What is the best metaverse? Discover our comparison of 14 metaverse

Wednesday, September 28, 2022

Since Meta has gone 100% into the Metaverse, you’re probably wondering how you can take advantage of this huge trend as a company.

The first step is to ask yourself the question: what is the Metaverse?

For this, I invite you to read our article on the definition of the Metaverse. 

The second step is then to choose a Metaverse in which you want to start.

This is the purpose of this metaverse comparison guide which will present you the top 14 Metaverse projects.

top 14 metaverses par Excelsior

I say “Metaverse projects” because THE Metaverse does not exist yet.

But you can bet on one of the following projects to get established and test marketing ideas now.

You will see in the following minutes that it is the French Metaverse The Sandbox that stands out from its competitors.

We ranked it number 1 in our top 14.

But some serious competitors are lurking, and could well steal its leadership position.

Before starting, here is the methodology of the comparison.

Translated with www.DeepL.com/Translator (free version)

Methodology of the Metavers comparison

In this ranking, I will classify the projects into 5 tiers:

  • Third A: The best projects
  • Third B : The good projects
  • The Third C : The average projects
  • The Third D : The projects that are not very convincing for the moment
  • Third E : Projects to improve

Then I will present you 4 categories of projects:

  • Pure metaverses
  • Platforms to build the Metaverse
  • Metaverse gas pedals
  • Play To Earn games

Finally, I chose to include only Web3 Metaverse based on a blockchain, so you won’t find Roblox, Meta or Fortnite.

Now that you know that, here is the summary of my ranking:

Metaverse comparison: what is the best Metaverse?

I now invite you to read the entire guide if you want to know more about the reasons for this ranking.

A. What are the metaverse: The pure Metaverse

The pure Metaverse are virtual worlds that are intended to integrate everything: games, work applications, virtual reality, etc.

They are direct competitors of Meta.

1 ) Decentraland 

Decentraland is one of the oldest and best known metavers.

The pluses: 

  • Today’s version allows you to play and perform a lot of actions
  • Famous brands have joined this Metaverse, like Forever 21, Dolce and Gabana and Tommy Hilfiger
  • The Metaverse Fashion Week took place in Decentraland
  • The DAO Decentraland has a treasure trove containing more than 45 million euros to fund initiatives that enhance its ecosystem.
  • Decentraland gathers more than 100,000 users

But Decentraland also has flaws…

Minuses: 

  • Few recurring users, i.e. who come back every month
  • One of the founders just left to launch “Big Time”. Even being a DAO, a project needs a solid core team to pass a milestone.

So I put Decentraland in the B-Tier.

2 ) Otherside by Yuga Labs

After the bored Ape (nft monkey), Yuga Labs launches Otherside, a virtual world that wants to be a Metaverse capable of competing with Meta.

The pluses: 

  • Otherside has a solid team, which has proven that it can deliver ambitious projects.
  • But, Otherside has some flaws.

The minuses: 

  • The Metaverse is still in development. It is therefore impossible to play it for the moment.
  • It seems that only NFT owners of certain collections could join it.

Nevertheless, this is a Metaverse to follow very closely, because it could be very important in the coming year.

My grade: Third C (for the moment)

3 ) The Sandbox 

The Sandbox is the French metaverse developed by Sébastien Borget. 

It is in my opinion the most convincing virtual world of the moment.

The pluses: 

  • available in “early access
  • The organization of Alpha Season, whose season 2 gathered more than 100 000 people. The Alpha Season offers more than 90 experiences with stars like Snoop Dog, Steve Aoki and famous NFT projects like Bored Ape Yatch Club, Moonbirds, Coolcats.
  • The Metaverse has over 2 million users
  • Big brands are moving in: Gucci, Adidas, Carrefour, Groupe Casino but also companies like Havas and soon more.

It is clearly the Metaverse that we recommend at Excelsior. 

Our company has helped several French companies launch into this virtual world.

If you want to create your virtual HQ in less than 60 days in The Sandbox, make an appointment by clicking on the button below.

Book a demo

Our developers, creatives and project managers will help you create a turnkey project that fits your needs.

My grade: Third A.

I now propose you to discover the platforms to build the Metaverse, which I wanted to include in this ranking:

B.  The top metaverse: discover the platforms to build the Metaverse

These platforms help builders, developers and creatives to build their own metaverse or blockchain game.

