Metaverse crypto enables users to participate in virtual economies, where users can buy and sell digital assets and services to earn money. This opens up a wide new realm of possibilities for businesses and individuals to harness the numerous benefits of the metaverse.
As prices constantly fluctuate, many users wonder which metaverse crypto to invest in. This article aims to provide an in-depth overview of how metaverse crypto works and which metaverse crypto tokens to keep an eye out for.
- The article aims to elaborate upon metaverse crypto and provides suggestions on which metaverse crypto to invest in.
- Some top metaverse cryptos include MANA, SAND, APE, AXS, and WILD.
- Metaverse crypto enables users to perform transactions on different platforms.
- Users can also trade metaverse crypto for other forms of cryptocurrencies using exchanges.
What is the Metaverse?
The metaverse utilizes virtual reality (VR) to enable users to interact in a virtual space. Each metaverse also has its own crypto token, allowing users to perform transactions within the virtual world. For example, The Sandbox uses SAND, and Decentraland uses MANA.
Many businesses have begun to realize the immense potential of the metaverse, with big brands such as Prada focusing on creating virtual ‘accessories’ to interact with their customers. “Prada Crypted” is a new community that allows metaverse users to immerse themselves within the “Prada” experience fully. Users’ avatars get limited edition time capsule accessories with a unique serial number and custom packaging combined with an exclusive non-fungible token (NFT). Similarly, Gucci has created “Gucci Garden”, which allows users to immerse themselves within a virtual world of Gucci designs, and at the end of the journey, the player’s avatar gets a unique Gucci makeover with different digital accessories.
What are Metaverse Crypto Coins & Why Are They Important?
Metaverse crypto coins — or tokens — are virtual assets used locally within the interactive digital realm. Many metaverse cryptos, such as ethereum (ETH), MANA, ATLAS, and SAND, are currently in circulation.
Metaverses crypto coins are important for Metaverse users for various reasons, which include:
- Decentralization: All or some elements of the metaverse are built on blockchain technology, and no single entity can own the space. The users of these crypto metaverses have the power to make decisions.
- User Control: Some Metaverse platforms put users in control of their game’s results, so they can change and update the games through a voting system. As a result, the metaverse becomes more than just a spot for users to play virtual games. It has evolved into virtual economies, societies, and political leadership opportunities.
- Real-World Value: Metaverse economies are inextricably linked to the larger crypto economy since they employ digital currency. Users of metaverse cryptocurrencies can now exchange these digital assets on NFT marketplaces for real-life money.
- Confirmable Provenance: Since NFTs are minted on the blockchain, their origin and ownership are clearly established because each NFT is unique. Users can also see who owned the NFT before them, as all transactions are recorded.
Factors to Consider When Choosing the Top Metaverse Crypto to Buy
As with any other investment, it is essential to do thorough research before deciding on which metaverse crypto to buy. Since this is a volatile market, selecting the right metaverse coin is important. Here are some things you should be on the lookout for:
- Market Demand: Analyze which metaverses are trending; you can look at statistics such as the number of users a metaverse has to identify the current market demand.
- Analyze Graphs: The graphs may seem confusing to investors new to crypto, but learning to analyze bull and bear trends is essential when it comes to understanding when to invest.
- Study Roadmaps: Each metaverse project has its established roadmap, which outlines areas they’re currently working on alongside future avenues for expansion. It is recommended to only invest in metaverses with clear goals.
- Pick the Right Time: The goal of any investment is to buy low and sell high. Whether you’re looking to trade short-term metaverse crypto or hold on for the long term, the best strategy would be to invest when the price dips.
25 Best Metaverse Cryptos to Buy
Digital assets such as digital art, property, and accessories, can be bought in the metaverse using metaverse crypto coins. So, let’s look at the 25 fo the top metaverse cryptos to invest in in 2023.
1. Alien Worlds Crypto Coin (TLM)
Alien Worlds is a Metaverse coin that allows users to compete to get rare possessions where you can level up by staking Trilium (TLM) and getting voting rights. Players should have a WAX Cloud wallet filled with TLM tokens which can be converted between Binance Smart Chain (BSC), ETH, and WAX.
