As the metaverse becomes increasingly popular, crypto investors constantly seek the best investment for their time and money. Most people may ask, what is the best metaverse crypto? This article provides an answer to this question.
The metaverse crypto industry is constantly changing. New blockchain-based technologies are being created for the industry’s future development.
These so-called “metaverse” businesses are change agents with a unique viewpoint on the world thanks to their distinctive business models and the corresponding cryptocurrencies.
Many of the largest metaverse gaming platforms already use their own proprietary tokens, which may be traded for real value in cryptocurrencies or even fiat money or utilized for various reasons. Based on our research, we’ll talk about the best Metaverse cryptos in this article.
What is the best Metaverse crypto?
We can not categorically point out particular crypto as the best in the metaverse. However, our research shows some of the best metaverse cryptos have been curated.
- Ethereum
- Decentraland
- The Sandbox
- Axie Infinity
- ApeCoin
- Internet Computer
- Battle Infinity
- Stacks
- Love Hate Inu
- DeeLance
- Star Atlas
- High Street
- MetaHero
- Enjin
- Epik Prime
1. Ethereum
Ethereum is not just another altcoin to start with. It was developed in 2013 by a team of Swiss developers and is the first decentralized digital currency based on a blockchain.
Developing a platform that would enable peer-to-peer transactions without using middlemen was the Ethereum project’s original aim. Users can conduct quick and safe transactions in this fashion without the aid of a middleman like a bank or exchange.
The Ethereum blockchain is based on the idea of a decentralized network, often known as a distributed, continuously expanding peer-to-peer network. The network can support thousands of users and thousands of transactions per second.
The four top-rated Metaverse projects, namely Decentraland, the Sandbox, Axie Infinity, and Enjin Coin, have one thing in common they are all built on top of the Ethereum blockchain. When Metaverse projects build their ecosystem on the Ethereum blockchain, fees are paid in ETH. As such, Ethereum is one of the best Metaverse coins to invest in today.
2. Decentraland (MANA)
Decentraland (MANA), a top Metaverse project introduced in 2018, is a global platform for virtual gaming built on top of the Ethereum blockchain.
The ever-expanding Decentraland universe may be explored, users can create and modify their characters, and users can chat.
Additionally, Decentraland has its own cryptocurrency coin—MANA—so far as investments are concerned. Importantly, all transactions within the Decentraland game must be carried out in MANA, giving the token actual utility. It has also emerged as one of the best metaverse cryptos to purchase.
3. The Sandbox (SAND)
The Sandbox is one of the best Metaverse crypto investments in 2022. The Sandbox was originally released as a game in 2012, making this project even older than Decentraland. Since then, though, Sandbox has expanded its commercial strategy to concentrate on the Metaverse.
Based on the Ethereum blockchain, the Sandbox enables users to create, acquire, and exchange in-game goods. This allows for purchasing virtual land and constructing real properties, much like Decentraland.
The property can then be sold on the open market after that. The Sandbox features its own native digital money, called SAND, just like Decentraland.
4. Axie Infinity
More than a quarter of a million people play Axie Infinity every day. The AXS tokens that the players own offer them a stake in the ownership and management of the game.
Players can create kingdoms, look for uncommon resources, and go on treasure hunts. Through the blockchain of the metaverse, the most active players receive incentives.
Axies are non-fungible tokens (NFTs) that players compete to obtain to trade and buy outside of the game. Depending on the rarity, axes can cost anywhere from $4 to over $100,000. It is compatible with various operating systems, including Windows, Mac, iOS, and Android.
Like many other metaverse coins, AXS is based on the Ethereum metaverse blockchain. Hence gas fees may be significant. You can, however, have faith in the platform’s security and safety. AXS can be exchanged for fiat money or other cryptocurrencies like Ether.
Players can earn AXS by completing quests and other tasks on the platform, but you can only earn so many AXS in one day. While AXS can be obtained through gameplay, the game is not free. Many players may find the initial expenses daunting because they need to own at least three Axies to play.
5. ApeCoin (APE)
The developer of the enormously well-liked Bored Apes Yacht Club non-fungible coins, Yuga Labs, developed the ERC-20 token, ApeCoin (APE), the native currency for the Otherside metaverse game.
According to Fortune, Yuga Labs recently collected roughly $320 million in a virtual land sale that let APE token holders buy properties in Otherside.
On March 17, Apecoin went live with a maximum quantity of 1 billion coins. At that time, 30% of the total supply was anticipated to be in circulation. Despite being a brand-new token with significant difficulties, ApeCoin has a market cap of $1.9 billion, making it the largest metaverse coin.
APE’s price dropped to $3.49 in June from a high of $26 when the sale was disclosed. However, the 4,300 Otherdeed holders that Yuga Labs invited to their showcase of the Otherside metaverse resulted in a price spike that may mark the coin’s turning point. The price of ApeCoin right now is $6.23.
6. Internet Computer (ICP)
The Swiss nonprofit Dfinity Foundation created the Internet Computer. ICP intends to substitute the familiar centralized internet with a decentralized alternative.
Internet Computer, released in May 2021, aims to alter the status quo by allowing users to transition to an Internet that is more inclusive and open-source.
It aims to execute this vision with smart contracts, offering enhanced speeds with reduced computational costs. ICP accumulated a colossal market capitalization of over $45 billion when the token traded for approximately $700.
