The global metaverse market size was reported to reach $61.8 million in 2022 and is estimated to increase by %47.2 ($426.9 million in 2027).
There are several major factors that influence such growth of the metaverse market, including a rise in the media and entertainment, the acceptance of metaverse in the gaming industry, evolvement of adjacent markets such as augmented reality (AR), virtual reality (VR) and mixed reality (MR), and the success of digital art and fashion industries. Metaverse allows all the mentioned industries to reach out to their end-users through a 3D virtual environment.
Metaverse also provides a technologically-driven ecosystem that guarantees the best-suited experience and transactions to its end users. Using blockchain technology, cryptocurrencies and Non-Fungible Tokens (NFTs), metaverse supports both users and industries to run a profitable business through amusing platforms provided in metaverse.
Thus, it sounds reasonable to consider investing in metaverse as a plan to make money in 2023. However, it is also important to find the treasures of the market. The metaverse market is full of projects that are trying their best to attract the most attention of investors in the environment. They also promise their users financial benefits by providing virtual games as well as supporting the native cryptocurrencies of the games.
In the following, we reveal a list of the best metaverse projects with the most significant potential for rapid growth in 2023. Both beginners and experts to the metaverse market can take advantage of the details of the best metaverse projects to invest in before deciding to take action in 2023.
Top metaverse projects to invest in 2023
Metaverse is a fast-growing industry that plays an essential role in the future of Web3 and other related technologies like cryptocurrencies and blockchains. Other recent technologies such as AR, VR and MR are also here to further support metaverse users and help it develop a more active environment to attract even more users.
Investors are also attracted to metaverse and looking for the best investment potentials in 2023. Here is our list of best metaverse projects to keep an eye on in 2023.
1. Otherside: The Apes metaverse
Otherside metaverse fulfills all criteria to be one of the best metaverses to watch in 2023. Being launched by the famous Yuga Labs, the owner of successful NFT collections such as Bored Ape Yacht Club, Otherside takes the Yuga Labs’ journey to the next level and makes Apes alive in a metaverse.
Otherside is still in development but is known to enable its users to explore the metaverse, socialize and purchase plots of land, similar to Decentraland. Otherside is different in that it may have Apes as its primary residents, though there is little known about the whole metaverse.
Otherside is on our list of best metaverse to follow in 2023 since it uses ApeCoin as its native cryptocurrency, which is used to purchase NFT assets in the metaverse. The holders of Bored Ape Yacht Club and Mutant Ape NFTs are known to have access to the Otherside metaverse and purchase plots of land using ApeCoin. By the end of 2022, ApeCoin had a market capitalization of over $2 billion, while it is still beginnings of its journey.
Otherdeed NFT collection is the key to claiming land in Otherside metaverse.
2. Sandbox: The best gaming ecosystem
Sandbox is a decentralized, community-driven virtual world where creators can design, create, share, and sell in-world assets. Created by Pixowl, Sandbox is an Ethereum-based virtual world that was developed to change the dynamics of the gaming market and reward creators for the value they produce through user-generated content.
Sandbox is unique in that players have absolute ownership of them in-game creations, including VoxEdit and games. VoxEdit allows users to create and animate 3D objects in the metaverse, including people, animals, tolls, etc. All these productions can be sold as NFTs in the Sandbox marketplace. Besides, users can use the Sandbox Game Maker to create 3D games for free, share it with their community, and earn SAND.
SAND is the native cryptocurrency used in Sandbox. It is an ERC-20 token that powers all of the ecosystem’s transactions and interactions. SAND is used primarily to buy ASSETS and LANDS. LANDS, 96 by 96-meter digital plots, are house to games and assets. The number of LANDS is limited to 166,464.
Sandbox fulfills all the criteria for a metaverse game to invest in 2023 due to its emphasis on creativity and creating a community. The more creative a player is, the more they earn. Sandbox DAO is also one of the most popular places to talk about the metaverse.
3. Decentraland: The most popular metaverse project ever
The first on the list of best metaverse to invest in 2023 is Decentraland, the best-known metaverse in blockchain technology. Decentraland is already established and open to the public. It has thousands of daily active users.
