Metaverse: a world like ours
During our research we have found out that many people are still wondering what a metaverse is. Because of that, we would like to share our definition of the metaverse and reveal the stages we will go through before the system becomes totally seamless and similar to the current world we are living in.
According to the Goldman Sachs report, the metaverse is a virtual ecosystem where users can interact, experience, transact and generate value together.
Nowadays, brands like Adidas, Nike, Gucci etc.. have already bought a piece of land or NFTs in the metaverse with a hope to bring consumer behaviour brand values from real life into the virtual world.
Big brands see the metaverse as a trendy and fun place where they can redefine the way these brands do business with their consumers, unlocking a successful multi trillion dollar industry.
Expected stages of the future metaverse:
Source: News Articles, PlayerCounter
‘Wilder World’ Metaverse
Wilder World is a metaverse project like no other because it is the first project to be built on a full scale platform, making the ‘experience’ factor very photorealistic.
The project has taken the lead by building an immersive 5D metaverse. This will allow people to interact as naturally as possible in an attempt to reach the long-term commitment to a fully open and decentralized metaverse.
Source: Youtube
The technology that will power up such a type of metaverse is backed by the ZERO platform. There are already a few channels recommending Wilder World as the top 10 best metaverse projects for the upcoming 2022. The token is already available on exchanges and it can be bought on Gate.io, Uniswap and Kucoin.
Features that other metaverse competitors do not have
Source: Hackernoon
Netvrk x Dopamine
Another company constantly upgrading its metaverse capabilities is Netvrk. We had a couple of mentions about this project in the past issues, with Metabrands and EQUIFi partnerships that have brought real life utility in the metaverse of Netvrk (check here).
Recently, Netvrk has also managed to partner up with Dopamine, the first end-to-end user-centered crypto mobile app with over 3 million downloads.
Source: Netvrk.medium.com
Individuals can interact with DeFi protocols, watch their favorite influencers, research and browse coins, and produce their own content.
Users will also have the possibility to buy and sell crypto without using a centralized exchange through integrated decentralized exchanges within the app.
All these all-in-one features will be successfully brought into Netvrk’s metaverse.
NFT’s have become more popular than crypto assets
The cause of this trend is probably due to the stagnant period of Bitcoin movement since it is in a consolidation phase. Another reason is the fact that NFTs have just gone mainstream later this year, giving a higher exposure in the search engines.
Source: Google Trends
Despite the current trends, NFT is considered to be a high risk / high reward space. Around half of the NFT market has massively depreciated in value. Cases like the 48% fall from the crypto punk collection or the 22% drop by the Bored Ape Yacht Club NFT indicate that investors have to pay even more attention in the price action and be quicker into taking profits once the peak has been reached.
Borrow funds against NFTs
To make things even more exciting, the popular major exchange Kraken, has allowed users to borrow funds against NFTs. Because of the NFT craze, Kraken wanted to be ahead of the game and give to the investor maximal exposure with the new borrowing possibility.
Main NFT project news and releases
👾 Hero Arena NFT - 28 - 31 December
👾 Star Atlas $3 million NFT sale to Aminoca Brands
About Aminoca Brands:
Source: Statista.com
GameFi updates
It is believed that nearly 50% of blockchain usage comes from games. GameFi has officially surpassed DeFi as the leading category this year with more than 1.4 million Unique Active Wallets (UAW) connected on a daily basis to blockchain games.
Top GameFi projects that gained attention:
🎮 StarSharks - $4,8 million in private funding
🎮 Shrapnel - AAA shooter game
Sustainability in blockchain gaming
🌿 Senzu World x Enjin 🌿
Senzu World is a Play to Earn (P2E) adventure RPG with an open beta planned to be launched in Q3 2022. The purpose of the game is to collect and grow digital Senzu Trees.
Planting digital “NFTrees” will also help to fight real-world deforestation and habitat loss. 20% of profits from both the NFT collection Senzu Seeds and game transactions will be donated to One Tree Planted.
There is still some way until the official release but the idea itself is very original and also helps to solve real world problems.
Senzu World has decided to adopt the gameplay on the Enjin’s Efinity Polkadot parachain.
Source: Youtube
Phantasma: Certified Carbon Negative Blockchain
Phantasma is a blockchain that uses very little energy. Because of its eco-friendly Proof of Stake variant protocol, Phantasma servers can communicate and confirm transactions without having to perform infinitely difficult calculations.
As a result, the entire Phantasma blockchain uses only 52,500 kWh per year, which is equivalent to the energy consumption of just five normal American houses.
Source: Phantasma.io
An analysis of large cap coins for a strong growth in 2022
There are 2 particular large-cap coins that have caught our attention: Polygon and Enjin.
💰Polygon
There have been many news about Polygon Matic such as the Uniswap integration on the Matic’s network. In addition, the firm has completed the deal with Opera Software web browser and built endless partnerships that serve Polygon as the number one solution for scaling capabilities. These key reasons will lead to an increased usage of the network and growth-led acquisition.
💰Enjin
The second one is Enjin. This company has also created many important partnerships (Twitch, Aknoledger, NewsCryptoVerse, Senzu World), helping to implement their projects and accelerate the metaverse development in Enjin’s ecosystem. The second factor why we are bullish on Enjin for the long term is the fact that it is one of the most mentioned coins on social medias and it still did not have the same rally as Sandbox or Mana.
The final strong evidence that helps us to predict the growth of our 2 chosen coins is the possibility of tracking which tokens whale investors are buying, holding or selling the most. In this case we see both Polygon and Enjin as part of whales’ holdings.