The Top Metaverse Projects in 2022 Compared: Radio Caca (RACA), Sandbox (SAND), Axie Infinity (AXS), and Decentraland (MANA)

Radio Caca (RACA), the exclusive manager of Maye Musk Mystery Box (MPB) NFT and the United States of Mars (USM) brand issuer, started getting more attention since Facebook rebranded to Meta in late October 2021. The “play to earn” market has witnessed an explosion in capital growth attracting new liquidity from investment funds and users alike. Metaverse projects and technology companies, like Radio Caca (RACA), have received great attention from the whole market. 

Some smart contract related coins have rallied as much as 2355% this year while DeFi coins have jumped 548% and Bitcoin rising just over 97% in the same timeframe. Currently, it’s all about Metaverse everywhere and we also expect 2022 to witness further expansion of this new Metaverse market segment. If companies like Facebook are chatting about the Metaverse, then we should at least listen. This article will go through the four most promising Metaverse projects, namely Radio Caca (RACA), Axie Infinity (AXS), Sandbox (SAND), and Decentraland (MANA).

Everyone is talking about the Metaverse, but what exactly is Metaverse?

Metaverse is currently making headlines in the tech world and Cryptocurrency sphere because it is the next evolution of the web (there is a great article by Mattew VC and the link is here). Radio Caca (RACA), one of the early players entering this market, released the USM Metaverse to the public in Q4 2021.  More and more people are talking about Metaverse and how it’s going to change the way we live and interact. Metaverse is the term we use to describe how we expect the next-generation Internet will look like: virtual reality (VR) and augmented reality (AR) in mass use to allow the physical and virtual worlds to interact closely and collaboratively. As a matter of fact, big tech firms are investing a lot of money and resources into Metaverse and it is obvious that no one wants to be left behind in this competition to own a piece of the potential future of the multi-dimensional Internet world.

Radio Caca (RACA)

Radio Caca (RACA), the exclusive manager of Maye Musk Mystery Box (MPB) NFT and the Universal Metaverse (USM) brand issuer, has been proud to launch the top rare NFT on this planet: Maye Musk’s Mystery Box, known as MPB. Since early July, MPB has risen 17,500 times more than its initial price just within 5 months in 2021. 

Radio Caca continues to launch Metaverse project USM Metaverse to storm the Metaverse crypto world with its native token $RACA. Started in May 2021 and running on Binance Smart Chain (BSC), the project has experienced a significant increase in popularity. Radio Caca (RACA)’s blockchain mini-game Metamon Island, which is only considered to be a lead-up game to Radio Caca (RACA)’s United States of Mars (USM), and its NFT marketplace both had extremely impressive growth in various core metrics in a short period of time. During Radio Caca (RACA)’s 1st USM Metaverse land mystery box release, users paid a whooping $30 million to acquire the entire collection in less than 2 hours despite the heavy congestion of BSC.

Just one month after launching, the 24-hour trading volume of Radio Caca (RACA)’s NFT Marketplace has surpassed a staggering number of 24,000,000,000 RACA tokens, which is roughly $280 million USD at Radio Caca (RACA)’s all-time high token price. The number of Radio Caca (RACA) NFT Marketplace’s active users has risen to over 80,000, which is much higher than that of OpenSea, which is at just over 22,000. Radio Caca (RACA) has recently reached over 430,000 unique crypto wallet addresses, an exceedingly impressive number in only 6 months since Radio Caca (RACA) ’s birth. Over 35,000 crypto wallets hold at least one Metamon, which is now the main NFT in the GameFi game Metamon. To make a direct comparison: it took Axie Infinity almost 2 years to achieve this number of active users and the 24-hour trading volume since its launch in 2018. Obviously, the result is that Radio Caca (RACA) takes more market share from its predecessors at a very fast and growing speed.

Radio Caca (RACA)’s current low market cap and its recent enormous achievements are other main factors that makes the project very promising for most people entering this market ground. Radio Caca (RACA) has recently been ranked 1st in the Metaverse sector, a fierce competition among the 40 best projects on Binance Smart Chain. In a recent move, Radio Caca (RACA) has also secured a strategic investment from OKEx Blockdream Ventures, the investment division of OKEx with an initial capital scale of $100 million USD to support cutting-edge blockchain innovations. Even though the price of the native token $RACA has risen a lot already, Radio Caca (RACA)’s market cap is still just over $400 million USD, which means there is still huge room for capital growth. 

