The metaverse is shaping up to be the hottest crypto sector on the horizon, and savvy crypto adherents know they need to find the soundest metaverse coins. Some crypto enthusiasts might have already heard about more prominent names like Decentraland or The Sandbox, but what other offerings exist outside of these early movers?
This guide features the top 9 metaverse coins that could fetch ample yields in 2023.
1. Metacade (MCADE) – A community-led arcade – Presale Open Now
Slated to be an innovative new Web3 community for gamers and game developers, Metacade aims to disrupt the blockchain gaming sector. Right now, the project is aiming to merge play-to-earn (P2E) gaming with the metaverse and capitalise on its growing number of daily users.
The Metacade platform is bringing a unique idea to the P2E gaming sector with the world’s first community-built and run arcade. Metacade goes beyond gaming to provide a central hangout for developers and gamers to collaborate or just have fun.
While a lot of other metaverse projects only focus on a single game or concept, Metacade is establishing itself as a multi-game arcade. Aside from games, it also has plenty of other metaverse features, including rewards, tournaments, prize draws, and NFT collections. Metacade could also integrate itself into multiple metaverses by hosting its arcade on digital land in places such as the Sandbox and Decentraland once these projects are more developed.
Metacade’s native token (MCADE) will be at the centre of the project. It can be used for staking, as a payment method, and as a governance token for making big decisions within the Metacade platform. It’s particularly important since MCADE will be used to determine which projects get funding via MetaGrants and add to the platform’s game catalogue.
Taking all that into account, the MCADE token takes the number one spot for having the greatest potential for explosive growth in 2023.
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2. Decentraland (MANA) – Buy and Invest in Web3 Land
The concept of Decentraland is a virtual metaverse space owned by its users. Today, Decentraland’s MANA token trades on large exchanges and can be used to purchase LAND tokens. These tokens are the utility token for the game, which gives users access to virtual land. Once land is purchased, users can build almost anything they want. Holders of virtual land have hosted games, set up parlours, and created neighbourhoods with other landowners.
The metaverse is a big opportunity for marketing and can be used for different types of social events. Record labels and recording artists have already shown interest in hosting virtual concerts, and some of those have already happened on a small scale. At the peak of the crypto market in November 2021, Decentraland saw a record land sale of $2.4 million. With all this growth and more expected, Decentraland takes the number two spot.
3. The Sandbox (SAND) – A Web3 Standard-Holder
The Sandbox is another project that’s focused on owning and creating a unique Web3 space. Like Decentraland, the project has the first-mover advantage and initially saw a surge of visitors. The project sees the long-term potential for virtual land and wants to reward those who see it too. Players can create anything they want in The Sandbox through land ownership and creativity.
The Sandbox topped Decentraland’s record in December 2021 with a $4.5 million land sale. While the value of SAND has been flagged during the recent bear market, it still has plenty of potentials. All of this makes the platform’s native coin, SAND, something to look out for.
4. ApeCoin (APE) – The Big Winner of the NFT craze
ApeCoin is a community token created in conjunction with the Bored Ape Yacht Club NFT collective. The Bored Apes were an NFT phenomenon, and total sales for the collectibles have now surpassed $2 billion. Crowds of celebrities and crypto leaders have snapped up an Ape for their Twitter avatar. With so much momentum, the project is sure to have a big presence in the metaverse.
Shortly after the launch of ApeCoin, BAYC developers Yuga Labs announced the launch of its metaverse platform Otherside. The platform’s coin APE is required to buy virtual land in the BAYC metaverse. APE is governed by the ApeCoin DAO, and holders will help to govern what’s next, controlled and built by the BAYC community.
5. Alien Worlds (TLM) – Colonise Planets in Web3
Alien Worlds is an NFT Metaverse game set in 2055 where you can play to colonise other worlds. With each new planet, players encounter unique digital items in the form of NFTs and the chance to earn Trillium (TLM). Trilium tokens can be staked to different planets to vote in upcoming Planetary elections and increase the Planet’s reward pool.
Alien Worlds also has a series of NFTs called Land, which represents parcels of land on the different Planets in Alien Worlds. Land ownership is another feature, and you can either mine it yourself or charge others a commission for doing so. Alien Worlds is one of the largest metaverse games and is riding high in the rankings.
