What is The 6 top Metaverse coins to buy in March, 2023? | Definition & Examples | Invezz

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what is the 6 top metaverse coins to buy in march, 2023? | definition & examples | invezz


More and more investors are realizing that Web3 is likely to disrupt a wide variety of industries and sectors. This is especially true when considering the metaverse, offering huge potential to change the way people interact across the world. In light of this, many investors are now seeking out the best opportunities to buy into projects that could post significant gains as the metaverse evolves.

With so many different projects out there, it can be difficult to know where to start when looking for the top metaverse coins, so here are some of the projects that analysts believe have the best chance of posting incredible profits as they change the world:

  1. Metacade (MCADE)
  2. Decentraland (MANA)
  3. The Sandbox (SAND)
  4. Axie Infinity (AXS)
  5. Binance Coin (BNB)
  6. Chainlink (LINK)

1. Metacade (MCADE)

Metacade is an incredible new project that looks set to disrupt the huge gaming industry, through the project’s huge ambition to change the way that gamers partake in their favorite hobby. The centerpiece of this massive endeavor is a plan to build the world’s largest play-to-earn (P2E) arcade, where gamers are rewarded for spending their time playing their favorite titles.

The Metacade arcade will cater to all types of gamers, from those that prefer to game solo in a casual manner all the way through to those who would try their hand against the best the community has to offer and reach the top of competitive leaderboards.

Metacade boasts an extensive reward system that incentivizes users to improve the entire ecosystem. This is achieved not only through gamers earning as they play, but also through a broader set of incentives that have a positive impact on the Metacade ecosystem. This means that users who choose to contribute in ways such as sharing alpha or writing game reviews are also rewarded, creating a positive cycle that incentivizes improvement across the ecosystem.

Of course, any project that offers such a highly functional benefit requires a utility token in order to be truly efficient. Metacade uses the MCADE token to enable the workings of the platform. MCADE is also the currency of the ecosystem, meaning that it is required for all value exchanges across the platform. 

This high level of utility means that as the platform user base grows, so will the demand for MCADE, meaning that the price is extremely likely to increase significantly over time.  Metacade also provides MCADE holders with staking options so that holders can earn a passive income while they help support the functions of the platform.

Investors are abuzz with the details of the project and the positive benefits of interactions between the different areas of the platform. This is especially true of the Metagrants project, which affords developers the capability to share their game concepts and prototypes with the community. MCADE holders are then able to vote, determining which projects they believe are worthy of funding provided by the Metacade treasury.

The Metagrants project has been lauded, in part, due to the control that this gives the community in helping shape the future of the Metacade ecosystem. By providing the users with such a high level of involvement, the project sets itself apart, and investors are clearly recognizing this.

The project team has also demonstrated that it takes the security of users and investors seriously, with the project having submitted all smart contracts and team detail to the highly-regarded Web3 auditing firm, Certik. This comprehensive approach is why Metacade raised $7m in just 13 weeks since the start of the presale and shows no signs of slowing down, with the presale now in stage 4.

>>> You can participate in the Metacade presale here <<<

2. Decentraland (MANA)

Decentraland offers users the ability to immerse themselves in its virtual world, allowing them to partake in a wide range of different activities, from visiting art galleries to trading with other users. 

The project uses three tokens to facilitate its metaverse offering. MANA is the token used to enable transactions across the project and as a currency within the trading space known as Bartertown. This means that MANA features as the primary token that investors buy when looking to benefit from potential growth in user numbers across the Decentraland ecosystem.

The LAND and ESTATE tokens are NFTs that represent land ownership in Decentraland. This land can be used in a variety of ways, with some users even choosing to rent out more desirable land parcels to earn income.

At the core of the Decentraland project is the belief in user ownership, so it comes as no surprise that the governance of Decentraland is managed through a decentralized autonomous organization (DAO). This provides further benefits to investors by allowing holders to help shape the future of the platform in the context of what that could mean for their investment.

Decentraland is well-positioned, given how early in development and awareness the concept of the metaverse is. If the project can further develop its offering and provide an experience that users want to keep returning to, it may well result in significant user growth and, in turn, a price appreciation for the MANA token.

