Top 12 metaverse coins to buy in 2022
The advent of metaverse has steered the whole cryptocurrency market trend in 2022 into a new direction. The very fact that Facebook was rebranded as meta says a lot about how much potential Mark Zuckerberg sees in the future of metaverse.
If metaverse is new to you, you might want to check out the article What is the metaverse, and why is it so meta? before digging in.
While Mark Zuckerberg was quick to take action and capitalize on the nascent industry, it isn’t too late for you to do the same. Well, how do you do that? Do you have to make your business all about metaverse as well? You could resort to that no doubt, but what you can also do is invest smartly in metaverse coins. Why wait till someone like Elon Musk comes out of the blue and announces his interest in the metaverse for you to then finally consider investing in it? You would then end up having to pay a premium for what you could have bought at a dirt-cheap price. That would be a bummer, wouldn’t it? To avoid any regrets, we have curated a list of top metaverse coins to buy in no particular order.
1. Axie Infinity
2. The Sandbox
3. Decentraland
4. GALA
5. Enjin
6. High Street
7. Somnium Space
8. meta Hero
9. Red Fox Labs
10. Bloktopia
11. Star Atlas
12. meta City
1. Axie Infinity
Axie Infinity Price Chart
What is Axie Infinity?
Axie Infinity is one of the most popular, and highest revenue-generating games built on a blockchain. Does the game ‘Pokemon Go’ ring a bell? Like Pokemon, Axie Infinity is an adorable NFT pet game that has fattened the wallets of crypto geeks, and laymen, who would have otherwise steered away from the crypto market, alike.
How does Axie Infinity work?
The users can collect AXS, the Axie token, by playing their game. It has been a massive success, and people have allegedly quit jobs in pursuit of the ‘play-to-earn’ lifestyle. It allows its tokens to be used in its metaverse. The AXS token can be converted to ETH and used to buy NFTs.
2. The Sandbox
The Sandbox price chart
What is The Sandbox?
The Sandbox is a virtual world where players can build, own and monetize their gaming experiences in the Ethereum blockchain using SAND token. Players can create digital assets in the form of Non-Fungible Tokens (NFTs), upload them to the marketplace and integrate them into games with Game Maker.
Do you know that The Sandbox’s price had been rising and finally soared up to its new All-TIme-High from July 2021? Check what factors that determine The Sandbox’ price in Why does Sandbox rocket up to new All-Time High?
How does The Sandbox work?
The Sandbox provides creators with true ownership of their creations as non-fungible tokens (NFTs) and rewards them for their participation in the ecosystem’s transactions and interactions such as transaction fees, staking or buying and selling game items, etc.
Game Maker allows anyone to build amazing 3D games for free. No coding is required since users can access visual scripting tools to create visually-stunning games in minutes with the marketplace where users can upload, publish, and sell their creations made with VoxEdit.
3. Decentraland
Decentraland Price Chart
What is Decentraland?
Decentraland is a virtual reality platform where you can buy parcels of LAND. You can develop the plot by building anything you fancy on it and monetizing the same. Decentraland, founded in 2017, is one of the earliest entrants in building an Ethereum based decentralized virtual reality. Each plot of LAND is 16 square feet, and only 90601 parcels are available.
How does Decentraland work?
MANA, the native token that fuels the ecosystem, has a supply of 2.2 billion. Currently, there are 1.8 billion tokens in circulation. Gamers, creators, and businesses looking to capitalize on metaverse opportunities and get entertainment, resort to this platform. Having a large target audience comes with great demand for the coin. This is what makes Decentraland an attractive buy.
4. GALA
Gala Price Chart
What is GALA?
Gala is a blockchain gaming platform founded by Eric Schiermeyer on July 21, 2019. It combines Non-Fungible Tokens (NFT) to create a blockchain game ecosystem in which players can trade and own game assets on a global scale at any time. Gala Games’ purpose is to take the gaming industry on a whole new level by reclaiming control of the game for the players. According to the platform’s website, Gala Games’ objective is to create “blockchain games you’ll actually want to play.”
How does Gala work?
The platform’s native utility token, GALA, is used for network governance, node operator incentives, and in-game awards for players participating in the platform’s games. Moreover, It can also be used as an in-game currency to purchase NFTs and assets in the Gala store. As a blockchain-focused gaming platform, Gala allows users to use their unique NFT characters while playing the game too
5. Enjin
Enjin Price Chart
What is Enjin?
Enjin Coin (ENJ) is an ERC-20 token built on the Ethereum blockchain. It is designed to be an in-game currency purchasing game items. It also adds value to in-game assets.
It can also be used as a medium currency to buy and sell any in-game items. Moreover, Enjin’s platform has another function, Marketplace. This function allows game players and developers to trade the items that they have created on a marketplace without intermediary fees.
How does Enjin work?
Enjin Coin (ENJ) can be used through a process called “ minting “ to create in-game items or assets such as medicine that adds HP points, and weapons. In addition, ENJ can increase the characters’ abilities in the game.
