The metaverse has gotten a lot of attention over the past year, and rightfully so. Still, in its earliest form, the metaverse, or the idea of the metaverse, has already begun disrupting traditional businesses. From fortune 500 companies to up-and-coming content creators, the metaverse is changing the game.
What are the Big Metaverse Projects?
Metaverse projects have grown exponentially over the past 365 days, with some of the largest ones seeing hundreds of millions of dollars flowing in. With the early stage metaverses are currently in, people are coming at the problems from different angles.
One of the largest projects that has gained lots of attention is Sandbox (SAND). Sandbox is a metaverse project with digital land. After purchasing your very own digital land, You can choose what you would like to do with it. From building a metaverse business to renting your land, the possibilities are endless. Sandbox has drawn attention due to the large number of corporations purchasing land, including names like Tesla, Roblox and Atari among others.
OM metaverse is currently in development but has an extremely interesting concept, making it unique from others. It is being developed by a CryptoPunk NFT holder as virtual cities/towns. Land is not scarce and the barrier to entry will presumably be much lower than other projects.
With the biggest emphasis being put on decentralization and scale, and being built by a prominent member of the NFT community, this project will be well-positioned to be very popular.
A slightly different approach is being taken by Cavrnus, a platform that empowers corporations and creators alike to design and build their own metaverse. With top-notch VR avatar movements and AR features tying the metaverse to the physical world, things could get interesting. Features like video and audio feeds inside the metaverse are expected to be major draws for corporations building teams and worlds of their own.