The term metaverse refers to a fully formed digital world that exists beyond the one we live in. It is a digital avatar-based universe. It’s an environment in which users can interact, play games, and experience things or activities much like they would in the real world. Meta, according to experts, is the next big thing in the crypto industry. Polygon is one of the most popular metaverse platforms. It is ideal for crypto projects that require a lot of on-chain engagement because it has minimal costs and fast transactions.
We look at the best 5 Polygon metaverse projects in this article, and while we think they’re solid investments, we are not offering any professional investing advice. You are solely responsible for your finances if you choose to invest in them.
What is a polygon blockchain?
It is a cryptocurrency with the symbol MATIC and a technology platform that connects and scales blockchain networks. The platform connects Ethereum-based projects and runs on the Ethereum blockchain. With the platform’s help, the project’s flexibility, scalability, and sovereignty may be increased while maintaining the Ethereum blockchain’s security, interoperability, and structural benefits.
MATIC is an Ethereum-based digital currency that is compatible with other ERC-20 tokens. MATIC manages, secures, and pays network transaction fees on the Polygon network. Polygon employs a modified proof-of-stake consensus algorithm that allows for consensus on each block. The Polygon network intends to overcome the Ethereum platform’s constraints as a supplementary scaling solution, especially high transaction fees, and poor transaction processing times.
It is an Ethereum-based crypto collectible game in which players may buy and grow Aavegotchis, which are Non-Fungible Token (NFT) avatars that are used to explore and interact with Aavegotchi’s digital realm. A cartoon ghost illustrates Aavegotchis, thus the name for the linked token: GHST.
Each Aavegotchi avatar is a digital collectible with its own set of characteristics that are determined by a rarity score. To compute the score, they use specific character qualities, wearables tied to the avatar, a kinship score based on how often the player interacts with the avatar, and the number of Aave-powered Tokens staked to the avatar.
The platform incorporates many popular aspects of crypto into one unified platform: decentralized finance (DeFi), blockchain gaming, staking, and digital land ownership. Its ecosystem’s principal utility token, GHST, is used to buy and sell products within the Aavegotchi world, including Aavegotchis themselves. GHST can be staked for extra rewards and exchanged between users in the same way that other cryptocurrencies can.
Polylend is a Layer-2 lending aggregator. On the Polygon blockchain, it promises to improve the loan process and give revenue opportunities. It also chooses the best investment platform and optimizes financial services. It concentrates on a broader range of Layer-2 assets as collaterals (e.g., DeFi assets, NFTs, and other longtail coins).
Polylend makes collateral-repay and leverage functionalities available to the general public. It aims to link lending pools from various multi-chains and Rollup solutions. To achieve the limitless increase of liquidity and diversity in the tide of Layer-2, it pools all of the rising but fragmented lending markets.
Pinkslip Finance is a metaverse drag racing game in which players compete by purchasing NFTs that symbolize cars. Users can compete for the ecosystem’s PSLIP token by racing one other. They can then spend this money to earn rewards, enter more races, or buy new automobiles.
It should be noted that a user can only purchase 3 NFTs from the platform; after that, the only method to obtain further NFTs is to win drag races. As a result, the game’s architecture ensures that gamers will participate in drag races on a regular basis. This, in turn, affects the demand for PSLIP tokens, which are used to purchase NFTs and bet in the races.
Ultimately, the goal is to provide a way for players to earn passive revenue by obtaining a staking pass. The staking pass enables users to participate in the PSLIP staking pool and earn additional PLSIP tokens.
It is the first DeFi+NFT cross-chain game, with each continent, such as the initial Atlantis continent, developed on a distinct blockchain network. There will be up to 26 continents in the game, each of which will be deployed on its own public chain.
It combines a variety of gaming elements, such as management, collection, education, gene, battle, auction, and game, all of which are always growing. Players have their own NFT territory where they can mine 5 resources and develop architecture using NFT mining tools called “Drills” and mining characters called Apostles.
Users can exchange land, apostles, and resources, employ labor, and even discover their apostle’s soulmate on the in-game marketplace. All prices are set by players, who are influenced by demand and supply. In any case, there is no price restriction. It also provides more professional options and social positions, such as warrior, doctor, musician, and so on. Each apostle will be able to discover his or her proper location.
SneakerFreakz NFT Metaverse Collection
SneakerFreakz is based on more than 20 different styles of sneakers. Only 168 genesis NFTs with various rarities are generated when Sneakerfreakz mixes many qualities such as shoes, socks, skin, and backdrop. As the NFT mania has acquired a huge pace this year, the NFT has seen artworks sold at record prices, ape avatars purchased for millions by celebrities and businesses, and games that have allowed users to replace their income.
Genesis holders will receive profits from metaverse NFT wearables as well as free airdrops for the wearables. Genesis v1 grants you free airdrops of the wearables. On Decentraland, batch 1 is already live. You’ll also get a cut of all wearable sales profits. V2 is the free mint, which entitles you to discounted wearable drops and free entry to the metaverse parties.
Polygon is a Blockchain platform created by developers for developers that runs on a multichain system with low transaction gas fees, quick connections, and network security. Polygon is one of the most popular metaverse platforms. The top 5 polygon metaverse projects include Aavegotchi, Polylend, Pinkslip Finance, Evolution Land, and SneakerFreakz.