Wed. Jun 12th, 2024

Why You Should Invest In These Metaverse Tokens.

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Bill Gates came out with a bold prediction in December. By at least 2025, he says, white-collar staffs will be meeting together in the metaverse. 

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“Within the next two or three years, I predict most virtual meetings will move from 2D camera image grids—which I call the Hollywood Squares model, although I know that probably dates me—to the metaverse, a 3D space with digital avatars. Both Facebook and Microsoft recently unveiled their visions for this, which gave most people their first view of what it will look like,” writes Gates. “The idea is that you will eventually use your avatar to meet with people in a virtual space that replicates the feeling of being in an actual room with them.”

These Metaverse Tokens are running projects that makes them a token of choice for Investors;

Momobox;

The Binance NFT Marketplace recently announced the MOBOX MOMOverse Mystery Box Collection that will be available for sale exclusively to users who participated in the Binance Mini Program MOBOX events in December 2021 and receive a MOBOX NFT Avatar in their accounts. The launch of the collection will follow the new NFT Prerequisite feature as part of the Subscription Mechanism.New NFT Prerequisite FeatureWith this MOBOX MOMOverse Mystery Box Collection, Binance NFT will be introducing NFT holding as a new prerequisite for the Subscription Mechanism. This brings new use cases and additional value to NFTs, as NFT holders can participate in the latest drops and releases on Binance NFT made exclusively available to them.

What Is MOBOX (MBOX)?MOBOX is a gaming platform combining automated, optimized DeFi yield farming and gaming NFTs to create GameFi. MBOX is the native utility token of the platform, and is used as in-game currency, and for governance, staking, opening NFT mystery boxes and participating in NFT auctions.MOBOX MOMOverse Mystery BoxThe NFT collection features lovable and unique MOMOs. Each MOMO has a random hashpower with unique attributes that can be used within games. Focusing on NFT interoperability, the MOMOs can be used across all current and future games on the MOBOX platform. The collection will be available exclusively to users who participated in Binance Mini Program MOBOX events in December 2021 and receive a MOBOX NFT Avatar in their accounts.Each Mystery Box contains one NFT and is priced at 0.001 BNB. The 5,000 NFT Mystery Boxes amount to a total estimated value of $1,000,000 based on the market price as of 2022-02-18 (UTC)). The Mystery Boxes consist of NFTs in 6 different rarity levels: Common, Uncommon, Unique, Rare, Epic and Legendary.This exclusive Mystery Box collection sale includes only 1 Legendary MOMO NFT with an estimated value of $250,000, 3 Epic MOMO NFTs each with an estimated value of $7,000, and 146 Rare MOMO NFTs each with an estimated value of $1,700.

NFT Avatar Airdrop for MOBOX Binance Mini Program Users Prior to the start of the MOBOX MOMOverse Mystery Box Collection sale on 2022-02-23 00:00 (UTC), a MOBOX NFT Avatar will be airdropped by 2022-02-22 00:00 (UTC) to users who participated in the Binance Mini Program MOBOX events in December 2021. The MOBOX NFT Avatar giveaway is to show appreciation for users who participated in the Binance Mini Program MOBOX events and continue to trade NFTs on Binance NFT.Eligible users will need to login with the same email addresses used for registering for the MOBOX Binance Mini Program to view the MOBOX NFT Avatar under the Assets section in the NFT User Center on Binance NFT.Users are required to lock the MOBOX NFT Avatar under the NFT Prerequisite on the MOBOX MOMOverse sale page during the Preparation Phase of the Subscription Mechanism to participate in the MOBOX MOMOverse sale.

Decentraland:

Users of Decentraland can buy and sell digital real estate, explore, interact and play games within the metaverse also powered by Decentraland. The platform also supports interactive apps, in-world payments and peer-to-peer communication for its users. 

As with many Metaverse and Play-to-Earn (P2E) platforms, there are usually two or more types of tokens that govern their operations. In the case of Decentraland, the platform uses two tokens which are LAND and MANA.  

LAND is a non-fungible token (NFT) used to define the ownership of land parcels representing digital real estate while MANA is the native token of the platform that facilitates purchases of LAND, as well as virtual goods and services used on the platform. Also, MANA acts like a governing token for the platform. This means it gives users the ability to vote on policy updates, LAND auctions and subsidies to improve the platform. Also, when LAND is auctioned, the MANA tokens used to purchase the parcels are burned, or removed from circulation, making the supply of MANA deflationary. 

Decentraland has been the platform to go to for many institutional investors. JPMorgan, one of Wall Street’s and America’s largest banks, becomes the first major banking giant to establish itself in the Metaverse by opening a lounge in Decentraland, an Ethereum based metaverse, created based on blockchain technology. Asides from this, in January, electronics giant Samsung opened a version of its New York store in Decentraland and in November 2021, Barbados established a metaverse embassy in Decentraland. Also, two weeks ago, Decentraland hosted the first-ever metaverse wedding. 

Decentraland’s MANA is the top-performing metaverse token in terms of market capitalization. Its market capitalization currently stands at $5 billion. We are also seeing a lot of demand for the token as its trading volume has spiked by over 80% in the last 24 hours. It currently trades $2.70 as of the time of this writing. 

Sandbox

The Sandbox uses several token types to ensure a circular economy between all the types of users who will interact with the platform: players, creators, curators, and landowners. The main token types are SAND, LAND and ASSETS. 

SAND is the native token of the Sandbox metaverse and it is used within the platform as the basis for all of the ecosystem’s transactions and interactions. LAND is a digital piece of real estate in The Sandbox metaverse. Players buy LAND in order to populate it with games, assets and interactive experiences. Each LAND is a unique (non-fungible) token lying on the public Ethereum blockchain (ERC-721). ASSETS are tokens created by players who build/assemble user-generated content (UGC). ASSETS utilize the ERC-1155 standard and can be traded on the marketplace, with their main utility being to serve as creative elements in The Sandbox Game Maker. 

The Sandbox team has secured over 165 partnerships to develop content on the platform, including brands like Shaun the Sheep, DApp game studios like Dapper Labs (CryptoKitties), investors such as Square Enix (Final Fantasy, Tomb Raider), and iconic game companies like ATARI (Rollercoaster Tycoon, Pong). These partners secured their own virtual real estate in The Sandbox metaverse. Also, the platform has partnerships with the likes of Snoop Dogg, The Walking Dead, The Smurfs and Care Bears. Binance, Bored Ape Yacht Club, Socios, the Winklevoss twins and CoinMarketCap have all bought digital land in the metaverse of The Sandbox. 

In a series B funding round in November 2021, Sandbox was able to raise $93 million to help the platform expand its NFT metaverse. The funding round was led by SoftBank Vision Fund 2, which is SoftBank’s first investment into crypto assets. Other companies like Animoca Brands, True Global Ventures, Galaxy Interactive, SCB 10X, Polygon Studios, Samsung Next participated in the funding round. 

Sandbox’s SAND token is the second top-performing metaverse token in terms of market capitalization. Its market capitalization currently stands at $3.6 billion. We are also seeing a lot of demand for the token as its trading volume has spiked by over 50% in the last 24 hours. It currently trades $3.27 as of the time of this writing. 

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