Ever since Meta announced its big bet on the metaverse, investors have been looking for the best metaverse tokens to buy. Now’s the time to take advantage of the massive wave of investment that this industry will see over the next few years. With so many promising projects out there, finding the ones with the greatest potential can take considerable time and effort.
1. Metacade (MCADE) - The Best Metaverse Token to Buy in 2023
Metacade is one of the hottest new metaverse projects hitting the scene. It’s a community-centric platform that aims to be a one-stop spot for everything around play-to-earn and metaverse gaming. In the Metacade, you’ll be able to play exclusive games, link up with like-minded gamers, and discover how to maximise your income in the metaverse. Metacade even has plans to fund the next wave of play-to-earn and metaverse titles!
Part of Metacade’s goal is to create a central hub while maintaining decentralisation through community ownership and user-generated content. That’s why you’ll find reviews, alpha, and leaderboards on the platform that allow anyone to find their place in the rapidly-evolving space.
To encourage users to share their thoughts and expertise, Metacade offers MCADE tokens to players who post reviews and tips on the platform. Users don’t have to be experts to earn though. Whatever your experience level, you’ll be able to earn for your role in contributing to the community. There are also prize draws, tournaments, and even casual testing gigs that offer you an opportunity to put some extra cash in your pocket while having fun in a dynamic community environment.
One of the features attracting the most attention, however, is the Metagrant funding tool. Metagrants offer financing to the best play-to-earn and metaverse games by allowing developers to enter their ideas into a pool of dozens of competing projects. The idea that wins the most votes from the community is allocated funding from the Metacade treasury to help kickstart the game’s development. Eventually, Metacade aims to offer all of these community-backed titles in its virtual arcade for the entire world to play.
Given Metacade’s plans to be the ultimate Web3 gaming platform in one of the fastest-growing industries on the planet, MCADE is the first choice as the best metaverse token to buy in 2023. With Metacade gaining steam and expected to be a hub for Web3 gaming, MCADE has nowhere to go but up. It’s an even better investment opportunity when you consider that Metacade is still in presale, meaning you have a chance to get in at the start of what could be the leader of metaverse gaming.
>>> You can participate in the Metacade presale here <<<
2. The Sandbox (SAND) - An Open World With Some Big Name Brands
The Sandbox is one of the most advanced metaverse projects you can find on the market today. In The Sandbox, you’ll find immersive experiences and games built by other players using the game’s powerful design tools. These experiences are found on user-owned land, which is bought and sold with the SAND token. Owning a parcel of LAND gives you the right to build whatever your heart desires, whether that be a theme park, stadium, or an entire game complete with multiple quests.
In fact, each digital asset in The Sandbox is stored on the blockchain, giving their owners provable rights to trade and even copyright their creations. For instance, unique objects created using VoxEdit, The Sandbox’s object builder, are stored as ASSETs, meaning they can be traded on The Sandbox’s Marketplace with SAND or used in the Game Maker.
The Game Maker is a plug-and-play development tool that allows users to generate AI foes, dialogue sequences, and scenery to build entire games and experiences without knowing a single line of code. As of October 2022, The Sandbox has attracted some world-famous companies to its metaverse, like Gucci, HSBC, and Warner Music Group, demonstrating the value The Sandbox offers its players and brands alike.
3. Ethereum (ETH) - Powering the Metaverse
Ethereum doesn’t have its own metaverse (at least, not yet). But it plays a vital role in powering many of the metaverse projects out there at the moment and will undoubtedly be a key component of future metaverse development. Ethereum is the world’s leading smart contract platform, offering developers an easy, secure way to build decentralised applications and metaverse games. For example, many of the leading NFT projects, which are a crucial element of crypto-based metaverses, run on Ethereum.
Ethereum makes an excellent investment if you’re looking for broad exposure to metaverse adoption. Each transaction made in Ethereum-based metaverse projects requires transaction fees to be paid in ETH. With the recent major upgrade to the network boosting scalability and reducing congestion, developers have further incentive to keep building on the Ethereum chain. It seems like Ethereum will continue to be the development platform of choice for many metaverse projects, and as such, ETH is the third choice for the best metaverse tokens to buy in 2023.
4. ApeCoin (APE) - Building the Best Metaverse
ApeCoin is the native token of Otherside, a metaverse project developed by Yuga Labs. Yuga Labs is the company responsible for the Bored Ape Yacht Club (BAYC) NFT project, the second most valuable NFT collection on the market (OpenSea). In 2022, Yuga Labs announced Otherside, an immersive, interoperable metaverse where players’ NFTs will be turned into playable characters.
