The technology industry has made it clear that the Metaverse is not a fad but the future of human relationships and transactions in various fields. The Metaverse provides a parallel virtual world where we can exist as digital identities. Although the Metaverse is still developing, companies have already begun investing.
Now, the crypto metaverse is the next big thing. These cryptocurrencies have the potential to change the way brands can interact with and engage their audiences. And since Facebook revised its name to Meta, the value of these coins has only increased.
What is Crypto Metaverse?
Simply put, Metaverse tokens are the currency people use in the Metaverse. Token holders can pay for anything within the Metaverse, from real estate to avatar clothing. They can also trade and create products, goods, or services on the platform. While users can only use some tokens within their respective Metaverse, others are available on exchanges like Binance.
However, metaverse tokens are more than just an in-game currency and have value inside and outside the digital universe. For one, the currency can represent unique assets. Using these Metaverse tokens can also grant you access to VIP features and allow you to compete with other players.
The Top Cryptocurrencies Exploding In 2023
There are many metaverse coins, but not all of them are worth your money. In this article, we’ll discuss the best metaverse coins that you should invest in now.
Sandbox is a full-fledged virtual game world where players can earn tokens for performing activities in the world. It is a play-to-earn model. You can earn SAND coins by completing various quests in the Sandbox world. You can then buy land and other virtual objects using these SAND coins.
SAND trades at a rate of about $7. The virtual currency has increased by 87 percent in the last week alone. The current market cap is over $6 billion, according to Coinmarketcap.
Decentraland is a Metaverse that you can visit with your internet browser. Using the native crypto metaverse MANA, you can buy and sell land in this virtual space. Players in the world own and develop land and manage it like real estate, and investors can buy these virtual lands at a certain price.
MANA is currently trading at $4.72 and has gained over 30 percent since last week. It has a market cap of about $9 billion. This platform has also added native support for the Matic network, allowing transactions with a lower fee. Last month, it hosted one of the first multi-day music festivals featuring artists such as Deadmau5 and Paris Hilton.
XANA is a blockchain-put-together metaverse based on respect to a game with noteworthy designs. The game allows players to explore virtual worlds and collect virtual assets in a futuristic environment. The local badge of this universe is XETA.
In XANA, users can create their characters, communicate with other users, buy and sell land, real estate, and game items, or explore the ever-expanding world of this Metaverse. Users can perform transactions using the $XETA token within XANA. The popularity of this token makes it one of the best metaverse cryptocurrencies.
AXS (Axie Infinity)
Axie Infinity is also a game where you can earn money, similar to Pokémon, but in a virtual space. In this game, there are monsters that you can breed, sell, buy, trade, and fight against other monsters to earn the AXS crypto metaverse. The actual beasts are NFTs that are extraordinary.
Axie infinity’s popularity has skyrocketed in the last six months with a nearly 5,000 percent increase in daily users. According to Coinmarketcap, AXS is priced at around $132 with a global market cap of over $8 billion.
ENJ (Enjin Coin)
Enjin is an online platform where people can manage and create their NFTs. It is integrated with many of the Metaverse projects mentioned above. It allows players in Metaverse games to use their items in multiple games. When an NFT is minted on the Enjin network, a certain number of ENJ tokens are created that assign a value to the newly created NFT. ENJ is trading at $3.5 and has risen 15 percent in the last week. Its market capitalization is about $3 billion.
GALA Coin (Gala Games)
It is a blockchain-based NFT gaming space powered by the Ethereum token GALA. Unlike the previous entries in this list, users can use the GALA crypto metaverse between multiple GALA game participants, which means you can use the token in multiple games powered by the Gala blockchain. GALA’s price is currently $0.635, but it has increased by almost 90 percent in the last week. Its market capitalization is around $5 billion. The company plans to develop more games that use the token, likely increasing the price.