Metaverses are interconnected digital worlds that use blockchain technology to provide a new way to interact with people and content. This article talks about the top 10 metaverse coins to buy in 2022
Although there are currently a large number of metaverse coins in circulation in the year 2022, interest in the Metaverse – which connects the physical and digital spheres – is predicted to increase at a rapid rate in the years to come.
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As more evidence, the world’s largest social media platform, Facebook, changed its name to Meta Platforms.
For the uninitiated, a Metaverse is a network of interconnected digital worlds that use cutting-edge blockchain technology to provide a novel interface for interacting with other users and with the material they create.
Despite their wide-ranging differences in purpose and design, the majority of these projects rely on a digital coin to fuel their economies and features. The best crypto coins in the metaverse have a history of providing investors with high returns, and the metaverses of the future are presently under construction.
Currently, there are about twenty metaverses in various stages of development, with at least a dozen of them live and active. Even while some are largely unheard of and others have already won global praise, the vast majority of them can be placed somewhere in between.
Not all metaverses or metaverse initiatives will deliver on their promises, but some will go above and above and provide a game-changing innovation that will change the course of human history.
For this reason, in this article, we will examine some of the most sought-after 2022 metaverse coin releases in further detail. Each one was selected because of its disruptive powers and long-term potential, giving it a fighting chance at delivering a spectacular performance in the next months and years.
Top 10 Metaverse coins to buy in 2022
- Axie Infinity
- Battle Infinity
- Decentraland
- The Sandbox
- SushiSwap
- Ethereum
- Cosmos
- Polygon
- ApeCoin
- Chainlink
Axie Infinity
Axie Infinity, a Metaverse crypto coin that was introduced as recently as 2020, is considered to be one of the greatest options for play-to-earn gaming. Play-to-earn games, for those who are unfamiliar with the term, provide users with the option to create prizes when certain activities are done, such as achieving a specified level in the game. In addition, this provides users with an incentive to participate in the Axie Infinity ecosystem as a whole.
The gathering, caretaking, and procreation of virtual creatures are fundamental components of the overall goal for players. After it has been minted, this can be represented in the form of a one-of-a-kind NFT, which then has the potential to be traded on the open market. Axie Infinity is built on top of the Ethereum blockchain, the same technology that underpins Decentraland and the Sandbox.
Axie Infinity also has its very own native token, which is denoted by the symbol AXS. At the time of the initial launch of AXS at the beginning of 2020, the price per token was only $0.15. And by November 2021, the value of the identical token had risen to over $165. This equates to a growth rate of close to 110000 percent. As a consequence of this, Axie Infinity is now one of the finest Metaverse currencies to invest in regarding its success on the market.
Battle Infinity
Play-to-earn (P2E) gaming and “the metaverse” were two of the most intriguing inventions to hit the cryptocurrency market in 2017, as many investors in cryptocurrencies are likely aware.
Battle Infinity plans to include both of them in a single dynamic ecosystem that will provide users with a variety of opportunities to establish recurring revenue streams. Battle Infinity has generated a lot of excitement among potential investors who are interested in gaining knowledge about how to make money in the metaverse.
Battle Infinity plans to capitalize on the popularity of the most successful play-to-earn games by offering players the opportunity to win the platform’s native token, $IBAT, for engaging in skillful gameplay. These games are a part of a larger, more immersive virtual world referred to as the “Battle Arena,” which users can navigate and engage in social activities within. Players also have the option to acquire parcels of virtual land, which function similarly to NFTs in that they can be monetized through the sale of advertising space.
Battle Infinity, much like other metaverse initiatives, provides its players with several different opportunities to earn rewards. These opportunities include an integrated fantasy sports league as well as an innovative staking mechanism that supports both solo and duo wagering. There are even things called “crates” that users may buy and unlock using special keys; many of these crates include one-of-a-kind presents, vouchers, and prizes. Users can buy and open these crates.
In contrast to a great number of other ideas, Battle Infinity already possesses some credibility.
Decentraland
In February 2020, Decentraland made a splash when it became one of the first blockchain-based metaverses available to the public.
Since then, it has expanded to become a phenomenon in its own right, becoming one of the most popular metaverses and serving as the host to some of the most important events centered on metaverses, such as the extremely well-attended Metaverse Fashion Week and the Metaverse Music Festival.
Users can create and personalize their characters, engage in conversation with other users, and travel throughout the ever-expanding Decentraland universe. Additionally, it has developed into one of the top web 3.0 crypto coins that you may purchase this year.
