EPIC Crypto Profits! (Metaverse Property HOT PICKS)

Posted 19 mins ago | by Catoshi Nakamoto

If you’ve had access to the internet for the past few months, then you might have heard that the metaverse is the next big thing, with plots of virtual land selling for millions of dollars, and metaverse tokens blasting off to the moon. If you’ve been paying attention, then you probably already know the biggest names in the space like The Sandbox and Decentraland, but this is going to be a massive asset class and there are new opportunities popping up every day, so you might still have a few chances to grab some prime virtual real estate before the tourists start showing up.

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In this video, we’re going to explore one of the hottest trends in crypto right now; Metaverse property. People who bought in early are selling plots of virtual land for millions of dollars in some cases, and the hype is just getting started. Since Facebook pushed the idea of the Metaverse into the mainstream conversation, land in the most popular virtual worlds has exploded in value.

The Sandbox and Decentraland were leading the pack over the past month, topping the charts on OpenSea as the top two spots. This land is available for sale on OpenSea and other NFT platforms because these virtual properties are actually NFTs. In fact, nearly the entire rankings page for the past month is filled with projects related to the metaverse and crypto gaming.

The Sandbox, which we covered in a previous video, was in the top spot. In just one week 4,433 assets sold in the Sandbox with a total traded volume of $70.5 million.

Coming in second place was Decentraland, which did $6.6 million in volume for just 399 assets, which means that plots in Decentraland are starting to get expensive, even if the volume might be low.

Decentraland and The Sandbox both have huge backers, and they have had a huge head start. A massive company called Animoca brands is behind the Sandbox, and they have been working on the game for nearly ten years. Our fiends at the Digital Currency Group are behind Decentraland, which was founded nearly five years ago.

Land in these virtual worlds is going to explode over the next few years, there’s no doubt about it, but this real estate is already extremely expensive, and will set you back a minimum of 10 or 15 thousand dollars on the low end. There is still plenty of upside in the more established worlds, but if you want to make a smaller investment go further, there are other metaverse projects launching where you can get a better entry point, and more bang for your buck.

Another metaverse project that has been catching on in recent weeks is called NFT Worlds, which features some of the most detailed virtual land plots that we’ve seen yet. Instead of a simple two dimensional square on a map, NFT worlds actually have topographical features like water, mountains and forests. There are also detailed features for each plot of land, describing traits like foliage density and wildlife density along with details about annual rainfall or natural resources that might be in the area. The rarest NFT Worlds might include towns, mineshafts, jungle ruins, or other secrets to explore.

The other interesting thing about these worlds is that they will be compatible with the top-selling video game Minecraft. NFT World owners will be able to use Minecraft as a tool that will allow them to edit and explore their worlds.

Right now the cheapest NFT Worlds are around .5 ETH, which is a steal compared to some of the other virtual real estate out there. The team has also revealed in its discord channel that NFT World holders will soon receive an airdrop of new token, and the snapshot is happening sometime this month. If you hold your land with diamond hands, you can expect another airdrop sometime after February, when the next snapshot is expected to take place.

Next up is Victoria VR, a new Metaverse powered by Unreal Engine, a top of the line gaming engine responsible for the incredible graphics and immersive 3d worlds that you see in many mainstream games. Victoria VR is having its next big land sale later this month, on December 23rd, but you’ll need VR tokens in order to participate.

Victoria VR is aiming to be a totally free and open world where users are able to create their own experiences. Instead of creating a world for people from the top down, Victoria VR is encouraging users to be active participants in building the world and setting up the activities that will happen there. Victoria VR is also promising to be one of the most realistic metaverses once it launches. The upside of metaverse projects with good teams is very good, with a token price under .75 cents, Victoria VR is a project that you should keep your eye on.

Another interesting project just getting started is DeFi Land. DeFi Land is a farming-simulation game, in the Farmville genre, that actually educates players about Decentralized Finance, while allowing them to participate in a gamified DeFi platform. Users will be able to start playing the game for free and work their way up to play to earn missions where they can compete and trade with other players. Both Animoca Brands and Alameda Research are backing this project, and it is expected to leverage multiple blockchains, although Solana seems to be its primary home, which makes sense considering that Alameda Research is heavily invested in Solana.

The first NFT land sale for DeFi land will be coming sometime in the first quarter of 2022, and the game is expected to launch sometime later in the year.

This week, the decentralized streaming service Audius announced that it was building a radio station in the DeFi Land metaverse. The radio tower allows users to stream any song available on the Audius app while they’re playing the game.

Speaking of music, there is another developing Metaverse called CEEK, which is focusing specifically on music and entertainment. CEEK recently revealed that they were planning a virtual land sale soon, but no further details have been announced yet. This is similar to a project called Sensorium that specializes in VR concerts, but CEEK will be adding additional Metaverse elements like virtual land and an NFT marketplace, which should make for a more complex economy.

Last but not least is Big Time, a massive new gaming Metaverse that was founded by Ari Meilich, who was also one of the founders of Decentraland. He has put together an all-star team of developers, writers and designers who worked on top selling mainstream games like Fortnite, World of Warcraft, Call of Duty and League of Legends.

Another interesting aspect of this project is the token distribution. The team recently announced that there will be no presale for the token, so it will need to be earned in the game before it begins to appear on secondary markets. This will prevent whales from gaining an unfair advantage early on while ensuring that the distribution is as wide as possible.

Starting this week, VIP passes that grant early access to the game will begin selling in the newly opened Big Time marketplace. The initial price for the passes will start at around 200 dollars all the way up to 800 dollars, with the more expensive passes gaining access earlier.

There isn’t any land available for this Metaverse just yet, but a sale for what the project is calling “space” is coming up soon. This will be high demand though, so in order to get in line, you’ll need to fill out an application. This game will be free to play and play to earn, which is a growing trend in this space. Many of the first popular NFT games have a high barrier to entry, with it costing hundreds or thousands of dollars just to get involved. Developers have seen that having a high barrier to entry like this can be a major obstacle, so they are developing new models that are more accessible to gamers of any income.

The metaverse is certainly a megatrend, but remember, this is still crypto, which means that you can expect a groundbreaking trend like this will be followed by a slew of imitations attempting to cash in on the hype. Last month we saw this play out with the Wolf Game, which took off in price after launch and had its own land sales. The main assets in this game reached as high as 4ETH at one point, before collapsing down to around 2 ETH and below. This project kickstarted a “season” of pixelated ponzi games like Whale Game and Fox Game, all of which crashed and burned after release. So just because a virtual world has land for sale, or the word game attached to it, doesn’t necessarily mean that it’s a good investment. You need to do some research on the teams behind these projects and find out who their major investors are, don’t just fomo into whatever some anime cartoon recommends on Twitter.

But that’s all I got. Be blessed. Bitboy out.

Source: https://thebittimes.com/epic-crypto-profits-metaverse-property-hot-picks-tbt8178.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Cryptocurrency News

Post by: TheBitTimes.com