Players can also mine TLM tokens from different planets within the game, and with its large community, the reward pool increases with the number of individuals staking TLM. This metaverse offers low base costs and an excellent opportunity to earn cryptocurrency by playing games. However, the interface might be too simple for some users.
2. ApeCoin (APE)
This metaverse crypto is the native currency of Bored Ape Yacht Club (BAYC) and Otherside. Otherside is a massively multiplayer online role-playing game (MMORPG) integrated with BAYC and uses ApeCoin to get exclusive games, events, mints, services, and merchandise.
With Yuga Lab’s prior success with BAYC, the coin has gained a lot of momentum, with a 126.8% increase in price on the day of its launch. Even with its recent drop in price, APE still has a lot of potential and could be an excellent choice for investors.
3. Axie Infinity Coin (AXS)
Axie Infinity Shards (AXS) is a Metaverse crypto coin that allows players to own and train monsters within the Axie Infinity game. It is based on the ETH blockchain, and the monsters are NFTs in the game, to compete with each other. These NFTs can also be sold using OpenSea (the world’s largest NFT marketplace) or the in-game marketplace.
Users also can trade AXS for other crypto coins such as fiat or ETH. This can be done using crypto exchanges such as Binance and Coinbase.
4. Battle Infinity Coin (IBAT)
Battle Infinity is a play-to-earn (P2E) and metaverse game that combines blockchain technology with gaming and has one of the best metaverse crypto coins, IBAT. Players are given access to The Battle Arena, where assets are minted as NFTs and offer one of the first fantasy sports leagues in the metaverse. IBAT can be swapped with other metaverse cryptos in Battle Infinity’s decentralized exchange (DEX), allowing users to earn interest on their tokens.
5. Bloktopia Crypto Coin (BLOK)
This decentralized metaverse crypto is built on the Polygon blockchain. It has 21 levels where users can learn the basics of crypto, get to know technical aspects, earn money by building networks, play games, and own digital real estate.
Monetizing through NFTs is allowed, and interaction-based earning, learning, creating, and playing are permitted, making this virtual currency very attractive to investors.
6. Cardano Coin (ADA)
Cardano uses ADA as its native currency, a third-generation crypto coin. It is similar to Bitcoin (BTC) and ETH, offering a platform to deploy and develop decentralized apps, but it blocks the use of Proof of Stake (PoS), which is different from the ETH’s older Proof of Work (PoW) etiquettes. Proof of Stake is much more efficient because Proof of Work requires powerful mining hardware.
Metaverse users can become stake pool operators or let others stake their coins in pools. Users can also utilize ADA to make purchases within the Pavia metaverse, which is built on the Cardano blockchain. The currency can also be traded for other forms of crypto using exchanges.
7. Crypto Baristas Coin (Various)
Crypto Baristas is a project that aims at minimizing the gap between the digital and real-world, allowing users to have physical meetups with other coffee enthusiasts. It also funds an actual coffee shop, “Coffee Bros.” in New York City, that partners with coffee producers around the globe. The owners of the cafe launched the project themselves, which offers a very unique benefit, i.e., the ability to utilize different currencies. The project has also stated to plant 5 trees for every NFT sold, showcasing their commitment towards environmental sustainability. This relatively new project is an excellent choice for investors looking for an attractive long-term investment.
8. Decentraland Metaverse Coin (MANA)
Decentraland is one of the most popular metaverse crypto projects offering NFTs, with opportunities to buy digital real estate, create online games, and more. MANA is the native currency of Decentraland, and since it is based on the ETH blockchain, it offers security. However, it also comes with high gas fees, and rare interactions between players in the vast space leads to an isolated and unmoderated experience.
Players can utilize MANA crypto coin to make purchases within the Decentraland Marketplace to purchase land, digital avatar accessories, and other NFTs.
9. Enjin Metaverse Coin (ENJ)
ENJ is the native cryptocurrency of the Enjin metaverse, used to buy goods that help progress in the game. The game is based on the ETH blockchain, where ENJ is used to purchase character medicine, accessories, perks, clothes, and more. The platform allows users to access over 100 apps and games through the NFT parachain on Polkadot, and each wallet represents an individual user.
