The host of popular crypto channel Coin Bureau is outlining which metaverse altcoins he believes investors should keep a close eye on.
Pseudonymous crypto analyst Guy tells his 1.7 million subscribers about three metaverse projects he thinks will have long-term success, starting with Axie Infinity (AXS).
Guy says that AXS started the play-to-earn gaming trend months before anyone else, and it is thriving despite its primitive aesthetics.
“I must admit that Axie isn’t much to look at…in fact, it primarily revolves around Pokemon-inspired characters that fight and breed in a straightforward game of strategy.
This NFT game is rather simplistic, however, it has thus far generated approximately 27,500 ETH in trading volume on OpenSea alone and counts over 30,000 active traders.
The root of Axie’s success stems from the fact that it gives users the ability to earn while playing the game, a revolutionary economic advancement.”
AXS is exchanging hands at $133.24 at time of writing, an 3.6% decrease from its seven-day of $138.27.
Next, Guy turns to The Sandbox (SAND), a blockchain-based virtual world where participants can buy, sell, and trade digital assets, such as non-fungible tokens (NFTs) and virtual plots of land.
Originally a 2D mobile game, The Sandbox was converted into a 3D metaverse built on Ethereum (ETH). According to Guy, the platform’s unique take on virtual real estate sets it apart.
“What I find particularly appealing about The Sandbox is its virtual land base metaverse. Lands are pieces of digital real estate within The Sandbox metaverse that players can buy to build experiences on top of.
This essentially means players can populate their land with in-game assets to create authentic gaming experiences.
The important thing to note here is that each land is classified and stored on-chain as an NFT on the Ethereum blockchain which makes lands tradeable and fully customizable.”
SAND is trading at $6.40 at time of writing.
Lastly, Guy turns toward Netvrk (NTVRK), a social virtual world that lets users create various types of NFTs and earn passive revenue by selling or leasing their property. Furthermore, it lets users buy “prime” real estate using tokens.
“This metaverse project furthermore lets users buy assets within its virtual domain, which include buildings, offices, vehicles, and houses, and anything you can think of.
Now imagine being able to use the platform’s tokens to purchase land in prime real estate hotspots, such as a cute studio loft overlooking the beach of a penthouse right in the heart of the city. Well with Netvrk, this is all very possible.”
NTVRK is exchanging hands at $6.80, a 21% increase from its seven-day low of $5.58.
ICheck Price Action
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/studiostoks