Using these cryptocurrencies, Metaverse users can buy and sell products, as well as create new ones.
This new way of interacting with technology termed the “metaverse,” has emerged as a result of the rapid advancements being made in 3D virtual environments. Metaverse Token is the currency used by the Metaverse’s populace.
While it was recently one of the most successful cryptocurrencies, the vast majority of people have been unable to use Metaverse and its currency (the Metaverse token) to participate in various virtual activities.
This article aims to bring to your understanding notable Metaverse cryptocurrencies to trade in.
How To Buy Metaverse Cryptocurrency
- Create a crypto wallet: set up a crypto wallet to store your digital currency before creating a Metaverse account on platforms like Decentraland and Sandbox. MetaMask is a widely used wallet that can be downloaded.
- Convert your dollars to crypto: if you’re interested in purchasing Metaverse, you can do so on several different exchanges, including Coinbase and Binance. Fiat currencies can be converted into Metaverse tokens at these exchanges.
Meanwhile, Metaverse tokens can be exchanged for Bitcoin or Ethereum. For those who have never heard of Metaverse before, this article will serve as an introduction.
Top 10 Metaverse Cryptocurrencies
Sandbox (SAND)
SAND tokens can be used to create, own, and monetize games in the Sandbox virtual world on the Ethereum Blockchain. Players can easily convert their digital assets to non-fungible tokens (NFTs) and then upload them to the marketplace.
Transactions like staking or purchasing in-game items, as well as transaction fees, are available to creators using the Sandbox platform. With the help of visual scripting tools, Sandbox users can create interesting games in a short period and put them on the market.
Decentraland (MANA)
To buy land on Decentraland, you need to have a virtual-reality account. You can monetize your creativity with Decentraland by developing the plot of land according to your preferences. Decentraland was founded in 2017 and is one of the first Ethereum-based decentralized virtual reality companies to participate. Each of the 90601 available plots measures 16 square meters.
MANA, the native token with 2.2 billion stashes, powers the Decentraland crypto ecosystem. This is the best platform for companies, developers, and gamers who want to take advantage of Metaverse’s entertainment. This is because the demand for coins is so high that it covers a wide range of demographics.
Meta Hero (HERO)
Through an established partnership, Meta Hero brought 3D scanning and modeling innovations into Metaverse cryptocurrency. As the fourth-largest accounting firm in the 3D scanning industry, Wolf Studio’s partnership with CyberPunk 2077 allows for extensive testing of the popular game.
Meta Hero uses cutting-edge technology that enables users to convert real assets into tokens that cannot be redeemed for cash or traded. Even a 16k Ultra HD scanner can be added to Meta Hero, which has an unlimited upgrade path. In-game characters can be created, scanned, or printed using the Metaverse scanner and the HERO utility token.
Gala (GALA)
Gala is a blockchain-based gaming platform that was launched in 2019. Integrating non-fungible tokens into the blockchain gaming system enables players around the world to own or exchange game assets at will.
Gala Games’ mission is to raise the bar on the global gaming experience. GALA, the platform’s native token, can be used to reward node operators and govern the network.
GALA can also be used to purchase NFTs and digital assets from the glass tower’s virtual currency exchange. During the game, Gala players can own NFT characters.
Axie Infinity (AXS)
Axie Infinity is one of the most popular and best-selling games on the blockchain network. Many people who were about to abandon cryptocurrency use have had their wallets boosted thanks to the platform’s NFT pet game, which is akin to Pokemon.
When a game is played, the player receives an axis token, abbreviated as AXS. As a result of its sudden rise to prominence, many people now view this type of gaming as a viable means of generating income. AXS tokens can be used to purchase NFTs in the Metaverse and then converted to Ethereum.
Somnium Space
Somnium Space creates a 3D avatar because the 3D experience is important to enjoy. As the NFT marketplace expands, so does the demand for these avatars. Metaverse can be accessed by anyone, anywhere, at any time, using Somnium’s WebXR platform.
Somnium Space’s user-created scenes and avatar features are one of the most intriguing aspects of the game. Somnium relies on polygons because many Metaverse projects are based on the Ethereum blockchain. A token called CUBE is used to facilitate the transfer of digital assets between players on this platform.
Bloktopia (BLOK)
Even though the Bloktopia project is listed on major crypto exchanges like KuCoin, it is still in its infancy in the Metaverse crypto space. As a result, Bloktopia provides a stunning virtual-reality experience thanks to an advanced 3D creation engine.
Top gambling investors have pumped millions of dollars into Bloktopia, and Polygon has lent its support. BLOK is the utility token in use here, and the NFT mechanism is used to purchase its properties. Once you reach level 21, the game becomes much more challenging and exciting.
Enjin Coin (ENJ)
To build online gaming communities, Enjin (ENJ) uses the Ethereum platform. Its goal is to make gaming easier by providing cryptocurrency-backed tools, such as game plugins, SDKs, wallets, virtual item management applications, and a payment gateway platform.
Each time a new NFT is created on the system, a smart contract automatically adds a predetermined number of ENJ to the token, giving the newly created commodities their real-world value.
As a result of the cryptocurrency’s proof-of-work agreement method and decentralized mining, Enjin coins cannot be stacked.
Ether (ETH)
These projects all have one thing in common: they all use Ethereum’s blockchain technology, a software platform that allows the global transfer and receipt of value through Ether without the need for a third party.
This open-source project, like Bitcoin, is not owned or administered by a single person like Ethereum. Unlike Bitcoin, Ethereum can create and implement smart contracts.
The platform’s native cryptocurrency, Ether, can currently be mined by anyone with a powerful graphics card. Several traditional assets, such as the major stock and bond indexes, have underperformed ETH over the long term.
Cardano (ADA)
In terms of market capitalization, Cardano is a valuable cryptocurrency. Next-generation Ethereum, with a blockchain system that is scalable, adaptable, and long-term sustainable.
Its goal is to create a blockchain platform that is as eco-friendly as possible. Bitcoin’s current energy-intensive consensus process is replaced by a novel proof-of-stake process called Ouroboros.
Similar to ETH, the original cryptocurrency of the Ethereum blockchain, ADA is the currency of the Cardano blockchain. The Cardano network can be staked with ADA, and transaction fees can be paid with it. Coinbase, the Coinbase Wallet, and a variety of other cryptocurrency exchanges and wallets allow users to buy ADA.
Conclusion
The cryptocurrency market is undergoing dynamic change, as the Metaverse industry is living proof. It is possible to make a lot of money if you put your money into this industry, which has enormous potential.
