Connect with us

Metaverse

Top 3 Metaverse Crypto Coins Below $200 Million Market Cap to Watch in June 2022 – The VR Soldier

Published

on

With the crypto bear market in full effect, Metaverse crypto coins are trading for low prices, making it an excellent opportunity to start accumulating projects for the next bull run. While this bear market is prolonged, markets are cyclical, and a bull market is bound to follow sooner rather than later. This means if you’re invested in the right projects, you could see significant returns in a short period of time. Today we look at our pick of the top three Metaverse crypto coins with a market cap below $200 million to keep a close eye on in June 2022.
Note: The list below is ordered by the current market capitalization, lowest to highest.
Launched in August 2021, Radio Caca (RACA) is one of our top picks for the most underrated Metaverse crypto coins, with a market cap below $200 million. Radio Caca features an ecosystem of dApps built on Ethereum consisting of a Metaverse game Metamon, the United States of Mars Metaverse, and one of the leading NFT marketplaces by trading volume.

Radio Caca (RACA) includes a robust community surrounding the project. Its Metamon game is a top-rated NFT-based game enabling users to earn rewards via its platform, perfect for those looking to get their foot in the door with NFT-based gaming. In addition, Radio Caca’s USM Metaverse is similar to Decentraland, offering a 3D experience for users to explore different plots of land and providing an engaging and immersive environment.
Even with the recent bear market, Radio Caca’s OpenPFP NFT marketplace traded over $40 million in assets within the first month of its launch, placing it in the top-five NFT marketplaces on Ethereum based on volume.
With a current market capitalization of $102 million and a healthy 24-hour trading volume of $19 million, Radio Caca is a must-watch in June 2022 and beyond.
The primary ERC-20 and BEP-20 utility asset for Radio Caca is the RACA token, living on the BNB and Ethereum chains. RACA can be used to buy NFTs, interact with its Metaverse, and provides governance utility to the project.
You can purchase RACA on Gate.io, PancakeSwap, KuCoin, Gate.io, Poloniex, Huobi Global, etc.
Launched in December 2017, WAX (WAXP) is a leading blockchain built explicitly for Metaverse and NFT applications requiring high on-chain interaction and fast transactions. WAX hosts the most popular blockchain games on the market, including Alien Worlds, Splinterlands, Farmers World, and the recently released Mining Network.
If you haven’t heard about Mining Network, check out this review from The VR Soldier:
MiningNetwork Review – Most Popular Play-to-Earn NFT Game on WAX
Metaverse crypto coins wax
The WAX blockchain is a newbie-friendly chain because of its integration with the WAX Cloud Wallet. Users don’t need to download third-party chrome extensions or apps like MetaMask or Phantom to interact with the various ecosystems on WAX. Simply log in with your Gmail or Twitter account to WAX’s cloud wallet and enjoy a seamless experience across the WAX ecosystem.
Moreover, WAX includes a unique approach to transaction fees, removing the need for gas fees by utilizing a delegated proof of stake mechanism. WAX uses CPU, NET, and RAM resources which can be obtained by staking WAX tokens to pay for transactions. To obtain said resources, users must stake WAXP tokens and can unstake the WAXP tokens at any time to “get their money back” for any transaction fees.
WAXP is the primary utility asset on the platform, allowing users to stake it for rewards, buy items, interact with various games and Metaverses, and participate in governance.
With a current market cap of $173 million, WAX is highly undervalued and as the leading blockchain for the most popular NFT and Metaverse games, taking a long bet on WAXP isn’t the worst idea.
You can purchase WAXP on KuCoin, Bitfinex, Gate.io, Crypto.com, Huobi Global, Binance, etc.
Launched in March 2018, Ontology (ONT) is another highly underrated Metaverse crypto project looking to build an identity system across the Metaverse. One way to describe Ontology is the Ethereum Name Service of the Metaverse. Ontology provides a shortened wallet address comparable to domain names for users to consolidate their identity across several platforms and services.
ontology wing finance
Ontology can be categorized as a layer-2 solution for NFTs and the Metaverse, similar to Polygon. However, while Polygon is looking to solve the issue of high transaction fees, Ontology is looking to solve the problem of fragmented identity systems across various digital worlds and projects.
Moreover, Ontology features a finance dashboard, Wing Finance, a DeFi lending protocol that integrates a reputation scoring system utilizing ONT ID. The platform’s finance dashboard allows users to generate passive income, and we recommend checking it out.
ONT is the primary utility asset for Ontology, a BEP-20 digital asset living on the BNB chain. ONT is used in Wing Finance and several services in Ontology.
You can purchase ONT on Crypto.com, KuCoin, OKX, Huobi Global, ProBit Global, FMFW.io, Binance, etc.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.
Follow us on Twitter @thevrsoldier to stay updated with the latest Crypto, NFT, and Metaverse news!
Image Source: designprojects/123RF
Click to subscribe to our weekly newsletter
Xchange Monster (MXCH) is a GameFi platform aiming to create a new dynamic catering to the needs of gamers and…
© 2022 The VR Soldier
© 2022 The VR Soldier

source

Metaverse

Metaverse Crypto Index Fund Launched by Matthew Ball, Multicoin, and Bitwise – Decrypt