10. EPIK Prime Metaverse Coin (EPIK)
EPIK is the native currency for EPIK Prime, a world where you can create NFT collectibles and digital merchandise. The Metaverse platform is currently working with AAA gaming industries (that produce games that come from massive publishers) and renowned entertainment brands.
Platform users can use EPIK to make digital purchases within EPIK Prime. Users can trade purchased digital assets on Rarible, OpenSea and other marketplaces. The platform collaborates with brands and games to produce NFTs for fans across the metaverse, making it a very interesting metaverse crypto with high growth potential. You can communicate with others, innovate, interconnect, share your experiences and more.
11. Ethereum (ETH)
Ethereum is an open-sourced decentralized network that uses smart contracts to encourage Web 3.0 developers. The network promotes decentralized finance (DeFi) protocols, decentralized apps (dApps) and NFTs. It is the second largest crypto token and largest Altcoin, with many benefits, but users must pay high gas fees to mint using this token.
The currency can be used on OpenSea to make digital purchases. This metaverse crypto recently upgraded from PoW to PoS during its “merge.” This has led to Ethereum reducing its energy consumption by 99.95% by merging with the PoS Beacon Chain.
12. Floki Inu Coin (FLOKI)
FLOKI is a crypto memecoin that is used for gaming, NFTs, content, and educational metaverses. It has been featured multiple times in the top ten of LunarCrush’s (a well renowned crypto data analyzer) leaderboards.
It partnered with CryptoCart allowing users to make purchases on over 1,700 stores, including Amazon, Uber, Netflix, and Apple. Floki Inu also partnered with Curate (XCUR), allowing the utilization of FLOKI to pay for purchases in the Curate crypto-powered physical asset market.
13. Flow Blockchain (FLOW)
Flow is a developer-friendly blockchain that offers smart contracts, supports multiple games, apps, and other digital goods, and provides users maximum security, speed, and privacy.
A vast range of tools is available for developers, and it uses PoS and network scaling without sharding (Sharding allows breaking up data into smaller pieces to reduce network latency). Individuals can use FLOW crypto coin (the platform’s currency) to vote on network decisions, pay for transactions on the blockchain, and more. Users can earn the token by becoming a validator. Users also receive FLOW when they make apps using the blockchain.
14. Gala Games Coin (GALA)
Based on the ETH blockchain, this metaverse is a gaming environment providing control in the game to users so they can own NFTs, operate gaming functions, and trade, sell or gift assets to other players. GALA is the native Metaverse coin that offers unlimited control. It allows players to enjoy games without fees, subscriptions, or charges after creating an account, but it has high gas fees when completing transactions or transferring crypto coins.
15. Highstreet Metaverse Crypto Coin (HIGH)
This project offers an easy, secure, and entertaining way to make online purchases. HIGH is the currency utilized in the Highstreet metaverse that utilizes VR and P2E mode. Players can redeem in-game goods in the open market, and users can play online and offline, with cash flowing between the digital and real world.
HIGH is a governance token, allowing players to vote, earn a profit, collect taxes, and purchase products, and it is easily obtainable through crypto exchanges.
16. Illuvium Coin (ILV)
Illuvium is a role-playing game (RPG) with a beautiful and massive landscape for players to explore, complete quests in, and discover Illuvials (creatures within the Illuvium metaverse) that have their own unique traits. Users can utilize the decentralized exchange (IlluvDEX) or other third-party platforms to purchase accessories for Illuvials in the form of NFTs. This metaverse crypto runs on the ETH blockchain and has high gas fees.
17. Metahero Coin (HERO)
This metaverse environment promotes the idea of metascanning, where users can scan and convert real-world objects into virtual avatars to use in the metaverse world. HERO crypto is used to deal within this three-dimensional NFT marketplace, built on BSC.
This enables platform scalability, offers ultra-realistic 3D technology, can be used in every possible field, and offers excellent graphic rendering abilities. It is important to note that HERO is a deflationary token, meaning its supply decreases over time. Users can earn rewards through staking HERO.
18. NetVRk Metaverse Coin (NTVRK)
The metaverse platform NetVRk allows access to property, vehicles, homes, and other products, and users can also purchase advertising space in the metaverse to earn income. The cryptocurrency used in this metaverse is NTVRK. You get a fixed interest payment after purchasing a stake in NetVRk. The platform offers unlimited content, interactions, rewards, and experiences.
