The topic of meta universes has become highly relevant following Facebook's rebranding to Meta and Mark Zuckerberg's announcement that the company will develop the digital universe in the coming years. The best metaverse tokens, which the editors of cryptomais will discuss in this article, perform service functions in blockchain projects – for example, they help reward users, create and buy NFTs, and stimulate game progress. Let's find out which ones of these assets are most sought after today and where they can be purchased .
What is the metaverse?
The metaverse can be described as a virtual space where users interact online in various ways. Often, such a universe even unites several separate platforms, it can be controlled by augmented reality. From a science fiction perspective, this is the same world where instead of a phone, a hologram, and each person has a virtual avatar.
The metaverse in its current understanding combines elements of economics, decentralized management and social functions.
Computer games are closely related to this concept. The projects of Fortnite, Second Life, Roblox, etc. either focus entirely on the metaverse prototype or use separate parts of it (say, virtual concerts and events).
The role of cryptocurrency
The main uses of cryptocurrencies in the metaverse:
- Digital collectibility. NFT tokens provide an opportunity to prove the uniqueness and originality of an item, to protect it from counterfeiting.
- Connecting to the protocol using a web3 wallet is the best confirmation of the right to control an object or action.
- Users have voting rights. Metaverse token holders can vote on protocol changes or propose them themselves.
- Security and lack of probation. There is no account/account blocking. Game currencies are protected according to the rules of blockchain technology.
- A large selection of blockchains allows developers to launch their projects on the fastest and most efficient networks, which is also useful for gamers.
- High availability. Anyone can create a wallet on the public blockchain, it is anonymous (does not require identification) and it is free.
Cryptocurrency and blockchain are the best way to provide all of the above; traditional games have not been able to do this yet, although they are implementing several advanced solutions. Classic game development is quite centralized, while blockchain games allow you to work in a decentralized manner and, most importantly, to receive additional revenue.
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Top Metaverse Tokens by Market Cap
1. Axie Infinity (AXS)
- Capitalization: 8 842 782 287 $
- Price: $112
- In circulation: 65 864 267
- https://axieinfinity.com/
Axie Infinity is a virtual world where participants breed pets called Axies and use them to fight other players. The more powerful the pet, the more expensive it is, so you can earn money by breeding Axies and selling them. The AXS token acts as the main trading asset in the system. The SLP token is also widely used, with the help of which animals are crossed.
2. THETA (THETA)
- Capitalization: $6,482,854,659
- Price: $4.7
- In circulation: 1,000,000,000
- https://www.thetatoken.org/
THETA is the infrastructure for realizing the metaverse. At its core, it is a decentralized video streaming blockchain network. It allows users to watch videos and receive rewards in the form of tokens for their loyalty. In November, the analyst named this project as one of the most promising in the virtual universe industry.
3. The Sandbox (SAND)
- Capitalization: 6 392 661 908 $
- Price: $5.4
- In circulation: 913 246 119
- https://www.sandbox.game/
On November 29, the long-awaited launch of The Sandbox, one of the most popular projects in the Metaverse, was launched. By downloading the client, players can access a variety of games and in-game items, exclusive opportunities, and can also earn NFT and SAND tokens for their activities. Until December 20, participants can access daily contests and promotions.
4. Decentraland (MANA)
- Capitalization: 6 247 069 471 $
- Price: $3.71
- In circulation: 1 327 372 145
- https://decentraland.org/
A virtual reality platform powered by the Ethereum blockchain. It allows players to create, use, and monetize in-game content. It is based on LAND NFT tokens, which are entirely owned by the decentralized community. MANA is used to purchase goods and services in the universe.
5 Enjin Coin (ENJ)
- Capitalization: 3 400 287 108 $
- Price: $2.73
- In circulation: 934 340 659
- https://enjin.io/
A set of tools for integrating NFT and metaverse into any blockchain application. A convenient solution for a company looking to expand into a promising industry. Allows you to create tokens in a few clicks, without deep knowledge of programming and blockchain technologies.
