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Sports Metaverse: 10 Projects Building The Future Of Sports

MetaverseJun 2, 2023
Sports Metaverse Projects

The metaverse is shaking up the world by blurring the line between the virtual spaces and reality. The sports industry has always been receptive to the latest tech and innovation to engage sports fanatics. With unlimited growth and engagement potential, the metaverse is the go-to destination for the sports industry to stay relevant.

From virtual merchandise to virtual stadiums, there is so much potential in the metaverse to provide an exceptional experience to sports fans. Moreover, it is not just about the fans; athletes can also leverage this technology to connect with their fans at a deeper level and monetize their own brands.

Why Is The Metaverse Relevant In The Sports Industry?

Sports have always held a significant place in the physical world. However, the emergence and fragmentation of different platforms and strong competition from other entertainment sectors have posed a major threat to the sports industry.

Fragmentation is mostly consumer-led, from newspaper to Radio to Television to the internet, and within the internet, we have seen the ever-growing hype of social media.

This means if sports brands or companies want to survive in this highly evolving and competitive world, they need to know where the user's attention is going.

Metaverse is the future of the entertainment industry, and sports will be no different. With an estimated $800 billion market value by 2028 and 400 million monthly active users, Metaverse is here to stay. Moreover, a study by Deloitte shows that Millennials and Gen Z are logged in to the gaming ecosystem for 13 and 11 hours, respectively.

Sports leagues can take fan engagement to the next level by interacting with fans with their favorite players and teams in new ways. The decentralized platform of Web3 enables secure online interaction and transactions that will shape the future of the sports industry.

With the incredible use of virtual and augmented reality, the virtual stadium is set, and players are ready; you just have to welcome this revolution to get ahead of where consumer attention is heading.

10 Metaverse Projects in 2023

This revolution is headed by several metaverse projects that are paving the way for the sports industry, players, and fans to leverage the technology to make a future in the metaverse. These projects provide tools to gamers so they can master this virtual world.

Ten of the most impactful projects that are leading the virtual ways are:

Decentraland

Decentraland is a well-known metaverse project on the market. It is a web-based virtual platform that offers its native token, “MANA,” to buy and sell a piece of virtual land, buildings, and other in-game assets. Moreover, members can also attend events, explore decentralized land maps, and can even gamble at casinos.

The best thing about Decentraland is that it offers a decentralized platform. It means that this platform is not controlled by any single entity. Instead, a community governs this metaverse and decides its rules and regulations, giving users complete autonomy of the virtual world.

Decentraland has hosted notable events in previous years, such as a MetaMask party to celebrate 10 million active users and a Super Bowl event conducted at Miller Lite’s Metaverse dive bar. The traces of this astounding gaming platform can also be found in other entertainment industries, as celebrity artists such as Justin Bieber, Travis Scott, Ariana Grande, and Marshmello were also a part of these virtual events.

Silks

Silks is another powerful metaverse that blurs lines between the real and virtual worlds. Game of silks is a fantasy sports game that mirrors the thoroughbred horse racing industry of the real world.

Silks ensure collaborations between horse farms, land developers, and racehorse owners to optimize rewards and to set off risks in the high-staking thoroughbred horse racing industry. The thoroughbred horse racing industry is enjoying significant popularity in the US, where over 20,000 thoroughbred horses compete yearly for over $1 billion in the prize pool.

The game clones each thoroughbred horse into a collective NFT. When you own a racehorse in Silks, you can win valuable prizes whenever your horse wins races. You can also earn money by converting your land into a virtual farm and operating it as a gamified business.

Besides, you can share your racehorse ownership with others as well as can sell it anytime. As Silks replicates the horseracing industry of the real world, we can foresee a considerable role of Silks in the future of sports.

Battle Infinity

Battle Infinity is another top-rated metaverse project that is dramatically transforming the future of the sporting world. Developers of Battle Infinity have combined the metaverse with gaming elements to design an incredible NFT fantasy game.

With the help of Battle Infinity, players can earn games, build teams, walk straight to the metaverse through VR head devices, and chat with other players in real time.

Players can access six platforms, such as Battle Arena, Battle Stake, and Battle Swap, by buying its native token, “IBAT.” This token can be bought at the Battle swap, and players can also exchange their rewards for other currencies using the platform.

Battle swap sold out in just 24 days after launch. Moreover, its listing on PancakeSwap and LBank also grabbed a fair amount of attention. With such an incredible growth pace, we expect Battle Infinity to see more price pumps in the coming months.

The Sandbox

The Sandbox is another metaverse platform in existence that allows players to create, own, and monetize their gaming products on the Ethereum blockchain.

Like Decentraland, The Sandbox has its own ERC-20 token, SAND. From interactive games and Metaverse casinos to fairground rides, anything is possible in this Metaverse platform, and the only limitation is players’ imagination.

Players fuel the platform’s economy by buying game tools required to create buildings, attractions, and wearables, such as jumpers. Players can then sell these creations on the in-game marketplace to earn funds later exchanged for fiat. Moreover, they can even sell the attractions by considering things like adding play-to-earn or charging an entry fee.

