Summary: If you’re planning on performing any sort of transactions within the Metaverse, you’re going to need Metaverse Crypto. Each Metaverse has its form of cryptocurrency, which can be bought from Crypto Exchanges such as Binance, Coinbase, and more. Metaverse Crypto can be utilized to purchase digital assets such as ‘virtual land’ and avatar accessories within the Metaverse. This article walks you through how to buy Metaverse Crypto.

With all the hype around the Metaverse and their virtual economies, many investors wonder how to buy Metaverse crypto. Metaverse crypto allows users to make purchases within the virtual realm. Each Metaverse platform has cryptocurrency; e.g., the Otherside uses $APE, Sandbox uses $SAND, etc.

The Metaverse allows users to explore a vast ‘virtual’ world using avatars. Modern technologies such as Virtual Reality and 3D Creation Tools have enabled Metaverse developers to make virtual experiences more immersive.

Imagine stepping into a virtual world with a 360-degree field of view and being able to interact with other avatars and walk around to explore these incredible virtual spaces. Different companies are working on building the Metaverse, and there are a few projects, such as Decentraland, Sandbox, and Otherside, that have already gained immense traction.

The Sandbox has amassed over 2 million users, with the ‘land’ in the Metaverse selling for as much as $4.3 million. This is a strong indicator of the rising interest in investments within the virtual space.  

This article aims to provide guidelines on investing and how to buy Metaverse crypto to help investors take advantage of this lucrative market.

What Is Metaverse Crypto?

Before you learn how to purchase Metaverse Crypto, you must understand digital currencies. They are also commonly referred to as ‘tokens’ that users can utilize to make all sorts of transactions within a Metaverse.

Each Metaverse has its currency, which can be bought or exchanged at crypto exchanges such as Coinbase or Binance. Many well-known Metaverse Cryptos such as MANA, LUNA, AXS, SAND, and more exist.

While learning how to invest in Metaverse crypto, users should also be cautious about investing in top-performing cryptocurrencies to reduce risk. It is recommended to conduct your research before making any investment. 

The Sandbox (SAND) and Decentraland (MANA) were the best-performing Metaverse platforms in 2021. Thus their crypto has also increased tremendously in value. Facebook’s announcement in Oct 2021 has led to massive global crypto adoption. 

Many large brands have also decided to join the Metaverse. For example, Gucci has created “Gucci Garden” on Roblox. Metaverse users can enter the garden and immerse themselves into the engaging storyline. Users enter as ‘neutral’ avatars, and as they progress through the story, their avatars gain certain accessories. At the end of the journey, the users emerge with new ‘unique’ avatars with digital Gucci accessories. 

Celebrities such as Snoop Dogg have also created their Metaverses. Snoopverse is located in the Sandbox and is extremely popular amongst Snoop Dogg’s fans. The Metaverse consists of different ‘snoop’ themed avatars and much more. Snoop Dogg also released a music video from within his Metaverse, bragging about how his SAND investment has paid off.

Events like these have been creating massive hype for Metaverse crypto, thus driving crypto prices higher.

How To Earn Crypto in The Metaverse?

There are several ways individuals can begin earning Metaverse Crypto. Each Metaverse offers various earning opportunities, such as making through land sales, digital asset creation, selling accessories in marketplaces, providing services, hosting events, and much more.

We shall explain them in detail below:

  • Land Sales: The virtual real estate market is highly lucrative, with land being sold for millions of dollars. Users can purchase land and sell it higher prices to earn crypto in the Metaverse. However, these prices are also subject to market demand, so it is important to remember there is always a risk while investing your money.
  • Digital Asset Creation: Each Metaverse platform provides asset creation tools. Tools such as VoxEdit allow users to create animated 3D digital assets listed for sale within the Metaverse marketplace or secondary marketplaces such as OpenSea.
  • Selling Accessories: Users get access to different unique accessories in some Metaverses. For example, the Otherside Metaverse provides unique artifacts to landholders that 3D tools cannot create. Users can list these artifacts for sale if they’d like to learn how to earn crypto in the Metaverse.
  • Providing Services: You can offer different types of services within the Metaverse. For example, if you’re a 3D developer, you can offer to design 3D environments for other users. 
  • Hosting Events: If you have a space and can host events, this could be one of the easiest ways to generate earnings for those looking to learn how to earn crypto in the Metaverse. You can charge an entry fee and get paid in Metaverse crypto.

How To Purchase Metaverse Crypto

Learning how to buy Metaverse Crypto is straightforward. It requires some basic knowledge about how cryptocurrency exchanges operate. Even if you haven’t used a crypto exchange before, these steps are all you need to do to begin purchasing:

Step 1: Sign up for a crypto exchange (Coinbase, Binance, etc.) 

Step 2: Confirm your payment details

Step 3: Select the token you want to purchase, view the current market price, and press ‘buy.’ 

