content and applications. Users can also buy plots of land in the Metaverse, which they can use to travel to, build on, monetize, and for metaverse marketing. The land is in short supply, and through Decentraland DAO, only the community can generate new parcels. Users can merely drag and drop components into place using the platform’s builder tools. On their property, they can develop their 3D models.
The virtual world of Decentraland is home to a gaming community, with its 90,601 individual plots of land, each represented by an NFT. Users can only make purchases using Decentraland’s native token, MANA. Despite this, the land is also a tradable commodity on Opensea.
It’s the first Web 3.0 social app to reach 1,000,000 users. Uhive, which is currently operating incognito, is a social network in the Metaverse. When the physical and digital worlds finally merge, it will be in the Metaverse, the Internet of the future. Users can access Uhive in the same way they would access any other social media platform, but with the added advantages of unrestricted expression, the ability to make money through the creation and sale of digital assets like NFTS, the trading of virtual real estate, the invitation of others to join Uhive, and more.
If you’re into fantasy football, check out Sorare, one of the first NFT-based games. Cards can be traded and played for a realistic gaming experience.
Like in football fantasy, Sorare requires players to select a starting lineup based on the cards they have amassed. A player’s squad will level up with each tournament they participate in, gaining rewards that can be cashed in for real cash.
Creating an account on Sorare is straightforward. Users only need to generate a unique, secure login name, password, and verifiable email address. After signing up, users gain access to free collectible cards that can be used to form a team on the Ethereum blockchain.
Players can use these cards for more than just managing teams; they can be tokenized and traded amongst themselves on the Ethereum platform. Starkware’s technology is integrated into the platform as well to ensure scalability.
Numerous sports teams have signed on as Sorare’s sponsors. It has a large sports-related fanbase and counts French footballer Kylian Mbappe as a brand ambassador and investor.
Also Read: Creative Metaverse Start-up Ideas for Entrepreneurs
4. Sandbox (SAND)
Regarding virtual currency, Sandbox is second only to Virtual Reality’s VR Coin in widespread use. The value of its native SAND coin has increased by 1,670 percent in the past few months, making it more successful than Decentraland. Just like Decentralnd, the Sandbox is built on a DAO framework. They say that the Sandbox, like Decentralnd, is built on Ethereum. The idea behind this blockchain is that smart contracts can be created using digital real estate and other assets. This blockchain was designed to streamline the process of smart contracts involving virtual property and other digital assets. Polygon’s layer 2 alternatives are gradually replacing the SAND token in the Sandbox because of their lower transaction costs and faster processing times. Anyone can use the Sandbox platform to create, own, and distribute games on the Ethereum Blockchain. Players can create non-fungible tokens (NFTs), publish them, and then incorporate them into games by well-known developers.
5. Second Life
Metaverse City in Second Life markets itself as an “open role-play community” with drop-in and drop-out experiences that allow for complete immersion. If you ask Gownder, it’s a pretty unsafe area. “Some of these more general virtual worlds are like going to work in a bar, which is okay, but they’re not dedicated platforms for work,” says one critic. Second Life, developed by Linden Labs and released in 2003, was called “an emerging metaverse” by Resnick.
Like other Metaverse sites like Second Life and Minecraft, Roblox lets users play games created by other Roblox users. Roblox stands out from the competition because its users make all the games. More than 20 million games are currently available on the platform its users created. Some game creators can earn $1 million annually from sales of their games alone.
Both the platform and the available games can be obtained without cost. Yet, users can buy virtual goods within the games themselves. There are a wide variety of user-purchased items, such as cosmetic skins and weapon enhancement packs. Adopt Me! is a game where players take on the role of the pet parent. A player in the game can purchase an egg and hatch it into a pet.
With the introduction of spatial voice chat, Roblox has taken a significant step toward creating a Metaverse. This can improve virtual conversations and more closely resemble actual ones.
Also Read: How Many Metaverse Projects are There
7. Axie Infinity
The Axie Infinity platform hints at the nature of the Metaverse it will offer. In this strange world, you will encounter flying robots, mutants wielding hammers, flying animals, and a wide variety of other bizarre creatures. As you go down, the mood abruptly shifts to something completely different, thanks to the medieval banners.
Axies are the fascinating inhabitants of Axie Infinity, a virtual world where they are the dominant species. Players can care for and employ them in the battle to further their goals of building, expanding, or defending their world. At first glance, the universe seems like any other massively multiplayer online game, with new players completing tasks to level up and experienced players starting battles and declaring hostilities to claim their wealth.
The blockchain economic design of the Axie platform is what sets it apart from more conventional games; players can use it to create complex and interdependent economies. Players gain rewards and potential resources with real monetary value as they progress through the game and take advantage of the open economic system the game employs.
8. GALA (GALA)
By combining the thrill of e-sports with the benefits of non-fungible tokens, Gala is a blockchain-based e-sports platform that allows gamers to exchange virtual goods freely. Gala also features a selection of social games based on the blockchain, focusing on fostering communication and bonding among users. Games like Crawler Tank, Town Celebrity, Mirandus, Fortified, and Mirrors of Empire can all be played right now. One of the many strengths of the blockchain task is the amount of freedom and ownership it gives players. The game’s native electronic token, GALA, is used for nearly every aspect of the system, including network management, node driver incentives, and rewards. In addition to being used in the gaming industry and game stores to purchase wares like NFTs, the Gala is a common method of acquiring electronic goods. Like in other Metaverse blockchain-based games, Gala players can create and customize their characters.
9. Hyper Nation
Hyper Nation is a democratic and equitable economic system supporting a decentralized ecosystem. Here at HyperNation, they’ve made it their mission to build a perfect society. They take the many insights from the blockchain industry, dissect what makes it tick, and fine-tune it so that your ideal Life in the Metaverse can come as close to being a reality.
Also Read: Top 10 Companies Working on Metaverse Projects Worldwide
To create its 3D virtual objects, Illuvium, a blockchain-based play-to-earn game, uses the Unreal Engine 4 platform. Illuvium is a collectible token and auto-fighter MMORPG released in 2020 by brothers Kieran and Aaron Warwick.
This system allows users to enter a virtual world and interact with characters known as “Illuvials.” These Illuvials are tokens that can be traded on the Ethereum network. Users can chat with other members, mine for resources, and earn rewards involving these fantastical beasts.
Tokens of ILV and SILV, awarded to players for success in battle and used to fund exploration, are the primary means of monetary compensation. Illuvium, like Axie Infinity, focuses heavily on customizable fighter avatars. While Illuvium provides a conventional 3D gaming experience, Axie Infinity provides a novel 2D gaming experience.
Future of Metaverse Platforms
Where will metaverse tools go from here? More multinational corporations will almost certainly enter the market shortly. Web2 businesses are increasingly eager to stake their claim in the web3 industry. But more than backing from major brands are required for metaverses to become ubiquitous. The goal is to convince those who aren’t familiar with crypto to make the switch and to provide platforms that are both accessible and compatible. It’s still possible for businesses and individuals to carve out their niches on the Internet and create their metaverses.