Yuga is positioning the Otherside to compete with the most prominent metaverse players, like Roblox and Horizon Worlds, but with a focus on user ownership and the freedom to do virtually anything. Bored Ape co-founder, Gordon Goner, told TechCrunch that they are trying to build “the best metaverse possible” with a Grand Theft Auto level of open-world engagement.
Otherside is being built in partnership with Animoca Brands, The Sandbox’s parent company, and Improbable, which is offering Yuga its metaverse network, M², to power Otherside. These big names have already prompted significant hype around the project. Buyers of the in-game land, Otherdeeds, spent over $500 million in 24 hours purchasing 55,000 parcels of land and caused massive congestion on the Ethereum network.
With a team already responsible for some of the most successful projects and partnerships with rockstars in the metaverse space, Otherside is likely to be one of the best metaverse projects. Therefore, its currency of choice, APE, is the fourth-best metaverse token to buy in 2023.
5. Axie Infinity (AXS) - A Proven Success
Axie Infinity is a play-to-earn metaverse game that has seen incredible success already. At one point, it was the most valuable metaverse project in the crypto market, with the Axie Infinity Shards (AXS) token reaching a $10.2 billion market cap at its peak in November 2021.
With gameplay similar to Tamagotchi and Pokémon, players collect a team of monsters known as Axies and battle other players to win Smooth Love Potion (SLP). Each Axie is represented by an NFT, enabling them to be bought and sold on the Axie Infinity Marketplace. Some Axies have rare and unique attributes that mean they fetch higher prices, like Angel, an Axie that sold for 300 ETH in November 2021 (around $1.5 million at the time).
Winning battles and trading Axies aren’t the only ways to earn playing Axie Infinity, however. Players can also farm their own land, go on quests, and take on AI opponents in Adventure Mode to gain SLP and AXS tokens. These earning opportunities attracted hundreds of thousands of daily players at the game’s peak, with some players in lower-income countries able to replace their regular jobs entirely just by playing Axie Infinity.
Given its prior success and proven play-to-earn model, Axie Infinity’s AXS is the fifth selection as one of the best metaverse tokens to buy in 2023.
6. Star Atlas (POLIS) - An Immersive Intergalactic Experience
Star Atlas is a space-based metaverse that’s following in the footsteps of popular MMO games like EVE Online and Star Citizen. The project is set in the year 2620 and built using Unreal Engine 5 to create a stunning intergalactic environment for players to traverse in their customisable spaceships.
Like EVE Online, Star Atlas players can trade in-game items to build their planets, mine resources, and take on rival factions in deep space battles. However, Star Atlas uses the Solana blockchain to facilitate transactions. As such, each item is stored as an NFT on-chain which offers players true ownership over their items. These items are bought and sold in Star Atlas using the ATLAS token, which players can earn in various ways throughout the game.
The primary way to earn ATLAS is by mining planetary resources, refining them, and selling them to others. However, you can also find caches of treasure or scour the empty spaceships of beaten enemies to find rare items that can then be sold for ATLAS. Additionally, ATLAS is needed to buy POLIS, the game’s governance token.
POLIS is used to vote on the game’s direction as a whole, as well as your faction or region’s DAO. By voting in a regional or factional DAO, you’re able to decide what you and your allies should focus on next, like attacking rival neighbours or expanding your empire to a new, untouched planet.
Metacade (MCADE) is the Top Choice
Every token on this list is likely to see considerable success as metaverse adoption continues to grow and gain momentum. It seems clear that the winner is MCADE. With the exception of Ethereum, Metacade is the only token on this list that will grow regardless of the performance of any one individual game. Because it’s a community hub designed to be a central meeting place for play-to-earn and metaverse gaming, it’s effectively an investment in the metaverse as a whole. And with a market that’s expected to be worth $800 billion by 2024 (Bloomberg), that looks like a very solid investment.
Right now, there’s no better time to buy with the MCADE token still in presale. You not only get to be one of the earliest investors in a potential leader of the metaverse, but you also have the opportunity to more than double your long-term returns by getting in early on the presale. In presale phase 1, you could get 125 MCADE for $1. By the time MCADE is in presale phase 9, you’ll get just 50 tokens for $1. So if you’re looking for the best metaverse token, look no further than MCADE.
You can participate in the Metacade presale here.
Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.
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