For Augmented Reality (AR), the user has extra computer-based information along with real-world data. This is mainly done to enhance their perception of reality. The VR/AR altcoin ecosystem is still in its early stages with a total market cap of $241 million and a total trading volume of $42 million. This post covers the top VR/AR altcoin picks from Will Izuchukwu, an analyst who watches the industry closely.
The best VR/AR altcoin projects you should watch in 2022
Mist (MIST)
Based on Binance Smart Chain, Mist Metaverse is a P2E NFT open world RPG ecosystem. It is a P2E (play-to-win) game with lots of AR, VR and metaverse features. Players in the game choose eight character races, nine character classes, and a region spanning more than 240 square kilometers. Mist Metaverse uses the MIST token as the primary cryptocurrency for most in-game transactions. It also serves as the de facto management token of the in-game world.
The built-in game system Mist Game Framework is the basis of the game (MGF). MGF is a virtual world with nine playable character classes and various skills. In the world of Mist, NFTs can be incorporated into the Mist game framework and used to create game elements. In-game exchanges and non-NFT exchanges are two other places where they can be traded. MIST token is currently traded on Gate.io, LBank, LATOKEN, PancakeSwap (V2) and ZT exchanges. As of writing, its price is $0.01793.
Kalao (KLO)
Avalanche (AVAX), a Layer 1 Blockchain, is the foundation of the NFT ecosystem known as Kalao (KLO). It combines the DeFi capabilities of the NFT market with its own VR showroom to accelerate the adoption of virtual reality (VR) technology. Users can make transactions via NFT in the Kalao NFT market. They can also create a customized 3D NFT gallery to showcase their NFT collection. Choosing the Avalanche network, Kalao provides low-cost, fast and secure transactions.
Kalao also aims to incorporate NFTs into real-world use cases by allowing users to showcase their artworks, sell high-quality goods in the marketplace, and even use it as an event ticketing platform. Unlike many other markets, Kalao provides VR technology to enhance and improve the user experience. Visitors can attend concerts and other events at Kalao Gallery, a virtual reality gallery.
KLO is currently trading on Gate.io, LATOKEN, ZT, TraderJoe and Pangolin. As of September 1, it is trading at $ 0.01621.
Revomon (REVO)
Another VR/AR altcoin project, Revomon is an online win-to-play RPG metaverse game. It features monster-hunting game mechanics played in virtual reality in the Axie Infinity and Pokémon Go styles. Revomon describes itself as “the first monster metaverse available in virtual reality.” As a result, its distinctive value proposition combines VR gaming with well-known GameFi components.
Revomon also adds liquidity to the token’s liquidity pool, allowing users to earn passive income. The token supply has a significant portion set for the payment of rewards. REVO is currently traded live on CoinTiger, XT.COM, Gate.io, PancakeSwap (V2) and Uniswap (V2) exchanges.
Spheroid Universe (SPH)
SPH describes itself as a platform for building and deploying AR applications. Spheroid AR Cloud OS and Spheroid Script programming language are cited as the technological foundations of the platform. Spheroid Universe has these Tools and Services for AR/XR Development:
- SHEROID SCRIPT: This cross-platform programming language was created to speed up and lower the price of building AR/XR applications. Spheroid Script has good performance and low energy consumption, which is very important for mobile devices.
- SHEROID DEMIURGE IDE: This platform is an integrated development environment for developers and designers working on AR/XR applications in the cloud. Digital environments can be created, populated and animated using the Demiurge IDE.
SPH is currently traded on LATOKEN, Uniswap (V2), ShibaSwap and 1inch exchanges.
vEmpire DDAO (VEMP)
vEmpire DDAO is one of the largest decentralized metaverse investment companies. VEMP token is a cryptocurrency that provides passive income through staking. VEmpire is also the first protocol to make it possible to stake metaverse cryptos. Investors have staked more than $55 million in metaverse coins on their platform to generate profitable returns and support substantial decentralized community investment and management.
In addition, vEmpire works in the NFT and GameFi industries by launching play-to-win games and nurturing smaller projects to provide immersive and interactive channels for their communities. VEMP is currently traded on BingX, MEXC, KuCoin, Bitrue, and Gate.io.