2022 is definitely going to be a massive year for Radio Caca (RACA) with its USM – an innovative Metaverse, in which players can own land, build houses and buildings, and fight with other players to acquire more territory in USM Metaverse, is expected to be released in March 2022 and the USM Chain Mainnet launched in June 2022.

Axie Infinity (AXS)

Started in 2018, Axie Infinity’s native token AXS has risen 78,420% in the last year. The 24-hour trading volume of the AXS native token is almost $500 million USD. The project is on track to generate $2.7 billion in annualized revenue, according to data from Token Terminal. Similar to Radio Caca (RACA), players in Axie Infinity can trade, battle, and breed non-fungible token (NFT) creatures called Axies in their NFT marketplace — a Pokémon-style investment opportunity. Its market cap at the time of writing is over $4.5 billion USD.

Around December 2021, Axie Infinity has got almost 1.85 million daily active users, up almost 4,770% since April. However, revenue has been declining over the past few months, leading to the increase in the payback period to about 6 months due to the cost to breed the in-game NFT characters. Axie infinity (AXS) has experienced incredible growth in 2021, however, its high market cap and longer payback period made it a bit less attractive to investors. We believe though that there’s still a lot of room for Axie to grow in 2022.

Sandbox (SAND)

SAND is the token of Sandbox, a blockchain-based game, and Metaverse world. Similar to Radio Caca (RACA) and Axie Infinity, players can buy, sell, and claim various non-fungible token (NFT) assets, in this case, virtual plots of land. If you’re a fan of Minecraft, Sandbox is probably an ideal play-to-earn game for you. Sandbox’s UI takes the same approach as Minecraft. Once you own land, you can build houses and other buildings on the land too.

Taking advantage of the news from Facebook rebranding to Meta, Sandbox’s market cap had risen to over $5 billion USD which was over 725% in just over a month. In 2021, Sandbox’s user base grew five-fold, reaching 500,000 wallets. Sandbox’s monthly active users are a bit over 30,000, about half of whom spend about an hour or so per day on the Metaverse. Collectively, Sandbox’s Marketplace saw over 100 artists selling user-created NFTs for 2.2 million $SAND (approximately $6.3million). It also currently has over 165 brands, IP, and artists reaching an audience of over one billion fans.

Sandbox runs on the Ethereum blockchain. The fact that Ethereum has the best available track record is indeed an advantage. However, Ethereum is “notorious” for charging users high gas fees. Similar to Axie, its exponential growth in market cap in 2021 might reduce its potential growth in 2022, but that doesn’t mean Sandbox has reached its maximum potential. Like Radio Caca (RACA), it is likely to continue its growth in 2022.

Decentraland (MANA)

Decentraland (MANA), the oldest Metaverse project in the list, which debuted in 2015, is a “virtual social world” that resembles our physical world. Players can organize and attend online events, play online games, socialize with other players all over the world, and trade digital products in marketplaces. Being an NFT game, Decentraland players can secure virtual property ownership with MANA, which is well established and widely available. Decentraland is somewhat similar to Radio Caca and Sandbox in that it focuses on land and the interaction and communication among players – the Social Finance aspect of the general Metaverse concept.

Similar to Sandbox, the recent rebranding of Facebook has given a significant boost to the market cap as well as the user base of the project. Having reached over $10 billion, its market cap is standing at around $5 billion. The recent $69 million piece of art auctioned by Christie’s and a rush on NFT-connected NBA TOP SHOT has given a boost to Decentraland, with prices on its digital land skyrocketing. At the beginning of 2021, Decentraland averaged about 1,500 daily active users. In March, it hit 10,000.

Decentraland NFTs were sold 502 times in at the beginning of December 2021. The total sales volume for Decentraland was $16.03M. The average price of one Decentraland NFT was $31.9k.

We have covered the top 4 Metaverse projects: Radio Caca (RACA), Axie Infinity, Sandbox, and Decentraland, and each has its own features. Radio Caca (RACA) has shown surprisingly huge potential in this space in 2021, and people are waiting to see their performance in 2022 as the launch of the USM Metaverse project approaches. Are you ready to game on? One thing for sure is that Metaverse in 2022, people who are interested in Radio Caca (RACA), Axie Infinity, Sandbox, and Decentraland can keep calm and gear up!

LA Weekly