Users and admirers are becoming increasingly interested in metaverses. NFTs are a significant factor in the recent surge in popularity of metaverse crypto coins. Since Facebook’s rebranding as ‘Meta’ news, the prices of a number of metaverse cryptocurrency coins have soared.
However, before I provide you with a list of the best metaverse coins, I want to emphasize that this is not a recommendation or should be construed as financial advice. Always exercise caution.
What is Metaverse?
The metaverse is a virtual space in which humans and bots can interact in order to play games, conduct business, socialize, and shop.
That is how the metaverse of the future will look. At the moment, the metaverse is a jumble of disparate hardware, software, and experiences.
You’ve almost certainly come across a piece of the metaverse in a standalone format, such as a game or training session. They remain decentralized.
Top 11 Metaverse Coin Listing
Amongst numerous metaverse crypto coins existing at the time of writing this piece, here are the metaverse crypto coins to currently lookout for; This is a comprehensive list of our best metaverse coins that have great blockchain projects around them.
1 Axie Infinity
AXS is the Axie Infinity game’s governance token. Token holders will be able to influence and vote on the game universe’s direction.
This is in contrast to traditional games, in which the game developers make all decisions. AXS token holders will be able to stake their tokens in order to earn additional AXS and vote on governance proposals. The metaverse coin price is listed on Binance.
Smooth Love Potion is the other token in the Axie universe (SLP). SLP is used for breeding purposes and can be earned by defeating enemies and completing quests in the game. Because it is not a governance token, it cannot be used for voting.
2. Decentraland
Are you familiar with the book or film Ready Player One? Then, you know where we are going. Decentraland is an Ethereum-powered decentralized virtual reality (VR) world.
In this virtual world, you can purchase land, develop it, monetize it, and immerse yourself in the applications and content created by other users.
Decentraland’s decentralized nature distinguishes it from other virtual reality projects.
The land and in-game currency are powered by the Ethereum blockchain, which grants users complete ownership and promotes transparency.
MANA is the indigenous currency of Decentraland. It is an ERC-20 token based on Ethereum. At the moment, MANA can be used to purchase LAND in Decentraland, as well as to pay for goods and services.
MANA tokens are one of the best metaverse coins to invest in and are traded on a number of centralized and decentralized exchanges, as well as through swap services.
3. Enjin Coin
Enjin Coin is Enjin’s cryptocurrency for virtual goods. It is tagged as the “world’s largest online gaming community platform,” with over 250,000 gaming communities and 18.7 million registered users.
The Enjin team is developing the coin entirely around gaming with the goal of making it the industry’s most usable cryptocurrency.
The Enjin Coin is part of the project, as is a suite of software development kits (SDKs) for developers to integrate into their games and communities.
By incorporating blockchain technology into gaming, we can help reduce the high fees and fraud associated with the transfer of virtual goods.
Enjin Coin is an Ethereum-based ERC20 token. As a result, the project functions not only as a cryptocurrency but also as a smart contract platform. Additionally, it is one of the first projects to put the Raiden Network, Ethereum’s version of the Lightning Network, through its paces.
Through its public API and SDKs, the Enjin Coin platform offers a plethora of features.
Enjin Coin’s greatest value to the gaming community is in the creation and management of virtual goods. Developers on each platform can easily create their own currency that is backed by Enjin Coin.
This metaverse crypto project provides the coins with all of the blockchain’s benefits (speed, cost, security, etc…) while remaining tailored to their respective platforms.
4. Sandbox
Sandbox is a community-owned decentralized virtual world. In the virtual world, creators can host their own games and events. Due to their conceptual similarity, analysts frequently make comparisons between Sandbox and Roblox.
The critical distinction between Sandbox and Sandbox is that players retain true ownership of virtual world assets in the form of NFTs.
As a result, players and creators will be able to participate in the economy by trading assets and earning tokens, making Sandbox a play-to-earn game as well.
5. UFO Gaming
UFO Gaming is an intergalactic social gaming token that is completely decentralized. Metaverse, Virtual Land, NFT, Gaming, and IDO Launchpad are all P2E (pay to earn) services.
The $UFO token will be required for all $UFO-related transactions. You will require it in order to communicate with any element of our ecosystem. The utility of our token can be classified into three categories:
- $UFO, Plasma Points, and UAP are all available.
