Looking To Decide which Metaverse Platform to Opt For? Here Is 2022’s Top 5

by Dror Denishman

If you haven’t come by the community word “Metaverse” by now, then you need to get out from whatever rock you crawled under. The Metaverse is taking the world by storm: Cryptocurrency, the internet, Gaming, Healthcare, among many others. Here are the top Metaverse Platforms so far this year.

Let’s dive right into it.

The Sandbox

It is built on the Ethereum Blockchain, a virtual world in which you can buy, sell, and trade parcels of land, a combination of virtual real estate, amusement park, and gaming.

It is popular for its stability and security. SandBox has its own Ethereum-based token called SAND. This token even allows you to pay for gas fees on the Ethereum network.
Currently, The Sandbox has secured over 165 partnerships, including Adidas, Snoop Dogg, The Walking Dead, the South China Morning Post, The Smurfs, Care Bears. Other brands include Warner Music Group, Ubisoft, Gucci Vault, Adidas, Deadmau5, Steve Aoki, Richie Hawtin, The Smurfs, Care Bears, Atari, and others.

HyperVerse

Put on your VR gear and get ready to enjoy life in the HyperVerse. A universe where virtually anything can be traded as NFT tokens. Anything!

The HyperVerse is a virtual Metaverse that contains millions of planets. In the HyperVerse, the players become voyagers. They would be able to connect with their friends, experience different cultures and lifestyles, create tokenized items, and lots more. 

In this universe, everyone gets a fair chance due to the VerseDAO, which governs this decentralized world.

Decentraland

This platform is unique, a bit different from other Metaverse Platforms. It has two tokens. LAND and MANA.

LAND is a token that certifies the ownership right over a purchased land. As an NFT, LAND is indestructible, non-interoperable, indivisible, and verifiable. This means that ownership over a particular parcel can be traced back to the original creator since all historical data is being stored on the blockchain.

Its currency, MANA, is a completely new kind of protocol that allows its users to create virtual reality lands and use its native asset to pay for services on the platform. It also permits users to purchase virtual property, develop it like creating an estate in the physical world and maintain it as an actual online business. It was co-founded by Ariel Meilich and Esteban Ordano. 

Barbados recently became the first sovereign state to have its own embassy within this Metaverse. Even JP Morgan opened a bank branch called the Onyx Lounge.

CryptoVoxels

It runs on the Ethereum Blockchain, using it to keep track of ownership of property in its economy. It is a free universe in every sense of the word. Though it looks like a game, you can do virtually anything you want.

The main building block of the CryptoVoxel blockchain Metaverse is a ‘voxel.’ It is practically a 3D block that inhabits some space in this virtual world. Other major building blocks are streets and parcels. Streets are held by The Corporation, whereas parcels can be bought and sold by anyone. CryptoVoxel parcels are land grids where voxel blocks are placed.

You can build anything from apartments, parks, art galleries, etc., buy and sell virtual plots, or simply just wander around.
It was created in May 2018 by Nolan Consulting Limited, a New Zealand-based firm founded by Ben Nolan.

Roblox

Roblox was created to be an online gaming and game creation platform, but now it has metamorphosed into a virtual platform that offers a wide variety of virtual experiences to its users.

The virtual currency of Roblox is called the Robux. Players buy Robux with real cash and then use it to purchase items within the games of their choice. Developers build up Robux from the games they make and then re-exchange Robux for real money.

Right now, Roblox is one of the biggest gaming platforms in the world: The company recently went public, and when it did, its stock price climbed so high, so fast, it was temporarily worth more than gaming giants EA and Take-Two combined. Over 40 million people play Roblox daily, and this number continues to rise.

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