Coin Bureau Lists Top Five Undervalued Virtual Land Metaverse Projects
The pseudonymous host of popular Coin Bureau crypto YouTube channel, lists his top five most undervalued virtual land-based metaverse projects at the moment.
Axie Infinity (AXS)
In a recent video session, the channel host known as Guy shared with Coin Bureaus’s 1.7 million subscribers that the first project on his list is Axie Infinity (AXS) – a blockchain-based play-to-earn game where users can collect virtual real estate and creature-like non-fungible tokens (NFTs).
“Now when it comes to Axie Infinity’s land ecosystem, it admittedly doesn’t possess the aesthetic appeal of many of the newer metaverse projects out there right now.
But it must hold a top-five position in my eyes simply because of its historical value as arguably one of the earliest expressions of in-game real estate.”
At the time of writing, AXS is trading at $97.86 down 3.6% on the daily chart.
Decentraland (MANA)
The second project on the list is Decentraland (MANA), an Ethereum-based decentralized virtual reality world that has over 90,000 plots of digital real estate and lets users host events such as concerts and parties on their land. The world’s lands have currently been sold out, says Guy.
“Decentraland was initially created with more than 90,000 units which were all purchased during the initial Decentraland auction.
While this number is currently capped, it could very well be increased by the DAO [decentralized autonomous organization] through community voting in the future.”
At the time of writing, MANA is trading for $3.16 with 5.7% loss on a daily chart.
The Sandbox (SAND)
Next up is The Sandbox (SAND), a customizable virtual world where players can build, own and monetize their digital real estate assets.
“Users can use land to build digital experiences such as games or 3D dioramas or even populate them with asset tokens to customize and enrich their metaverse real estate properties.”
At the time of writing SAND is trading at $4.97 with 6% loss on a daily chart.
Bit.Country (NUUM)
The fourth project on the analyst’s list is Bit.Country (NUUM). Bit.Country is a decentralized world where anyone can start their own metaverse with the token economy and DAO.
Bit.Country recently won a parachain slot in the Kusama ecosystem, locking in over $100 million, Guy points out.
Aavegotchi (GHST)
The last project on the analyst’s list is Aavegotchi – a crypto collectibles game built on Ethereum where participants can buy and grow playable NFT avatar characters used to explore the world.
According to Guy, what makes Aavegotchi special is its advanced technology.
“When it comes to the Aavegotchi universe, I find its land structure to be rather appealing as it incorporates one of the most cutting edge iterations of NFT technology, such as DeFi, NFT or even better, NFT-Fi (non-fungible token finance).”
At the time of writing GHST is trading at $2.38 with 0.4% loss on the daily chart.