- $UFO is a community-owned enterprise.
Plasma Points can be earned by staking a single $UFO or UFO-ETH LP pool in the Cosmos and redeemed for Origin UFOep. To play our first game, ‘Super Galactic,’ you must have an Origin UFOep. - Within the game, UAP is required to purchase, trade, and fuse (breed) NFTs. It is only available through playing Super Galactic.
Launchpad: Stake your UFO tokens or purchase land on the game’s dedicated planet to gain tiered access to some of the most anticipated gaming projects to be added to the Dark Metaverse.
Our Dark Metaverse is not limited to a single chain.
It will be multichain in nature. UFO will launch games on some of the most reputable chains, covering a diverse range of game genres and L1 and L2 niches.
Interoperability, One Game, One Planet – UFO Gaming.
6. Radio Caca
Radio Caca, or $RACA, is the native token and governance token for the USM Metaverse, Metamon Game, and other games and social Dapps that exist within the USM Metaverse.
The Universal Metaverse (USM) and the blockchain game Metamon were created by USM Lab.
USM is a three-dimensional virtual world in which players can purchase land and construct stores and art galleries.
Users can zoom in and out dynamically within and around the three-dimensional planet, similar to Google Earth. The beta test version of the USM Metaverse will begin in December 2021.
Within the Metaverse, there will be a massive NFT marketplace for trading collectibles.
The USM Metaverse can provide IGO (initial Game Offering) and ISO (initial Social Dapp Offering) launchpad services for games and Social Dapps, respectively.
This Metaverse will incorporate the Metamon game. Metamon’s final version will be released on October 28th. By the end of 2021, we expect to have 300,000 Metamon players.
Due to small games such as Metamon and other social Dapps, the Universal Metaverse will maintain a high daily active user base. Additionally, we anticipate that Metamon and the USM Metaverse projects to have 2 million users by the end of 2022.
Because the team has a strong understanding of Gamification and NFTs , the game is designed as a “play-to-earn” game.
7. Yield Guide Game
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) dedicated to investing in nonfungible tokens (NFTs) that are used in virtual worlds and blockchain-based games.
The organization’s mission is to build the largest virtual world economy possible by optimizing the utility of its community-owned assets and sharing profits with token holders.
8. Facebook Tokenized Stock(FB)
Since its rebranding, Facebook has invested approximately $50 million in its metaverse projects. Therefore, it is prudent for investors to have the option of investing in their tokenized derivatives/versions of shares that are 1:1 representations of the underlying stocks.
The FB token is currently trading on the centralized exchanges FTX and Bittrex.
9. Metaverse Index (MVI)
This is another metaverse cryptocurrency, similar to a metaverse ETF (exchange-traded fund), but this metaverse stock is for the crypto market.
There are a maximum of 39,602 tokens available. It is exchangeable on decentralized platforms such as UniSwap and 0x Protocol.
10. Star Atlas (ATLAS)
ATLAS is one of the metaverse’s native tokens. It is the native token of the Start Atlas metaverse, a multiplayer virtual reality space game in which players create avatars, play, and earn in the 3D virtual space. Star Atlas, which premiered in September 2021, has gained significant traction due to its compelling story and cinematic video quality.
ATLAS has a market capitalization of $344 million and is actively traded on the centralized exchanges Gate.io, FTX, MEXC Global, and Hotbit.
11. RedFOX Labs (RFOX)
RFOX is the native token of RedFox Labs, a venture capital firm focused on the development of internet businesses in emerging markets. A Bored Ape Yacht Club would be minted and auctioned off today at 10PM GMT+8 (2 PM UTC), the first of its kind from RedFox Labs. RFOX currently has a market cap of $209 million and is traded on the PancakeSwap, Kucoin, UniSawp, and Gate.io exchanges.
This information is merely the author’s personal opinion on metaverse cryptocurrency. It is critical to DYOR before investing in any digital asset; additionally, one can consult an independent cryptocurrency data aggregator to learn about additional metaverse-related tokens.
Top 5 Metaverse Tokens By Market Capitalization
Based on market capitalization, we further explore a comprehensive metaverse token list. We also outline the best metaverse crypto where to buy in 2022.
