5 Innovative NFT Metaverse Projects for 2023

One of the latest exciting developments in the blockchain sector has been the emergence of NFT and metaverse projects, which are attracting significant support from large corporations and prominent investors.

Since then, several crypto projects have merged playable NFTs with the metaverse using blockchain technology to introduce more unimaginable use cases to investors. As a result, the most innovative NFT collections are those that offer metaverse experiences.

But in 2023, it can be challenging for any investor to evaluate and find the best NFT metaverse projects. To help, this article reviews five innovative NFT metaverse projects for 2023.

The sandbox

Sandbox is among the world’s most popular play-to-earn (P2E) metaverses. It is a user-created experience platform, and users are given the resources they need to create non-fungible elements in the ecosystem. This means players are supporting the game’s economy, and more cosmetic items will be added over time.

As a result, almost anything is possible – from interactive games to metaverse casinos to events and structural designs and even wearables. This gives The Sandbox improved replay value and provides more reasons for users to invest in SAND, the Sandbox tool.

To incentivize the platform, creators can sell their creations on the game’s marketplace to earn SAND, which can be exchanged for fiat. Overall, Sandbox is more than a game, as users can create anything. And with thousands of NFTs in the ecosystem, it is clear that the project is and will remain popular among players.

Looking Glass Labs

Looking Glass Labs (LGL) is a Web3 platform that focuses on NFT architecture, immersive metaverse environments, games to earn tokenization, and royalty streams for virtual assets. The company aims to build the next generation social metaverse, bringing Web3 metaverse experiences to life.

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The flagship brand, House of Kibaa (HoK), creates and curates a next-generation metaverse for 3D assets, enabling the co-existence of functional art and collectibles across multiple NFT blockchain platforms.

In May 2021, HoK launched its limited Genesis NFTs (only 809 Genesis NFTs), selling at $500/Genesis NFT. Early adopters were given access to private sales of NFT collectibles created by the project. Within four weeks, HOK’s membership sales totaled 490,000 dollars. After the membership launch, HOK earned an additional $305,000 in royalties when the memberships were resold to collectors.

Furthermore, GenZeroes, one of the successful digital assets released by HoK, sold out in just 37 minutes for CAD 6.2 million ($4.5 million), plus a perpetual 5% royalty stream on secondary market sales.

In addition, HOK management is working to create a cross-chain ecosystem for 3D digital assets that will enable NFTs to retain their functionality and co-exist across different NFT blockchain environments. The HOK utility token will be the medium of exchange across LGL platforms, allowing users to earn, trade, exchange and spend within the LGL metaverse.

Socios.com/Chiliz

Socios.com, a blockchain startup, is among the top providers of sports fan tokens. Fan tokens, sometimes referred to as fan coins, are digital assets that represent a holder’s ownership of a voting right in a particular organization. This gives them access to special incentives and experiences linked to the organisation.

The Malta-based firm has partnered with football teams such as Juventus, FC Barcelona, ​​Manchester City and PSG. For example, in June 2020 FC Barcelona issued its first $BAR token and generated $1.3 million from the sale of 600,000 tokens which sold out within two hours.

In 2022, the PSG token reached a sales volume of 15 billion dollars, driven by the real success of the club and the acquisition of the legendary player Lionel Messi. In addition, Socios.com also partnered with the UFC in the summer of 2021 to launch the $UFC fan token. This allowed the UFC to join a strong network that already contained several major global sports properties.

The Fan tokens are minted on the blockchain platform, Chiliz, Socios.com’s sister organization. This has propelled Chiliz’s original token, CHZ, into the top 100 cryptocurrencies in the world.

Hurt

With 135 fully licensed clubs, including Real Madrid, Bayern Munich, Liverpool and Paris Saint-Germain, Sorare is a leading NFT platform for football. The Paris-based firm has attracted investment from notable personalities, including entrepreneur Gary Vaynerchuk and footballers Gérard Piqué and Antoine Griezmann.

Unlike other football NFT platforms, Sorare is a fantasy game. Users, pretending to be managers, select virtual teams of five soccer players from blockchain cards. Like other fantasy football games, the virtual teams are ranked and awarded points based on the real performance of their players.

Additionally, some cards (rare, super rare, and unique) are licensed and tradable digital collectibles that can be sold on the Sorare marketplace. In January 2022, a unique 2021-22 Erling Haaland card sold for $678,680 on the marketplace, becoming the most expensive card sold on the platform.

Pooky

Polygon-based Pooky is a unique blockchain gaming platform for predicting soccer matches. Pooky’s main goal is to allow users to predict soccer matches from the world’s best leagues and tournaments.

Traditional Web2 gaming platforms always offer high-risk, high-reward and no-risk, no-reward modes for their free-to-play modes, which often see many users lose significant funds. So stop losing, don’t go broke, predict smarter with Pooky. Pooky is different, introducing a model where players have no risk of losing and always win something. Everyone wins at Pooky!

Pooky gives players ownership of digital collectibles (3D Pookyballs) that allow them to make predictions, earn rewards, win Experience Points (PXP) and compete for top positions on Pooky Leaderboards. The best part is that predictions don’t have to be 100% correct to win. As players rise through the ranks, they can level up, customize, craft and increase the value of their Pooky Balls to earn extra rewards.

In February 2023, Pooky launched its Genesis Collection Pookyball NFTs to give users early access to the gamified, risk-free alternative to soccer betting.

Pooky’s risk-free model promotes a healthy alternative to traditional sports betting while enabling global reach. Pooky supports social interaction and entertainment while building community on and off the platform. The platform aims to return to the basics of sports prediction – challenge friends and show off your in-depth knowledge of the world’s most beautiful game.

Exit

In this article, we’ve reviewed five innovative metaverse projects for 2023. While each project has unique prospects, two stood out in particular.

While Looking Glass Labs (LGL) is an exciting Web3 project that combines NFT ownership and games to earn tokenization with metaverse environments, Pooky has the potential to revolutionize the soccer prediction industry with its risk-free model. Both projects also have great teams behind them and a clear roadmap.

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