4) Enjin 

Enjin makes it easier for developers to use NFTs in their games or applications.

Pros: 

  • They are innovators. They created the ERC-1155 token standard which allows for an infinite number of fungible and non-fungible tokens to be minted in a single smart contract). This token standard also allows to modify and improve NFTs after the mint. In addition, one can send several in a single transaction and thus save gas fees. I recommend you to read this guide on NFT if you don’t understand everything.
  • Their Enjin token (ENJ). It was created to support all the NFTs created by on Enjin, which has a big value. Indeed, more than 1.2 billion digital assets are supported by ENJ. The problem is that the price of your NFTs are linked to the price of ENJ: volatility problem.

For these reasons of volatility, I classify Enjin in Tier B.

5) Flow 

Have you heard that Instagram allows you to post NFTs? 

Well, it’s the Flow blockchain that hosts these NFTs.

Pros: 

Promising project after instagram’s announcement.
Flow has licenses with NFT collections from the NBA, the NFL (very well known in the US).
They have made more than 1 billion sales on their blockchain
Their technology is scalable and ecological

But, Flow has some weaknesses.

Minuses: 

Few blockchain games that can be played on Flow

Bottom line: Tier C with potential to go much higher.

6 ) Efinity 

Efinity is a blockchain created by the Enjin team because they were fed up with the problems of Ethereum.

It is a parachain of Polkadot.

For information: “Parachains are sidechains to an infrastructure blockchain, which can evolve in a dedicated slot within it.

Parachains have been implemented for the Polkadot and Kusama ecosystems” Just Mining.

The pluses: 

  • Polkadot architecture gives Efinity scalability and security
  • Creation of a 100 million Metaverse fund

Minuses: 

  • The Enjin team’s choice to have made a model with two tokens (ENJ and EFI). This was not necessary.
  • No unique value proposition for the NFT world.

Result: Third party D

C. What are the metaverse: Metaverse gas pedals

They’re like Silicon Valley gas pedals, which give early-stage startups small amounts of money to get started.

But in our case, Metaverse gas pedals help blockchain players by lending them core digital assets so they can earn more.

In exchange, the players pay a portion back to the gas pedal.

7) Yield Yield Game

Their strategy is to buy premium NFTs, lend them to blockchain video game players to play and take a cut of what the gamers earn.

Pros: 

  • The concept is useful because it helps people in developing countries to join the play to earn movement.

Minuses: 

  • Yield Game token holders receive a portion of the revenue in the form of tokens. This can cause problems with regulation.
  • There are other reasons that I don’t have time to share here, but which explain the following note.

Note: Third E

8) Merit Circle 

Merit Circle is a Metaverse gas pedal that issues “scholarship” grants to players like Yield Yield Game does.

But they don’t stop there.

The pluses: 

  • In addition to scholarships, Merit Circle offers a gaming incubator and a marketplace for gaming assets
  • They have a huge growth: 3750 players with a scholarship. They have generated $2 million in revenue with 50 games. Finally, the gas pedal manages over $100 million in digital assets.
  • They are doing a lot to push the Play To Earn industry forward

Minuses: 

  • They take 30% of what their players earn… This is great for the financial health of the gas pedal but not for the players. Maybe the players won’t stay for the long term.

Result: Third C.

D. Best metaverse: Play To Earn games

Play to earn games refers to blockchain games where players play and can earn rewards in the form of NFT and crypto-currencies.

These games like Roblox and Fortnite could develop into Metaverse in the long run. They have the technical infrastructure, the users, the in-house 3D capabilities…etc.

Let’s start directly with the leader in this type of game:

9) Axie Infinity

Axie Infinity started the whole Play To Earn movement, but is now facing severe criticism. It is said to be a “ponzi scheme” for some.

It’s true that during the “bull market” (a bullish period in crypto), Axie Infinity attracted over 2 million active daily players…and generated a lot of revenue.

This was crazy for a blockchain game.

Players, in order to win, had to shell out hundreds of euros to buy an Axie and receive rewards in the SLP game token.

This is where the ponzi criticism came from, where the last finishers were paid for the first ones.

The pluses:

  • they attracted many non-blockchain players and many were able to earn quite a bit of money (especially the Filipinos).
  • As for the Ponzi model, I don’t agree. Because many players played Axie for fun, it did not attract only speculators. Moreover, during the bear market, there are still several hundred thousand players who play Axie Infinity. Finally, Axie Infinity has released Axie Origin, a free-to-play mode, which allows anyone to play without paying.
  • The Axie team wants to expand the game into a Metaverse, like The Sandbox or Decentraland.