5. UFO Gaming (UFO) – Marketcap $593 Million
With a market cap of $593 million, multi-chain UFO Gaming ranks fifth on our list of the top 5 Metaverse tokens. According to UFO Gaming, “The Dark Metaverse is a closed-loop, ever-expanding ecosystem comprised of P2E games with breedable in-game NFTs and Virtual Land that will entitle collectors to in-game revenue.” All games will be routed through the Mothership Gaming Launchpad at UFO. “The UFO Unlocks the Universe”.
Essentially, it’s a dark-themed Metaverse with an emphasis on space, planets, and UFOs. It aims to provide a series of games for the purpose of earning NFT-based games and virtual real estate, the value of which will increase as more participants enter game-based economies. The first game in this Metaverse is Super Galactic, a role-playing game with character creation and quest-based gameplay..
4. Yield Guild Games (YGG) – Marketcap $653 Million
The Metaverse is here; but, what about an organized group interested in investing their time and effort in them in exchange for lucrative rewards for entire communities?
Enter Yield Guild Games, which describes itself as “a play-to-earn gaming guild that connects players to earn money through blockchain-based economies.” We are the metaverse’s settlers of new worlds”.
At $653, it ranks fourth on our list of the top five Metaverse tokens.
Yield Guild Games is a sort of Metaverse’s Yearn Finance, a decentralized autonomous organization (DAO) dedicated to yield aggregation across various Metaverse projects. The project is located at the nexus of NFTs and DeFi.
Its stated mission is to build the “world’s largest virtual world economy” by optimizing DAO-owned gaming assets / NFTs in various Metaverses for utility enhancement and profit generation.
3. The Sandbox (SAND) – Marketcap $1.47 Billion
Now, we’re talking billions of dollars with the third entry on our list of the top 5 Metaverse tokens. The Sandbox is an Ethereum-native virtual world in which users can buy, sell, and even create their own digital assets.
It provides the ideal experience by integrating online interaction, decentralization, and gaming. It aims to popularize blockchain technology by attracting both gamers and creators by combining play-to-earn and non-fungible token economies.
SAND is the platform’s utility token, which is used for platform transactions and decentralized governance.
2. Decentraland (MANA) – Marketcap $3.31 Billion
Decentraland, the second-oldest virtual real estate project (after ancient Etheria), was launched on 15 August 2017. It is a Metaverse platform akin to a digital sims that enables users to create and experience virtual reality.
Users can purchase plots of land (non-fungible, one-of-a-kind digital assets) on which to construct. It contains information about the location, owner, description of the content, and access controls. Additionally, they can create and monetize assets.
Decentraland is a cryptocurrency based on the Ethereum blockchain. MANA is the native ERC-20 utility token, but land ownership and transfers are represented by the ERC-71 Non Fungible Tokens (NFTs) standard token LAND.
The Decentraland DAO is responsible for managing critical smart contracts and assets that comprise Decentraland – lands, estates, wearables, servers, and the marketplace. Additionally, it controls a sizable amount of MANA tokens, which enables autonomous function, subsidy provision, and normal operation.
Users retain complete control over the policies and functionality of their digital assets on the platform. The community can vote on policy updates, future LAND auctions, the NFT contracts that are permitted, the builder and marketplace, and so forth. In short, they can vote on anything they want.
Aragon incorporates and powers the governance mechanism. With a market cap of $3.31 billion, it ranks second on our list of the top 5 Metaverse tokens.
1. Axie Infinity (AXIE) – Marketcap $8.95 Billion
The apex predator at the pinnacle of the current Metaverse hierarchy needs no intro. Axie Infinity is a well-known and popular play-to-earn game with a modest-by-TAM market cap of $8.95 billion at the time of writing.
As a result, it ranks first on our list of the top five Metaverse tokens. Axie Infinity is based on Ethereum’s Ronin side chain.
Players can earn money by participating in PVP battles, breeding Axies and selling them on the market, or collecting rare Axies.
Axie Infinity, like the majority of Metaverse blockchain projects, uses a dual token structure that enables users to breed Axies or the more commonly known AXS – required for governance – and earn a share of the platform fees.
In Axie Infinity, players use action cards to direct their Axies’ actions for the current turn. It is extremely similar to the Pokemon game.
The metaverse game is exploding in popularity and provides a lifeline for many people in developing countries. It is likely to maintain the top spot in the top five Metaverse tokens for an extended period of time.
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