In addition, from an economic point of view, Decentraland is equipped with its very own cryptocurrency known as MANA. Importantly, all of the transactions that take place within the Decentraland game must be carried out in MANA, which provides the token with a genuine purpose and value. The acquisition of virtual land and real estate, which can typically fetch prices of more than one million dollars, is one of the most lucrative types of transactions that may be carried out.
The Decentraland experience can also be enhanced by the fact that users can buy and sell in-game things. in terms of the performance of the market.
The Sandbox
Sandbox, which is also one of the greatest Metaverse crypto coins to invest in for the year 2022, is currently available for purchase. This project was established even earlier than Decentraland, with the Sandbox publishing its first game back in 2012. Having said that, Sandbox has modified its business strategy ever since then to place a greater emphasis on the Metaverse.
The Sandbox was developed on top of the Ethereum blockchain and provides players with the ability to create, earn, and trade in-game objects. This feature, which is quite similar to Decentraland’s, allows users to acquire virtual land and construct virtual buildings. After then, the piece of property in question may be offered up for sale on the general market. The Sandbox, much like Decentraland, has its indigenous kind of digital currency called SAND.
SushiSwap
Users can purchase and sell digital currencies on the popular decentralized exchange that is hosted on SushiSwap. This exchange does not require the use of a centralized third party to complete transactions. As a consequence of its popularity, SushiSwap has achieved a market value that is greater than $500 million as of the beginning of 2022.
In light of the aforementioned, SushiSwap has recently expanded its business strategy by developing an NFT marketplace in collaboration with the Metaverse. Not only will this make the experience of trading NFTs more immersive, but it will also make it possible for buyers and sellers to conduct business in a decentralized manner by offering its marketplace over the SushiSwap network.
Ethereum
Ethereum has established itself as the preeminent platform for smart contracts ever since it was first released in 2015.
Ethereum is well-known for being a pioneer in the field of blockchain technology because it currently hosts more than 3,000 decentralized apps (dApps) and more than $35 billion has been protected in decentralized finance (DeFi) solutions that are based on Ethereum.
Cosmos
The Cosmos ecosystem has undergone a remarkable expansion, and it is now widely anticipated that it will serve as the host for the next generation of ground-breaking blockchain apps. These applications may include metaverse and DeFi platforms.
In its capacity as an interoperability network, Cosmos is intended to make it possible for apps running on separate blockchains to connect. In this way, it will function as a kind of information superhighway for the landscape of blockchain technology.
Because of this functionality, Cosmos will likely help to power at least some next-generation interoperable metaverses, which will make it one of the most important cryptocurrencies in the future. Additionally, existing metaverses may leverage their technology to broaden their scope.
Polygon
Accessibility is a crucial factor in determining whether or not a metaverse will become widely used. The costs associated with transactions are now one of the most significant obstacles to the entrance because many blockchains are just unaffordable to use.
Polygon intends to change this by delivering a layer-2 blockchain that is both high-speed and low-cost, and which is capable of supporting Ethereum dApps and coins. Since the platform is capable of running DeFi apps as well as NFTs and interoperability protocols, it is an excellent choice for metaverse application use.
ApeCoin
The Bored Ape Yacht Club (BAYC), which began operations in April 2021, is home to 10,000 distinct apes that are stored on the Ethereum blockchain. These one-of-a-kind digital collectibles each have their distinctive appearance, aesthetic, and level of scarcity. The collection is comprised of profile images that were generated by an algorithm for various cartoon apes.
ApeCoin fulfills a variety of functions within the ecosystem due to its dual nature as a governance and utility token. ApeCoin holders will be able to access unique aspects of the ecosystem, such as games, events, products, and services if these use cases are implemented. ApeCoin holders will also be able to participate in the governance of the DAO if these use cases are implemented.
Chainlink
Chainlink is a robust and decentralized oracle network that makes it possible for blockchain-based apps to obtain unchangeable data from other sources.
The information that is provided by Chainlink’s oracles enables blockchain dApps to utilize information from the real world, such as from the Internet of Things devices, stock exchanges, and a large variety of APIs, which helps to fuel a large number of different use cases.
Chainlink is widely considered a cornerstone in the interoperability and connectivity of blockchains with technologies that do not use distributed ledgers.
Conclusion
If you’re an upcoming crypto trader or enthusiast, then you shouldn’t miss out on any of these metaverse coins. They’re an awesome opportunity to diversify your portfolio and increase your profit.