Metaverse projects has seen impressive growth this year.
Several new projects are lining up for release in 2022.
NEW DELHI (CoinChapter.com) — 2021 saw the rise of cryptocurrencies as blockchains found increased adoption across different use cases. One growing segment is the NFT market, where users can buy, sell or mint Non-Fungible tokens.
Non Fungible Tokens include digital art, videos, images, or other digital units of data that are non-interchangeable. Unlike cryptocurrencies, NFTs are unique and cannot be interchanged or swapped.
2021 also saw the growth of Metaverse, a digital phenomenon that combines AR, VR, online gaming, NFTs, and blockchain technology to create a digitized version of the real world. Facebook Inc. recently rebranded itself as Meta to underline its commitment to bring Metaverse into the mainstream.
The Metaverse is rapidly generating interest from startups and established firms both. Recently, the native token of the Sandbox, SAND, registered YTD gains of over nearly 14,000%. Likewise, Decentraland (MANA), a 3-D virtual reality platform and part of the Metaverse, gained over 4,000% YTD.
SAND and MANA are just two examples of how the Metaverse has attracted investors. Moreover, 2022 has several upcoming metaverse projects that will likely attract some hype.
While existing projects would continue to grow, several investors who missed out on getting into these projects at their infancy would likely be looking for the next idea that goes big.
Upcoming Metaverse Projects in 2022
1. Cross The Ages
Cross the ages is a metaverse game that combines fantasy and science fiction content. It is an NFT-based trading card game set in the fictional realm of Artellium. Though the game is free to play, users can still generate profits. The game has different types of cards with varying levels of scarcity.
As such, the game aims to capitalize on the nostalgic memories of playing with physical trading cards. Moreover, the game would include an integrated NFT marketplace with a unique option for players to get physical cards.
2. Star Atlas (ATLAS)
Star Atlas is another upcoming metaverse project based on the Solana blockchain. It is a next-generation gaming ecosystem that includes real-time visuals, multiplayer games, and DeFi technology. POLIS is a token in the Star Atlas game that primarily acts as a governance token.
Users can purchase digital assets such as ships, crew, land, equipment, etc., in the game. The game might remind users of Mass Effect, a popular PC game.
3. AAG Ventures
AAG Ventures started as a guild of over 2,000 players on the play-to-earn gaming platform Axie Infinity. Currently, the project has expanded into seven developing and under-developed countries in a bit to share economic freedom by way of blockchain gaming and NFTs.
Furthermore, the platform also offers fractional ownership of NFTs, starting with just $1. AAG Ventures also plans to offer performance monitoring and coaching for players, form more guilds, and help players convert their winnings into fiat currency.
4. Raini: Lords Of Light
Raini is another competitive trading card game where players battle against each other using playing cards based on mythical beasts and luminaries of the crypto world. For example, in Lords of Light, artists can create cards featuring Elon Musk, a unicorn, or anything else.
Users can stake their RAINI tokens to obtain ‘rainbows and unicorns,’ used to obtain NFTs. The native token for the game is PHOTON, which players earn by winning battles, completing quests, or renting their high-level cards. The game would be one of the new metaverse projects in 2022 to watch out for.
Bloktopia is a metaverse platform with a 21 story skyscraper in which users can participate in social activities, buy digital real estate, or learn about cryptos. The choice for the number of floors is a homage to Bitcoin’s 21 million capped supply.
Using a builder tool, players can use their VR real estate to create art, obstacles, etc.
Bloktopia uses the Polygon blockchain that helps the game provide cheaper and faster transactions. Additionally, the team has also announced a launchpad for nurturing new projects.
RaceFi is a blockchain-based racing game that includes PvP, PvE, and battle race game modes. The developers chose Solana, a ‘lighting fast blockchain‘ to build the game. Players earn rewards for owning real estate NFTs, like garages, showrooms, billboards, etc.
In addition, for players who like action, the game has customization options for its vehicle to add guns, shields, and NOS fuel to the players’ machines. The customization ideas probably come from the cult movie Death Race.
Many other notable Play-To-Earn NFT-based games would likely hit the blockchain in 2022. Some are currently available and would likely grow more in the coming year. Meanwhile, the total collectibles and NFTs tokens market cap is currently $55 billion.
2022 is likely to see more explosive growth in the NFT and blockchain gaming market.
A Delhi-based Markets writer, I did my bachelor's in engineering with major in electronics and communications. I first heard of bitcoin while writing an article about blockchain technology a few years back, and have been following it ever since. Bitcoin may well be current big thing happening in the finance industry, and it feels like the right time to join the crypto bandwagon.