5 Metaverse alternatives you should know about

In this article, we have compiled a list of 5 Metaverse an alternative you should be aware of.

With the growing number of Metaverse cryptocurrency projects, it’s impossible to deny that Metaverse is still a faraway dream. Yes, Bitcoin and Ethereum are constantly in high demand, but altcoins like Dogecoin and Shiba Inu, as well as terminologies like non-fungible tokens (NFTs) and the metaverse, have also gained traction. There is one phrase that has been circulating for quite some time among all of these. Yes, you guessed correctly. It’s a “metaverse” — a virtual world where you may explore, meet people, and do many of the activities you can do in real life.

Here are five Metaverse alternatives you should be aware of:

1. Axie Infinity
Axie Infinity is a significant actor in the Metaverse. It’s a real-time battle game in which users battle their Axies (creatures or characters). There’s something unique about Axies. AXS holders can collect benefits by staking tokens, playing the game, and participating in governance. Each Axie is a unique ERC-721 non-fungible token (NFT).

2. Metahero
Metahero has set up a scanning chamber in Doha, which scans objects and makes digital, 3D versions of them for the Metahero universe. Metahero’s native currency is HERO. It’s worth noting that it has a market capitalization of about $494 million (as of the beginning of 2022).

3. Enjin
What could be better than a single platform that allows users to build, store, list, and trade NFTs? So, that’s what Enjin has planned for you. Furthermore, the Metaverse platform has established itself as a platform with fewer fees. This is one of the main reasons why the majority of projects are leaning towards it.

4. Decentraland
Decentraland has grown in popularity as an Ethereum-based “virtual reality platform.” You may buy, develop on, and monetize virtual land parcels here. The MANA and LAND tokens are used on this metaverse platform. On the Decentraland marketplace, MANA tokens can be used to purchase avatars, wearables, names, and other items.

5. SushiSwap
SushiSwap is a well-known decentralised exchange that allows users to purchase and sell digital currencies. That’s not all, though. All without the need for a centralised third party. Its popularity is so widespread that its market valuation in early 2022 astounded everyone. SushiSwap has subsequently grown in popularity, reaching a market valuation of US$500 million in early 2022.

Visit TechGig: https://bit.ly/3ijY5Gt

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
TechGig

TechGig

386 Followers

India's Largest Tech Community | 4.2 Million+ Developers | Guinness World Record Winner | Limca Book of Records