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- Axie Infinity remains the top metaverse game by ROI.
- The Sandbox and Decentraland made it to the list.
- Axie was trading at 11.32 USD at the time of writing.
Play-to-Earn Games Offers Healthy Returns
Everybody is increasingly getting aware of what potential metaverse holds. Breakout of covid pandemic showed several people how virtual worlds can help. Philippines citizens enjoyed a healthy income while playing Axie Infinity on their devices. Recently, Crypto Rank, a data aggregator, revealed top 10 metaverse projects based on highest return on investment via Twitter.
Without any surprise, Axie Infinity has topped the charts. The image shows that the game offers a massive ROI of over 103X from their ecosystem, followed by The Sandbox (85.3X), Decentraland (25X) and more. Move-to-earn project Stepn made it to the list with 11.62X returns alongside My Neighbor Alice (11.51X).
Metaverse development is gaining a lot of traction lately with tech giants joining the race at a faster pace. Meta obviously remains the leading organization in this arena. According to research, the sector will grow at a whopping CAGR of 39.4% to become a 678 Billion USD industry. This will give a massive boost to metanomics in the future.
Though Meta is not the only player in this game. Other organizations like Microsoft, Nvidia, Epic Games are frequently working on digital spaces. And they are not doing it solely, infact, Microsoft landed a deal with Meta which will allow them to integrate Office 365 Suite in virtual worlds. A bold move to increase productivity in metaverse workspaces.
According to a Forbes report, Epic Games announced that they will invest in metaverse infrastructure developer Hadean. The gaming organization has its own virtual world, Fortnite. It started as a battle royale and went on to become one of the most beloved virtual spaces among the gaming community. Artists like Travis Scott, Justin Beiber and more have made appearances there during virtual concerts.
Another tech giant, Apple, is believed to become the fierce rival of Meta. The company is developing their own VR goggles which eventually got delayed to next year following some technical issues. Nvidia, the crown holder in the GPU sector, has developed Omniverse, a platform to develop metaverse applications.
Ready Player One remains the best example of the metaverse. The movie covered even the smallest aspects of digital worlds. From movement to economies, viewers will find everything in it.
Axie Infinity’s AXS was trading at a market value of 11.32 USD at the time of publication, uptrending by 11.32% in the past 24 hours. Meanwhile, The Sandbox and Decentraland too gained in their values as MANA rose by 5.67% and SAND by 8.34%. It appears like crypto winter has failed to affect the metaverse economy.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
