What is Metaverse?
Coined from two words Meta meaning Beyond and Verse meaning Universe, metaverse is a vision for an alternative digital space for interaction between our physical and digital lives, a place where we will not just live in, but play games and get rewards, conduct business, trade and socialize.
It’s the convergence of both our physical and digital lives, a new phase of the internet that we see coming together of augmented reality, extended reality, and visual reality with our physical world.
Metaverse is the future! At the moment, the metaverse is a jumble of technology, software, and disparate experiences.
You’ve probably even seen an isolated chunk of the metaverse, such as a game.
Currently, one of the best ways to stake a place in this future is to invest in potentials of this future.
Why should you invest in metaverse coin?
Not only is metaverse bringing in a new phase of the internet and reality, according to blueberry the metaverse market size is expected to grow to 800 billion dollars by the year 2024, this signifies how lucrative metaverse can be in the coming years.
Metaverse Coin List
Looking to invest in metaverse coins? Here is the list of best metaverse coins to invest in at the moment.
Kindly note that this list might change with time, so we will be updating it as changes take place.
1 Axie Infinity
Axie Infinity is a blockchain-based online video game that employs the AXS and SLP digital currencies from Ethereum.
This is a play to earn game where Players nurture, grow, and combat their digital creatures known as Axies.
The governance token AXS is used in the Axie Infinity game.
In the Axie infinity games, can vote and shape the direction of the game world, this is different from traditional games where the game developers make all decisions.
The price history of Axie Infinity shows a lot of positive signs and this is expected to increase positively in years to come.
Another token in the Axie Universe is the Smooth Love Potion (SLP). Used primarily for breeding purposes, SLP is a type of currency that may be obtained through completing challenges and adventures in the game. Because it is not a governance token, it cannot be used to vote.
2. Enjin Coin
Another metaverse coin up for consideration is the Enjin coin, Enjin an Ethereum-based token targeted to make it easier for businesses and individuals to use NFTs.
It is created by Enjin, the largest gaming community platform online boasting over 240,00 gaming communities.
Enjin gaming community has over 18.6 registered gamers on the net.
It combime Enjin coins and SDKs 9Suite of Software Development) that developers wish to integrate into their games.
The integration of blockchain into the gaming industry assist in reducing the rate that exists in the transfer of virtual goods.
Enjin coin as ERC20 token built on the Ethereum network bear smart contracts abilities.
Enjin coin is also among the first projects to test the Raiden Network (An Ethereum version of the Lighting Network)
The development and maintenance of virtual products are where Enjin Coin adds the most value to the gaming community. Developers on every system may simply build a currency that is specific to that community and is supported by Enjin Coin.
That allows the coins to gain from all the other blockchain’s features while being tailored to their platforms.
This is another metaverse coin that should be on your radar, Sandbox (SAND) has a maximum supply of 3 Billon. Sandbox is a virtual world built on the Ethereum blockchain.
Players on this platform can build, monetize, and own their gaming experience. On this platform, creators can host custom games and events in the virtual world.
The SAND Token is an ERC-20 utility token and is used for staking transfer and governance.
Analysts like to compare Sandbox, and it’s mostly compared with Roblox because of their similarity in concepts.
The biggest distinction between Sandbox and other virtual world games is that players control the virtual world resources in the form of NFTs.
4. Decentraland (MANA)
This is the largest virtual world in the NFT realm, and it is symbolized by the LAND token, which is a non-fungible ERC-71 token.
Each piece of LAND on Decentraland is distinctive, and its owners have complete control over what they choose to do.
Just like other coins mentioned so far, Decentraland is a decentralized virtual reality built on the Ethereum blockchain.
The decentralized nature of the Decentraland makes it different from other Virtual projects.
You can purchase land, build it, monetize and engage in the applications and content that are built by other users.
5. UFO Gaming
“UFO Gaming is a fully decentralized inter-galactic social gaming token. P2E (Play to earn) Metaverse, Virtual land, NFT, Gaming and IDO Launchpad.
For everything $UFO-related, the $UFO token will be required. You will need it to interact with any element of the ecosystem.”
UFO Gaming recently held a $10,000 tournament for players and streams. With a market capitalization of $612 million, UFO is worth investigating further.
UFO is offered on the centralized exchanges Uniswap and ShibaSwap.
6. Yield Guide Game
Yield Guild Games (YGG) is a DAO that invests in nonfungible tokens (NFTs) used in virtual worlds and blockchain-based games.
The organization’s objective is to build the largest virtual world economy by maximizing the value of its community-owned assets and sharing earnings with token holders.
7. Star Atlas (ATLAS)
This is another interesting metaverse coin, ATLAS is the native token of the Start Atlas metaverse, a multiplayer virtual reality space game where participants create avatars, play, and earn in a 3D virtual space.
Star Atlas, which premiered in September 2021, has acquired a lot of popularity thanks to its compelling tale and stunning video quality.
The ATLAS coins will be used in the Star Atlas game, which is currently being developed on the Solana blockchain.
ATLAS tokens will be the game’s in-game currency, which can be used to acquire assets and NFTs on the NFT marketplace. ATLAS token has a maximum supply of 36 billion.
8. Radio Caca
The native token and governance token for the USM Metaverse, Metamon Game, and other games and social Dapps within the USM Metaverse is the $RACA token.
The Universal Metaverse (USM) and the blockchain game Metamon were created by USM Lab.
USM is a virtual environment where players can purchase land and construct stores and art galleries.
“Users can zoom in and zoom out dynamically inside and around the 3D planet, just like Google Earth. The USM Metaverse beta test version was launched in December 2021.
There will be a massive NFT marketplace inside the Metaverse for swapping collectables. The USM Metaverse can provide IGO (initial Game Offering) Launchpad services for games and ISO (initial Social Dapp Offering) launchpad services for Social Dapps.
The Metamon game will be integrated into this Metaverse. The final version of Metamon will be launched on October 28th. We expect to have 300,000 Metamon players at the end of 2021.
The Universal Metaverse will maintain a high number of daily active users because of small games such as <Metamon> and other social Dapps. We also expect to have 2 million users at the end of 2022 for Metamon and the USM Metaverse.
The game is designed as a “Play-to-earn” game because the team has a strong grasp of Gamification and NFTs.”
9. Metaverse Index (MVI)
Another intriguing metaverse token is the Metaverse Index (MVI) token. The token, which is symbolized by an ERC20 token, is designed to capitalize on the trend of businesses, entertainment, and sports moving to virtual worlds.
Owners of the MVI token gain access to a wide range of tokens from various crypto projects, including online games, non-fungible tokens, and virtual worlds.
Summary of Best Metaverse Coin to consider for investment
Kindly note that the above information is not an endorsement of any coin, and we will not be held responsible for the choice you make with this information.
This piece of information is for education purposes, make sure you do proper research before investing in any coin.
We are only informing you about what we know will be good for you.