Metaverse Crypto has brought more projects into the non-fungible token (NFT) space. Although Binance Smart Chain, Solana, and Avalanche have tried breaking into the space, Ethereum remains the biggest NFT blockchain by sales volume.

Metaverse crypto projects in the crypto finance space run into the thousands as of April 2022. Having seen the impact of the non-fungible tokens (NFTs), several developers have turned away from creating decentralised applications or protocols (dApps) and have instead opted for digital collectibles.

This has seen thousands of crypto metaverse projects added to existing ones. Blockchain technologies come with native assets and so do the best metaverse crypto projects.

It is not surprising, then, to find questions like what are the best metaverse crypto coins, what are the best metaverse crypto tokens, and what are the top metaverse crypto coins on Google, DuckDuckGo, Yahoo Search, and Bing daily.

## What are the top metaverse cryptocurrencies? 

Of course, there are thousands of metaverse cryptocurrencies. We have selected Axie Infinity (AXS), The Sandbox (SAND), Decentraland (MANA), ApeCoin (APE), and Enjin Coin (ENJ) as the top five in-demand metaverse cryptocurrencies.

### Axie Infinity (AXS) 

Launched in 2018 by the technology-focused game developer Sky Mavis, Axie Infinity is an ERC20 token. This means that the Axie Infinity ecosystem is housed in the Ethereum blockchain.

Axie Infinity is a massively successful play-to-earn game that allows users to earn rewards for completing specific tasks in-game. A great example of this is completing a level in a video game and earning, let's say, $50 for your effort.

This motivates gamers to engage with the entire Axie Infinity ecosystem and see the amount of money they can earn as rewards within a given period.
What’s more, once some of the in-game purchases are minted, they can be represented as an NFT that is indivisible, indestructible, non-interoperable, and verifiable.

These digital collectibles can be sold on an NFT marketplace such as OpenSea.

This is the primary reason why Axie Infinity has surpassed more than $4 billion in NFT sales volume.
As one of the top metaverse crypto projects, Axie Infinity has one of the most demanded metaverse crypto tokens in the form of AXS.

AXS became a tradable token in November 2020 and saw huge investor interest.
In the crypto boom of November 2021 that saw Bitcoin (BTC) test new milestones, AXS reached an all-time high price of $165.37 on November 6, 2021.

According to the projections of some of the reputable crypto news and forecasting portals, AXS could reach the best possible price of $143.52 by the close of 2022.

### The Sandbox (SAND)

As one of the best metaverse crypto projects out there, The Sandbox introduces blockchain technology to the gaming world.

By innovating a universe where there can be a creation and collection of blockchain-based assets, the Sandbox aims to revolutionise the gaming market.
With the rise in the popularity and demand for non-fungible tokens and increment in development activity on its platform, the Sandbox will continue to see the creation and trading of more NFTs.

The result will be a spike in demand for its novel token, SAND.

SAND is one of the most patronised cryptocurrencies, seeing more than $10 billion in monthly trading volume.
As meta-universe crypto, SAND reached an all-time high price of $8.44 on November 25, 2021, and continues to recover in the second quarter of 2022.

With that said, analysts, experts, and gurus at some of the most reputable crypto forecasting portals believe SAND could reach the maximum price of $8.50 by the end of 2022.

### [Decentraland (MANA)](/coins/mana)

As an ERC 20 token on Ethereum, Decentraland is a virtual reality (VR) platform that allows users to create, experience, and monetise applications and content.

Decentraland grants users the ability to virtually buy, develop, and maintain properties.
The largest virtual land sale, sold for around $913,000 in June 2021, happened on Decentraland.
Heading deep into the metaverse, there is a huge chance that thousands of developers would opt for Decentraland to purchase plots of land, develop those virtual properties, and monetise them.

This is what has contributed to MANA being one of the most in-demand metaverse cryptocurrencies of 2022.
As one of the most patronised virtual land cryptocurrencies, MANA continues to see more than $250 million as daily trading volume.

This confers positive reserve risk on MANA since its price is relatively smaller, but investor confidence in the asset remains high. Therefore, MANA could be considered an attractive investment with lots of hidden potential.

