Metaverse crypto projects are often among the biggest winners due to the uniqueness of the technologies used. Users can access amazing open worlds, play their favorite games online and earn financial rewards in a variety of ways.
The metaverse connects people, creating new ways of working, socializing and interacting via the Internet. This article will analyze three major metaverse projects ahead of the 2023 crypto market.
Are you looking for current news, good tips and market analysis? Sign up for the Invezz newsletter today.
Metaverse crypto outlook: Metacade is currently the most promising investment
Two of the biggest metaverse crypto projects in Web3 are The Sandbox (SAND) and Decentraland (MANA). These two giants grew to multi-billion dollar valuations during the 2021 bull market, with the tokens rising 200x (SAND) and 75x (MANA) respectively to their all-time highs from the start of 2021.
Now Metacade is preparing for similar gains in the coming years. The MCADE token recently launched its presale and attracted over $1 million in funding in the first three weeks. This pre-sale could prove to be the biggest investment opportunity in 2023 as Metacade introduces brand new features to the metaverse and aims to become a central hub for Web3 users over time.
What is The Sandbox (SAND)?
Sandbox is an open world metaverse crypto project that allows users to build and monetize their own game assets. Players can explore games created by other users in The Sandbox metaverse, helping to create a rich and varied gaming experience.
Games and other assets can be bought and sold as non-fungible tokens (NFTs) on the platform’s integrated marketplace. Sandbox provides a toolkit for customizing metaverse crypto games, allowing anyone to become a game developer with no prior programming experience.
How does SAND work?
Players can earn SAND tokens to explore game worlds created by other players, delivering a next-generation gaming experience through user-generated content (UGC) and play-to-earn (P2E) mechanisms.
The SAND token is also used as a medium of exchange in the NFT marketplace and for voting on table proposals, as The Sandbox is a Decentralized Autonomous Organization (DAO) fully controlled by its community.
What is Decentraland (MANA)?
Decentraland is a metaverse crypto platform that allows users to buy and sell digital real estate, as well as build and explore parts of the metaverse built by other users. The platform enables the development of virtual experiences that can be monetized in a variety of ways, including NFT art galleries, games and places to hang out.
As the world continues to digitize, Decentraland is expected to become a hub for virtual pastimes. The ability to customize parts of Decentraland’s metaverse has resulted in a large open world with lots of different things to do.
How does MANA work?
The MANA token is used to buy, sell and trade plots of land. Users can also purchase unique characters, clothing and other digital assets to further customize the game experience. Like The Sandbox, Decentraland is a DAO that allows MANA holders to vote on board proposals and prioritizes UGC at the bottom of the game.
What is Metacade (MCADE)?
Metacade is the first community driven arcade. It will be the largest arcade on the blockchain, offering players a variety of methods to earn crypto tokens as well as a large selection of play-to-earn arcade games.
The project will also connect users with unique job opportunities in Web3 and allow players to try brand new games before they launch. Users get early access to new titles and earn crypto for flagging bug fixes and other improvements that need to be made before the game goes live.
Metacade is an ambitious metaverse crypto project that can become a central place for GameFi enthusiasts. There are several eye-catching features designed to directly serve the community with an advanced reward mechanism that includes play-to-earn, compete-to-earn, create-to-earn and work-to-earn.
How does MCADE work?
The create-to-earn feature rewards users for making valuable contributions to the community. This may include sharing the latest information about various games on the Metacade platform, posting game reviews, and interacting with other community members.
The MCADE token is used to provide rewards as well as stake and vote in the Metacade DAO. The DAO will go live in mid-2023 before handing over full control to the community in 2024.
Metaverse crypto price predictions 2023
TRUE price forecast 2023
The SAND token is down 94% from its 2021 all-time high. Experts predict it may struggle to make it to the next bull market. The price forecast for SAND in 2023 is between $0.76 and $1.87.
MANA price prediction 2023
The MANA token is currently worth $0.308390. The project is struggling to gain users during the 2022 bear market, which may affect the token’s price in 2023. MANA is expected to regain the range of USD 0.64 to USD 1.11, but it may be difficult to break the resistance at these levels.
MCADE Price Prediction 2023
The MCADE token was recently launched in pre-sale and has already proven to be a popular investment. The price will increase from $0.008 to $0.02 during the presale, with experts suggesting that the token may skyrocket after the presale ends. By the end of 2023, MCADE is expected to be worth between $0.40 and $1 – that’s a potential profit of 50x for the new token.
You can use SAND and MANA here buy from eToro.
You can here participate in the MCADE presale.