When Facebook changed its name to Meta, the idea of a Metaverse simultaneously began to sweep the globe and make headlines everywhere. A virtual environment known as the Metaverse is the result of the combination of a wide range of technologies, including virtual reality, augmented reality, blockchain, artificial intelligence, and many more.
At the moment, people are only able to access the internet through devices such as laptops, smartphones, etc. However, once the Metaverse is fully implemented, users will be able to interact with one another, meet new people, play games, and participate in social activities within three-dimensional environments.
The next big thing in this arena is going to be crypto ventures related to Metaverse, which has already garnered the interest of major internet companies and luxury brands. The Metaverse will unquestionably decide the course of the future, and the role that Metaverse cryptocurrencies play in determining this is certain to be very important.
Particularly after learning that a large number of cryptocurrency investors are already interested in this market. Since you are aware that Metaverse initiatives are still in their infancy, it follows that investing in Metaverse cryptocurrencies is now a fantastic idea. In addition, the costs are not prohibitively expensive.
The values of a number of the native tokens that are used in the Metaverse have also skyrocketed in recent years which have piqued the curiosity of investors. Some of the most successful cryptocurrencies in the Metaverse right now are Decentraland, The Sandbox, Axie Infinity, Crypto Baristas, and others.
Early investors in all of these cryptocurrencies have done rather well for themselves so far. But now, slowly but surely, these cryptocurrencies based on the Metaverse are gaining ground on a number of altcoins.
Here are the 11 cryptocurrencies associated with the Metaverse that are grabbing the attention of many crypto investors and are giving Altcoins a run for their money.
SushiSwap (SUSHI)
Users are able to purchase and sell digital currencies on the popular decentralized exchange that is hosted on SushiSwap. This exchange does not require the use of a centralized third party to complete transactions. As a consequence of its popularity, as of the beginning of the year 2022, SushiSwap had a market value that was greater than $500 million US.
In light of the aforementioned, SushiSwap has recently expanded its business strategy by developing an NFT marketplace in collaboration with the Metaverse.
Your capital is at risk
Enjin Coin (ENJ)
Enjin Coin, abbreviated as ENJ, is an ERC-20 token that was developed on the Ethereum network. It is intended to function as a form of in-game cash that can be used to acquire further game content. Additionally, it increases the value of in-game objects. It is also possible to utilize it as a medium currency, allowing you to purchase and sell any item in the game.
Additionally, the Enjin platform has a feature known as the Marketplace. Due to this capability, both game players and game producers are able to sell the products they have developed on a market without having to pay any fees to an intermediary.
Your capital is at risk
RedFox (RFOX)
The RFOX VALT is an immersive experience that this Metaverse Corporation has constructed. Its primary focuses are on retail, media, gaming, and incentives. RFOX has developed an ecosystem of solutions for e-games, DeFi, NFTs, digital, and other areas, and has used RFOX VALT as the central point of this ecosystem. These solutions are all connected into the Metaverse.
The RFOX token issued by the project acts as the primary means of exchange inside this ecosystem, whilst the VFOX token issues incentives to its holders in the form of a portion of the profits generated by the RFOX VALT Metaverse. It is one of the Metaverse cryptocurrencies that is in great demand in the year 2022.
Your capital is at risk
Axie Infinity (AXS)
Axie Infinity, a Metaverse crypto currency that was introduced as recently as 2020, is considered to be one of the greatest options for play-to-earn gaming. Axie Infinity is constructed on top of the blockchain that Ethereum uses. For those who aren’t familiar with the term, “play-to-earn games” are video games that provide players the opportunity to earn prizes or other benefits for achieving certain goals, such as progressing through many levels.
In addition, this provides users with an incentive to participate in the Axie Infinity ecosystem as a whole. After it has been minted, this may be represented in the form of a one-of-a-kind NFT, which then has the potential to be traded on the open market.
Your capital is at risk
ApeCoin (APE)
ApeCoin (APE) is a type of coin that is classified as an ERC-20, which indicates that it is built on top of the Ethereum network. APE is both a utility based token as well as a governance token which grants holders the ability to take part in the governance of the Ape ecosystem.
Additionally, it grants them access to games and other products and services that are exclusively available to ApeCoin holders.
Your capital is at risk
The Sandbox (SAND)
The Sandbox is an excellent investment opportunity in March 2022 due to the fact that it has successfully used blockchain technology inside a major worldwide sector, such as the gaming industry, and is wholly focused on decentralization. This project involves bringing the concept of the Metaverse to life by using virtual reality.
The Sandbox may basically be considered a game, and it has received support from well-known gaming companies like Atari. In addition, HSBC just lately made a purchase of some virtual property in its Metaverse. However, a significant part of it revolves around the production and trading of NFTs. Using the SAND Metaverse tokens, players are able to design their own NFTs.
Your capital is at risk
Metahero (HERO)
The creation of high-definition (HD) avatars based on actual people, places, and things from the real world is at the heart of a new Metaverse initiative called Metahero. The business has even set up a scanning chamber in Doha, which is capable of scanning physical things and producing digital, 3D representations of them for use in the Metahero realm.
Decentraland (MANA)
Users are able to develop, enjoy, and monetize content and apps on the Decentraland virtual reality platform, which is powered by the Ethereum blockchain. Decentraland promotes itself as a virtual reality platform.
In this online environment, individuals may buy parcels of land on which they can subsequently travel, construct, and sell their creations for a profit. In 2022, it will be one of the Metaverse cryptocurrencies that triumph over altcoins.
Your capital is at risk
Gala Games (GALA)
Reports indicate that Gala Games intends to invest US$2 billion into gaming, US$1 billion into movies, US$1 billion into music, and the remaining US$1 billion towards a theme park dedicated just to NFT.
Due to the fact that Gala Games (GALA) has only ever published a single game on its platform, the potential profits that may be made from this undertaking are enormous. If they are successful in implementing the approach that they have outlined, then the network has the potential to become one of the household brands in the future of the Metaverse, as it should.
Your capital is at risk
Sensorium Galaxy
The Sensorium Galaxy is a digital Metaverse that has been created through a collaborative effort, including some of the most talented artists, producers, and media firms in the world. This Metaverse is currently in its beta stage and is comprised of several worlds, each of which serves as a central location for a distinct collection of experiences.
One of the most important aspects of Sensorium Galaxy is its in-platform money, which is called SENSO. SENSO is powered by blockchain technology, which allows for a decentralized economy that is just, transparent, and user-owned.
Your capital is at risk
Wax (WAXP)
Wax (WAXP) was introduced in 2017 with the intention of facilitating the development of e-commerce transactions by making them more user-friendly, safer, and quicker. WAX is a decentralized application that features markets and NFTs.
These features are made possible by the blockchain-based tools provided by the platform. It is one of the Metaverse cryptocurrencies that is in great demand in the year 2022.
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