NFTs and metaverse coin projects were the hottest segments of the Web3 globe between Q1 2021 and Q2 2022. However, both have suffered a lot from the ongoing crypto winter. However, the right moment has come to check the NFT and metaverse coin prospects for 2023.
NFT collections to watch in 2023
Mutant Apes Yacht Club (MAYC)
Mutant Apes Yacht Club or Mutant Apes is a subsidiary of Bored Apes Yacht Club (BAYC), the most expensive and extravagant NFT collection in the Web3 segment. MAYC contains 20,000 Mutant Monkey-themed NFTs. The first generation was created on August 28, 2021. Yuga Labs, creator of BAYC, has announced that Mutant Apes can only be printed by BAYC owners ‘by exposing existing Bored Apes to a bottle of Mutant Serum’.
Technically, this means the integration of the BAYC token with the Serum NFT smart contract. At the same time, 50% of the first generation was sold at a Dutch auction, which raised $96 million in less than an hour. This collection was launched to attract an additional audience to the NFT segment after the BAYC tokens were sold. As of press date, the collection was the second largest NFT drop by market cap.
Churi Labs, a completely anonymous team of digital artists based in Los Angeles, released the Azuki collection in January 2022. The collection contains 10,000 avatars in Japanese style. All Azuki avatars are often called The Garden. Each character comes with their own hairstyle, clothes and accessories. Some are swords, a cup of coffee, a skateboard, etc. The design of the collection is curated by Meta veterans Zagabond, Hoshiboy and Location TBA.
The Azuki version pays homage to traditional Japanese anime art. The initial release of Azuki included 8,700 avatars, each costing $3,400. The first generation of Azuki was extinct in a matter of minutes. Another part of the NFTs was released by the developers in a private sale that raised $2 million.
CloneX is representative of the next generation NFT projects launched in mid-2022. The project is the first mainstream collection of RTFKT, a leading metaverse studio acquired by Nike. Developed in partnership with top Japanese artist Takashi Murakami, CloneX has become the exclusive club of the blue chip NFT collection.
A total of 20,000 CloneX NFT avatars belong to the six ‘normal’ subclasses or DNA types. These are: human, robot, angel, demon, reptilian, undead and two premium subclasses. Also, there are Murakami clones and aliens.
Metaverse coin projects to watch in 2023
Illivium is a cross-protocol open world role-playing game (RPG), originally published on the Ethereum Blockchain, available in a public beta. Alongside blockchain technology, Illuvium uses the scaling solution Immutable X for minimal fees and improved throughput. In Illuvium, players explore the digital world and search for local creatures (Illuvials).
In Illuvium, players compete with each other for in-game assets (NFT). It’s also possible for experienced Illuvium buffs to grow their illusions to unlock new game levels. Three modes of Iluvium are currently being introduced: Arena, Zero, and Overworld. While Illuvium Arena is available in beta, two advanced modes will be available to everyone soon.
My Neighbor Alice
My Neighbor Alice launched in January 2021. It invites its players to a magical world where cryptocurrency holders can buy and sell NFTs, buy virtual land, meet and socialize with each other. My Neighbor Alice is active on Ethereum, Cromia and BNB Chain. Meanwhile, it’s one of the first decentralized games to be made available on other mainstream gaming markets.
Houses, fences, animals and plants are the main in-game assets to be sold in My Neighbor Alice’s world. It is possible for people to form alliances and develop complex game strategies. The game is also available in a free-to-play mode. However, players must have ALICE tokens for missions and levels with crypto rewards.
Old but gold: Sandbox, Decentraland, Axie Infinity
The Big Three of the Metaverse are going through a painful bearish recession with 95-99% loss of core token value. But it still remains popular with cryptocurrency enthusiasts of varying levels of expertise. Sandbox is a collection of people, assets, brands, etc. An Ethereum-based metaverse that allows the creation of 3D avatars. It also works as a platform for interaction between ecosystems of various metaverses. The SAND token is a building block of its economic architecture.
Decentraland and its token MANA have acquired a new generation of players after critical upgrades. cryptocoin.com As you follow, it has been on the air since February 2020. That is why he is considered one of the veterans of the metaverse coin segment.
Axie Infinity (AXS) is receiving a lot of criticism for its unsustainable financial model. However, it remains the focus of professionals in the GameFi and NFT segments. In December 2022, the project developers decided to raise the level of decentralization. This triggered a double-digit price increase.