The Sandbox has partnered with top leading brands, creatives, and artists, such as Bored Ape Yacht Club, Snoop Dogg, and Ubisoft. In a nutshell, The Sandbox is equipped with thousands of NFTs, and players can create nearly everything on this platform. With such exceptional growth potential, The Sandbox will continue to resonate with players.

Roblox

Roblox is an immersive 3D online multiplayer platform where children and adults can socialize. This platform was initially introduced as a website in 2006, it is available on every device, boasting millions of daily active users.

On Roblox, players create their own avatars using different attributes, such as health, custom looks, and other features. These attributes can be purchased with the help of a native token, “Robux.” This token helps users create their own space, earn, and can even trade it. Moreover, Roblox integrates social media, gaming, and social commerce.

The best thing about Roblox is that players can enter this platform for free. However, you need to buy in-game features using native currency. Developers can also use Roblox to develop games and earn money.

The most popular games supported by Roblox apps are Jailbreak, Adopt Me, Brookhaven RP, and Club Penguin.

Calvaria

The latest P2E game Calvaria: Duels of Eternity, is getting significant attention today. In this battle-playing card game, players can compete with each other using their playing cards and participate in competitive events. This card features a unique 3D avatar that has unique characteristics.

Players are given complete control over their tactics and techniques to compete with their opponents. Besides NFT playing cards, the game also features native RIA tokens and a staking pool.

Currently, the presale of Calvaria’s native token is happening, and 30 million tokens are available at discounted prices. So it is the best time for investors to get this token at the lowest prices because the RIA token has its own DAO, making it more special. Cavalria has great potential to evolve in the gaming world, but still, it depends on the preferences of users who hold its native token.

Gala Games

Gala is another decentralized metaverse project that is based on the Ethereum network. The selling point of this project is that it gives complete control to the community. Players decide the direction of their favorite games instead of being directed by creators.

The gala community uses a node voting method to decide the game and metaverse direction. Town star is the first game released under Gala Games, and it has recently released a teaser of its new project, “Project Saturn,” which is now revealed as a Battlestar Galactica Blockchain game. Gala has exceptional potential to grow and will change the way players think about metaverse and gaming.

Star Atlas

Star Atlas is another interesting metaverse game project where players are expected to maintain a spaceship by providing enough fuel, toolkits, ammo, and food.

In-game assets like minerals and ships can be bought and sold using the ATLAS marketplace. ATLAS is a native currency to this gaming project, but players can also buy in-game items using USDC.

This next-generation metaverse project is revolutionizing the gaming industry by featuring Unreal Engine 5 graphics and triple-A game design. Moreover, its focus is on digital safety and consumer protection of its players, as is evident by the latest partnership of Star Atlas with Kudelski Group-a world leader in offering digital security solutions. Moreover, Star Atlas has recently teamed up with Moonplay-a cryptocurrency payments infrastructure startup. This will allow gamers to buy their ATLAS token and non-fungible tokens through instant credit cards.

This robust currency-to-crypto payment using the services of Moonplay will allow this metaverse project to grow exponentially and make the future of sports.

Enjin

Enjin is another project featuring a blockchain based gaming environment. Enjin Network, a social gaming platform, is a primary project of Enjin. This platform allows users to create clans and websites and run virtual item stores.

Enjin is powered by an ERC-20 compatible token, “Enjin coin (ENJ).” This token can be sold, purchased, and traded with real money through the Ethereum wallet.

Enjin focuses on integrating itself into any game or application. Developers can use this platform to leverage Enjin’s technological stack for developing and integrating NFT functionality. Moreover, they can opt for an Enjin token as a payment currency.

Enjin–based projects are compatible with the Enjin platform and feasible for cross-ecosystem, which means you can use them in different marketplaces and games.

Various games have incorporated Enjin or its ENJ in their gaming system, such as Space Misfits, The Six Dragons, 9Lives Arena, and War of Crypta Nestablesh.

Tamadoge

Tamadoge is another game currency based on Tamaverse. This NFT has an interesting use case; it allows players to raise pets and earn rewards. In this gaming environment, players purchase tokens to feed their pets and buy toys to entertain them. Players are ranked on a leaderboard based on their pets’ development. This means leading players who have raised their virtual pets well and is evident from their development pace are rewarded from the prize pool.

TAMA token will help players to utilize in-game assets and to purchase these virtual pets. Tamadoge will have a collection of 21,100 NFTs, divided into three tiers; common, rare, and ultra-rare. Each Tamadoge NFT will have unique traits and approaches to help players climb the leaderboard and earn TAMA rewards.

Final Thoughts

With the advent of modern gaming options, traditional sports platforms are increasingly being left on the backstage. This has made it vital for the sports industry to embrace metaverse projects as this is a new attraction for gaming enthusiasts. Moreover, this is not going anywhere, as this tech-savvy generation welcomes the metaverse and Web3 with open arms.

Virtual Reality, Augmented Reality, machine learning, AI, and cryptocurrency are all playing their part in revolutionizing the gaming world and engage users by offering an incredible gaming experience. Decentraland, Silks, The Sandbox, and other metaverse projects are enjoying increased market caps and have great potential in shaping the future of sports with their immense capabilities.

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