The term “metaverse” appears to be all over the news, social media, and even the dinner table. Despite the fact that the technology is still in its early stages, it is attracting the interest of IT and crypto investors. Metaverse coins, as a result, provide an unexplored opportunity for 2022.
It also helps that Facebook, one of the world’s largest tech corporations, is investing on the metaverse, even changing its name to Meta. Last year, the corporation reportedly spent $10 billion on its metaverse project, which it touts as the technological future. In that trip, cryptocurrencies and blockchain will be crucial.
So, what is the relationship between the metaverse and cryptocurrencies? What exactly is the metaverse? Also, which metaverse tokens should you purchase? Here’s all you need to know about the metaverse and how to invest in the greatest coins.
Right now, the best Metaverse coins to buy are
The good news is that, because metaverse initiatives are still in their early stages, coin prices are still very cheap – in many cases, considerably under $1, and in some situations, less than 1 cent. This makes it possible for almost anyone to invest. However, this does not imply that all endeavors are worthwhile.
It’s best to invest in metaverse coins that have proven their worth by performance, financial backing, or both.
The top metaverse crypto coins for 2022 are shown below.
1. Infinity Axie (AXS)
Axie Infinity is a metaverse project that comes closer to the definition of the term, but it’s primarily a game. In this play-to-earn metaverse game, the AXS token serves as the local money.
With a market cap of over $4 billion, Axie is one of the most valuable metaverse cryptos. The YTD performance, on the other hand, is -27.68 percent. Many investors may not be optimistic, but the coin’s value has begun to increase again. Part of the reason for this could be the upcoming release of Axie Infinity: Origin, a much-anticipated update that adds new features and enhances game dynamics.
Despite the fact that it is built on the concept of the metaverse, VR has yet to be included.
Characters, or Axies, appear in the Axie Infinity game, and these Axies are non-fungible tokens that gamers may buy and sell. They can, for example, breed new Axies by combining two Axies. In the Axie Infinity metaverse, there’s also virtual real estate, which could attract non-gamers as investors. A block of land, for example, was sold for $2.3 million.
2. Sandbox (SAND)
The crypto-metaverse initiative The Sandbox has demonstrated outstanding performance. SAND, the platform’s native token, rose steadily throughout 2021, finally crossing the $1 barrier in the fourth quarter, maintaining its upward trend. SAND is currently selling for $3.40 as of March 26.
This project realizes the metaverse concept with a VR component. The Sandbox is essentially a game, and it is supported by gaming companies such as Atari. In its metaverse, HSBC recently purchased virtual real estate. However, it is strongly reliant on the development and exchange of NFTs. The SAND metaverse tokens can be used to generate NFTs.
This cryptocurrency project, like so many others, is built on Ethereum.
Another appealing feature is the limited coin supply of 3 billion tokens, of which 1.14 billion are now in use. As of March 26, its market capitalization was $3.87 billion.
3. Decentralization (MANA)
Decentraland is one crypto metaverse project that has received a lot of attention recently. This was largely due to the NFT frenzy, which boosted MANA, the platform’s native coin, significantly.
Many NFT owners began to use the site to display their vehicles. But NFTs aren’t the only thing available on this metaverse. Its key feature is the ability to purchase virtual land, hence the name.
Sotheby’s, a luxury goods and art broker, purchased a block of property in Decentraland and built a copy of its London offices there. This demonstrates that even large corporations are interested in metaverse projects.
Decentraland, founded in 2017, is one of the older projects that has taken time to gain traction. MANA’s performance hasn’t been stellar, but its market capitalization of $4.79 billion as of early 2022 makes it the largest metaverse token by market capitalization. MANA, like many, if not all, cryptocurrencies, has dropped dramatically since the start of the year, but it is still up 126 percent from a year ago.
4. The Main Street (HIGH)
Highstreet is an intriguing metaverse project that supports virtual reality and has metaverse application potential. For starters, you can use the currency HIGH to shop for items within this virtual realm. The gaming platform has already incorporated certain Shopify merchants.
This initiative already achieves what the metaverse technology promises in the real world — or, in this case, the metaverse. This can be a smart alternative if you’re an investor who values pragmatism.
HTC is behind the initiative, which received $5 million in funding in August 2021. It has a market capitalization of more than $75 million as of March 2022. The coin’s value has climbed by at least 43 percent since its launch in October 2021.
It also includes gaming and has NFTs on its radar, indicating that it is current with tech and crypto trends. HIGH is now available on Coinbase as well.
