The crypto market continues to collapse as inflation fears send global markets into bear territory. Crypto expert Paul Brabus, on the other hand, sees this as an opportunity. The expert reviews the three best metaverse coin projects for buying virtual real estate in a bear market. We have prepared the introduction of the expert for our readers.
First metaverse coin project ApeCoin (APE)
- Market Cap: $1,005 billion
- Crypto Price: $3.45
- Virtual Property Price: 1.78 ETH ($2.153)
ApeCoin was introduced to the market on March 17, 2022. Service token of the Bored Ape Yach Club (BAYC) NFT collection. It also allows holders to vote on proposals that shape the future of the project. In this way, it serves as the management asset of the APE Foundation.
ApeCoin enters the market for the Web3 economy. It also provides incentives to BAYC NFT holders in the form of staking rewards. The token itself is an ERC-20 digital asset built on the Ethereum Blockchain. It has a maximum supply of 1 billion with tokenomics that will never let it exceed its maximum supply.
Last month, ApeCoin announced its Metaverse called Otherside. It has made one of the most iconic land sales in the cryptocurrency market. The demand for virtual lands on the Otherside was so high that the mint crashed the Ethereum Blockchain for a few hours.
ApeCoin’s Otherside Metaverse will have unique features that will allow more than 10,000 players to interact on the same map. In addition, natural voice chat will provide an engaging and immersive experience for players. It will also include AI-based NPCs that support complex stories and interactions.
Additionally, Otherside will allow creators and developers to create unique in-game assets such as vehicles, outfits, structures, and more. In addition, it will provide an SDK, which is a player-created and owned ecosystem.
At the time of their launch, Otherside plots are over 5 ETH, roughly $15,000! The price of ApeCoin has suffered significantly during this bear market. However, there is long-term potential for the metaverse coin. Otherside has some of the best designs. Also, the ApeCoin community is one of the most supportive groups of individuals and investors.
Second metaverse project for virtual real estate Sandbox (SAND)
- Market Cap: $1.010 billion
- Crypto Price: $0.8214
- Virtual Real Estate Price: 1.52 ETH ($1,838)
The Sandbox (SAND) released Alpha in December 2021. It is currently the second most valuable metaverse coin project in the market after Decentraland. Sandbox offers a similar value proposition to Decentraland. However, it focuses more on gamifying the Metaverse with bright colors and RPG-style aspects. Many describe Sandbox as a hybrid between colorful Fortnite and blocky Minecraft.
Sandbox adds the popular play-to-earn (P2P) model to its Metaverse. In this way, it allows players to earn significant rewards from various events in the game. Its metaverse is still in Alpha and not available to the public. However, the open Beta for The Sandbox is coming soon.
Like ApeCoin’s Otherside, the Sandbox virtual real estate market is in the form of NFTs. The current base price is 1.52 ETH, roughly $1.8k. This makes it the cheapest virtual real estate property on this list. Current prices are 90% off compared to The Sandbox plots, which sold for over $15,000 in November 2021.
SAND, the primary service asset for The Sandbox. It is possible to use the toek to buy in-game assets, bet for prizes. Also, an ERC-20 token like APE that can be used to access special places and events within The Sandbox Metaverse.
Latest metaverse coin project Decentraland (MANA)
- Market Cap: $1.436 billion
- Crypto Price: $0.7745
- Virtual Property Price: 2.25 ETH ($2,722)
Decentraland (MANA) launched in February 2020. It is currently the highest valued metaverse coin project on the market, with a valuation of over $1.4 billion. A pioneer in metaverse coin projects. It also offers a completely open 3D digital universe that users can explore.
There are hundreds of users in Decentraland at any given time and dozens of places users can explore within the Metaverse. There are several places to visit to start making NFT and cryptocurrencies absolutely free. For example, you can visit the WonderMine Mining Game and mine meteorites for NFTs and tokens. What’s more, you can practice MiniGolf and win wearable NFTs and even play free-to-play Poker at Decentral Games’ casinos.
Decentraland was built with the Unity game engine. It includes both an in-browser client and a Desktop client for those looking for a high-quality experience. A plot in the top rated Metaverse of the coin currently has a base price of 2.25 ETH, which is around $2.7k.
MANA is built on the Ethereum Blockchain. Also an ERC-20 token compatible with Polygon. Primary utility asset for Decentraland. You can use MANA to purchase wearable NFTs, access special events, claim rewards, etc. possible to use. For more information about the Metaverse coin project, see this article by Kriptokoin.com.
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