Crypto Wipeout
As we’ve seen this week, following the extreme panic and market crash, many kissed goodbye to their crypto bags and long-term holdings. Stablecoins seem not so stable now after UST and $LUNA were dealt deadly wounds that have left many facing a scary and hopeless scenario, one that is unlikely to be rewritten.
In the doubtful event Terra makes a comeback, we might as well consider it a huge lottery win.
What Happened?
Undoubtedly, we’ve witnessed the most brutal crypto market cap wipeout in a very long time. It shocked many newcomers to the crypto industry – from almost $3 trillion in November 2021 to around $1.1 trillion in May 2022.
It might also be the case that the crypto storm didn’t put the closing touches on the chaos it caused, and we could see some continued free-falling Metaverse, NFT & Web3 projects.
As it usually happens, a number of factors once again contributed to Bitcoin and altcoins losing steam during this week’s cascade decline and ultimately crashing, wiping out billions of dollars and leaving havoc, anguish and fear.
How to Protect Your Investment
The risk of crypto crashes can never be completely eliminated, but a few steps can be taken to reduce the chances of losing one’s shirt.
1. Diversify your portfolio
2. Staying up to date with the latest news
3. Carrying out your own research
4. Not falling victim to FOMO
5. You can even set up a STOP LOSS Order
6. Never invest more than you can afford to lose
Fortune Favors the Brave
Well, what now? Are we going to throw in the towel and call it a day or seemingly counterintuitively raise the stakes and play hardball this time? It makes no sense to invest hard-earned money now that the whole crypto market is bleeding, right?
Absolutely, everyone should avoid the Crypto battlezone if they are easily tense, didn’t do their homework, and arrived unprepared; they’ll feel less stressed once everything gets back to “normal.”
However, when emotions are taken out of the equation, we might be able to see this recent crypto meltdown as a buying opportunity we rarely encounter.
DCA Strategy
While it may sound strange to beginners, the recent bitcoin and crypto crash offers an exciting arena for experienced traders and blockchain experts who are always looking for opportunities to leverage a successful DCA strategy (dollar-cost averaging).
Historically, it is in the nature of the crypto market to be knocked down and then get back up even stronger than before.
In that vein, and since we just got hit by a massive bear, it might be in the best interests of those brave and woke enough to see past the pain and fud to pay the piper and call the tune in this situation.
Thus, o brave ones, we’re presenting you our Top 5 Web3 NFT Metaverse wipeout buying opportunities to help you take meaningful action before the end of all this blood and thunder crypto market slide.
STEPN
Last year, Play To Earn was a huge deal with Star Atlas, Axie, and Decentraland. That level of frenzy now seems to be hitting a new niche called Move To Earn (M2E).
There is an enormous opportunity in the crypto billion-dollar world of fitness, and STEPN (GMT) is in the position of being able to capitalize on the first-mover advantage in the M2E (Move To Earn) model.
M2E Potential
The Metaverse Fitness-Fi Move To Earn (M2E) monetization concept could prove to be considerably more effective than previous ones, like Free To Play or even Play To Earn, especially if we go through a notorious “crypto winter.”
What is STEPN?
STEPN is Solana’s blockchain-based gaming and social networking Web 3 app. $SOL can be used to buy any STEPN product on its marketplace, but the game itself uses Green Satoshi Tokens (GST), which is what the users will be earning.
STEPN is the first Web3 NFT game in which your goal is to move outdoors from one place to another to progress.
Gaining more tokens and more chances to win valuable items is accomplished by moving around. With NFT Metaverse Sneakers, you can jog, walk, or run outside to earn tokens, which you can put toward leveling up and enjoy now features like mystery boxes, NFT customization, and minting new Sneakers.
This game requires a lot of physical effort, which is a challenge for many players these days. Who knew gaming would require more than just fingers on the keyboard? But here we are with STEPN.
— STEPN | Public Beta Phase IV (@Stepnofficial) May 13, 2022
Move To Earn Sustainability
The Fitness-Fi economy or Move To Earn monetization model may prove to be more stable in bear markets as non-crypto participants are less sensitive to rapid swinging token prices.
Moreover, there is a sizable group of non-crypto players in fitness-related activities. The possible influx of non-crypto players may mitigate the transition from the current bear market to the next bull market.
STEPN’s native token $GMT is currently trading at $1.28 as of writing this article.
ApeCoin
Investors are captivated by the appeal of ApeCoin (APE), which is no ordinary meme coin, as many might assume from a quick glance.
Unlike many of the other NFT projects, ApeCoin does indeed link to one of the most hyped up and successful NFT ventures ever – Bored Ape Yacht Club.