It can also create each character’s name, shape, or appearance, including the number of game items. All these items have an equivalent value to ENJ.
6. High Street (HIGH)
What is ‘High Street Game’ (HIGH)?
Do you have to slog to earn a decent living? Not anymore! High Street lets you play and earn, which is what attracts a lot of gamers to this coin. If you think hybrid working models are cool, then we are sure you will love this coin.
What makes High Street game special?
What sets it apart from other coins is its hybrid model of virtual experience. It is half physical and half virtual, making it exciting, and NFTs play a huge role in this platform. Many top brands can be onboarded so their products can be used as NFTs.
Users are allowed to purchase these and own the physical items. The platform also addresses liquidity issues faced by token holders by adopting a smart bonding curve. The thrill lies in completing quests and earning in-game tokens, making High Street a desirable investment.
7. Somnium Space
What is Somnium Space VR?
Who doesn’t love a 3D experience? Somnium Space provides users just that with its unique 3D avatars. A lot of NFT collections use these Avatars as the NFT industry continues to grow. The cool part is that any nook and corner of the metaverse can be accessed by anyone through Somnium’s WebXR platform.
What makes Somnium space special?
The project is unique in the sense that users can create scenes they desire and establish full-body Avatars on their land parcels. While most metaverse projects are based on the Ethereum chain, Somnium has resorted to Polygon.
CUBE token is what fuels this platform, and players can easily transfer assets. If you are looking to diversify your investment in metaverse coins, this would be a good addition to your portfolio.
8. meta Hero
What is meta Hero?
meta Hero has brought in modeling and 3D scanning to the metaverse by partnering with Wolf Studio. Wolf Studio is the Big Four equivalent in the 3D scanning industry. The partnership would enable extensive testing on a few of the most sought-after games like CyberPunk 2077.
How do meta Hero NFTs work?
Their seamless technology lets the users turn their real-world assets into NFTs. If you thought that 4k HD scanners were the deal, you’d be stupefied to know that there are plans to upgrade to 16k ultra-HD scanners.
The scans and royalty payments can be made with HERO, their utility token. Creation of in-game characters, printing, and scanning can all be done in the metaverse with the one-of-a-kind meta scanners.
9. Red Fox Labs
What is Red Fox Labs?
Having a virtual retail space would disrupt the current retail ecosystem, and Red Fox Labs, a technology company is doing exactly that. Its objective is to be a distinct metaverse platform providing an immersive experience in shopping. It is working on that by having elements of gaming combined in Callinova Auction and RFOX VALT.
How to get Red Fox Labs’ token?
Two tokens are incorporated into the Red Fox Labs ecosystem, both for different operative purposes. While the VFOX is a token created for rewarding, RFOX tokens can be used to buy virtual assets and lands.
The company is working on having its own finance and games platform — RFOX finance and RFOX games respectively — making it a one-stop-shop platform in the metaverse.
10. Bloktopia
What is Bloktopia?
Despite being an infant in the metaverse space, the Bloktopia project has been listed in popular cryptocurrency exchanges like KuCoin and OKEx .
It has gotten funding from top investors in the gaming industry. It provides a mind-blowing visual experience in VR as the games use a state-of-the-art real-time 3D creation engine. It is one of the very few metaverse projects that is backed by the Polygon network.
How to buy Bloktopia tokens?
BLOK real estate can be bought through the NFT mechanism, and it offers a massive annual yield of 60% when its utility token BLOK is staked. The games get exciting as you advance through the 21 levels. Level one, Spawning, and Auditorium are the key checkpoints. This would definitely be an investment worth considering.
11. Star Atlas
What is Star Atlas?
Star Atlas is a blockchain game working on creating the best AAA gameplay. After the launch of its trailer, the game has been very popular among gamers. The frenzy for this Solana-powered metaverse is real.
How to earn Star Atlas tokens?
The game has a dual token model that allows tokens to be staked. Tokens can also be used to acquire rare in-game items by entering battles and forming alliances through the exploration of various worlds. You are in for a cinematic experience in real-time as Unreal Engine 5 is what the game is being built on.
As the game is in its nascent stages, this would be an ideal time to buy and reap the benefits of being an early investor.
12. metaCity
What is metaCity?
metaCity virtual reality is an NFT-based multi-gaming platform on the blockchain. It is the world’s first free-to-earn (F2E) gaming model. Besides, it offers play-to-earn (P2E) as it is linked with Enjin as well.
How does metaCity work?
In metaCity, players will be able to do various activities and earn in-game rewards. It allows players to earn NFT real estate, play cross-game to exchange items. It is basically known as a metaverse-based version of Minecraft.
Conclusion
There is never a dull day in the crypto market, and who doesn’t love waking up to novelty every day? If the buzz around the metaverse hasn’t kept you on your toes yet, rest assured, it will keep you dancing once you invest in the booming industry. It has kept us dancing while curating this list for you!
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