The term “Metaverse” is all over the place at the moment; in the news, on social media, and even at the dinner table. The Metaverse, which serves as a link between the real and virtual worlds, is expected to grow rapidly in the coming years.
Here we look at the five Metaverse crypto coins tipped to be big in 2022. Read on!
Decentraland, founded in 2018, had a significant head start in the Metaverse race. It is a leading Metaverse project built on the Ethereum blockchain which provides a virtual gaming experience to users worldwide.
Users can create and customize their characters, interact with other users, and explore the ever-expanding Decentraland universe. It is widely tipped as one of the best web 3.0 crypto coins to invest in this year.
Decentraland is unique as the first decentralized virtual reality system allowing users to communicate and interact with one another while also granting ownership of virtual land in the Decentraland metaverse.
In terms of investment, Decentraland has its cryptocurrency, MANA. Importantly, all transactions within the Decentraland game must be executed in MANA – giving the real token utility. Some of the most profitable transactions involve the purchase of virtual land and real estate, which frequently sell for more than a million dollars.
The Sandbox is a virtual gaming world where users can create and monetize gaming experiences. It is a popular platform, with a hundred sales completed every minute. Within the Metaverse, players can use SAND tokens to buy digital goods and participate in P2E. They also truly own anything they collect in the game.
The Sandbox is where users can create, earn, and trade in-game items. The Ethereum blockchain-based platform includes buying virtual land, buying virtual land, and building real estate, similar to Decentraland. After that, the property can be sold on the open market. The Sandbox, built on Ethereum blockchain, like Decentraland, has its native digital currency – SAND.
Axie Infinity, a metaverse crypto gaming pioneer, is an in-browser game featuring Axies. These Pokemon-like creatures are NFTs that can be purchased, bred, and traded. Non-gamers are drawn to the platform by the game’s virtual real estate. Players can use the AXS currency to make in-game purchases, stake their coins, and participate in community governance.
The Axie Marketplace is one of the industry’s most active. A single transaction in the game costs around $420 on average.
Enjin is the next on our list of Metaverse crypto coins. Enjin, founded in 2017, provides a globalized database that enables users to manage and store digital gaming products safely and securely. Furthermore, the platform streamlines buying and selling NFTs through a user-friendly mobile app that includes QR codes.
There’s much interest in Enjin Coin, especially following rumors of a Samsung partnership that saw ENJ prices skyrocket. Microsoft is also collaborating with Enjin to develop Azure Heroes, a program for acquiring digital collectibles. In addition, Enjin recently announced the creation of the $100 million Efinity Metaverse Fund to support its ecosystem partners.
Gala is a blockchain gaming platform founded on July 21, 2019, by Eric Schiermeyer. It combines Non-Fungible Tokens (NFT) to create a blockchain game ecosystem in which players can trade and own game assets at any time on a global scale. Gala Games’ goal is to take the gaming industry to a whole new level by giving players back control of the game. According to the platform’s website, Gala Games’ goal is to create “blockchain games you’ll want to play.”
GALA’s innovative gaming features are complemented by a strong emphasis on social media and community building. The team is dedicated to providing a fun and supportive environment for gamers to come together and share their passion for gaming. As a result, GALA is poised to become one of the leading platforms in the metaverse space, thanks to its unique gaming and social media features.
Metaverse projects are sprouting almost everywhere, but some have real potential and stand out. The ‘Metaverse’ concept is embedded in blockchain and cryptocurrency, so investment opportunities exist. Furthermore, the buzz surrounding NFT appears to be growing.
Remember, if you choose to invest, don’t put all your money into a single type of Metaverse crypto coin. Instead, diversify and, more importantly, purchase coins that you have researched and believe have potential.
This is a guest article by Brendan Beeken, find the article on Brendan Beeken's website.