Top 5 Metaverse Coins
Meta Title: Top 5 Metaverse Coins in the market
Meta description: Metaverse is the latest buzzword in the crypto world. Though the technology is still rare, it is quickly garnering the attention of tech and crypto investors
Alt Text: Top 5 Metaverse Coins
Metaverse is a virtual world where users can interact with each other seamlessly. To an extent, most of us already have a virtual life powered by the internet and social media platforms. The metaverse has enhanced the same concept using virtual reality and augmented reality.
So, the next question is, how do coins fit for use in this metaverse?
To be successful and sustainable, the metaverse needs an economic system. This will enable users to retain the value of virtual items in the real world. Blockchain comes in handy in this case, as it offers a peer-to-peer transaction system where digital ownership can be exchanged without the involvement of an intermediary.
In essence, metaverse coins allow users to buy or sell virtual items and monetize them on various NFT marketplaces. Let’s look at the top 5 metaverse coins for the coming year.
- Sandbox9 (SAND)
Sandbox is a blockchain-based metaverse that provides an immersive gaming experience to its users. The game offers a simulated real-world real estate experience where users can trade virtual pieces of land, the price of which depends on several factors.
The native token used for transactions within the network is SAND. It is an ERC-20 utility token based on Ethereum. The SAND coin has a limited supply of 3 billion. The current SAND price is $4.29(INR 324.06), with a market capitalization of $4.4 billion.
- Decentraland (MANA)
Decentraland is a virtual world where users can create and play games, dress their avatars, and buy and sell items in a virtual marketplace. The project started in 2016 as a 2D world; it has now transformed into a fully functional 3D world with customizable land, NFTs, and other virtual activity.
The game’s main currency is MANA, which is an ERC20 token. It can be used to purchase land, create and buy various NFTs, and participate in the games. Businesses have been buying virtual land in the game and creating replicas of their real offices in the metaverse. The current MANA price is $2.94 (INR 222.38), and the total market capitalization is $4.4 billion
Issued in 2017, Enjin was the first game-centric token. This blockchain runs on Ethereum and enables developers to create NFTs. NFTs represent any type of asset in the game, and developers can mint them using ENJ, the platform’s native token.
As a unique facility, NFTs created with ENJ can be converted back into ENJ tokens; this can be useful if there is a problem with game servers or the game’s popularity wanes. To buy ENJ, you may log in to www.zebpay.com. The current ENJ to INR rate is INR136.9 ($1.81), with a total market capitalization of $1.6 billion.
- Axie Infinity (AXS)
Axie Infinity is a blockchain-based online game that resembles the metaverse in its functionality. The native token of the blockchain is AXS, used for transactions in the game. Even though the game is based on the metaverse, virtual reality is yet to be involved in the game.
Since the game is based on blockchain, the control lies with the public. The main characters of the game are NFTs in the form of Axies. The game also involves the sale and purchase of virtual land, a feature that may be of interest to investors who are not gamers.
To buy AXS, you will have to register with a cryptocurrency exchange. The current price of AXS is $59.9 (INR4531.59).
- Gala Games (Gala)
The next metaverse coin in the list is the Gala token, native to the Gala blockchain. It was founded in 2019 and allows developers to create NFTs and games. Gala tokens are similar to ENJs, the main difference being that Gala Games is also a game developer that facilitates games on their own platform. Players can win rewards in the form of various NFTs or Gala tokens, and the NFTs created in the games can be used in the open market.
The current Gala coin price is $0.293069 (INR 22.15), with a total market capitalization of $2.2 billion. To know how to buy Gala, you should register with a leading cryptocurrency exchange in India.
Thus, if virtual reality excites you, you can utilize your passion for gaming to make money by using any of the top 5 metaverse coins. If there is a gamer inside you, log in to ZebPay and start your investing journey in the metaverse.
Ana has 20 years of experience working with and consulting for small to medium businesses, currently working at blockreach.net. he writes about technology, marketing, and social media for the aspiring entrepreneur.