The metaverse is the latest buzzword among technical circles everywhere. This virtual world technology is often marketed as a fun place to play games and interact with other users. But that is not the case anymore. In fact, the vast world of virtual reality can offer companies many business opportunities. Due to the vast popularity of metaverse technology, investors are flocking toward any metaverse-related project that is perceived to explode in the near future.
Two of these projects are Decentraland and Tamadoge, glaring examples of blockchain-based metaverse projects along with Dash2Trade, IMPT.io, and Calvaria. While Decentraland is a veteran in this field, Tamadoge is a relatively new project which is capturing the minds of investors. But if we had to choose between the two when it comes to metaverse projects, which one would it be?
As one of the newest meme coins in the market, Tamadoge pushes the boundaries when it comes to play-to-earn models. It also includes its own metaverse called the Tamaverse. The project lets users own their own virtual pets in a fun, unique, and creative way. The project was launched in July 2022 as a deflationary cryptocurrency.
Inside the Tamaverse, users can create and own their own Tamadoge pets. Once their pets reach a certain stage, users use them to fight with one another and climb up the leaderboard by receiving Dogepoints as rewards. Users with the most points at the end of a month are entitled to claim their rewards from the monthly Dogepool.
The project's native token, TAMA, is the gateway token of the Tamaverse. It is an ERC-20 token with a total supply of 2 billion. It can be used to mint pets as they want. The virtual pets are represented as NFTs, which can also be traded. The project has several ideas and plans to increase future Play-to-earn opportunities to expand AR experiences.
Tamadoge has recently partnered with Transak for fiat payments. It will allow users to buy Ethereum with local payments and cards using Transak from more than 125 nations. With this partnership, users can buy ETH using SEPA, MAYA, Pix, GooglePay, ApplePay, Credit/Debit cards, or any of the 28+ payment methods allowed by Transak.
Tamadoge's tokenometrics is very unique. Of the 2 billion in total supply, 1 billion were available at the token generation event. About 400 million were left unminted and allocated towards exchange listings. The remaining 600 million tokens are expected to be minted over the next 10 years to power the project.
The official presale of the project raised over $19 million ahead of time. Even after this, the number of interested parties keeps on increasing. After successfully concluding the presale, Tamadoge also announced its IEO listing on OKX, after which it was listed on MEXC.
The Tamadoge project is still in its earliest stages and has already broken records and created a massive community. Listings on exchanges such as MEXC, LBank, and OKX have kicked its growth into overdrive, which has pushed the value of the token to new highs. As time passes, Tamadoge has all it takes to become the most valuable metaverse-driven project that exists.
Decentraland is one of the oldest experimental gaming ecosystems in existence, which combines virtual reality with blockchain technologies. Founded in 2016 as a simple 2D experience, Decentraland has transformed immensely to offer a 3D world filled with customizable land, activities, arts, and more.
Decentraland consists of 90,000 plots of virtual land, which are actually NFTs. This allows any user to buy cheap land NFTs and sell them, thereby becoming a virtual real-estate mogul. Users can also increase their land value by adding artwork, fun activities, and other improvements. With celebrities and brands starting to acquire property in the metaverse, Decentraland is on the right track.
One of the project's biggest features is its decentralization. Users can vote through the Decentraland DAO where anyone with a few MANA or plots of virtual land can create or vote on proposals. There are two main digital assets inside the Decentraland project – LAND and MANA. LAND is an NFT that is used for owning a virtual plot of land. MANA is the native token of Decentraland.
Decentraland uses Ethereum smart contracts to track the ownership of virtual land. Users can use the drag-and-drop editor and marketplace to build within Decentraland. They can purchase in-game items, and explore and interact with other plots of land owned by users. Users can participate in the in-game economy by purchasing digital art or exchanging it with other participants.
Virtual pieces of land are represented by each small square on the Decentraland map. A cluster of LAND parcels forms a district that conforms to common interests, styles, or communities. Users can find a host of activities, ranging from casino games, debating about startups, watching Minecraft scream, or simply looking at virtual real estate.
Decentraland is built on Ethereum and features a virtual economy based on building and monetizing the game experiences of users. Since it's also a DAO, MANA tokens can be used to vote on governance issues like developing the road map and changing its fee structure. This feature makes the project more democratic and gives more control to the developers.
The project has also attracted its fair share of partnerships, such as that with Samsung. This is a great step toward increasing mainstream adoption of the project.
Both Decentraland and Tamadoge are examples of vast metaverses that provide real-world utility. When it comes to Decentraland, it's an old project that has made significant strides in spreading awareness regarding the metaverse. However, Tamadoge has combined metaverse technology with a play-to-earn model that provides a lot of real-world utility. Hence, Tamadoge is expected to become one of the major metaverse projects of the future.
Speaking of new cryptos that hold immense potential in the near future, we simply cannot miss D2T, IMPT, and RIA—the three blockchain projects that are making the news lately.
Dash2Trade is an excellent social trading and crypto analytics platform that makes it easier for traders to take better decisions based on trading signals. The trading signals provided by the platform ensure better buy/sell opportunities. Moreover, Dash2Trade features social sentiment along with on-chain analysis to identify the trending coins at this moment.
Traders can also get access to strategy builder and social trading tools that help tarders to adopt new trading strategies along with a scoring system that alerts usres with profitable crypto presale.
D2T is currently going through the second phase of its presale and has raised $3,464,408.05 already out of $5,166,000. Only 34,031,839 D2T Tokens are still remaining, after which the presale will be about to hit the third stage.
The next on our list is IMPT, the green crypto that is crushing other new cryptos with its highly successful presale phase. The token is currently in stage 2 of its presale and has raised $11,619,068.573 in total. So far 635,611,676 have been sold and creators are anticipating that the second phase is going to end sooner than it is scheduled, just like the first stage of the presale.
The demand behind it lies in its potential to combine the initiative to preserve the environment with Blockchain technology. Users can get hold of carbon credits introduced by IMPT that can be received by shopping at selected brands that IMPT has partnered with. These credits can be minted into NFTs, which ensures that transparency is maintained thoroughly.
Calvaria is the latest P2E battle game that focuses on the mass adoption of crypto through the play-to-earn mechanism. Plates can compete with each other in this card game with their own set of skills and defeat opponents to get rewards and upgrades. However, Calvaria sets itself apart from other card games by letting the players own the in-game resources thanks to blockchain technology.
The token is in the third stage of its presale and has already raised 883,786 USDT. Out of a total number of 90,000,000 $RIA, the project has sold 66,689,321 $RIA so far, marking a 65% progress in stage 3.
We've taken a look at the details of both these metaverse projects—Decentraland and Tamadoge. While no one can accurately predict the future in the cryptocurrency market, Tamadoge has all the signs that point towards a bright future when it comes to valuation.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.