Augmented Reality Tokens Explained
As non-fungible tokens (NFTs) continue to make waves, the possibilities of the digital and physical world colliding have grown with augmented reality.
Augmented reality tokens have grown in popularity since the metaverse boom. Creators have found a bridge between the immersive technologies of augmented reality and NFTs.
## What is augmented reality?
Commonly called AR, augmented reality is an interactive experience that enhances real-world objects through computer-generated information.
AR helps creators enrich their works by allowing technologically creative ways to exhibit and give context to digital artwork.
What are augmented reality tokens?
NFTs transform AR experiences and make them verifiable assets. These tokens are Proof-of-Ownership tokens attached to digital assets on the blockchain. These tokens are unique and not interchangeable, making the owner the sole possessor of the digital media.
These tokens have different use cases depending on the augmented reality intended by the creator. The most popular use cases are in art, gaming, and e-commerce. In art, NFTs are pivotal to allowing artists to sell digital assets stored on the blockchain. AR allows NFT collectors to experience digital art in creative ways.
In gaming, play-to-earn (P2E) has grown popular in the past few years. Augmented reality tokens allow players to acquire in-game assets and cryptocurrency. Players can experience their in-game assets through AR, making the game more immersive and the narrative more compelling.
Benefits of AR Tokens
Augmented reality tokens add physical elements to digital assets. Users can distinguish themselves in the Metaverse with AR avatars, and creators can engage directly with fans.
They also serve as native tokens on different platforms. The tokens can be used to purchase features, in-game assets, and services.
Passive source of income:
AR tokens allow creators to earn royalties on every transaction. Collectors can also own tokens that can be traded and surge in price.
What are some popular AR Tokens?
If you intend to invest in AR tokens, you need to buy the project's tokens to be able to participate in their ecosystem. Here are some top-performing projects you should consider.
According to CoinGecko, in the last seven days, Mossland has remained the top AR token. Open-source Metaverse platform Mossland is a place where users can buy and sell digital/offline goods, collect points, and play mini-games.
The Mossland Metaverse token is the Moss coin (MOC). This token is used for Mossland's entertainment services that mirror the real world.
2. Somnium Space:
This is an augmented reality world built on the Ethereum blockchain. On Somnium Space, users can buy land, build or import NFTs, explore, and trade.
The native token of the platform is CUBE, an ERC-20 token. CUBE can be used to purchase land and pay for services on the Somnium platform.
3. Over the Reality (OVER):
Built on the Ethereum and Polygon blockchains, OVER is a seamless bond of the physical and digital worlds. The platform allows users to own digital real estate and supports AR capabilities like AI avatars and realistic NFT assets. The OVR token serves as the platform's native token.
While no one can predict the future, it appears augmented reality tokens will be part of what the Metaverse looks like in its final form.
Author: Ibrahim Anifowoshe
Ibrahim is a writer with extensive experience writing about the crypto industry. He has reported widely and written educational content on the space.