MANA reached an all-time high price of $5.90 on November 25, 2021. Experts think that the native asset of the Decentraland ecosystem could exchange hands at $4.42 by the year's end of 2022.

### ApeCoin (APE) 

Launched on March 17, 2022, APE is the novel token of the ApeCoin ecosystem. APE was inspired by one of the most successful NFT projects called the Bored Ape Yacht Club (BAYC) and its sister project, the Mutant Ape Yacht Club (MAYC) by Yuga Labs.

In the not-too-distant future, APE will be used in several play-to-earn games lined up by the ApeCoin Foundation.

As of April 2022, APE can be used to earn rewards in the metaverse crypto game Benji Bananas.
Aside from being a strong part of the metaverse, APE has also achieved mainstream attention with the support of the coin as a payment method by crypto casino BC.GAME.

What’s more, for the lovers of TIME Magazine, APE can be used by subscribers to pay for the magazine’s digital editions.

After reaching an all-time high price of $39.40 on the day of its launch, APE has been rated highly by several experts as one of the go-to metaverse crypto coins in 2022 and beyond.
Forecasts from leading analysts in the crypto finance space say APE could reach a trading price of $26.82 by the end of 2022.

### [Enjin (ENJ) ](https://enjin.io/enjin-coin)

Founded in 2017 and launched in 2018, Enjin is one of the best metaverse crypto projects housed in the blockchain technology of Ethereum.

Enjin provides an ecosystem of blockchain-based gaming products that are interconnected.
Game developers can tokenise in-game items on Ethereum.
Its novel token, Enjin Coin (ENJ), serves as a utility token that can be used to buy, sell, and trade some of the in-game items at real-world value.

As one of the most demanded metaverse crypto coins, ENJ continues to see at least $88 million as daily volume.

This is why the coin is projected to reach at least $3 before the end of 2022.
Overall, most of the best crypto metaverse projects are housed in the ecosystem of Ethereum.

This means that its native asset, Ether (ETH), is involved in swapping tokens for AXS, ENJ, MANA, and APE.



Metaverse Crypto: What are the best coins?

A [Decentraland](https://decentraland.org/) price prediction for 2025 is a tough ask.

Decentraland is a virtual world metaverse that uses the Ethereum blockchain for users to explore through the online platform. Decentraland users buy and sell digital real estate, explore, interact and play games within this virtual world. 

Decentraland was launched in 2016 by Esteban Ordano and Ariel Meilich alongside Chief Executive Officer James Ashton, raising $25.5M in funding from six well-known participants in the process. Decentraland uses a cryptocurrency known as MANA, which is also its governance token and payment mode.

## Environmentally Friendly NFTs

Adoption of Decentraland by users is predicted to bring companies on the platform, where they can open their stores. Another use of Decentraland is music festivals. Late last year, it is believed that 80 artists were planning to hold a concert through the platform. In January 2022, Decentraland hosted a complete virtual coverage of the Australian Open tennis tournament Decentraland is also looking in the direction of environmentally friendly NFTs.

On January 1, 2021, [Mana](/coins/mana) was valued at around $0.08, and within a year, it was trading at more than $5. Now the token is hovering at just over $3. Mana has gained more than 320% in the last six months. By 2025, the Decentraland price may hit $50 if the market continues to see a good bull run. It could even hit $63.17 if longer-term investors continually hold it.

## Decentraland Prediction 2025

The Decentraland price prediction 2025 will likely be around the $15 margin. This will be more than a 350% increase from the current prices. From a technical point of view, looking at the daily chart, the next significant resistance level sits at $3.5. If it breaks and continues a bullish run, the next major resistance level could be around $5.2-5.3. This would be more than a 60% price increase by the end of the year.

This looks likely based on the historic pattern of prices continually rising and the fact that it seems to be the direction the world is heading in.

However, prices could fall towards $2 and below that, as low as $0.6, based on previous support levels from a technical point of view. This seems unlikely at this point.

## Conclusion

To conclude, Decentraland is gaining attraction from large-scale investors such as Grayscale. The fact that the Metaverse seems to be becoming increasingly popular makes Decentraland one of the best crypto investments. However, like all financial instruments, it’s subject to volatility and fundamental analysis. No one can take a crystal ball and predict exactly where it will be in three years.


