As the metaverse becomes more and more popular, crypto investors are constantly looking for 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, that will serve as the basis 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 make use of their own proprietary tokens, which may be traded for real value in cryptocurrencies or even fiat money or utilized for a variety of different reasons. We’ll talk about the best Metaverse cryptos in this article based on our research.
What is the best Metaverse crypto?
We can not categorically point out particular crypto as the best in the metaverse, however, some of the best metaverse cryptos has been curated according to our research.
- The Sandbox
- Axie Infinity
- Star Atlas
- High Street
- Epik Prime
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 the use of middlemen was the original aim of the Ethereum project. Users are able to 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. Thousands of users and thousands of transactions per second can be supported by the network.
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 top of 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 that was introduced in 2018, is a global platform for virtual gaming that is 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 with one another.
Additionally, Decentraland has its very 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 crypto to purchase.
3. The Sandbox (SAND)
One of the best Metaverse crypto to invest in 2022 is the Sandbox. 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.
The Sandbox, which is based on the Ethereum blockchain, enables users to create, acquire, and exchange in-game goods. This offers the possibility to purchase virtual land and construct real properties, much as 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 in order 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 a variety of operating systems, including Windows, Mac, iOS, and Android.
AXS is based on the Ethereum metaverse blockchain, like many other metaverse coins, 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 in order to play.
5. ApeCoin (APE)
The developer of the enormously well-liked Bored Apes Yacht Club non-fungible coins, Yuga Labs, has developed the ERC-20 token known as ApeCoin (APE), which is 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. ApeCoin has a market cap of $1.9 billion, making it the largest metaverse coin despite being a brand-new token that has faced significant difficulties.
APE’s price dropped to $3.49 in June from a high of $26 at the time 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. 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 to be 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 provides it an advantage over Ethereum-based projects in terms of reduced transaction fees. It has an $18.7 million market value, and the price of one coin is $0.008654.
7. Highstreet (HIGH)
A fascinating metaverse project with support for virtual reality, Highstreet has promise, at least in terms of metaverse applications. One is that you can use the virtual currency HIGH to make purchases inside of this virtual world. The network already 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 more than $20.79 million.
8. Metahero (HERO)
A new metaverse initiative called 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.
9. Enjin (ENJ)
The same is true of Enjin. You can “mint” the local token, ENJ, in this video game setting, which is 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.
10. 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 more than 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 in use.
Overall, the cryptocurrency market is through a period of fast growth and upheaval. In order to address these new difficulties, both existing technologies and new ones are being upgraded and refocused.
There are numerous new metaverse initiatives popping up, but some have real promise and stand out from the rest. These are some of the best metaverse cryptos as we’ve already mentioned. The good news is that cryptocurrency has a bright future and is highly promising in a variety of fields.