Imagine a universe free from the constraints of everyday life. In this alternate world, you can play and create anywhere else on the planet. You can go to events, create art, and make a lot of money. You are capable of anything your mind can imagine.
Cryptocurrency is the key to accessing this parallel universe.The term metaverse has been trending in the news, on social media, and in conversations among cryptocurrency investors. Despite not being widely used, the technology is increasingly catching the interest of investors in the tech and cryptocurrency sectors.
The fact that Meta, one of the biggest tech companies in the world, is betting on the metaverse and even went so far as to rebrand from Facebook helps.
As the cryptocurrency market is constantly evolving, it’s important to evaluate what coins will be the most promising. In this guide, we discuss which Metaverse cryptocurrencies you should buy in 2022.
Best Metaverse Crypto You Should Try
The good news is that because metaverse projects are fairly new, crypto prices today are quite low — well under $1 in many cases, and less than 1 cent in some. This opens the opportunity for investors of all levels to invest.
Battle Infinity (IBAT)
Battle Infinity is a new platform with multiple games that integrates the metaverse under the name Battle Arena. The game ecosystem allows players to interact, perform and explore their world.
Battle Infinity’s token, the IBAT, will unlock all features of the ecosystem as players must possess them to play Battle Infinity. The token can be used as an entrance ticket to the Battle Infinity platform or for advertisements on billboards.
ApeCoin is a cryptocurrency created by Yuga Lab, the creators of famous non-fungible tokens (NFTs) Bored Ape Yacht Club. The coin’s value comes from its use in Yuga Lab products, including their Otherside game.
ApeCoin (APE) is a token used within Ape Entertainment’s ecosystem. It is the primary governance token for ApeCoin DAO, allowing APE holders to participate in voting on proposals for the ecosystem’s future development. APE will also be used to access games, merchandise, events and services.
The Sandbox (SAND)
Sandbox, first released in 2021, was one of the first metaverse projects and quickly became one of the most popular. Although initially conceived as a game, Sandbox has since incorporated metaverse into its offerings.
Sandbox’s native token, SAND, entered the public market in mid-2020 at a price of $0.051 per token. You have a choice in how you use The Sandbox. You can design your own game, play other games, own virtual land, and gather, create, or take over a piece of real estate. Any recognized crypto exchange like KuCoin or Binance allows you to buy, sell, or trade $SAND.
Ethereum has become the dominant smart contract platform, with over 3,000 decentralized applications running on its blockchain and over $35 billion secured in Ethereum-based decentralized finance products.
The Ethereum network uses Ether (ETH) as a native token for verifying transactions. The ERC-20 standard is used to create smart contract-enabled fungible tokens to be used in the Ethereum ecosystem.
Decentraland, one of the first metaverses on the blockchain, is a phenomenon in its own right. It has become one of the most popular metaverses and hosts some of the biggest virtual spaces.
Decentraland has a native currency called MANA, which is used to purchase land within the Decentraland platform. All transactions on the platform must be executed using MANA, which gives the token real utility.
Star Atlas (ATLAS)
Star Atlas is a metaverse project created by game developer Metaversum Games. With your personalized spacecraft, you can explore a distinctive metaverse, join or found a faction, and create a world all your own.
In order to immerse yourself in the Star Atlas universe, you will need to purchase resources from within the game. You can buy land, ships, crew members, and equipment using ATLAS metaverse coins or POLIS (the game’s in-game currency).
Lucky Block (LBLOCK)
Lucky Block is built on top of the blockchain protocol and thus its games are generated by smart contracts, ensuring randomness and legitimacy. In terms of price performance, Lucky Block is one of the best-performing digital currencies in 2022 to date.
The Lucky Block token (LBLOCK) serves as the lottery platform’s native token. Tickets for competitions on the platform can be purchased with LBLOCK. The token is also used to payout winnings from contests.
Tamadoge is an ambitious metaverse project that combines a variety of pet-based games, a pet marketplace, and an augmented reality application into an ecosystem that rewards users for collecting NFT creatures.
The Tamadoge Token (TAMA) is a token built on the Ethereum network that can be used in conjunction with Tamadoge and other games built on the network. You can use TAMA to breed, combat, and mint your TamaDoge pet in the metaverse. The objective is to harness the influence of the “Doge” style to build a successful crypto community.
Undoubtedly one of the most ambitious and cutting-edge industries, the metaverse is still being explored for all of its possibilities.
It can be a good idea to invest in some of these ventures because the metaverse concept is firmly founded in blockchain and cryptocurrencies. In addition, the hype surrounding NFT seems to be growing.
Don’t, however, put all of your eggs in one metaverse coin basket, and don’t put money at risk that you can’t afford to lose. It is crucial to diversify your holdings and, more importantly, purchase coins that you believe have promise.