However, since it runs on the Ethereum network, costs can be high compared to other metaverse cryptos. It is relatively new, making it a riskier option than others listed in this article.
19. The Render Network Coin (RNDR)
This plaform is a graphics processing unit (GPU) rendering network based on the ETH blockchain, connecting artists and studios with GPU capabilities. RNDR is the default currency for the Render Token platform and uses a PoW mechanism to verify digital art before payment.
This Metaverse token utilizes the security properties of the ETH blockchain. All payments are secured and stored in escrow, and commissions are dispatched securely after verification. RNDR makes transactions within 3D model rendering and streaming very easy.
20. RFOX Metaverse Crypto (RFOX)
RFOX is one of the fastest-growing metaverses where you can create and earn. In RFOX, you can get rewards and enjoy community, retail, and entertainment experiences. The local cryptocurrency on the platform is RFOX.
This Metaverse token facilitates transactions, payment of fees, liquidity pools, and minting NFTs. With a platform that connects services within a central hub, users can connect easily and get generous rewards for participation.
21. Star Atlas Coin (ATLAS)
Star Atlas offers a virtual gaming experience with impressive graphics, featuring the future year 2620, where players collect land and objects from the future. This Metaverse platform partnered with iBUYPOWER, which offers hardware to the project and uses ATLAS crypto tokens gained by playing the game as a reward. It is based on Solana (a decentralized blockchain platform) and has low transaction fees compared to ETH-based metaverses.
It is also important to note that ATLAS is a utility token within this metaverse, whereas POLIS is the governance token that provides voting rights.
22. The Sandbox Metaverse Crypto (SAND)
The Sandbox is one of the best metaverse projects on the market today that utilizes SAND as its crypto token. Players can utilize SAND coin to participate in voting decisions and to buy and sell digital assets using The Sandbox’s in-game marketplace.
Individuals can use SAND tokens to obtain services such as game designing. The metaverse crypto also provides rewards for holders. Users may also have to pay in SAND to access certain areas of the metaverse.
23. Virtua Coin (TVK)
Virtua — formerly Terra Virtua — is a cross-platform NFT environment to connect NFT collectors with NFT creators. Users can access it through mobile, PC, VR, and augmented reality (AR). Kolect (TVK) is the fuel of Virtua , and currently, there is a supply of around 1.2 billion tokens that can be bought through different exchanges. Holders of this metaverse crypto can perform transactions within the virtual space and trade the crypto for other options such as ADA, AXS, ETH, BTC or more.
24. WEMIX Coin (WEMIX)
WEMIX is a blockchain technology that is used for gaming and designing. Users can play games, design or win NFTs, trade WEMIX or NFTs, and more. This platform is one of the newest decentralized markets allowing you to swap game tokens with WEMIX, its default currency. It can also be purchased in exchange for ETH, Bitcoin, and other currencies.
25. Wilder World Coin (WILD)
Wilder World is a 5D metaverse based on the ETH blockchain. It allows users to build and buy multiple in-game customized assets such as condos, lands, and statues showcased as tradeable NFTs.
The Metaverse platform offers numerous benefits to digital designers and utilizes WILD as a native cryptocurrency for transactions. This metaverse crypto also rewards staking, making this an attractive option if you’re looking to hold onto a long-term investment.
Final Thoughts on the Metaverse Crypto
We hope this article has been able to answer all the questions you have regarding metaverse crypto. There are various metaverse crypto tokens present, such as MANA, SAND, ADA, HIGH etc. As discussed, you can select the best one for yourself by conducting thorough research before investing. Click here to learn more about how you can begin buying metaverse crypto.
Which crypto will be used in the metaverse?
Each metaverse has a cryptocurrency that allows its users to perform transactions. Users can exchange different currencies for their desired crypto using exchanges such as Binance and Coinbase.
Which is the best metaverse crypto to invest in?
Some of the top metaverse cryptos include SAND, MANA, and APE. These projects have large user bases, thus signifying their growth potential. This could help investors generate significant returns on their investments.
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.