6. Sushiswap (SUSHI)
- Capitalization: $ 1,458,471,675
- Price: $6
- In circulation: 192 789 255
- https://sushi.com/
The popular decentralized cryptocurrency exchange in late October announced the imminent launch of the ShōYu solution – an NFT marketplace. It will allow the sale and purchase of metaverse assets, such as OpenSea and other similar markets. Furthermore, the ecosystem is actively implementing a variety of solutions related to supporting popular blockchains and dApps.
7. WAX (WAXP)
- Capitalization: 1 313 040 170 $
- Price: $0.62
- In circulation: 1 852 340 234
- https://on.wax.io/wax-io/
The WAX protocol is a proxy Proof-of-Stake (DPoS) blockchain designed to scale with the microservice layer, providing the infrastructure for building metaverses and digital goods marketplaces. WAX was designed to make blockchain easier for decentralized applications, and it has succeeded.
8. CEEK VR (CEEK)
CEEK VR
- Capitalization: $761,768,559
- Price: $0.63
- In circulation: 739 647 760
- https://www.ceek.io/
A metaverse focused on working with music artists, performers, and other content creators. Here, celebrities can sell their tokens and fans can create collections of valuable virtual items. CEEK VR is partnered with Universal Music, so users will have the opportunity to experience live performances by legendary stars, from Bon Jovi to Lady Gaga.
9. Ultra (UOS)
- Capitalization: 569 124 367 $
- Price: $1.83
- In circulation: 267 919 582
- https://ultra.io/
A blockchain ecosystem that enables interaction with NFTs, the development of new games and applications, and the introduction of innovations. The project also has a referral system: it rewards both the attraction of new users to the platform and the promotion of products promoted on Ultra.
10.
My Neighbor Alice (ALICE)
- Capitalization: $ 338,174,749
- Price: $14
- In circulation: 17.4 million
- https://www.myneighboralice.com/
A farm simulator where you can buy and equip your land, meet neighbors, trade NFT tokens in the form of animals, products, decor elements, buildings. The ALICE token allows players to buy NFTs, land plots, and various integrated DeFi solutions.
Other promising tokens
Major metaverse tokens also include the following assets:
- Alien Worlds (TLM)
- MOBOX (MBOX)
- Mines of Dalarnia (DAR)
- Yield Guild Games (ASB)
- Star Atlas (ATLAS)
- Aavegotchi (GHST)
You can see the list and current indicators of coins in the aggregator here .
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Where to buy metaverse tokens. Exchange to trade
Almost all major Cryptocurrency Exchange work with tokens of this type, such as:
Therefore, ALICE, Virtua Kolect Terrain (TVK), AXS, SLP (Axie Infinity's second token), DAR, SAND, GHST, Vulcan Forged (PYR), Illuvium (ILV), MANA are currently traded on Binance.
Additionally, many metaverse tokens can be found on exchanges decentralized , such as: Uniswap, Sushiswap, 1inch, PancakeSwap .
The future of the metaverse
Much of the technology needed to create a true metaverse already exists or is in development. But there are still a few hurdles to overcome before the idea can be put into practice. If this technology is commercialized too quickly, users’ interest may wane—they’ll decide they’re just making money.
PhD futurist Trond Undheim believes that virtual reality will cover humanity within the next seven years. Facebook is one of the pioneers in this direction. Given the company’s scale, there is every chance that it will be able to combine disparate components into a whole digital ecosystem. Google, Apple, and Microsoft will follow Facebook. The integration of NFTs and virtual universes will play an important role in this.
Conclusion
New metaverse tokens appear almost every day, but not all of them will become popular. Be careful when entering this sector. Several projects have already proven their seriousness and should be followed.
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The prices of the coins in question increase in the long term, but cryptocurrencies have been and remain high-risk investments. And very rapid growth in general can be alarming, as there is a possibility of a synthetic explosion. Do not forget about diversification, allocating only a portion of the investment portfolio to high-risk investments, so you will not lose much even in the event of a significant devaluation.