For decades, virtual worlds are only limited to science fiction novels. Today, the “metaverse” is one of the most important concepts in the technology industry. It is being embraced with enthusiasm by software and game developers across various industries, from cryptocurrencies to gaming to social media. The Metaverse crypto is becoming a real phenomenon, with several thriving platforms featuring increasingly extensive crypto integrations.

What is a Metaverse Crypto?

So, here is the answer to the most asked question that “What is Metaverse crypto? Well, a metaverse is an open, shared, and immersive virtual world.  I You can experience the Metaverse through a computer, virtual reality (VR) that allows players to appear as avatars, interact and create experiences, objects, and landscapes. set, or smartphone. Metaverse typically has its economy and currency. It allows users to buy, sell and trade digital real estate, items, avatar accessories, and more.

A crypto metaverse integrates blockchain into its underlying technology. Similarly, crypto assets are the metaverse tokens in its economy. Some crypto Metaverse is Decentraland, Cryptovoxels, Alien Worlds, Axie Infinity, and The Sandbox. Metaverse-like environments in Massive Multiplayer Online Games have existed for some time. The inclusion of blockchain, crypto, and VR in this sector has drastically changed the way of participation and what they can do. It also demonstrates the real market value of assets, interactions, and experiences earned in the digital worlds of blockchain games. Metaverse crypto assets and items like digital land and objects are typically metaverse tokens. Blockchain records their ownership, and they can exchange them for digital assets such as bitcoin (BTC) and ether (ETH) on several decentralized exchanges (DEX).

The real world is increasingly shifting to the Metaverse. Several mainstream and crypto companies have established virtual headquarters in crypto metaverses. They can regularly host virtual events and festivals attended by thousands of people. For example, the famous auction house Sotheby’s opened a digital replica of its London headquarters in the blockchain game. The space features a virtual art gallery with multiple rooms that Metaverse crypto users can visit. Decentraland also hosts regular live music events, conferences, and meetups.

Best play-to-earn NFT games on the market

While the P2E concept is relatively simple, game developers have found various ways to incorporate this mechanic into their games. In the burgeoning P2E gaming scene, two types of games have shown promise in successfully implementing the P2E mechanic. Games that focus on collecting and games that focus on creating.

Gods Unchained

This tactical card game aims to build a flexible deck that can outwit opponents’ strategies to outsmart them. It also helps to have good cards – as any Yu-Gi-Oh, Gwent, or Magic: The Gathering player will gladly attest.

So how does this NFT game implement P2E into its basic gameplay? First, as with IRL card games, certain cards in Gods Unchained are very valuable and can even be sold as NFTs. Via an in-game “forge,” players can combine their non-NFT cards to create a meteor NFT card. Great!

Players can also participate in ranked PVP battles that occur “most weekends,” according to the game’s website. Participation in these weekend ranked events grants players packs of NFT cards of varying rarity. They are based on the player’s performance during the play period.

Thanks to its deep gameplay mechanics and balanced game design that prevents the game from becoming a pay-to-win mess, the game has gained widespread community support since its launch in March 2021. Since then, Gods Unchained has generated more than $2.5 million in trading volume on the Immutable X NFT marketplace. With more than 13 million NFTs released and more than 65,000 unique asset owners, players looking for a Hearthstone-like solution with P2E potential have gotten their money’s worth.

Axie Infinity

In Axie Infinity, players can build an army of Pokémon-inspired creatures called Axies and compete against other players in RPG-style card-based battles. Users can breed these Axies by allowing players to build stronger teams or potentially sell the creatures. After each victory in the game, players can earn Smooth Love Potion (SLP), metaverse crypto, which is also a functional cryptocurrency. At that point, players can exchange their game winnings for fiat currency on a crypto exchange.

Unfortunately, after a promising 2021, one of the biggest P2E games in the world suffered a series of significant setbacks. In April 2022, Axie Infinity suffered a major blow to its user base after the Lazarus Hackers Group infiltrated the Ronin network (the Ethereum-connected sidechain on which the game runs) and stole $625 million in assets. As of May 2022, the game’s AXS token had fallen by 30 percent. The game’s economy has plummeted in recent months, and numerous players who invested a lot of time and money are now “desperate and in debt,” TIME Magazine wrote in a tweet.

Players have dropped significantly, as has the value of tokens, making 2022 a challenging year for the game. The game has recently recovered a significant amount of stolen funds and will be moving to a more player-friendly model shortly with Axie Infinity: Origin.

XANA Metaverse

This title is widely regarded as an example of the potential of Metaverse crypto within the blockchain gaming community. As the name suggests, XANA Metaverse is a fully decentralized and constantly evolving 3D virtual world created by users. True to its reputation, players can buy properties and turn them into just about anything.

Players can do various things with their newly acquired digital land, from setting up a virtual art gallery where users can sell and display NFTs from their collections to building a medieval dungeon maze – it’s all left to the imagination.

Two tokens govern operations in XANA – LAND NFTs, which define ownership of digital real estate, and XETA, the cryptocurrency used to purchase LAND and virtual goods and services within the game.

The Sandbox

The Sandbox is a voxel-based game modeled after perhaps the most popular game of all time, Minecraft. With Minecraft indefinitely refraining from integrating NFTs and other blockchain technologies into the game via mods, The Sandbox seeks to fill that void in blockchain gaming – and more.

Players who want to profit from their voxel ASSETs can sell their creations in-game for $SAND. In addition to selling their creations to the highest bidder, The Sandbox allows players to use its in-house Game Maker software to create custom experiences. Users can also create full-fledged games in The Sandbox, which they can later publish to virtual lands in the game and subsequently monetize.