Decentraland Price Prediction for 2025 

Where do you find Metaverse coins? In the Metaverse, of course. But what's that?
The Metaverse forms a bridge between the real and virtual worlds and is expected to grow rapidly in the coming years.

Some industry experts expect it to be valued between $800 billion to $1 Trillion within the next couple of years. Here are a few of the most valued ‘metaverse coins’ by market capitalisation.

## AXS

AXS is the first ‘metaverse coin’ discussed. It stands for[ Axie Infinity](https://axieinfinity.com/) Shard. Inspired by Pokemon, it was created for use on Axie Infinity’s platform. It is a game where users breed and train Axies to fight each other. Users can also exchange their islands or any items on the game. 

The game has two modes. They are Adventure Mode, where users fight and complete each level, and Arena Mode, where at least two Axies battle off. The rise in popularity within crypto gaming tokens is partly because many investors are interested in NFT, allowing them to understand this type of crypto better. AXS token holders can also vote, stake, and pay for any products.

## MANA

MANA is used to buy and sell items on the Metaverse platform, [Decentraland](https://decentraland.org/). MANA’s value fluctuates based on the current state of the cryptocurrency market. It becomes more expensive following an important event on Decentraland, such as the purchase of a high-value plot of land - just like a company’s share prices increase after positive news.

## SAND

SAND is the original cryptocurrency of The Sandbox, where users can search for and purchase land and create structures to sell. All items acquired are 100% owned by the player creating further revenue opportunities for gamers. This utility token is also used to play games, purchase equipment, and build/customise avatars. Furthermore, you can also earn tokens when playing. People who have the token can also vote on decisions that may affect the game's future development.

## THETA

[Theta](https://www.thetatoken.org/) is software that seeks to encourage a global network of computers to form through incentives. It is a decentralised video streaming platform. As there are restrictions based on location, some areas can not keep up with increasingly high-quality streams. Theta, a “metaverse coin", changes this perspective by letting a global pool of users relay videos by offering their spare bandwidth and computing resources. The more users join the Theta network, the more bandwidth is available, which improves the streaming quality of the videos on the network.

## APE

[ApeCoin](https://apecoin.com/) DAO allows all APE token holders to be involved in governance decisions, such as how to allocate the Ecosystem Fund, governance rules, selection of projects and partnerships, and so on. After voting on the proposals, the APE Foundation carries out the decisions. Yuga Labs, which created the Bored Ape Yacht Club NFT collections, also use APE as the primary token for all their products and services.

More [Metaverse news](/news/category/metaverse-news).
 



Metaverse Coins: Currency of the Future

The Terra ecosystem has experienced substantial growth in 2021, with December, in particular, being a fruitful month. While the crypto market suffered greatly in December owing to several reasons, the Terra ecosystem and LUNA and UST, in particular, grew from strength to strength.

With over $18 billion in total value locked (TVL), Terra is the second-largest decentralized finance (DeFi) ecosystem behind only Ethereum – this is a testament to the project's core values and applications. It is no wonder that I'm optimistic about Lunaverse, a metaverse built on the Terra blockchain. 

## What is Lunaverse?

Powered by Terra, Cesium and Aerometrex 3D models, Lunaverse is a digital world built on the Terra ecosystem. The Lunaverse economy starts with Lunaverse 1.0, which is based in San Francisco. 

The project is currently heading into the initial DEX offering (IDO) stage. At Lunaverse, you can own, develop, rent and sell buildings as NFTs. Building owners can determine whether they want to generate a solid annual percentage yield (APY) or sell/rent building levels. 

For example, if you own a building with 50 levels, you can receive an APY for the NFT building as a whole or derive an additional 50 NFTs by selling/renting out building-level NFTs. 

Jaw-dropping Aerometrex 3D imagery guarantees a visually appealing experience. NFT buildings will be released in stages and factors like traffic and location will increase the future demand for positioning of key gameplay locations, rewards, virtual business and advertising. 
  
A range of cities are on the cards for Lunaverse and gameplay may include secret scouting missions, special mining activities and travel adventures.

More [Metaverse news](/news/category/metaverse-news).


Lunaverse – Next Great Crypto Metaverse Project?

