The Metaverse keeps growing day by day and is expected to surge to $678.8 billion by 2030. While many have entered into the Metaverse through games like Axie Infinity (AXS) and the Sandbox (SAND), other interested individuals are turning towards value-based investments like Chronoly (CRNO) to make an entry into the space.
Although the Chronoly token is only in the first phase of its presale, the project has already made a considerable impact and is up 100%, making many wonders whether it can match the success of long-standing players like Axie Infinity and the Sandbox.
Let’s take a look at all three players to gauge their potential in the Metaverse space.
What is Chronoly (CRNO)?
Chronoly is a unique fractional watch investment marketplace, It allows people to spend as little as 10$ and own a fraction or 100% of rare luxury watches from Rolex, Richard Mille Audemars Piguet, Patek Phillippe, and other multinational brands.
The rare collectible watches deposited in Chronoly’s secure vaults are put up for investment in the form of fractional NFTs. Before being represented as NFTs, the original watch is authenticated and verified to ensure genuineness.
Investors can then collect the watch’s NFTs to attain partial ownership of the underlying asset. By collecting 100% of their watch’s NFTs, the original watch owner can also redeem their physical watch from Chronoly’s vault which can be shipped to a location of their choice.
CRNO is the utility token of the Chronoly ecosystem. It offers holders discounts on transactions, storage, club membership fees, staking options in Chronoly’s lending pool, and a chance to win lottery rewards.
The CRNO token is already in the first phase of its presale, with a starting price of $0.01 and despite being in a bear crypto market, the Chronoly token is already 100% and trading at $0.02
What is Axie Infinity (AXS)?
The Axie Infinity game features card-based components similar to Pokemon, with the main difference being the integration of NFTs such that players can own and monetize in-game assets.
Axies are NFT-based monster avatars with distinctive traits and fighting capabilities. Before the free-to-play version was launched, players had to buy three Axies from the in-house marketplace to start playing the game.
Existing players can sell leveled-up Axies to newbies and other pros for a profit. Each player must choose their starter Axies carefully to ensure that they have the best chance of beating others.
In the game, players put their monsters against each other to stand a chance of winning AXS, the native token of Axie Infinity. Players can then exchange their Axie Infinity (AXS) tokens for other cryptos and, eventually for fiat money.
What is The Sandbox (SAND)?
The Sandbox is a blockchain-based play-to-earn game launched by Pixowl in 2011. Players can build a virtual world with NFTs on the Ethereum blockchain and design their own avatar to access games, hubs, and environments in The Sandbox Metaverse. The game is often described as a DeFi version of Minecraft developed on the blockchain.
Initially, The Sandbox was meant to be a mobile gaming platform to rival Minecraft. Soon after its launch, The Sandbox became a hit and attracted more than 40 million downloads globally.
In 2018, co-founders Sebastien Borget and Arthur Madrid decided to create a 3D Metaverse on the blockchain so that users could truly own their creations as NFTs and earn rewards by participating in the Sandbox ecosystem.
In 2020, the new Sandbox project was released to the crypto market and became one of the fastest-growing games in the crypto world.
SAND, an ERC-20 token, is the native token of The Sandbox. It has a total supply of 3 billion SAND coins.
The Sandbox (SAND) serves as a utility, governance, and staking token within the Sandbox ecosystem. SAND can be acquired by playing games and participating in contests in The Sandbox. You can also buy The Sandbox (SAND) tokens from various leading cryptocurrency exchanges.
Staking SAND tokens offers users a better chance of finding valuable GEMs and CATALYSTs, in-game resources required for creating ASSETS (user-generated NFTs) with a higher rarity.
These ASSETs can be uploaded to The Sandbox Marketplace, converted into NFTs, and put up for sale — the rarer the ASSET, the more it will yield.
While Axie Infinity, The Sandbox, and Chronoly each have their own merits, there are other factors to consider when determining which one will take the lead and rule the Metaverse.
Since CRNO is a real-value-based investment in contrast to AXS and SAND, Chronoly is most likely to gain a huge following, take the lead, and rule the Metaverse in the near future.