I therefore classify Axie as a Tier B game.

10) My Neighbor Alice 

It is a game similar to Animal Crossing but on the blockchain.

Pros: 

  • The game is very accessible because it is “free to play”. Anyone can play without buying their virtual “land”. And if you want to buy land, then they are not as expensive as other games and metaverse.  In addition, it is suitable for non-players blockchains.

Minuses: 

  • The game is in the Binance Smart Chain ecosystem, owned by the Chinese crypto-currency exchange Binance. You have to play on this blockchain rather than Ethereum, which is a decentralized blockchain open to all.
  • The game is in development so it’s still a bit early to tell.

I will therefore classify it as Third D.

11) Aavegotchi 

It is a game that combines decentralized finance and gaming.

Recently they launched the Gotchiverse, in reference to the Metaverse. Here is why I mention this project here.

Aavegotchi is like Tamagotchi with digital animals.

It’s about collecting digital ghosts that are backed by the game’s token.

Pros: 

  • Your ghosts generate yield if you keep it.

Minuses: 

  • It’s not really a game, more like a decentralized finance or yield farming project with a game layer.
  • Also, it is very expensive to buy a ghost, as most cost more than $1000. It’s not very fun either.
  • There are few players and there is no growth in the number of players.

Since there are more positives than negatives, here is the bottom line:

Tier E.

12) Gala Games

It’s more of a video game studio than a video game itself.

They have a lot of games under their control.

Like Townstar or Spider Tanks.

You can already play them and the gameplay is not bad.

The pluses: 

  • they create a complete game ecosystem with their own tokens blockchain nodes…etc.

Minuses: 

  • Gala Game tries to sell too many services and goods like licenses for founding nodes, licenses for specific game nodes, their gala token and special game tokens and also additionally some kind of NFT.
  • It’s complicated and hard to know what’s best to keep in order to get exposure to their ecosystem.
  • They are very centralized: 90% of gala tokens are owned by the top 100 digital wallets. This is not great for any type of crypto projects.

Third C, because they still have in the best blockchain games and that’s what matters a lot.

13) DeFi Kingdom 

Most people don’t think of it as a game, but rather as a decentralized exchange with a gaming layer on top.

In the game, you have to interact with characters, but in reality, this is just yield farming.

Minuses: 

  • Perhaps the game designers should have created a fun game OR created a successful decentralized exchange. By creating a project between the two, they complicate things.

However, the team did say that they would add real game features in the future.

But not sure.

So here’s my rating: Third E.

14) Gods Unchained

This is a free to play card game. 

It looks like the game “Magic”.

Pros: 

  • Their gameplay is superb and the game was developed by a competent team. Chris Clay was for example the director of Magic.
  • The game is accessible to newcomers. The card packs are not expensive, so they have more than 450 000 players. An impressive number.

Minuses: 

The game is still in beta. Players on the forums point to a number of bugs that are not resolved.
The game is free, but at some point, you have to pay because otherwise, it becomes impossible to compete with other players.

So I classify this project as :  Third C.

Conclusion: what is the best metaverse?

The Sandbox stands out from this Top14, but the Otherside Metaverse, Decentraland and Axie Infinity’s Metaverse are in ambush.

In this article, you could see the dynamism of this ecosystem, with the different players.

And I sincerely believe that this is just the beginning of a Metaverse boom.

So if you have a business related to movies, music, entertainment, art, professional services, finance, real estate and video games, your industry is ripe for the Metaverse.

This could generate new growth opportunities.

Some examples: 

  • An advertising company like JC Decaux could create billboards in the Metaverse as it does today in real life (and massively multiply its profits because there are no material costs)
  • A law firm will be able to create a service to manage virtual disputes because they will have real impacts (avatar theft, clothing theft, weddings…)
  • A clothing brand will be able to make virtual clothes and shoes (Nike has already bought RTFKT, a 3D virtual sneaker design studio)

You can start small.

By investing in a virtual HQ for example.

Excelsior’s virtual HQ on the Metaverse

Because in the Metaverse, you will need :

  • to be visible
    – to have a place for your employees to work together online;
    – or a place for conferences or customer meetings.

Excelsior can help.

Contact us to learn more and create your custom Metaverse project together.

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