5. Inu Floki (FLOKI)
Yes, Floki Inu is yet another dog-meme-based cryptocurrency, but it’s a contender for a viable metaverse cryptocurrency — especially for those looking for cheap coins. Elon Musk’s dog, a Shiba Inu, inspired the currency, which is also the name of another cryptocurrency project.
According to the project’s website, the goal is to merge memes with real-world applications. It also plans to build a game, as well as an NFT marketplace and a content and education platform. People have been buying FLOKI tokens despite the fact that the project is still in its early stages.
As of March 26, Floki Inu has a market cap of $285.85 million and is trading at $0.00003513.
6- Metahero (HERO)
Metahero is a brand-new metaverse project that uses 3D scanning to create HD avatars of real-world objects and people. In Doha, the company has even set up a scanning room that scans objects and converts them into digital, 3D forms for the Metahero realm.
For this, Metahero has teamed up with Wolf Studio. As of March 2022, the native cryptocurrency HERO has a market valuation of around $252 million. Although this is a lower amount than some of the other tokens on this list, it is due to the project’s infancy.
The YTD performance of Metahero is -62.53 percent, which is in line with other alt-cryptocurrencies. It could benefit from its new listing on the Bybit exchange.
7. Kolect Terra Virtua (TVK)
Terra Virtua Kolect is a project that started in 2017, before NFTs ever existed. However, it is now a virtual environment focused solely on NFTs. Using the native token TVK, you can make, sell, and purchase NFTs from other members.
Given the spike in NFT investment, this initiative, which is based on NFTs, has enormous potential. According to CoinMarketCap, the platform is interoperable with web, PC, and augmented reality/VR environments.
The market capitalization of TVK is currently above $87.73 million, with a YTD performance of -39.54 percent.
8 – Star Atlas (ATLAS)
The metaverse project Star Atlas is built on a game with spectacular graphics. The game takes place in the future, in the year 2620, and allows players to conquer land and gather resources in a futuristic scenario.
The game, which is currently in development, also has a metaverse token called ATLAS that can be acquired by playing it. Consider it a typical reward-based game in which you earn coins as you play and complete tasks. However, the benefits in this scenario have the potential to be profitable.
The game is built on the Solana blockchain, which has lower transaction fees than Ethereum-based enterprises. It has a market worth of $62.29 million and is now trading at $0.02884.
9. Enjin (ENJ)
Metaverse coins are common in games, and Enjin is no exception. It’s a metaverse-style gaming environment in which you can “mine” the local token, ENJ, which you can then use to purchase items that will help you advance in the game.
Everything in the game, from medicine to character enhancement, may be purchased with ENJ, just like an NFT. As a result, it resembles a marketplace.
This one is similarly built on the Ethereum blockchain and has a market valuation of approximately $1.45 billion. Despite the recent volatility, ENJ has increased by around 880 percent since its inception in 2017. It also looks to be on the rise. On Polkadot, Enjin just created the first-ever NFT parachain, making over 100 games and apps available.
10-Epik Prime (EPIK)
Epik Prime is a metaverse crypto project whose focus has shifted to NFTs. EPIK is a cryptocurrency that can be purchased on PancakeSwap, Hotcoin Global, KuCoin, and Huobi Global. According to CoinMarketCap, Epik licenses NFT artifacts and experiences to corporations like Warner Music and Universal, indicating that it is likely to recover from its recent fall.
EPIK has a market valuation of $18.8 million despite being released less than a year ago. Over 234 million coins (or 12 percent) of the total issue of 2 billion are in circulation.
Metaverse Coins: What Are They?
The Metaverse is the technology that powers a virtual environment where individuals can shop, play games, buy and sell currencies and other items, and more. Consider it a cross between augmented reality, virtual reality, social networking, gaming, and cryptocurrency.
Cryptocurrencies will be used as money in the metaverse. The concept is based on the blockchain. The names “metaverse coins,” “metaverse tokens,” and “metaverse crypto” all come from this. Tokens exist in every metaverse project and are used for transactions within that environment.
Current Metaverse Projects:
Several metaverse projects are already in the works, and their tokens may be purchased, with some even being listed on cryptocurrency exchanges. These projects are attracting the attention of both crypto investors and fans due to their potential.
Metaverse coins outperformed Bitcoin in 2021, according to Macro, a research organization based in the United Kingdom, with a 37,000 percent growth. Meanwhile, Bitcoin, the most valuable cryptocurrency by market capitalization, increased by 100%.
Virtual games to non-fungible token marketplaces are among the Metaverse projects, each with its own concept and even some real-world applications.