The metaverse is still in its early stages, but the crypto market is seeing a move by companies to tap into its potential. Analysts at McKinsey have predicted a market size of $5 trillion for the metaverse, so big wins are available. Polygon (MATIC) and Cardano (ADA) are two coins that can be winners in the virtual world. Uwerx is another project eyeing big market share, but this is in the real world with a platform for freelance workers and employers.
Polygon (MATIC) Positioned for Metaverse Gains
Polygon (MATIC) is a project that can benefit from the metaverse and analysts at McKinsey have estimated that it could be a $5tn market by 2030. “The metaverse represents a strategic inflection point for companies… it presents a significant opportunity to influence the way we live, connect, learn, innovate and collaborate,” Eric Hazan, senior partner at McKinsey, said. Polygon (MATIC) has already partnered with entertainment giant Disney and was added to the company’s accelerator program.
Polygon (MATIC) also got a boost this year from the news that Meta Platforms (formerly Facebook) had chosen the project for an NFT project. Meta wants to add NFT support to its Instagram platform and Polygon will assist in the development. Both of these projects are with companies that can have big scalability in the metaverse market. Polygon (MATIC) also partnered with Starbucks on NFTs.
Cardano (ADA) also Seeks Metaverse Options
Cardano (ADA) has found itself in a place where it can tap into the metaverse riches. Cardano (ADA previously launched the Pavia virtual world where investors can explore and buy virtual land. Another project on Cardano is Cardalonia which is a play-to-earn metaverse game. The project is one of many that can supercharge the metaverse potential for Cardano.
The founder of Cardano (ADA) is also supportive of the metaverse and sees a healthy future for virtual reality. Cardano (ADA) is just heading for the Voltaire phase, which is the final move to a fully decentralized blockchain. The project had seen DeFi gains in 2021, but the bear market struck at the wrong time.
Uwerx (WERX) Focuses on Real-World Applications – Get in on the Presale Action
Uwerx is not heading for the metaverse but is focusing on the real world of freelance working. Uwerx is building a project to bring freelancers and workers together. The project is targeting a large market with the gig economy bringing $2.3 trillion to the US economy alone in 2021.
Uwerx will utilize the digital ledger to bring benefits to employers and workers – in terms of legitimacy and unique benefits. It will reduce the fees for workers with a cut from 20% to 1%—compared to Upwork and Fiverr. Payments can also benefit from faster speeds as the current players can hold up payments due to a need for third-party clearance.
The current leaders have not faced any disruption to their business model but Uwerx looks set to disrupt the entire gig economy. Analysts predict that Uwerx will see the strongest growth over 2023 & 2024 and see faster gains than Polygon (MATIC) and Cardano (ADA).
Experts state that a project with such solid fundamentals and high growth potential due to real world value is a no-brainer for new and more experienced investors alike. Analysts have plotted a high growth trajectory for Uwerx from its current presale price of $0.0065 with gains to $0.75 by September 2023 and $1-$2 in Q1 2024.
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