3. The Sandbox (SAND)

The Sandbox is also built on the Ethereum blockchain and is focused primarily on the way in which ownership of user-generated assets is handled through Web3 technology. After years of development, the project launched the alpha of its metaverse in 2021, enabling users to monetize the time they choose to spend in the metaverse.

The project invests heavily in aiding user asset creation, with two primary features that contribute to this aim. VoxEdit allows users to create 3D objects for use in the metaverse, which use NFT token standards to be minted as ASSET tokens. These assets use another Web3 technology, the Interplanetary File System (IPFS), for distributed storage. The Sandbox also offers GameMaker, to allow users to make 3D games and further enhance the experience.

All transactions across the ecosystem of The Sandbox are powered by the SAND token. With an active economy utilizing the SAND token at the central marketplace, if user numbers increase significantly then we may see the price of SAND rise dramatically over the next year or two.

4. Axie Infinity (AXS)

Axie Infinity is perhaps the most well-known metaverse project, where users are able to own, battle and breed virtual pets known as Axies. The project lives on the Ethereum blockchain and leverages its NFT standard in order to give absolute ownership of the Axies to its users, as well as unique traits specific to each individual Axie.

The Axie world is known as Lunacia and has its own economy governed by the Axie Infinity Marketplace. This is the place where new players can purchase Axies, and it enables the other main areas of gameplay. Using your Axies to battle other players in turn-based combat can earn rewards from the owners, while breeding Axies can produce offspring with different traits that can then be sold on the marketplace or deployed in battle.

The world of Lunacia is divided into land parcels, and these can be bought and developed in order to take part in the Axie Infinity ecosystem in different ways, either by enhancing the land or farming resources, and the project is increasingly looking to have developers build on top of the land parcels in order to grow the ecosystem.

Should Axie Infinity battle its way back to the peak user numbers it saw in 2021, the project could see the currency AXS increase in value significantly.

5. Binance Coin (BNB)

Binance is the world’s biggest crypto exchange with a dominant market position. It also boasts its own blockchain, having launched the Binance Smart Chain (BSC) in 2020. This puts Binance in a unique position versus other exchanges, and it means that the BNB token — which is used both on the exchange and also as the native token of the BSC — has a broad set of use cases that provide value.

While the BSC doesn’t run its own dedicated metaverse, the level of funding available to the launchpad through the high revenues generated through the exchange means that the BSC is a layer-1 project that could see huge growth over 2023 and beyond. It would only take a small number of successful projects for the price of BNB to skyrocket, and building metaverses on BSC can be appealing due to the low transaction costs. This in turn allows for a high level of possible transactions that could enable certain use cases.

This is why BNB makes the list of top metaverse projects, and it could well be the case that BSC is the platform that enables a step-change in metaverse adoption in the future. 

Chainlink is one of crypto’s biggest success stories when it comes to adoption, with the project boasting an unrivaled amount of partnerships across the space. Chainlink operates a decentralized oracle network (DON), which uses an advanced incentivization structure to ensure that each node in the network is providing reliable information from off-chain sources.

This means that Chainlink is able to solve the so-called ‘oracle problem,’ which relates to the challenge of providing on-chain smart contracts information about the outside world that can be trusted. This is important because many use cases require this information, such as the trading pair prices that DeFi project Aave required to handle liquidations correctly.

Chainlink might not seem like an obvious choice for a list of top metaverse coins, but Chainlink looks likely to be part of the underlying crypto infrastructure that the metaverse will be built on. By providing reliable data to projects, Chainlink, and its token LINK, could be used heavily across all metaverses over time as different industries look at metaverse integration. 

Which of the top metaverse coins will produce the biggest gains?

Taking everything into consideration, Metacade is considered to be the best investment of the top metaverse coins, with the huge potential of the project coupled with its early stage creating a truly tantalizing opportunity for investors.

It seems increasingly likely that Metacade’s development will drive the price of MCADE up significantly throughout 2023. While those who have already picked up their MCADE at the discount prices available in the presale have an exciting year ahead of them, the presale looks like it will sell out in short order, so new investors need to move fast to lock in the best prices now.

You can participate in the Metacade presale here.


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