Since the introduction of the Metaverse by Mark Zuckerberg, the virtual market has been experiencing steady growth. For those unfamiliar with the Metaverse, it is a combination of virtual and augmented reality, which combines social media, gaming and cryptocurrencies.
In the Metaverse, cryptocurrencies are to be used for transactions. And every Metaverse will have its own set of cryptocurrencies. As a result, there are several different tokens available on the market. The Metaverse is completely based on blockchain and cryptocurrencies, which is why it is considered the future of technology.
Right now, we are only seeing the start of the huge number of projects which could drive the Metaverse forward. So, here are some of the best Metaverse cryptocurrencies that you can invest in right now.
5. Floki Inu (FLOKI)
Floki Inu is a dog-based meme coin, which is slowly starting to enter the Metaverse coin space. It is a relatively undervalued cryptocurrency and gets its name from Elon Musk’s dog, which is a Shiba Inu (also another cryptocurrency).
There is no fixed market cap on Floki Inu, and within a year since its launch, it has seen an increase of 1331%. The project has plans to make an NFT marketplace and a game in the near future. As a result, people have gravitated to the coin for its potential.
— Peter (@Peter59698873) February 23, 2022
4. Highstreet (HIGH)
HIGH is a currency that you can use inside the Metaverse to purchase virtual items. The project is backed by tech giant HTC and is used to access items in stores made available by Shopify into the gaming platform. Highstreet seems to be up to date with the latest trends in the cryptocurrency industry and has NFTs on its radar as well. As a result, it is a practical project that has a lot of scope to grow.
3. Decentraland (MANA)
You might have heard of Decentraland due to the popularity of its native token, MANA. The hype was due to the rise in popularity of NFTs. Now, you can also purchase virtual land using this platform, which gives it the name. You can build anything on the LAND parcel you acquire and can monetize the same as well. Decentraland was founded in 2017 and was one of the first to enter the Ethereum-based decentralised reality niche.
2. Sandbox (SAND)
The native token of Sandbox, SAND, has been experiencing a remarkable rise in value over the last few months. The token peaked at $8.44 in November 2021 and is currently trading at $3.34.
Sandbox is a game that revolves around the creation and trade of NFTs at its core. The SAND tokens can be used by players to create NFTs. It has a fixed supply of 3 billion tokens, and 680 million of them are already in use. Players are rewarded for their participation in the ecosystem transactions, such as buying and selling game items.
1. Axie Infinity (AXS)
Axie Infinity is the most popular token of its kind and is a game that is closest to the original vision laid down by the Metaverse. Its native AXS token has performed quite well this past year, with several people switching over to the play to earn lifestyle permanently.
Mark Zuckerberg: The virtual economy in the metaverse will be as big as the one in real life
— Blockworks (@Blockworks_) March 2, 2022
While it hasn’t incorporated VR just yet, it has its roots in the ideas posed by blockchain and cryptocurrencies. The game features characters known as Axies, which are NFTs and can be traded between players. Axie Infinity also allows players to purchase virtual real estate within the game, which is expected to attract more people in the coming years.