Published

on

Search
There's a wide array of crypto builders working to bring the metaverse to life, whether it's via platforms, tools, assets, or infrastructure. Now one of the leading voices around the metaverse has launched an index fund focused on crypto assets tied to the next-generation internet.
Today, writer and venture capitalist Matthew Ball announced a partnership with Multicoin Capital and Bitwise Asset Management to launch the Ball Multicoin Bitwise Metaverse Index. Bitwise has also made an associated fund available to qualified purchasers.
"We developed the Ball Multicoin Bitwise Metaverse Index Fund because, prior to today, there was no easy, expert, and methodologically diversified way for investors to have broad-based exposure to bona fide metaverse-focused crypto assets," Ball told Decrypt.
"To this end, the Index doesn't exist to time Event A or Market Conditions B. It exists so that investors can participate in what we believe is a multi-trillion dollar transformation, which will unfold over the coming decade," he continued. "If blockchain is relevant to the future of the metaverse, and our approach is sound, we believe the opportunity is significant—today, tomorrow, next month, and so forth."
The index will feature up to 40 crypto assets chosen by the partners, but a list of included assets was not provided to Decrypt by the time of publication. Bitwise's associated fund is available to qualified purchasers with a $100,000 minimum investment.
Ball described the Ball Multicoin Bitwise Metaverse Index as a "rules-driven index that combines the best of institutional indexing approaches with special adaptations to the crypto and metaverse spaces. That includes various risk screens, such as analyzing liquidity, developer activity, tech and regulatory risk, and "relevancy to the metaverse," said Ball.
"The ultimate goal is to curate the crypto assets that will be outsized contributors to the creation and success of an open metaverse," he added.
The metaverse refers to a future version of the internet that many believe will be built on blockchain technology. It's expected to be a more immersive and interactive experience that people navigate via 3D avatars and use for work, play, shopping, and socializing. It may also use NFT assets for user-owned items like avatars, apparel, and virtual land.
Ethereum-based games like Decentraland and The Sandbox are seen as early examples of the metaverse.
Facebook also showcased its own vision for the space and even rebranded its parent company to Meta last fall. However, it's not entirely clear whether Facebook's plan is for an open platform that is interoperable with others.
Ball is a leading writer on the metaverse whose work has been published in The New York Times, The Economist, and Bloomberg. His book, "The Metaverse: And How It Will Revolutionize Everything," is due out from W.W. Norton in July.
He's also a managing partner at EpyllionCo, which has invested in crypto startups such as Dapper Labs and Mirror, as well as a venture partner at Makers Fund. Ball is also behind the Roundhill Ball Metaverse ETF, which focuses on metaverse-centric stocks and trades on the New York Stock Exchange.
"Our objective was the creation of a diversified, balanced, and expertly-designed crypto Metaverse Index," explained Multicoin Capital co-founder and managing partner, Kyle Samani.
"This required a similarly capable team," he continued. "Matthew Ball is the definitive thought-leader in metaverse strategy and investing. We specialize in crypto assets and are one of the preeminent crypto investment firms. And Bitwise Asset Management is the proven leader in crypto indexes and index funds."

source

Continue Reading

Metaverse

Meta's losses show the metaverse's costly risk – Insider Intelligence

Published

on

source

Continue Reading

Metaverse

Facebook parent Meta launches startup accelerator with India’s IT ministry in metaverse push – TechCrunch

Published

on

Meta Platforms is looking at India’s burgeoning startup ecosystem as it bolsters its bet on the metaverse. The social juggernaut has partnered with the Indian IT Ministry’s startup hub to launch an accelerator in the country to broaden innovation in emerging technologies, including augmented reality and virtual reality, officials said Tuesday.
MeitY Startup Hub and Meta’s effort, called XR Startup Program, will work with 40 early-stage startups and help them in research and development and developing workable products and services. Each startup will also receive a grant of over $25,000, the American giant said.
The program, supported by Meta’s $50 million XR Programs and Research Fund, will initially hand pick 80 startups to attend a bootcamp. It will also help startups with finding customers, inking relationships and raising funds, Meta said.
Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, said the program is especially aimed at helping encourage technology innovation in smaller cities and towns.
The XR Startup Program is the latest of Meta’s growing participation in the South Asian market’s upskilling efforts. The firm, whose Facebook and WhatsApp services identify India as their largest market by users, partnered with Central Board of Secondary Education, a government body that oversees education in private and public schools in the country, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students and educators in the country.
The program — to be implemented by four Indian institutions, including IIT Delhi — will also host a “grand challenge” for innovation in categories including education, healthcare, entertainment, agritech, climate action, sustainability and tourism, the American giant said.
“India will play a pivotal role in defining future technologies. Decisions and investments made here in India now shape global discussions on how technology can deliver more economic opportunity and better outcomes for people. It is critical that we help to create an ecosystem that will enable India’s tech startups and innovators to build the foundations of the metaverse,” said Joel Kaplan, VP of Global Policy at Meta, in a statement.
Meta’s interest with working with startups in India is also not newly found. The company has backed three startups in the country, including social commerce platform Meesho and online education group Unacademy.
3 views: Is the metaverse for work or play?

“India’s rapid tech adoption combined with a vast pool of tech talent puts the country in a vantage position for shaping the future of the internet,” said Ajit Mohan, VP and MD of Facebook India, in a statement.
“For this future to be equitable, it will require active participation from all stakeholders, including developers, businesses, creators, policymakers, and entrepreneurs. We are excited to collaborate with MeitY Startup Hub and hope that the XR Startup Program will act as a catalyst to unlock the use of immersive technology across sectors like education, healthcare, agritech and tourism, not only in India but across the globe.”

source

Continue Reading

Trending

Copyright © Diaily Meta News