6. PlayDapp (PLA) – the Metaverse gets more Social
PlayDapp is a platform that hosts blockchain games and allows interoperable NFTs to be moved to different chains and games. The project’s game collections are available on the Galaxy store, Google Play, or a web browser. The PLA token acts as the primary token for processing user transactions. PlayDapp operators or developers receive PLA for each in-game purchase or trade.
PlayDapp is already targeting the metaverse and has launched and commercialised its new metaverse platform ‘PlayDapp Land’ on Roblox. The PlayDapp team consists of 70 veteran developers, and designers with leader groups who have 10 to 20 years of experience in the PC online & mobile gaming industry. A recent PlayDapp and Mikey NFT collection sold out in just three hours. With such a team and such a history, we’ve got our eyes on PLA.
7. Radio Caca (RACA) – Home of Mars3 Metaverse
Radio Caca is home to the United States of Mars 3D Metaverse, the popular blockchain game Metamon World, NFT marketplaces, and more. The USM Metaverse is made up of many regions called “states”, and each state has different characteristics. Within these states, you can go to concerts, galleries, and other live events. Metamon World is a collection of over 500,000 NFTs to hatch, collect, train, and battle with other players in an exciting play-to-earn theme.
The NFT marketplace on Radio Caca is where you can find the USM and Metamon collectibles and trade them. These and other projects use the native coin RACA. There are only two gaming titles at the moment, but that may grow in the future.
8. MagicCraft – Fantasy role-playing
MagicCraft is a lesser-known project that rewards investors with its role-playing game. MagicCraft is a multiplayer PvP MOBA (Multiplayer Online Battle Action) blockchain game built on Binance Smart Chain. Players can get involved in a fast-moving single-player game or multiplayer battles and earn the MCRT cryptocurrency.
The MCRT token can be staked to earn rewards based on the holding time. The project roadmap has plans for tournaments with the MCRT crypto as a reward. The project already has a strong following, with 115k in its Twitter community.
9. Ceek – Enjoy and plan virtual events
CEEK is different from our final token in the list of best metaverse coins. The coin has its virtual reality headsets for sale and wants to connect musicians and sports stars to virtual fans. The project’s partnership agreement with Universal Music Group will grant rights to live performances with artists including Katy Perry, U2, Sting, and more. CEEK wants to be the future of music streaming incorporating NFT ownership as part of the model.
CEEK will enable content creators to monetize their work with its patented award-winning virtual events streaming platform. It will unlock a lucrative revenue stream for artists and content creators, who will be paid in CEEK tokens. Payments will be received fast and seamlessly through blockchain technology. CEEK Token holders can participate in virtual reality celebrity concerts, award shows, tech talks, sporting events, classroom learning, and more.
Why the Metaverse?
The metaverse is the next big thing for the cryptocurrency industry following the major success of NFTs. Gaming NFTs accounted for 20% of all NFT sales in 2021 at $4.5 billion, which could rise further once the metaverse gaming community grows. The 2021 rebranding of Facebook to Meta is another big deal, with the Silicon Valley giant planning to spend billions to attract visitors. A report by Bloomberg said they expected metaverse revenues to hit $800 billion by 2024.
Metacade manages to encapsulate the best aspects of all the projects mentioned above. And with the right selection of games, Metacade could easily prove to be a hot metaverse destination for gamers and game developers. As such, there is a good chance the MCADE token is set to take off and go to the moon as the Metacade platform grows to become the cornerstone of Web3 gaming.
Early Metacade token holders can stake their MCADE tokens to earn a share of the project’s proceeds, which will be a big deal when the project reaches its full potential. A lot of crypto projects offer an annual yield, but there are few offering real payback to the community. This makes it a great incentive for holders and gamers alike.
P2E gaming has been one of the hottest cryptocurrency sectors over the last year, and soon the race will heat up for the best metaverse game and gaming hub. Metacade’s multi-game setup is tapping into that trend and provides a thriving community for gamers and developers to earn rewards for gaming and creating.
You can participate in the Metacade pre-sale here .
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