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What are some popular Metaverse platforms currently available?

Question in Business and Economics about Metaverse published on

Some popular Metaverse platforms currently available include Decentraland, Cryptovoxels, The Sandbox, Somnium Space, and VRChat.

Long answer

Metaverse platforms are virtual worlds where users can interact with each other and the environment through avatars. Here are some popular ones:

  1. Decentraland: Built on the Ethereum blockchain, Decentraland allows users to create and own virtual land, build and monetize experiences, and interact with others. It emphasizes user sovereignty and decentralization.

  2. Cryptovoxels: Also using blockchain technology (specifically Ethereum), Cryptovoxels is a voxel-based virtual world where users can purchase land parcels to create art galleries, shops, games, and more. It offers easy building tools and supports in-world scripting.

  3. The Sandbox: Powered by non-fungible tokens (NFTs) on the Ethereum blockchain, The Sandbox enables users to build 3D voxelized creations on land they own. It incorporates gaming elements like play-to-earn mechanics and user-generated content monetization.

  4. Somnium Space: A decentralized open-world metaverse compatible with various devices such as PC, VR headsets, and web browsers. Users can own virtual land called “parcels,” build structures or sell them via an integrated marketplace. It also supports streaming events within its virtual spaces.

  5. VRChat: While not specifically built for creating a Metaverse per se, VRChat provides an extensive social platform where users can create their custom avatars, explore user-generated worlds using Virtual Reality (VR) or desktop mode, attend events, play games or engage in conversations with other participants.

These platforms offer different features, ecosystems, customization options, ownership models for digital assets such as land or NFTs while facilitating social interactions in a shared virtual space that forms the essence of a Metaverse experience.

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