Decentraland allows its users to explore the metaverse and socialize with other users using their custom avatars. Avatars can have different wearables that can be purchased and upgraded through in-game purchases.
Decentraland users can also choose to buy a piece of digital land and construct buildings on their NFT lands. Though, plots of land can be pricy due to the growing popularity of the metaverse game.
Decentraland is backed by its native cryptocurrency MANA, which is one of the ever-growing metaverse coins in the history of metaverse.
4. NFT worlds: A fast moving metaverse platform
Next on our list is a new metaverse game. NFT Worlds is a play-to-earn gaming metaverse that allows users to buy virtual worlds and build their own metaverse. The team behind NFT Worlds has built a blockchain layer on Minecraft, one of the best-selling video games. Therefore, NFT Worlds includes the exact design as Minecraft maps, controls, etc.
NFT Worlds provides a collection of 10,000 virtual worlds as NFTs, each of which comes with its unique features that directly influence its rarity and cost. NFT Worlds is notable for its size: 16 million by 16 million blocks, meaning that a single NFT World is millions of times larger than all its competitors, including Decentraland.
NFT Worlds is almost young compared to others. The team behind the project started working on the platform in September 2021 and minted all 10,000 NFTs in October 2021. On December 27, 2021, the team launched NFT Worlds’ native cryptocurrency WRLD with an airdrop to holders of NFT Worlds.
WRLD is the in-game currency for NFT Worlds. As a utility token, players earn WRLD during gameplay and can use it to pay for in-game purchases, such as buying items and accessing events. It is also used for player-to-player transactions.
The famous RTFKT bought an NFT World in February 2022. NFT World has also collaborated with Entity Builds to develop its worlds. The project hires streamers, content creators and influencers to attract more users, especially among Minecraft players.
5. Town Star: Farming competition
Town Star is the next metaverse game to invest in 2023. It is a competitive farming game that is running on Gala blockchain. Users need a plot of land and a little money to build up their farms, factories and any other type of buildings on a farm. At the harvest, they may sell excess goods for profit.
Yet another free-to-play, play-to-earn game, Town Star is similar to Farmville. Therefore, users can develop the most efficient and productive town through growing, gathering and crafting. All in-game incomes and trades are possible using TOWN tokens, the native cryptocurrency of the metaverse.
Users can also earn more TOWN by playing the game and completing its challenges. Players NFT assets can also make a passive daily income to their owners if they are used to construct the farm every day.
Gala Games considers its Gala Power as the in-game measurement system. Using Gala Power, players are allowed to improve the number of NFTs they can own in their farms and towns. It is directly determined by the player’s wallet capacity, the number of NFTs a player owns, account age and investments in TOWN coin.
Why invest in metaverse NFTs and coins?
Metaverse projects offer a virtual ecosystem that includes in-game economics with NFTs and cryptocurrencies to support P2E dynamics of the game. As metaverse-based projects are slowly rising in popularity, many investors and players consider the chance of investing in metaverse games to make more income. Such investment comes with short-term and long-term advantages.
In the short term, players and investors can trade their metaverse NFTs and coins as the prices increase in the market. They also may spend their crypto on upgrading their NFTs to be sold for higher prices.
Higher incomes may be there in long-term investment in metaverse. Experts argue that metaverse will reach a market cap of $5 trillion by 2030. Therefore, investing in metaverse coins and NFTs can be an excellent long-term investment for players as well as traders. Though there is no guarantee about what the future brings, investing in the top metaverse projects can improve the change of short and long term success.
A final word
As the popularity of metaverse games grows day by day, more investors spend their money and time to earn crypto rewards. Therefore, it is essential for investors to learn about the best metaverse games and analyze them carefully before making an investment.
We provided a list of top metaverse projects to invest in 2023. The list includes completely developed metaverse games as well as ones still in development. Notice that each metaverse project comes with its merits that may change over time.
We kindly advise our readers to keep up to date about best metaverse projects to invest in before trying their chance to invest in metaverse.