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 (MANA)](/coins/mana)

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.

## Sandbox (SAND)

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 (AXS)](https://axieinfinity.com/)

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 Coin (ENJ)](/coins/enj)

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 (GALA)](https://app.gala.games/)

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.](https://brendanbeeken.com/metaverse-crypto-coins-2022/)

Guide to the best Metaverse crypto coins

If 2020 was a breakthrough year for decentralised finance (DeFi), 2021 established DeFi as the hottest sphere in the crypto space. Yes, non-fungible tokens [(NFTs)](/news/category/nft-news/) and metaverse & gaming tokens have a charm of their own but DeFi is the only hero of this story. 

To put it into perspective, at the start of last year, DeFi protocols had a total-value locked (TVL) of $18.71 billion – this grew to an astonishing $250 billion by the end of the year and currently stands at $235.81 billion. The essence of technology is evolution and this year, we will see DeFi take the next step in its unprecedented rise.

Instrumental Finance is DeFi’s solution to a cross-layer, cross-chain future.

## The future of DeFi is in the hands of Instrumental Finance

Incubated by Composable Labs, [Instrumental Finance will correct a fundamental flaw](https://www.instrumental.finance/) in the DeFi industry – siloing due to a lack of interoperability between layer 2 ecosystems and the applications that use them. Yield farmers look for the best opportunities to maximize returns on provided liquidity. 

At the moment, a lack of interoperability between layer 2 protocols translates to several inefficiencies, including high costs and complexities. A cross-layer, cross-chain solution could help liquidity providers (LPs) tap into the potential for yield across different layers and chains. 

## How it works

Instrumental Finance provides a chain- and layer-agnostic solution for LPs that are looking to maximize returns on the liquidity they provide on various layer one and layer two protocols. The protocol streamlines the process of liquidity provision and yield generation. All you have to do is deposit funds into the Instrumental Vault.

Your funds will be deposited into the highest yield-generating pool available, irrespective of the layer or protocol it is on. It is as simple as that. If we dive into more detail, the protocol leverages Composable Finance’s cross-layer asset swapping tool, the Mosaic Bridge. 

The Mosaic Bridge integrates several chains and layer two solutions to provide users the flexibility to freely transfer assets and maximize returns on their liquidity. STRM, Instrumental Finance’s native token, powers the platform. 

## Staking

Currently, you can participate in the staking program. If you stake ETH-STRM LP tokens for a locking period of 3 months, you will receive an annual percentage yield (APY) of 217.53%. Over $1.13 million has been locked already – you are definitely not late!

If you partook in the Instrumental Liquidity Rush Program (ended on Dec. 31), you can lock your STRM rewards to receive veSTRM tokens and revenue share.

Instrumental Finance: the next DeFi generation

Since Mark Zuckerberg moved to rebrand Facebook, and everything under his company’s control, into a new entity called “Meta,” much of the mainstream public was introduced to the term _metaverse_. But what is the metaverse?

Quite simply, a metaverse is a _virtual_ world.  It’s an online environment where people adopt the form of avatars to play games, build things, or just socialise.  The important takeaway is there is not _just one_ metaverse like there _is one_ Internet.  Facebook is only one of _many_ companies planning to offer users the ultimate “virtual world” in hopes of enticing them to bring their digital avatars and come live in _their_ world.

While the mainstream public decides whether the metaverse is something they need to take seriously, a large segment of the cryptocurrency investment community already has. 

The real value of blockchain technology is becoming more evident as cryptocurrencies play an increasingly more prominent role in the metaverse, serving as the medium used for the transactions that occur in these virtual worlds.  Metaverses that use cryptocurrencies such as Decentraland and The Sandbox have gone gangbusters lately in terms of popularity.

## Virtual Real Estate

There is even an emerging _virtual_ real estate market, and people are beginning to snatch up virtual plots of digital land in these electronic environments for substantial amounts of money.  One plot of land sold for a jaw-dropping $2.4 million on Decentraland’s platform.  Every kind of social activity from virtual performances to browsing shopping malls will have a presence in the metaverse.  As more and more people begin “living” in these virtual worlds it is anticipated that digital property owners may even begin to work with recognisable brands that want to build up a presence in the metaverse.

