20 Metaverse Companies Whose Coins Have a High Market Capitalization

James Dargan

There all the rage of late, Metaverse tokens. And because they are and it’s our job, the Metaverse Insider will now run through twenty companies in the Metaverse whose coins have a High Market Capitalization.

*As of late November 2021

1. Axie Infinity

Axie Infinity is a Pokémon-inspired universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle, collect, raise, and build a land-based kingdom for their pets.

All art assets and Axie genetic data can be easily accessed by 3rd parties, allowing community developers to build their own tools and experiences in the Axie Infinity universe.

Although Axie is still in early access, Axie is ranked the number one Ethereum game by daily, weekly, and monthly active users. It has generated over 6,400 ETH in revenue (2M+ USD) so far.

While Axie is a fun game, it’s also taken on characteristics of a social network and jobs platform due to the strong community and play to earn opportunities that have come from its early success.

2. The Sandbox

The Sandbox is a user-generated gaming platform where creators can create assets and gaming experiences to monetize them on the Ethereum blockchain. Imagine Minecraft ft. Roblox on the blockchain.

It features three main components: a Voxel editor software (Voxedit), a Marketplace and the Game Maker.

It’s empowering players and creators and providing an easy way to create and own the content in the games they play through the use of blockchain technology and non-fungible tokens.

The Sandbox game franchise is one of the world’s largest independent user-generated content and gaming platforms, with 40 million downloads and over one million monthly active users. In The Sandbox, anyone will be able to create and animate 3D objects through VoxEdit and create games with the use of in-game visual scripting.

Its vision is to offer a metaverse where virtual worlds and games will be created collaboratively without central authority.

Because game items are tokenized as Non-Fungible Tokens (NFTs), players can transfer their assets from one game to another, retaining digital scarcity, security, and authenticity. This enables gamers to receive significant benefits for their creations and achievements.

3. Decentraland

Decentraland is creating a virtual world that will grow beyond any centralized control. To accomplish this, it’s building a suite of supporting tools and applications designed to help people create three-dimensional content, games, and applications. All of this will be hosted and accessed on a fully decentralized VR platform. Its work touches virtual reality, dApp development, game design, cryptocurrencies, and 3D art and design.

The team is dedicated to pushing the limits of what can be done in each of these areas using decentralized computing and WebVR, and is looking to grow.

4. Enjin Coin

Enjin Coin (ENJ) is an Ethereum-based cryptocurrency used to directly back the value of next-generation blockchain assets.

5. UFO Gaming

UFO Gaming ($UFO) is a fully decentralized gaming platform bridging traditional games onto the blockchain and giving players the ability to earn while playing. Blockchain. P2E. Metaverse. Virtual land. NFT. Gaming.

$UFO will be the primary utility token of the Dark Metaverse. In The Dark Metaverse, each game that we release will represent its own planet.

6. Render Token

The Render Network® is the leading provider of decentralized GPU-based rendering solutions, revolutionizing the digital creation process.

7. Illuvium

Illuvium is a video game developer and publisher of AAA play-to-earn crypto-games. Illuvium removes the ownership gap between gamer and game, engaging its stakeholders in a community-governed collaborative game development model. Illuvium’s games feature collectible NFT assets with in-game functionality that are playable across multiple games planned for the Illuvium metaverse and will appear in partnership with other games in the larger DeFi metaverse. Illuvium’s decentralized NFT collection means players have true ownership of their in-game assets. All-time and effort in-game is transferred to real-world value, never before possible in mainstream gaming.

Illuvium was co-founded by lifelong gamers CEO Kieran Warwick, game designer Aaron Warwick, and art director Grant Warwick. Driven to deliver an NFT-game worthy of gamers, the Warwicks founded Illuvium to put an immersive AAA gaming metaverse on the Ethereum blockchain. Partnering with Immutable-X, Illuvium players pay zero gas fees for minting or exchanging NFT assets, enjoying sub-second transaction times for uninterrupted gameplay. The Warwicks lead a core contributor workforce of 150+ professionals in 36 countries, recruited for their experience in top entertainment, gaming, and crypto industry franchises.

8. VulcanForged

“The Fastest Growing NFT Platform Harnessing the power of Vulcan!” Play, build, collaborate, and bring your ideas to life with the fastest-growing blockchain game and dApp platform.

9. Yield Guild Games

YGG is a play-to-earn gaming guild, bringing players together to earn via blockchain-based economies. It is the settlers of new worlds in the Metaverse.

Starl Metaverse is a project with the ability to utilize the power of the blockchain and decentralization to infinitely expand upon and honour the true vision of a new financial paradigm.

11. Wilder World

Wilder World is the first truly liquid, fully decentralized, community-led NFT marketplace with no artist fees and its own dynamic token system that rewards participants.

12. DeFi Kingdoms

DeFi Kingdoms’ The JEWEL token is built and traded on the Harmony ONE platform, using the UniswapV2 Protocol.

Secure, fast, and with extremely low trading fees, you’ll be earning rewards in no time.

13. RedFOX Labs

RFOX was founded in 2018 with the purpose to be one of the world’s foremost metaverse builders.

Its mission is to empower everyone to play, create and earn in an immersive metaverse without borders.

It is creating a metaverse that acts as a platform connecting whitelabel services in one central hub. Businesses and creators can tap into tools for finance, gaming, VR, NFTs, e-commerce and retail and market to a ready-made audience of users.

14. Merit Circle

Merit Circle is a Decentralized Autonomous Organization with a mission to maximize value accrual across different games in the metaverse

15. Star Atlas

Star Atlas is a metaverse introducing a unique gaming experience by harnessing the power of traditional core game and blockchain mechanics.

16. Decentral Games

Decentral Games (DG) is a next-generation entertainment and play-to-earn DAO (Decentralized Autonomous Organization) at the intersection of the metaverse and NFT. The company is backed by key investor Digital Currency Group (DCG), whose principal subsidiary Grayscale is the world’s biggest bitcoin and cryptocurrency fund manager. Decentral Games is a leading metaverse project and the world’s first to provide metaverse employment opportunities.

Decentral Games develops 3D metaverse games on blockchain for both consumer and business markets. The games include NFTs, play-to-earn models, wager-based games, and 3D virtual events games revolving around music entertainment with an immersive experience.

17. Aurory

The Aurory team is composed of 30+ talents from the gaming and the cryptocurrency industry. With former experiences in studios like Ubisoft, Electronic Arts and other reputable companies, it is proud to have one of the most experienced teams in the whole play-to-earn ecosystem.

18. Boson Protocol

Boson Protocol enables a decentralized commerce ecosystem where all participants share in the value they create.

It automates digital to physical redemptions with minimized arbitration, using NFTs encoded with game theory.

It calls this decentralized autonomous commerce.

Boson Protocol’s vision is to enable a decentralized commerce ecosystem by funding and enabling the development of a stack of specialist applications to disrupt, demonopolize and democratize commerce.

19. Ethernity Chain

Ethernity Chain is a community-oriented NFT platform that produces limited edition authenticated NFTs from prominent digital artists, athletes and notable figures.

20. BOSAGORA

BOSAGORA focuses on building an open decentralized blockchain that ensures transparency of the consensus algorithm and clarity of contracts. BOSAGORA will play a vital role in making a better world with blockchain technology as a project enabler.

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