However, what exactly is ApeCoin? ApeCoin was airdropped to holders of Bored Ape NFTs, generating enormous buzz in the crypto community.
Megastars like Justin Bieber, Snoop Dogg, and Gwyneth Paltrow own ApeCoin as well.
Members of the Bored Ape NFT were already privileged to access exclusive events and games in the virtual Metaverse worlds as well as in real life.
How did ApeCoin come into play?
Yuga Labs, the company behind Bored Apes, announced an APE airdrop to all holders of Bored Apes.
Each Bored Ape NFT qualifies for 10,094 APE or around $262,000 at its market peak of $26 in March 2022. On May 11th, 2022 it dropped to about $5.2. The airdrop amount would have also been higher if you owned Kennel Club NFTs and Mutant Ape.
As soon as $APE was launched, it was listed on major exchanges such as Binance, FTX, and KuCoin, which is quite an impressive achievement by itself.
Bored Apes’ official token, $APE, is about to become the centerpiece of a new Web3 ecosystem that will include virtual land, games, culture, governance, and community.
ApeCoin Board Top Names
The $APE token holders automatically become members of the ApeCoin DAO, or decentralized autonomous organization, which votes on ecosystem improvements and how funds should be spent.
Sixty-two percent of the ApeCoin is going to the Ecosystem Fund, which will support community-driven initiatives voted on by DAO members.
The APE Foundation, a group of the most influential figures in the crypto and Web3 space, will be responsible for administering this DAO and other ApeCoin activities. Here are the names:
- Alexis Ohanian
- Co-founder of Reddit; General Partner & Founder of Seven Seven Six
- Amy Wu
- Head of Ventures & Gaming at FTX
- Maaria Bajwa
- Principal at Sound Ventures
- Yat Siu
- Co-founder & Chairman of Animoca Brands
- Dean Steinbeck
- President & General Counsel at Horizen Labs
ApeCoin is envisioned to become the metaverse token, the currency of multiple intertwined metaverses, and integrated games in the great Bored Ape future.
$APE is currently trading at $7.30 as of writing this article.
Polygon
Polygon (MATIC) is an Ethereum-based token that provides cheaper and faster transactions over layer-2 side chains (chains that run on the Ethereum network).
Polygon Web3 P2E Games
The Polygon platform has also become a prime destination for projects looking to build games on the Web3.
For this purpose, Polygon Studios, a blockchain gaming and NFT arm was launched in July 2020, bringing Decentraland, DraftKings, Animoca Brands’ The Sandbox, and Decentral Games, Aavegotchi, Skyweaver by Horizon Games, Zed Run, Megacryptopolis, Neon District, Cometh, and Upshot.
According to the company, with a billion transactions recorded last year, Polygon PoS adoption has grown exponentially.
Polygon Web3 $450 Million Raised
Recently, Polygon also raised $450 million to help build and promote the adoption of Web 3.0.
The funding round was led by Sequoia Capital India, and the others involved in the round were Galaxy Digital, SoftBank Vision Fund 2, Galaxy Interactive, Republic Capital, Tiger Global, etc.
The funds will also allow Polygon to continue investing in the cutting-edge zero-knowledge (ZK) technology that is crucial to bringing the next billion users into Web3.
Sandeep Nailwal
Polygon Co-founder Sandeep Nailwal said that Web 3.0 builds upon the open-source ideals of the Early Internet, enabling users to control the network and create value.
Using Polygon, developers can build custom solutions similar to the ones provided by Amazon Web Services (AWS) – a tool for every use case with scalability at their fingertips.
Polygon PoS offers low fees and high transaction throughput on the Ethereum mainnet, already available in Web 3.0.
Nailwal stated that technological disruption didn’t begin with Web 2.0 and will not end there. The company is excited to see some of the same firms that funded the previous innovation cycle support their Web 3.0 vision.
The Polygon platform hosts more than 7,000 decentralized applications (dApps), making it the top destination for Web 3.0 projects.
When the chips are down, put your head down and #BUIDL!
— Polygon – MATIC 💚 (@0xPolygon) May 13, 2022
One more product launch coming up for #Polygon on 17th May 💜 pic.twitter.com/U4CIeYEX0l
The Polygon set of scaling solutions for the Ethereum ecosystem is used by thousands of developers across a wide range of applications.
Polygon native token $MATIC is currently trading at $0.63 as of writing this article.
Bloktopia
The Bloktopia Metaverse (BLOK) is built on top of the Polygon blockchain (MATIC).
Bloktopia decided to build its Metaverse platform on top of the Polygon blockchain as it is one of the leading layer-2 Ethereum scaling solutions in the crypto industry today.
The Bloktopia team will use Polygon’s EVM compatibility, fast and low-cost transactions, and the general compatibility of the Polygon network with Bloktopia Metaverse architecture.
