The Metaverse has proven to be a powerful and exciting force of nature. Some of the best metaverse crypto coins on the market have delivered massive returns, including the likes of AXS, the metaverse crypto coin of the Axie Infinity game. The token was sold for $0.15 when it first launched, but one year later, it was trading for $165.
Savvy investors are taking note and trying to find the next big thing in the Metaverse. In this article, we’ll deep dive into the Metaverse, crypto coins, and NFTs, new metaverse crypto projects, top metaverse cryptos, and how to buy metaverse crypto.
What Is Metaverse Crypto?
Metaverse crypto refers to the currencies used in metaverse games or worlds.
The relationship between the Metaverse and crypto has been controversial. Some experts are proponents of a metaverse economy that doesn’t use cryptocurrency at all. Others believe that the Metaverse won’t exist or thrive without crypto.
Some cryptocurrencies used in the Metaverse, like Metaverse Exchange, can only be purchased with another cryptocurrency, e.g., to purchase Metaverse Exchange, you need to buy Ethereum (ETH).
What Are Metaverse Tokens?
You can use the terms metaverse coins and metaverse crypto interchangeably. Metaverse crypto tokens are cryptocurrencies that serve as money in a specific environment. Every metaverse project has different tokens used for transactions within that particular environment.
Metaverse token holders can access services and applications within the virtual world or access special in-game abilities. Other tokens represent special items, like clothing for virtual avatars or community membership. The only real difference between regular gaming currency (like coins spent in World of Warcraft) and metaverse tokens or coins is that metaverse tokens have value in both the real and the virtual world. Metaverse tokens can be exchanged for fiat currencies, or if they are an NFT, they can be used to authenticate ownership to tethered real-world assets like collectibles or artworks.
Metaverse tokens include SAND (from the Sandbox metaverse), MANA (used in the Decentraland project), and ENJ, the token of the Enjin metaverse.
Who Sells Metaverse Crypto? How Do I Invest In Metaverse Coins?
You can buy Metaverse crypto on exchanges like Binance, Coinbase, or Gemini. If you want to invest in metaverse crypto, you’ll have to start by making a fiat deposit in US dollars via bank transfer or e-wallet transfer on the exchange.
Once you’ve transferred the money, you can purchase your favorite Metaverse crypto coins via user wallet purchase or credit card. If you want to use those tokens in a game or metaverse environment, you’ll need to transfer them to a crypto wallet that is integrated with that specific Metaverse.
What Crypto Is Best For Metaverse Investment? The Top Ten Metaverse Crypto Coins
Some of the Metaverse assets that are performing very well at the moment include:
SAND is the currency used in The Sandbox. It’s used to sell real-world and digital assets (including NFTs) on The Sandbox marketplace. It can also be used to buy land or play games. You can find SAND for sale on Binance, Huobi, WazirX, and other top exchanges.
MANA is the in-game currency and cryptocurrency of Decentraland. It’s an ERC-20 token that allows users to purchase LAND or pay for goods and services in Decentraland. It’s for sale via Coinbase, FTX, and other exchanges.
AXS is the currency used in the popular gaming platform Axie Infinity. It’s sold on top crypto exchanges, but users can also earn AXS tokens by nurturing virtual pets called Axies. These also serve as NFTs that can be used to compete against other players in tournaments. It’s for sale on Binance, Coinbase, and Gemini.
APE is an ERC-20 token that exists on the Ethereum blockchain. Holders can participate in governing the Ape ecosystem and access games and other products. It’s the native token for Otherside, a metaverse game from Yuga Labs, the company that created the popular Bored Apes Yacht Club NFTs. APE coins are currently being burned (removed from the ecosystem) to bolster the price, but it’s still a very attractive purchase and priced low enough to entice investors.
Highstreet is a metaverse project with huge potential in terms of metaverse applications. You can actually shop for items in the virtual high street, with many Shopify stores already integrated into the platform. Gaming and NFTs are also on the cards, and it’s backed by the tech company HTC, offering plenty of growth opportunities.
Floki Inu is yet another dog-meme-based crypto coin, but it’s great for metaverse transactions. The project will soon launch a game and an NFT marketplace, as well as the content. It’s still being built, but you can get your hands on FLOKI tokens early.
Terra Virtua Kolect is all about NFTs. You can create, sell and buy NFTs from other members of the community using the native token TVK. The project may very well surge when NFTs do. It’s integrated with the Cardano blockchain and is a steady performer, but there are new investments and opportunities on the cards that could see its value take off.
Star Atlas is a metaverse universe set in 2620, with great graphics. Players can conquer lands and collect resources. The Metaverse has partnered with iBuyPower, a PC manufacturer, to expand membership. You can earn ATLAS tokens, its native currency, by playing the game. The game is based on Solana, which has much lower transaction fees than Ethereum.
Enjin is a metaverse-styled gaming environment where you can mint the local token, ENJ, and buy assets to help you progress in the game. It’s like a marketplace combined with a fun game. Enjin reached more than half a million wallets and is currently working on an upgraded version.
Epik Prime is a metaverse project that focuses on NFTs. The cryptocurrency native to Epik Prime, EPIK, is available on PancakeSwap, Hotcoin Global, KuCoin, and other exchanges. Epik has more than 300 gaming clients and licenses to experiences like Universal and Warner Music. The company has seen a bit of a slump, but it may soon pick up again.
Is Metaverse Coin A Good Investment?
As with anything related to the cryptocurrency universe, it’s best to get into the market early and sell at the right time. Many investors are wondering whether it’s too late (or too early for that matter) to invest in the Metaverse, especially following dramatic crypto crashes in June 2022. The days of 1000% ROI may be gone (for the time being), but it’s not too late to invest in the Metaverse or its currencies. There are several notable reasons for this:
The Metaverse Keeps Expanding
New communities are cropping up in the Metaverse every day. The Sandbox has announced that they will create a virtual city called Mega City, indicating that they are expanding every day. Not every community will take off, but companies are investing heavily in ensuring that their platforms are growing and meeting the demands of the market. Gartner Inc has gone so far as to name the Metaverse a “long-term trend in the making” in their Emerging Technology and Trends Impact Radar for 2022 report, reminding us that the best might still be to come.
Big Brands Are Becoming Meta
Some of the biggest brands in the world are moving to the Metaverse. Samsung announced a virtual store in Decentraland, but other fashion-forward companies, including Gucci and Nike, have invested heavily in virtual worlds, from events to partnering with NFT artists. Fashion Week in Decentraland is becoming a large event, as are virtual music festivals. Even conventional firms like PricewaterhouseCoopers and accounting firm Prager Metis have expanded into the Metaverse.
Social and Technological Forces Support the Metaverse
There are several forces at work that will lead to the rapid acceleration and adoption of the Metaverse. 5G networks, the need for virtual collaboration following the pandemic, the rise of edge computing, and advances in AI and VR. The Metaverse has already transformed the gaming industry, and the business world will follow soon. Companies with significant resources, including Google, Meta, Microsoft, and Apple, as well as infrastructure companies like Nvidia and Qualcomm, and investing heavily in the success of the Metaverse, which means there is support behind the concept from some of the biggest tech players in the world.
No one knows exactly what role the Metaverse will play in the future, but some of the biggest companies in the world are betting on its success. As with any new technology, it’s constantly evolving, bringing new opportunities to the forefront. As with any crypto investment, the early adopters are the ones that will benefit the most from its success, so it’s best to start hedging your bets now if you want a chance at becoming one of the first metaverse millionaires.