While traditionalists and curmudgeons still think investing in the metaverse is janky at best, the health-care industry is already adopting the same technologies, like virtual reality and artificial intelligence, to power their medical devices.  In other words, this technology is proving to be applicable to more than just gaming.

In the last analysis, there are some very influential people who are driving the adoption of the metaverse by suggesting they _truly will_ change the world in much the same way the internet did when it began in 1995.  If they prove to be right, the following three cryptocurrencies stand to gain significantly in the months to come:

### Decentraland (MANA)

[Decentraland](https://decentraland.org/):  MANA, the cryptocurrency of Decentraland’s platform, reached an insane market cap of over $10 billion in November but has cooled a bit in the last few days, along with the rest of the market, settling at a market cap of just over $6 billion.  MANA is considered _the_ digital coin to watch as the metaverse wars heat up.

### Sandbox (SAND)

The Sandbox: In this writer’s opinion, the cryptocurrency SAND is in the strongest position to benefit from mainstream adoption of the metaverse.  It is the cryptocurrency of the “The Sandbox,” a hugely popular platform gaining more users by the day.  Though falling more than 25% in the last seven days, SAND skyrocketed more than 300% in the month of November alone.

### Axie Infinity (AXS)

[Axie Infinity](https://axieinfinity.com/): The blockchain name of the very popular online crypto game that lets users play to collect in-game (AXS) currencies.  The AXS market cap is currently just over $6 billion but reached a high of nearly $10 billion last month.  Pundits suggest that AXS could double in the near term if mainstream adoption of the metaverse continues.

Bitcoin is still the largest cryptocurrency by market value, though its dominance has steadily declined as other cryptocurrencies draw the attention of investment communities.  Bitcoin now accounts for around 40% of total market value, down from 70% in January 2021.

The Popularity of Metaverse Crypto Continues to Grow

What an incredible year for the value of altcoins and lesser known digital assets. It would seem that all that is needed for them to go from complete obscurity to front page news is the connection to the right meme or to benefit from a well-timed tweet from some quirky and eccentric billionaire.

A cryptocurrency called Omicron is currently enjoying such notoriety, if only momentarily.

## Beast Mode

While treading water for much of the past week, the popularity of Omicron went into full ‘beast’ mode once the media announced a coronavirus variant that had been discovered in southern Africa and was given the same name as the coin.

From what we can determine, Omicron was launched on or around November 8th but already it’s identifiable by much of the mainstream public. The coin shot up 10 times in value from last week Friday till Monday as the news of the virus permeated all the major news outlets.

‘Experts’ said the rapid rise in popularity was likely attributable to the fact that both the new coronavirus variant and the coin share the same name. Good guess.

### There are other coins, once relatively obscure, that have quickly risen in popularity as well:

**SAND** – A digital asset that’s being mega-hyped by metaverse enthusiasts. SAND are tokens that can be traded or earned upon completion of certain adventures within the popular virtual gaming world called Sandbox. The digital coins recently traded at around $7 and have enjoyed an eye-popping 80%+ increase in value in the past week alone.

The metaverse, which is a combination of multiple technologies, including virtual reality and augmented reality where users can hypothetically ‘live’ within the technical platform, is gaining attention from some very big, highly recognisable companies that are considered industry leaders. According to a recent statement from one such company, Adidas, they are keenly focused on how the metaverse develops saying that it is ‘…currently one of the most exciting developments in digital, making it an interesting platform for Adidas’.

**MANA** – Another coin that’s riding the Metaverse wave of popularity. The MANA coin is associated with the [_Decentraland_](https://decentraland.org/) Metaverse and rose from $2.81 to $4.67 during the month of November. If metaverse environments pique your curiosity, Decentraland is an interesting story. There were many headlines that mentioned Decentraland last month which has a tendency to happen when a nation like Barbados starts to make remarks that it is taking steps to setup a virtual embassy in Decentraland’s metaverse.

The increase in value of altcoins mentioned above seem to have been initiated by Facebook’s announcement in October that the company would be adopting a new name - Meta, a new mission that hopes to ‘bring the metaverse to life’.

Overall, the cryptocurrency market demonstrated mixed results this week.

