It looks like the metaverse is going to be one of the big trends of 2022,
with DAOs, NFTs and crypto gaming pushing further into the mainstream,
which means that this space is going to get very crowded with a ton of new entries.
As we head into the year,
let's take a look at some of the tokens that are best positioned to make waves in the metaverse.
Let's get it!
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In this video, we're going to cover some of the hottest metaverse coins
that we think are worth checking out as we head into the new year.
First up is the OpenDAO's SOS token,
which just launched last week
with a massive airdrop to the NFT community.
The token launched on Christmas Eve
and was airdropped to anyone who traded on OpenSea this year.
What a Christmas present!
The DAO does not have any affiliation with OpenSea,
but it seems that they wanted to pick the most popular platform
to ensure that as many people as possible can get their hands on the token for free.
It was probably a bit too complicated to do the airdrop across every NFT platform,
but using OpenSea was the best way to distribute the token to the majority of the NFT community
who probably use the platform quite a bit by now.
It is not entirely clear who is behind the airdrop.
The only name officially connected with the project so far is a pseudonym
9x9x9eth.
With that name,
it sounds like it could be one of Elon Musk's children,
but nobody knows for sure.
This character is also one of the core contributors for 721DAO,
which is promising to build a decentralized entertainment metaverse.
Due to the mysterious nature of the airdrop and the team behind it,
there was initially some skepticism from the community.
OpenSea made announcement shortly after the launch
clarifying that they were not affiliated with the SOS airdrop
and warning users to do their research on the contract before claiming the token.
Luckily, developers quickly determined the token was safe to claim and trade.
This is extremely important
because there are some scam projects floating around out there
that claim to offer airdrops but will instead drain your wallet as soon as you connect it.
So when you hear about an airdrop,
it's best to search around online and find what people are saying about the project.
In this case, the airdrop was legit,
and NFT collectors got a little something extra for the holidays this year.
Users who trade a few NFTs probably got $100 or so worth of tokens from the airdrop,
while the true degens received five figures or many more.
For many of them,
this made up for some of the rug pulls that they aped into when the market was hot.
The OpenDAO says the SOS token was launched to pay tribute,
to protect and to promote the NFT community.
Total supply of SOS tokens is 100 trillion.
50% of that total was allocated for the airdrop
and the other 50% is going towards staking incentives
and various different relief funds for up-and-coming artists or collectors
who are victims of scams.
Many of the people who received the airdrop
sold immediately after claiming to lock in their profits.
There were also some concerns about the 50% of the supply
that is still under the team's control,
with some developers suggesting that this could be a setup for a potential rug pull.
However, the price of SOS has held up surprisingly well,
and the team is giving OpenSea users until June 30 to claim their tokens,
which at least gives the appearance that they are in this for the long haul.
So far, over 200,000 NFT collectors have already claimed their tokens
for a total amount worth almost $265 million.
Next up is Tezos,
an established smart contract platform that has been a bit of a sleeper over the past few years.
Tezos has about doubled in price over the past year,
which would have been recognized as incredible gains in the traditional stock market
but seems a bit weak when compared to other crypto assets.
Despite the slower price growth,
Tezos has been working hard to develop inroads into the metaverse and the NFT community,
which are essentially the same thing considering that everything in the metaverse is made of NFTs.
From the land to houses, boats and other items,
they're all NFTs.
Tezos has recently made headlines with the announcement
that the video game developer Ubisoft would be using the Tezos blockchain
for in-game NFTs for the newest release in the Ghost Recon series.
As usual, the nerds freaked out because they fear change
and things they don't understand,
so the NFTs have not been a big hit with the hardcore gamer crowd.
But the fact that they're starting to get integrated into the games is all that matters.
If the game is designed correctly,
players will be able to win NFTs just from playing the game
without putting out any of their own money.
When these players are able to sell those items in a marketplace and get money for them,
their outrage about NFTs is probably going to go away pretty fast.
Other smaller gaming companies have also been choosing Tezos for their NFT launches
including Iceland's CCP Games,
which minted NFTs on the Tezos blockchain during the 2021 EVE Online Alliance tournament.
Then there's Dogami,
a gaming metaverse being built on Tezos.
Last week, it was reported that Dogami raised $6 million in funding
from Ubisoft and Animoca Brands.
In addition to the recent gaming partnerships,
Tezos has also been named as the official blockchain partner
for both Red Bull Racing Honda and McLaren.
Tezos has also become a favorite alternative layer 1 for many artists and collectors in the NFT community.
Tezos was recently integrated with the NFT trading platform Rarible.
They even hosted an ecosystem exhibition series at Art Basel Miami Beach.
Sensorium is another metaverse project that has been getting some attention lately,
and this one is focused on a specific use case that's perfect for mainstream adoption.
Sensorium is a metaverse for concerts and live entertainment events
which has already started making major partnerships
with popular EDM artists like David Guetta, Carl Cox, Steve Aoki and Armin van Buuren.
There are plans to eventually bring full live bands and stage performances into the mix,
but these high profile DJs are warming the platform up
for more complex performances.
The beta version of this metaverse is currently open to anyone who wants to sign up
and try out the experience.
With Sensorium's PRISM metaverse venue,
fans can watch avatars of their favorite musicians in fantasy worlds.
They can change based on the frequency of the music,
creating different backdrops to suit the mood of each tune.
This project also has some big backers.
It was initially founded by Mikhail Prokhorov,
a Russian billionaire who once owned the New Jersey Nets.
Over the summer,
Sensorium also received a $7 million investment from Jay-Z's Roc Nation.
In recent weeks,
there was a massive burn of SENSO tokens that took 40% of its supply out of circulation,
which is about 1 billion tokens.
Despite all this activity,
Sensorium has managed to fly under the radar,
maintaining a steady price between $1 and $2 over the past several months.
With a low market cap,
this token can start to move pretty fast once the main app goes live.
Chiliz is a project that might not seem like it's connected to the metaverse at first glance,
but this is an ecosystem for supporting communities.
And since sports or games,
Chiliz blurs the line between blockchain gaming and tokenized communities.
Chiliz had a wild rally at the beginning of this bull cycle,
reaching an all-time high of 75¢ before the May crash.
The rally was set off by news that Chiliz will be partnering with the UFC
and a number of professional sports teams in Europe for hosting fan tokens.
Since the hype died off from those announcements,
the price of the Chiliz token has cooled off as well,
but the project has been making waves again with recent announcements
that the New York Knicks and the New York Rangers would be launching fan tokens through Socios,
the main fan token platform on Chiliz.
The Rangers are among a dozen different NHL teams
that recently announced a fan token partnership with Socios and Chiliz.
In a post celebrating its 2021 achievements,
Socios revealed that there are now 101 teams launching fan tokens on the platform.
In addition to forming major partnerships with sports leagues and sports teams all over the world,
Socios has also established itself in the metaverse as a major landholder,
purchasing 576 plots of land in The Sandbox over a year ago,
a move that has been starting to look really good recently.
Socios says that it will build a sports and entertainment neighborhood
on the metaverse land that it owns.
Chiliz is currently way under its all-time high
and shaping up to have a huge year in 2022.
So that's definitely a project to keep your eye on in the new year.
That's all I got.
Be blessed.
BitBoy out.