Bloktopia Metaverse Powered by Unity 3D Engine.
There is a rumor that Bloktopia partnered with Sony Playstation and will work with their VR Headset to bring users the phenomenal virtual reality within the Bloktopia Metaverse.
Bloktopia utilizes Unity, a leading-edge and the industry’s most advanced 3D Creation Engine, to create spectacular visualizations and experiences.
A majority of all gaming studios use Unity nowadays, especially when creating mobile games. Numerous console and PC games are also designed using Unity.
With the Bloktopia Alpha Version being live, members of the Bloktopia community, also known as Bloktopians, have the rare opportunity to experience the 3D Bloktopia Metaverse for the first time.
While Alpha Version provides only a glimpse of what’s about to happen later in 2022, it’s easy to see the tremendous potential of the Bloktopia Metaverse that sets it apart from its competitors.
BCubes 1M $BLOK DROP
DROPPED…💰🙂
— Bloktopia (@bloktopia) May 13, 2022
Congratulations to everyone who participated in the Bloktopia Alpha, and won our BCubes game. Winning addresses have been verified, and $BLOK has now been airdropped.
The Alpha is now closed, until the VR version is ready to share this summer! 😎#BLOK #Airdrop pic.twitter.com/bEcop7hqME
Bloktopia NFT Land Sale in May
🗓️ The BLOKTOPIA NFT Land Sale Portal will open this month – May 2022!
— Bloktopia (@bloktopia) May 3, 2022
🏬 Own revenue generating REBLOK NFTs!
🪙 Purchase with $BLOK
👀 Exact date to be announced, very soon…
#REBLOK #BLOK #LandSale #NFT pic.twitter.com/c9c2021jC9
Bloktopia native token $BLOK is currently trading at $0.0054 as of writing this article.
Wilder World
Wilder World (WILD) aims to provide a decentralized platform for artists and creators.
Wilder World Metaverse allows creators to showcase their projects and products to a broader audience. It also strives to deliver exposure to virtual reality through a community-centered platform.
It hopes to accomplish this by creating cities for exploration. Wiami, one of the Wilder World’s first cities, bears a striking similarity to the famous city of Miami.
See you in #Wiami 🌴 pic.twitter.com/3pKuqRDEMm
— Wilder World (@WilderWorld) April 8, 2022
Ready Player One Alike
In a Wilder World, VR and AR are seamlessly integrated, bringing together a fully immersive, realistic digital world that could support a global economy, reach full internet scale, and host billions of users daily.
Wilder World Web3 based project is a contender for metaverse dominance against companies like Microsoft, Meta, and others.
Developed by a team of talented digital artists from around the world, the project has tremendous funding backing and has been in the works for seven years.
A full-scale Metaverse Platform is what makes this project utterly unique.
The company excels at creating the best-quality, most useful, and most versatile NFTs on the market. According to some, this is the closest thing to Ready Player One that exists today.
Perhaps one day, we can all spend a great deal of time in this virtual Wilder World Metaverse, working, socializing, and earning a living.
Photorealistic Graphics
Metaverses need to be as close to real-life as possible if they are to exist at all.
In this digital world, businesses will hold meetings, users will shop, gamers will complete quests, while students will attend classes.
Anything less than photorealism is not going to cut it when it comes to appealing to the masses.
Wilder World 5D metaverse-ready NFTs
zSpace is entirely built on NFTs. They are at the core of this Web3-based project and will play a key role in the future. So far, the Wilders has launched a number of NFTs for Wilder World.
Wilder World Partnerships
Here is a list of the partnerships announced to date, but there will be many more:
Illuvium, VaynerNFT, Zed Run, BossLogicUniverse, Ledger, CoinMarketCap, Huxley, Sneaky Vampire Syndicate, Yield Guild Games, Polkastarter Gaming Guild, The Doge Pound, Animoca Brands’ REVV Motorsport, Knights of Degen, Immutable X, Players Only.
As an established player in a market with immense potential, Wilder World embodies Metaverse’s ethos into its very foundation.
Wilders are creating the most democratic and inclusive metaverse platform yet, and we cannot wait to see what the future holds for this experienced team and their superb project.
$WILD is currently trading at $0.36 as of writing this article.
Conclusion
This article presents you with the Top 5 Web3 NFT Metaverse wipeout buying opportunities, but there are still tremendous risks to investing in crypto, and price swings could be substantial, perhaps more than the average investor realizes.
However, even in this extreme bear market, there are plenty of opportunities to invest as there are still a lot of projects underway that will yield good returns in the future. Make sure to do your homework and your own detailed research prior to making any moves. Best of luck!
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