As we close out 2021, Bitcoin was projected to reach a year-end value of $100,000, but in terms of reaching that value, the market’s key digital asset would need to stage more than a 75% rally in the next four weeks.

BTC Set to Miss Expectations; Altcoin News

Step aside NFTs, the metaverse and GameFi token craze is real. In what has been a dismal week for major cryptocurrencies like Bitcoin and Cardano, largely due to the signing of the US Infrastructure Bill, the rejection of a US spot Bitcoin ETF, crazy Bitcoin profit bookings, further Chinese crypto sanctions and news of the possibility of crypto being banned in India, many metaverse and gaming tokens have experienced considerable growth.

MANA, SAND and GALA in particular have witnessed substantial growth. Public sentiment is so bullish at the moment that a Decentraland patch of real estate [sold for nearly $2.43 million](https://www.reuters.com/markets/currencies/virtual-real-estate-plot-sells-record-24-million-2021-11-23/) on 23rd November! Following Facebook's rebranding to Meta last month, the world is looking at such projects with keen interest. GALA is a gaming asset worth looking at closely.

## What is GALA and should you buy it?

I am not giving you investment advice but wow, GALA sure is a fascinating investment prospect. In the past year, GALA has surged 200,000+% and reached an all-time high of nearly $0.06 on 25th November. GALA powers the Gala Games ecosystem, an Ethereum-based gaming network.

Gala Games currently offers 2 blockchain-based games and is developing 3 more. The decentralized ecosystem is controlled by its users – all decisions are taken by node holders and players, be it related to the development of a new game or what should be funded by the ecosystem.

Node holders can run nodes (Gala Nodes) via their computer systems and earn rewards such as GALA, limited edition NFTs and much more. You can purchase a Gala Node license for the same. All items that you win in-game are yours and are verifiable assets on the blockchain. GALA represents a long-term investment option, so explore its underlying project at your convenience.



Metaverse tokens and GameFi – a new trend

[Niantic Wayfarer](https://wayfarer.nianticlabs.com/new/), the creators of popular augmented reality game Pokemon Go, is planning to build a metaverse with £300 million funding from cryptocurrency investor, Coatue.

Niantic already has one of the most popular apps on mobile devices, with over 50 million players each month. The developer released an Apple Watch version of the game in its latest update, letting players catch Pokemon with a tap of the wrist.

The developers have promised more updates in the coming months, building on their experience creating Pokemon Go and Ingress - another augmented reality game that asks players to visit real-world locations to unlock special powers within the game.

## Investor Partners With Niantic

Coatue is a well-known crypto and blockchain investor which has previously helped to set up companies such as Fireblocks and MoonPay.

Coatue general partner, Matt Mazzeo told [CoinMarketCap](https://cointelegraph.com/news/valued-at-9b-pokemon-go-creator-to-build-metaverse-with-fresh-funding). “We are excited to partner with Niantic because we see this infrastructure supporting a metaverse for the real world and helping to power the next evolution of the internet."

He added; “Niantic is building a platform for AR based on a 3D map of the world that we believe will play a critical role in the next transition in computing".

Niantic is reportedly hoping to develop a real-world metaverse that will utilise technology to improve humans' experience of the world.

More [Metaverse news](/news/category/metaverse-news)

Niantic Wayfarer to Build Metaverse

M,Cryptocurrency exchange platform [Gemini](https://www.gemini.com/) has raised $400 million in outside funding with the intention of developing increased access to ‘the metaverse’ for its of users.

The announcement highlights Gemini’s continued commitment to providing access to a variety of metaverses directly via its platform. The significant capital outlay has been raised from a variety of sources, including Morgan Creek Digital, Parafi Capital, 10T, Newflow Partners and Marcy Ventures.

Additionally, in a first of its kind, the Commonwealth Bank of Australia has also made a significant investment.

## Who are Gemini?

Gemini was formed in June 2013 by American twins Cameron and Tyler Winklevoss and quickly became the first licensed Ethereum exchange in the USA.

The Winklevoss twins are perhaps best known for bringing a lawsuit against Facebook ‘founder’ Mark Zuckerberg for stealing intellectual property related to the social media concept. The case was settled by Zuckerberg in an out of court settlement for $65 million in 2011.

