5 Metaverse Cryptos (Tokens) That May Explode Like Anything
In the following article, I explore Metaverse, non-fungible tokens and gaming, as potential long-term investments. Metaverse is the flavor of the season since Facebook announced it.
Metaverse is a blockchain-based virtual reality that allows for a shared Internet of Virtual Stuff. As Facebook did before it, Metaverse recently rebranded to a name that’s a lot more future-y and tech-y.
Metaverse, by definition, is an alternate reality, but it is not the only game in town. There are some other “Metaverse-like” projects that offer you the chance to be part of their future virtual world or connect with real-world feelings.
Here are the following top 5 Metaverse coins for 2022.
Top 5 Metaverse Token I UFO Gaming (UFO)
The Dark Metaverse is a closed loop of the ever-expanding ecosystem that will consist of P2E games with breedable virtual assets that will entitle collectors to in-game revenue. All games will funnel through UFO’s Mothership Gaming Launchpad. The Dark Metaverse will be the first virtual universe with a closed loop economy. As more games are added, the value of the token increases exponentially.
Currently, it’s a Metaverse that looks like Minecraft with spaceships and aliens. The purpose of this Metaverse is to let people earn NFTs by playing fun games, thereby allowing their value to increase.
Also Listen: Welcome to the Metaverse – Podcast – Podtail
UFO Gaming Token Chart: UFO Gaming price, UFO chart, market cap, and info | CoinGecko
Top 5 Metaverse Token | Axie Infinity (AXIE)
AXS is the native token of the gaming ecosystem Axie Infnity has built. Holders can use their AXS to decide how treasury funds should be allocated or to shape the development of the platform. AXS tokens are the fuel of Axie Infinity. They are used to give holders precedence, rights, or privileges in the system. AXS is the second token to be released by Axie Infinity, and it will open up a lot of possibilities. AXS is the currency in AXIE INFINITY and can be earned in two ways: by playing and contributing to the community.
The AXS token was created by Axie Infinity to help govern the development of the platform. It can be used to decide how money from the treasury should be spent or to allocate funds from the ecosystem fund. You can earn AXS tokens through playing the game.
For the gaming community, AXS represents much more than just a cryptocurrency and hence it remains valuable in that ecosystem. The real challenge that AXS will face is scaling the DAUs by ten-fold.
AXS has a limited transaction capacity on the Ethereum network, and it’ll need to develop higher-capacity tech in order to support the DAUs (Daily Active Users) that it needs to maintain. Axie Infinity will likely be the leader of tomorrow. It will be easily one of the most fun crypto platforms available to crypto enthusiasts and gamers. Without a doubt, it is also one of the lowest risk options for investment in the crypto market.
Top 5 Metaverse Tokens I Decentraland (MANA)
To simplify the definition, Decentraland is a virtual reality environment that mimics the real world. In Decentraland, one can attend virtual events, play games, trade in digital marketplaces and hang-out with people from around the world. Each element in Decentraland is owned autonomously by its users.
The ownership of virtual property can be secured via MANA, an Ethereum-based cryptocurrency which functions like SAND and other blockchain tokens.
The Decentraland virtual world is divided into 90,601 pieces (digital land), each of which is 16 square metres. Each piece of land is located at a specific point in the Decentraland environment. You can develop your plot into anything, although the Metaverse is divided into distinct districts with different sizes and themes. Each district was created through a crowd sale for MANA tokens. MANA holders vote on policy updates, the details of LAND auctions.
Top Metaverse Tokens I Sandbox (Sand)
The SandBox is a gaming platform and metaverse world that lets you purchase, sell and stake various non-fungible token (NFT) assets, namely virtual plots of land. SAND runs on the Ethereum blockchain. One advantage of this is that it prevents manipulation of information.
One downside of purchasing SAND is that the Ethereum network enforces high fees to run code, so there are high fees for purchasing SAND.
There is a large amount of focus on the coin and many people are investing it with a large amount of money. The price of the coin increases rapidly and investors claim that if you invest in this coin for a long time it will be good.
While other projects have applied blockchain to the gaming industry, The Sandbox might be the first to succeed at doing so, because it’s focused on full decentralization.
Since the environment is controlled by the users, it is able to evolve rapidly. The SAND token is not just an in-game currency but also a governance tool allowing people to make important decisions regarding the project itself.
Top Metaverse Coins I Enjin Coin
MetaCity is a metaverse inspired by the game Minecraft, and it’s the world’s first free-to-earn NFT real estate. 70 NFT plots are available for owners to develop any kind of business currently. In the game, the plots of land have been distributed to players. These plots are unique digital objects traded as non-fungible tokens. You can build shops, apartments, or even cities on them.