7. Battle Infinity (IBAT)
Battle Infinity is building a metaverse world to facilitate immersive fantasy sports games. Users can earn rewards by selecting a team of players from their preferred sport, such as soccer or cricket.
Rewards are based on how the team of selected players performs in real-world matches.
Battle Infinity’s metaverse is branded as the ‘Multiverse’ and will support more than just fantasy sports activities. This consists of a decentralized exchange (DEX), staking tools, and other earn-to-play activities.
Battle Infinity (IBAT) increased its hard quota target to over $5 million; the token is now traded on multiple exchanges and is available for purchase at an attractive price.
8. Stacks (STX)
Stacks is a metaverse crypto launched on the Bitcoin blockchain with a market cap of 858 million.
Stacks is a layer-one blockchain connecting with Bitcoin’s blockchain through STX’s proof-of-transfer (PoX) mechanism. With this technology, Bitcoin miners can pay to mint new STX tokens.
Stacks primarily aims to integrate Web3 decentralized applications (dApps) and smart contracts into the Bitcoin blockchain. In addition, Stacks holders can stack their STX coins to earn BTC rewards.
Several venture capital firms founded it, including Winklevoss Capital, Y Combinator, and Digital Currency Group.
9. Love Hate Inu (LHINU)
Love Hate Inu is a unique crypto platform that enables users to earn rewards by staking tokens and participating in various meme polls. Users must stake the platform’s native cryptocurrency, $LHINU, to engage in the voting process.
Love Hate Inu’s voting process is confidential as the only platform enabling online voting with cryptocurrency tokens.
Love Hate Inu also intends to launch a vote submission portal enabling users to create new polls, making it one of the most useful meme coins. In addition, the platform employs a mechanism to prevent voting manipulation.
Furthermore, Love Hate Inu’s limited token supply of 100 billion contributes to the potential long-term increase in the token’s value. 10% of the total tokens have been reserved for exchange listings and liquidity.
10. DeeLance (DLANCE)
DeeLance is a groundbreaking decentralized platform for freelancers, featuring an integrated metaverse and its native crypto, $DLANCE. The platform is designed to connect freelancers seamlessly with employers looking for their expertise.
DeeLance aspires to build a platform that connects exceptional talent with extraordinary employment opportunities. Its objectives include discovering exceptional freelancers, expanding the talent pool, and encouraging long-term professional growth.
Offering educational resources, engaging with users on social media, and launching ambassador and affiliate programs are all components of the project’s strategy.
$DLANCE tokens can be used to rent workspaces, advertise services, and purchase in the marketplace.
11. Star Atlas (ATLAS)
In the game Star Atlas, which is based on the Metaverse project, players can conquer territory and gather resources in a very futuristic environment in the year 2620.
A metaverse token called ATLAS is used in the game and is acquired through gameplay. Consider it a typical reward-based game where you accumulate coins through gameplay and achievement. However, in this instance, the rewards could lead to gains.
The game’s Solana foundation gives it an advantage over Ethereum-based projects regarding reduced transaction fees. It has an $18.7 million market value, and the price of one coin is $0.008654.
12. Highstreet (HIGH)
A fascinating metaverse project with support for virtual reality, Highstreet has promise, at least in terms of metaverse applications. You can use the virtual currency HIGH to make purchases inside this virtual world. The network includes some Shopify merchants, and HIGH is now accessible on Coinbase.
From the perspective of the real world, or in this case, the meta world, this project has already achieved what the metaverse technology claims to be able to do.
HTC, a tech business, supports the project, which raised $5 million in August 2021. As of July 2022, it has a market value of over $20.79 million.
13. Metahero (HERO)
A new metaverse initiative, Metahero, uses 3D scanning to produce high-definition avatars of actual people and items. To develop products’ digital, 3D forms for the Metahero realm, the business has even set up a scanning lab in Doha.
As of July 2022, the native token of the cryptocurrency, called HERO, had a $46.31 million market cap. Even though it’s smaller than some of the aforementioned on our list, the project is still extremely new.
14. Enjin (ENJ)
The same is true of Enjin. In this video game setting, you can “mint” the local token, ENJ, modeled after the metaverse, and use it to purchase items that will advance your progress.
With ENJ, you may buy everything in the game, from medicine to character feature augmentation. So it resembles a market as well.
The market capitalization of Enjin, which runs on the Ethereum blockchain, is $543.67 million. Recently, Enjin released the first-ever NFT parachain on Polkadot, making more than 100 games and applications accessible.
Enjin has started beta testing its Enjin Wallet 2.0 after hitting 500,000 wallets in May, with each wallet standing in for a user.
15. Epik Prime (EPIK)
The metaverse project Epik Prime has become entirely focused on NFTs. Among other platforms, PancakeSwap, Hotcoin Global, KuCoin, and Huobi Global all support the cryptocurrency EPIK.
According to CoinMarketCap, Epik has over 300 gaming clients and licenses NFT memorabilia and experiences to organizations like Warner Music and Universal.
EPIK has a market cap of $4.3 million and was recently released last year. But use cases from big businesses make it worthwhile to take into account. Over 349 million coins, or 17% of the total 2 billion coin supply, are currently used.
Conclusion
Overall, the cryptocurrency market is through a fast growth and upheaval period. Existing and new technologies are being upgraded and refocused to address these new difficulties.
Numerous new metaverse initiatives are popping up, but some have real promise and stand out. As mentioned, these are some of the best metaverse cryptos. The good news is that cryptocurrency has a bright future and is highly promising in various fields.
