Bitcoin and Ethereum continue to struggle this week. However, they have lost over 30% in market capitalization in the past seven days. Increasing inflation and uncertainty in global markets is causing a gradual impact on crypto. In this environment, crypto expert Paul Brabus examines the top three metaverse coin projects with a market capitalization of under $25 million to watch in June 2022. We have prepared the expert’s choices for our readers in his own words.
The first metaverse coin project Wilder World (WILD)
Wilder World (WILD) launched in May 2021. One of the lowest value Metaverses and NFT projects in the market. The team behind Wilder World is building its Metaverse with Unreal Engine 5. This project aims to provide a one-stop ecosystem that cannot be compared to anything currently available in the market.
One way to describe Wilder World is the updated crypto version of Rockstar’s GTA. It is possible for users to live a second life in the Metaverse. It is also possible for them to buy real estate, clothes, cars and much more. Wilder World offers players an RPG-style world full of endless possibilities.
The project is still in its early stages. While Metaverse is still in development, users can explore the NFT market and purchase various in-game items for WILD tokens. Currently, Wilder World’s NFT collection contains more than 6,000 items. NFTs were designed by top rated artists. All of them have high resolution models. With its current market cap of $17 million, Wilder World is at a huge discount. Also their NFTs are priced pretty low.
Project primary service asset WILD. The token is an ERC-20 asset that lives on the Ethereum Blockchain. It’s possible for users to use WILD to interact with Metaverse when it launches. However, they can currently buy NFT with the token.
The second metaverse project Verasity (VRA)
Verasity (VRA) launched in April 2019. A unique Metaverse ecosystem and project that launches with the Proof-of-View (PoV) protocol and aims to address the $160 billion AdTech industry.
It is possible for Verasity’s PoV protocol to identify fake bot traffic for different content. It can even go as far as authenticating NFT collections. It helps in the crypto space as it is full of fake participation bots, copycat NFT collections and other fraudulent projects trying to scam investors.
Additionally, Verasity includes an Esports platform for the product layer. It recently partnered with leading Metaverse crypto game Axie Infinity to test its platform and PoV protocol.
The current valuation of $24 million makes this a fairly underrated and undervalued project. The primary service asset for the Verasity ecosystem is the VRA token. VRA is distributed to users as a reward for watching content. Besides, ERC-20 is an Ethereum-based digital asset that enables payment for various services on the platform.
The last metaverse coin project, UFO Gaming (UFO)
UFO Gaming (UFO), met the market in July 2021. NFTs, gaming, virtual real estate etc. A space-themed metaverse coin project in which it integrates the latest concepts in crypto, such as UFO Gaming is unique. Because it will include several play-to-earn (P2P) games. The project’s model will include several planets, each with its unique ecosystem, DAO, and game for users to explore. Players will be able to jump from planet to planet and explore the various economies available.
By the way, UFO’s Metaverse is called The Dark Metaverse. Currently under development. UFO Gaming’s Metaverse will include a project launch panel, a virtual land market, as well as a variety of P2P games. There will also be unique interoperable NFTs with endless possibilities for use within the ecosystem.
The first game UFO Gaming is working on is Super Galactic, which is currently in development and opened its doors to Alpha testers in April 2022. The full version is scheduled to be released later this year.
The bear market has pushed UFO Gaming into an extremely undervalued position with a market cap of $24.3 million. This made the project an opportunity for long-term thinkers. Despite the unfavorable market conditions, the UFO Gaming team recently revamped its website. The team continues to focus on the project and build its ecosystem.
The game’s primary companion asset is the UFO. The token is an ERC-20 asset that lives on the Ethereum Blockchain. UFO Gaming also has the UAP token, another utility asset that allows its holders to mint NFTs in-game. For the latest metaverse coin news, continue reading at Kriptokoin.com.
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