Metaverse and Web 3 are the latest innovations around blockchain technology that are giving rise to some of the best opportunities. Decentraland (MANA) and Sandbox (SAND) are some projects that have always been at the centre of attention amid the two technologies. Finally comes DigiToads, which promises to disrupt the sector and become the next big thing, having already generated over $1.35m in presale.
DigiToads Web 3 Potential
DigiToads is a new utility meme coin built on the Ethereum blockchain that promises to impact various facets of life. While plotting to be one of the biggest meme coins alongside Dogecoin (DOGE) and Shiba Inu (SHIB), It has set sights on play to earn gaming (P2E) as one of the ways to create value on the blockchain. Consequently, it has unveiled a thrilling Web 3 game through which players stand to walk away with big rewards in the form of TOADS tokens.
In the Web 3 game, gamers only have to collect and nurture their DigiToads to ensure they are the largest and the strongest in the swamp arena. To do so, people will have to spend TOAD tokens to purchase food and training equipment that will go a long way in nurturing the DigiToads. The top 25% of players with large and strong DigiToads will walk away with TOADS rewards.
DigiToads is to allocate 2.5% of all profits made from the DigiToads project to support the rewards program. The funds will target projects focused on replanting trees and preserving the rainForest as part of its charity programs.
People who own non-fungible tokens also have something to smile about, as they will now be able to stake their holdings and, in return, earn some passive income. DigiToads is to set aside 2% of every TOADS transaction into the staking pool that will be used to reward people who stake in the NFT staking platform.
Another opportunity to generate some rewards or income will come by participating in monthly trading competitions designed to increase trading volume in the ecosystem. Winners will walk away with Platinum Toads that they can use to access the TOADs treasury.
TOADS is the network cryptocurrency currently in presale and eliciting strong interest. The supply of the deflationary token is capped at 585 million. In addition, a burning mechanism will ensure the total supply reduces over time.
Decentraland (MANA) is a virtual reality-focused token that has more than doubled in value since the start of the year as one of the leading metaverse games. However, despite the impressive run, the token is still down by over 80% from its all-time highs.
Nevertheless, it’s been growing in popularity and bottoming out as a unique virtual reality token that allows people to participate in various adventures. Decentraland will enable people to explore medieval mazes and virtual spaces in previously unseen ways.
One of Decentraland’s biggest undoing is that virtual reality and metaverse space acquisitions have been drying up in recent months. Tech companies are increasingly shifting their attention to generative artificial intelligence.
Sandbox is another unique metaverse and Web 3 game that combines non-fungible tokens, virtual land ownership and community-designed mini-games. Its native SAND token is already up by over 90% for the year.
The stellar performance has everything to do with the project’s three main offerings. VoxEdit is the marketplace and a platform that allows people to create their non-fungible tokens. It also supports the creation of rights to art, videos and collectables. However, the growing interest from the gaming industry presents a tremendous opportunity for Sandbox.
Metaverse and Web 3 are the two terms that exist in virtual reality. Decentraland and Sandbox are some projects that speak volumes in the sector, given their virtual reality ambitions. Nevertheless, DigiToads promises to turn the tables thanks to its thrilling web 3 P2E game and bid to enhance NFT staking.
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