Crypto exchanges also offer several other options. If you have other currencies within your wallet, you can use your existing crypto and ‘exchange’ it for your desired Metaverse Crypto. There are also many Peer-to-Peer trading options where you can purchase your desired crypto from other users. However, most individuals in P2P deal with significant cryptos such as Bitcoin, Ethereum, etc. It is recommended to explore your options to see where you’re getting a good deal.

There are two types of Crypto exchanges, i.e., Centralized and Decentralized. Decentralized exchanges have recently become very popular as they maintain the anonymity of their users. This is done by breaking all links between the user and the transaction, thus making the transaction completely untraceable.

How To Invest in Metaverse Crypto

Metaverse Crypto has immense potential to generate good returns for investors, but since the space is rapidly evolving, there are many unknowns. Cryptocurrencies can be highly volatile, so it is recommended to conduct thorough research before investing in any crypto.

If you’re wondering how to invest in Metaverse Crypto, follow the steps in the section above. Purchase crypto through crypto exchanges, and you’ll be able to trade it or hold it for higher returns.

Here are a few popular Metaverse Crypto options:

1. SAND (Sandbox)

This Metaverse Crypto is based on the Ethereum Blockchain and has shown immense potential. It rose consistently to up $8.40 in November 2021. This crypto has become increasingly popular due to the rising user base of the Sandbox.

With prominent brands such as Atari backing the project, and celebrities such as Snoop Dogg and Tony Hawk creating their Metaverses within it, the project seems destined for great success. With easy-to-use 3D development tools like VoxEdit, users can easily create unique NFTs and sell them on the Sandbox Marketplace. This plays a massive role in boosting the virtual economy.

2. APE (Otherside)

This Metaverse token is also based on the Ethereum blockchain and allows users access to products and services within the Otherside Metaverse. It is a utility and ‘governance’ token, allowing holders to cast votes within the Otherside ecosystem. It has a market cap of $2.1 billion, making it the largest Metaverse crypto.

Their land sale auction shows the demand for the Otherside Metaverse, where they raised around $320 million. The traffic during the auction was so high that it drove up the Ethereum ‘gas’ fees up to thousands of dollars. 

The project is being developed by Yuga labs, the creators of the famous NFT collection “Bored Apes Yacht Club.” With their prior success with their NFT collection, this Metaverse token offers immense potential in terms of investment.

3. MANA (Decentraland)

With an impressive market cap of $1.3 billion, this Metaverse Crypto is an excellent investment option. The Decentraland platform has been highly successful, with over 300,000 active users at the end of last year.

The project’s virtual real estate market has also gained high returns for investors, with land selling for up to $2.4 million. Large brands such as Samsung, Nike, and Atari have also set up virtual stores within the Metaverse.

Users can easily buy Metaverse Crypto from Coinbase and other crypto exchanges.

4. AXS (Axie Infinity)

The Axie Infinity ecosystem is centered around the “play-to-earn” concept, where users can earn rewards after achieving specific goals. Players’ primary objective is to breed, raise and collect ‘Axies.’ 

These Axis can be minted into unique NFTs and sold on different Marketplaces. The Metaverse Crypto was priced at $0.15 back in early 2020. It peaked with a growth of up to 110,000% up to $165. 

There are over 60,907,500 AXS coins in circulation, with a market cap of $1.1 billion.

5. IBAT (Battle Infinity)

Battle Infinity is another ‘play-to-earn’ based Metaverse where players can generate a reliable income stream based on their performance within the game. This exciting project could be a great place to start for those looking to learn how to invest in the Metaverse.

Players can utilize the IBAT token within the Battle Arena, where players compete against each other. Players can also invest in virtual land and create their own virtual worlds within the space. 

With a maximum supply of 10 Billion, the Metaverse crypto is currently priced at $0.004179, which might be a great time to purchase for the next bull run.

Conclusion 

While Metaverse Crypto may seem like an attractive investment option, it is recommended to do your research before investing. We hope this article has guided you on investing in the Metaverse. We’ve also included several tips on how to earn crypto in the Metaverse.

FAQs

  • How Do You Buy Metaverse Crypto?

Metaverse Crypto can be purchased from cryptocurrency exchanges such as Coinbase, Binance, and more. Remember, each platform has its own form of cryptocurrency; for example, the Sandbox has SAND, Decentraland has MANA, etc.

  • How To Earn Crypto in The Metaverse?

Metaverse Crypto can be earned in various ways, such as land sales, digital asset creation, selling accessories, providing services, hosting events, and more.

  • What Is the Best Metaverse Crypto?

While there are many successful Metaverse cryptos, such as SAND and MANA, APE has shown immense potential. With the largest Metaverse crypto market cap at $2.1 billion, APE could be a good choice for investors.

This post from Metaverse Insider aims to give information and provide access to information to investors to help them make their own decisions and is not meant to be interpreted as investment advice.

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