### Gemini $7.1 Billion Valuation

The $400 million ‘growth equity funding’ investment brings the value of the Gemini group to roughly $7.1 billion and is the first time the platform has sought outside investment.

The Winklevoss twins are set to retain 75% ownership of the company with Morgan Creek Digital partner Sachin Jailty joining the board of directors as part of the $75 million investment from the firm.

## Crypto Market Sentiment

The cryptocurrency market reflected the increased confidence in metaverse development this week with massive price gains for Sandbox, Decentraland and Enjin among others. Indeed, Gemini released details earlier this week of a significant purchase of Sandbox which may have led to the 60% price rally witnessed in the last seven days.

## Decentralisation is a Spectrum

Cameron Winklevoss was keen to emphasise Gemini’s decentralised approach to the metaverse in stark contrast to centralised ownership from firms ‘like Facebook or Fortnite’.

Winklevoss went on to say: ‘There is another path, which is the decentralised metaverse and that is the metaverse where we believe there’s greater choice, independence and opportunity, and there is technology that protects the rights and dignity of the individuals. Decentralisation is a spectrum. We want to continue to move down the spectrum towards empowerment.’ 

  More [Metaverse news](/news/category/metaverse-news).


Gemini Crypto Exchange Looks to Metaverse

Multiple Metaverses. Yes, you read that right. But what is the meaning of the Metaverse?

There is no one metaverse out there. Facebook's rebranding to Meta doesn't change the fact that there are multiple metaverses in existence, in multiple shapes and forms.

From Meta's (Facebook's) three-dimensional (3D) vision of the internet to [Decentraland's](https://decentraland.org/) decentralised 3D virtual reality (VR) platform, to the numerous gaming worlds in existence (like World of Warcraft and NFT-based Axie Infinity), there are several metaverse concepts around.

Global powerhouses like Microsoft and Nike are venturing into the metaverse space as well. Let's make things clearer by defining a metaverse.

## Multiple Metaverses? What's a Metaverse Any Way?

A metaverse is a virtual universe in which users can interact with one another as avatars in shared spaces to socialise, work and play games. Millennials have been playing games in which users can purchase in-game items like skins and weapons for many, many years.

They are familiar with the concept of in-game purchases and understand NFTs better than most. Companies venturing into the metaverse space are targeting the younger generation (those born in the 1990s and after) and should try to leverage the power of NFTs as well.

## Using NFT Technology

Using NFT technology in the metaverse sphere may enable users to move digital assets from one metaverse to another – how cool is that? It is safe to say NFTs will underpin the metaverse sphere and enable users to claim ownership of digital assets like art and music.

That said, there is much more to the sphere than just digital asset ownership. As a 3D vision of the internet, the metaverse will enable you to attend meetings, concerts and other events of importance in the virtual form (as a hologram).

Of course, this concept is one for the future and for now we must enjoy the many metaverses that are currently at our disposal.

More [Metaverse news](/news/category/metaverse-news).



Welcome to the Era of Metaverse Crypto

Facebook, and parent company, Meta, have been in the media a lot lately.  While not all of the headlines have been good, a recent one that announced the company’s mega investment of $10 billion into creating “the metaverse” should pique the curiosity of crypto communities around the world. 

Metaverse is more than a new buzzword, and it is _not_ unique to Facebook.  Microsoft is another industry titan trying to lay its own claim to this so-called metaverse. They may, in fact, be _leading_ the charge considering how Microsoft has already adapted several technologies currently used in these environments.

## What _is_ a metaverse? 

The term was first used in Neal Stephenson’s 1992 science fiction novel, "Snow Crash."  In it, Stephenson hatched the term when he described avatars who would connect and congregate in 3D buildings and other virtual reality environments.  In our world, metaverses are best defined as digital universes that people access with a virtual reality headset. This allows them to work and play in an imaginary, digital realm.  It’s virtual reality at its finest.

Here’s where it gets interesting – the leading members of the technology brain trust are convinced that the metaverse represents _the future of the internet_, and it’s rapidly evolving.  With metaverses making more strides into becoming a reality, we are learning that to truly become _fully_ immersive worlds with their own economies, they need to have a form of currency.

