3 Promising Metaverse Cryptocurrencies to Buy Now and Keep in Your Wallet

Although the technology is far from mainstream, it is quickly gaining the attention of technology and cryptocurrency investors. Therefore, the Metaverse Token represents a missed opportunity for 2022.

The fact that one of the biggest tech companies in the world, Facebook, is betting on the metaverse, despite changing its name to Meta, is also a plus. The company reportedly spent $10 billion on its metaverse project last year, calling it the future of technology. Cryptocurrencies and blockchain will play an important role in this journey.

So, which Metaverse Token should you buy? Here is an overview of everything you need to know about the metaverse and the best tokens to invest in.

1) Axie Infinity (AXS)

Axie Infinity is a metaverse project that approximates the definition of metaverse, but a game. The local currency is the AXS token in this play-to-earn type of metaverse game.

Axie has one of the largest market capitalizations of any metaverse cryptocurrency, at over $4 billion. However, YTD performance is -27.68%. This seemed bad to many investors, but the value of the coin started to rise again. Part of the reason may be the impending launch of theAxie Infinity: Beginningan expected update that adds features and improves game mechanics.

1/ Axie Infinity: Origins is live in Early Access! This is a very early version of the final product and we will be upgrading it quickly in the coming weeks and months. Full article 👇 https://t.co/4eBLGG1fwf https://t.co/APVgzgU3mA

Although based on the idea of ​​the metaverse, the VR (virtual reality) has not been included so far.

The Axie Infinity game has characters, or Axies, and these Axies are non-fungible tokens that players can buy and sell. For example, they can create new Axies by combining two Axies. There is also a virtual land in the metaverse of Axie Infinity, which will attract investors besides players. For example, a piece of land that was recently sold $2.3 million.

How does Axie Infinity work?

Users can collect AXS, the Axie token, by playing their game. This game is hugely successful, and people are said to have quit their jobs to adopt the “game to win” lifestyle. The game allows its tokens to be used in its metaverse. AXS tokens can be converted to ETH and used to buy NFTs Axie Marketplace.

2) Sandbox (SAND)

The Metaverse project The Sandbox showed an impressive performance. The native sign of the platform, sand, has steadily risen throughout 2021 and finally broke through the $1 mark last quarter, continuing its upward trajectory. As of April 12, SAND was trading at $2.79.

With a VR aspect, this project realizes the vision of the metaverse. Sandbox is a game, and it has the support of game brands like Atari. And HSBC recently bought virtual real estate in its metaverse. But it is heavily based on production and sales NFTs. Players can create NFTs using tokens from the SAND metaverse.

Like countless other cryptocurrency projects, this one based on ethereum.

tea @CFDA has entered the #Metaverse – to bridge the gap between fashion and #Web3! ✨ Members receive professional development and educational resources, allowing them to gain insights and develop opportunities within the digital space! https://t.co/MIGAwrIPvU https://t.co/TxbFcb8ufu

Also read Is it too late to invest in Decentraland (MANA), the answer is no, here’s why!

Another promising factor is that it has a limited coin reserve of 3 billion tokens, of which 1.14 billion are used. Its market capitalization stood at $3.27 billion as of April 12.

How does Sandbox work?

Sandbox offers creators true ownership of their creations in the form of non-fungible tokens (NFTs) and reward them for participating in transactions and interactions in the ecosystem, such as transaction fees, staking or buying and selling game items, etc.

Game Maker lets anyone create amazing 3D games for free. No coding is required as users can access visual scripting tools to create visually stunning games in minutes on the Marketplace where users can upload, publish and sell their creations created in VoxEdit.

3) Decentraland (MANA)

In terms of popularity, Decentraland is a cryptocurrency metaverse project that regularly makes the news. This is partly due to the NFT craze, which also led to significant gains for the platform’s native token, MANA.
Many NFT owners have started using the platform to display their NFTs. But NFTs aren’t the only thing on this metaverse platform. The great part about it is that you can too buy virtual landhence its name.

Sotheby’s, the luxury goods and art broker, bought land in Decentraland and used it to build a replica of its offices in London. It shows that even big companies are looking at metaverse projects.

Created in 2017, Decentraland is one of the oldest projects that took time to be recognized. Although MANA’s performance was not very good, its market capitalization reached $4.79 billion at the beginning of 2022, making it largest metaverse token by market capitalization. Like many, if not most, cryptocurrencies, MANA has declined significantly year-to-date, but is up 115% from a year ago.

How does Decentraland work?

MANA, the native token that powers the ecosystem, has a supply of 3.9 billion. Currently, there are 1.8 billion tokens in circulation. Players, creators, and businesses looking to take advantage of the opportunities in the metaverse and enjoy using this platform. With a large target audience comes a high demand for the coin. That’s what makes Decentraland a worthwhile purchase.

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