We’re still in the middle of a period of transition, which is both exciting and challenging. While modern technology is still in its infancy, countless remarkable initiatives are gaining traction and providing opportunities that may significantly impact your life.
You need not worry; there is still a chance for you to enter the Metaverse. If 2023 is the year you decide to join the Metaverse, here are the top ten Metaverse marketplaces to watch.
My name is Almira Lopez; I act like a CMO and think like a boss. I’m a Metaverse marketing strategist, and this is the best place for you to learn about Metaverse and how to market it all. So if that sounds good to you, you’re excited?
So, let’s get started!
Top 10 Metaverses Like Decentraland and Second Life
1. Decentraland (MANA)
When it comes to virtual social platforms in the Metaverse, few can compare to the success of Decentraland. Decentraland is the largest cryptocurrency in the Metaverse and the first decentralized online environment. The Decentraland Metaverse is powered by the DAO’s smart agreements, particularly the LAND agreement, which facilitates the trading of digital come down on the network. Users of Decentraland can earn money from their LAND by advertising it or adding games and other features. The native token of Decentraland, MANA, can purchase LAND, accessories, characters, names, and more from the marketplace.
2. Second Life
Metaverse City in Second Life markets itself as a “welcoming role-play community” with drop-in, drop-out immersive experiences. Gownder claims that this area is dangerously insecure. “Going to work in a bar, which is fine, but some of these more general virtual worlds are not dedicated platforms for work.” Second Life, created by Linden Labs and released in 2003, was called “an emerging metaverse” by Resnick.
3. Somnium Space
In Somnium Space, users can buy virtual land to construct homes and buildings. The entire virtual reality environment is open-source, blockchain-powered, and shaped by the users themselves.
The land in this game is virtual, so players can buy it and do whatever they like. The opportunities and payoffs for proficient users are practically boundless, whether the venue is a nightclub, an art gallery, or a home.
Also Read: Best Metaverse NFT Projects
Voxels, formerly known as Cryptovoxels, is one of the simplest blockchain-based virtual worlds to enter and create. Exploring the world is as easy as clicking a URL; no special software or hardware is required.
Players can explore and have fun in Voxels without owning any land there. Each piece of land is an NFT, which means it is unique and cannot be recreated or duplicated, just like real estate.
Each land token in Voxels corresponds to a unique set of coordinates on the Voxels map. Their worth is typically determined by their location with other properties, the height of surrounding structures, and centrality. The land is also available for lease in Voxels.
5. Axie Infinity
Axie Infinity is a blockchain-based Metaverse game. It has animal-like avatars and various play options that have shocked people worldwide. Some gamers have made six figures just doing what they love to do. Many citizens of Axie are employed full-time.
Two of Axie’s native currencies, AXS and SLP, fuel the concept of the Ethereum Blockchain Metaverse. There’s a specific function for each participant. AXS is used as the management token. Regarding changes and the treasury allocation, AXS shareholders have a say. The price of AXS, one of the most popular coins in the Metaverse, increased by a whopping 200% in 2021.
6. NFT Worlds
NFT Worlds consists of more than ten thousand virtual worlds that can be found in this collection, all hosted on the Ethereum blockchain. Each world is an infinite space where the user’s creativity can run wild.
After Microsoft banned NFTs, the game was no longer built upon the Minecraft platform. Since Microsoft’s decision in July 2022, the game’s developers have been working to rebuild the game using their infrastructure.
Mods and custom experiences made by players are encouraged. The community has developed games like RPGs, tower defenses, and FPSes.
You can use the play-to-earn mechanisms to earn WRLD and other rewards from NFT Worlds.
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 trade virtual goods freely. In addition, the Gala features a selection of social games built on the Blockchain, focusing on fostering user relationships. Games like Crawler Tank, Town Celebrity, Mirandus, Fortified, and Mirrors of Empire can all be found now.
One of Blockchain’s many strengths is the amount of freedom and ownership it gives its users. The game’s native electronic token, GALA, is used for nearly every aspect of the system, including network management, node driver incentives, and rewards. Gala is also used in gaming and game stores to purchase digital goods like NFTs. Gala users can create and customize their characters like in other Metaverse Blockchain-based games.
HELIX is a gaming metaverse platform in a replica of New York City called Parallel City. Players can purchase various residential structures in the game as their home base.
There have been early comparisons made between the GTA series and HELIX. It’s a free-roaming open world packed with weapons, vehicles, law enforcement, bad guys, and objectives. Blockchain technology also allows for true ownership, which facilitates the trading of digital assets on secondary markets.
9. Enjin Coin (ENJ)
The Metaverse community has taken an interest in Enjin, a Blockchain-based platform. The Enjin token is an ERC-20 token built on the Ethereum blockchain and can be used to buy virtual items and increase the value of the virtual property. The native energy currency of the platform, known as ENJ, can also be used for advertising and buying digital products. A marketplace for buying and selling is also available on the Enjin platform. This allows players and developers to confidently buy and sell items on the market without fear of being scammed. Specifically, Enjin is a service that makes it simple to use Ethereum symbols for fungible and non-fungible game assets.
The NetVRK project aims to provide users with a rewarding virtual reality (VR) ecosystem where they can create their own VR experiences with little to no technical expertise.
To elaborate, NetVRK is a metaverse platform that provides users the means to make, distribute, experience, and profit from virtual content. Built around virtual property ownership, these worlds are designed with entertainment, learning, and digital workplaces in mind.
NetVRK’s primary objective is to build a decentralized platform for creating, exploring, and modifying virtual reality (VR) experiences at any user level for both consumer and commercial applications. The NTVRK token is the main cryptocurrency in the NetVRK ecosystem.
Comparison Between Decentraland and Second Life
Even ignoring that one is a decentralized world and the other is a virtual one based on an intermediary, their usage patterns are distinct.
SecondLife was operated as a for-profit venture and is most appropriately classified as a video game. Most video games bomb out early and spectacularly. The survivors are only good for a short time. Users were looking for a dramatic response from the system. Those who were down in the dumps, lonely, dissatisfied with life as it existed, etc. This was the cause of its demise.
However, the potential for construction and growth in Decentraland is much higher. While the third layer will undoubtedly improve with time, it already provides far more control and potential than randomly placing blocks in Minecraft.
On Decentraland, you can create functional businesses. The DAO’s decentralized nature allows it to evolve in response to feedback from its user base. Those engaged in Decentraland in any capacity are not looking to be overwhelmed by strong feelings or sensations. They have a long-term perspective and are optimistic about the future. No one visits Decentraland to immerse in a visual and sensory environment completely. Good thing, too, because it’s not exactly Assassin’s Creed right now. They aren’t even thinking on the same plane as us. Users create and trade physical goods, make claims, and take calculated risks. As a result, only the most elite citizens are likely to be interested in Decentraland. The virtual world of SecondLife is completely bomb-proof. You can put down roots and launch a business in Decentraland. There is no need for a storefront, farmland, storage space, etc. The contrast is striking.
One can conclude that if “Second Life” represents virtual world version 1.0, then Decentraland, which is powered by blockchain technology, represents virtual world version 2.0. Decentraland has the potential to do everything that “Second Life” does today. What Decentraland offers, however, “Second Life,” cannot be because the reasoning behind it is different.
The current state of Decentraland’s user interface could be more robust and more modern. However, as Decentraland grows, the benefits of the blockchain-based virtual world will become increasingly apparent.