That’s where digital assets come into play as they are often paired with blockchain VR social platforms. This is so that people can buy items within the game, such as land, weapons, or other items that can be traded with other players. 

## Top 3 Cryptocurrencies for Metaverses

Here are three of the top cryptocurrencies well positioned to serve as the economic backbone of future metaverses:

### **SAND**

The Sandbox is a virtual world (metaverse) where players can build, own, and monetise their gaming experiences in the Ethereum blockchain using the platform’s token, (SAND).  SAND has a current market cap of over $2 billion and the Hong Kong-based gaming platform very recently raised $93 million from SoftBank. SoftBank is apparently committed to watching Sandbox further expand its digital world.

### [**Decentraland**](https://decentraland.org/)

Decentraland is another blockchain-based metaverse powered by the ETH blockchain.  Here, users can purchase plots of digital real estate called "LAND.”  Users are then able to buy plots of LAND using the metaverse’s in-game cryptocurrency token, (MANA).  Users can both purchase LAND in this metaverse as well as use their MANA tokens to pay for in-world goods and services.  At present, MANA has a market cap of over $4 billion and since trading at around $0.08 this past January, MANA has shot up to $3.18 today.

### [**Enjin**](https://enjin.io/)

The self-proclaimed “largest gaming community platform” currently boasts more than 250,000 gaming communities and more than 18 million registered players.  The Enjin Coin (ENJ) is an Ethereum-based coin with a market cap of almost $3 billion.  The main use case for Enjin is creating ENJ backed assets that can be accessed in games.  For example, developers can create items such as weapons, and back them with a certain amount of ENJ coins. 



Metaverse from Facebook has Begun- 3 Coins to Watch

Crypto exchange [KuCoin](https://www.kucoin.com/) has launched a 'virtual skyscraper' in the Bloktopia metaverse.

KuCoin will be housed in the tower’s 5th floor. The virtual building will have 21 levels and will hope to house other content creators, including Polygon and Avalanche.

The company is set to join an already well-known spread of blockchain companies based within the virtual skyscraper, including its parent company High Fidelity, Everdragons and Black Bull Capital.

## A Dynamic Environment

Black Bull Capital’s CEO, Trevor Koverko, described the building as a “dynamic environment” for blockchain companies.

He told [Cointelegraph](https://cointelegraph.com/): "I think it's going to be really unique and different, and it's going to be so cool."

"What we've done with this project is create something where you'll have people from all different walks of life and you'll have a very interesting cross-section of people that companies can go to, to service their needs."

People will be able to virtually communicate with eachother and interact within the space.

The space is host to various virtual and augmented reality activities.



KuCoin Crypto Launches Metaverse Space

Facebook (FB) announced Friday that it has formed a new company called ‘Meta’. The news comes as the Senate is set to vote on stronger privacy protections for Facebook users, following significant scrutiny of the social network’s data practices. The metaverse will be a 3D virtual world that will be 'more immersive'.

The House passed new privacy legislation this week. It will require companies like Facebook to get their users' permission before they can share their personal information with advertisers.

The new company is led by Meron Gribetz, who has been described as a "reality visionary." When asked about what its business strategy will be, Facebook said it's focusing on hardware and software development through the lens of augmented reality (AR). CEO Mark Zuckerberg announced that the 3D world would include NFTs.

"It’s going to take ecosystem building, norm setting, and new forms of governance and this is something that we’re really going to focus on,” Zuckerberg said.

Pundi X has been building out a network of retail devices over the past couple years. The company has a goal of enabling "any store to buy, sell and accept cryptocurrency as payment." The company's initial plan was for consumers to spend their digital tokens on everyday items from groceries to transportation. Now it seems Facebook is pushing NFTs into that same physical, real-world realm.

**Privacy will be built in Facebook Metaverse from "day one"**
--------------------------------------------------------------

Zuckerberg assured the public that privacy and safety will be built into the metaverse along with interoperability.

He reiterated; "Privacy and safety need to be built into the metaverse from day one.”

And so we've gone from a world of isolated VR headsets, to one where we will have our own token economy that locks us into an all-encompassing social metaverse. This isn't science fiction anymore. What used to feel like the distant future is now just around the corner.



Facebook Metaverse Will Feature NFTs