Metaverse and cryptocurrency seem to be concepts that go hand in hand. Both are an integral part of “web3”, the third generation of the internet, after web1 (world-wide-web) and web2 (social media). This new version of the Internet is more experiential and engaging and involves virtual and augmented reality (VR / AR) to create immersive 3D environments.
Metaverse and cryptocurrency are separate concepts that can exist without each other – like Bitcoin, which has both usability in the real world and the virtual world. And many visions of the meta-verse only involve tangential crypto and blockchain. However, it is clear that there is a potential synergy between these two concepts.
In fact, people like to spend money. And shopping quickly became a key element in web1 and web2. So there is no reason for web3 to be any different. Although no one knows exactly what form the metaverse will take, it will have a significant impact on how cryptocurrency develops.
By investing in the meta-verse now, you are entering an innovative niche market that is still in its infancy. You will have the opportunity to purchase metaverse tokens of your choice and diversify your portfolio with long-term crypto investments. Let’s take a closer look at what a metaverse crypto is, the best crypto metavers to buy, and the different platforms available to buy it from.
What is a cryptocurrency?
The meta-verse refers to one new technology which provides access to tangible real-world experiences in the virtual world. It can be a virtual mall where you can browse real world products and make a purchase, all without ever leaving your home.
metaverset is not exclusive to cryptocurrency and blockchain technology. Large-cap companies like Meta are also pumping billions of dollars into this phenomenon. At the forefront of highly valued metaverse cryptocurrencies are Decentraland, Sandbox and Axie Infinity.
In order for metaverse products and services to be bought and sold, the platform’s original cryptocurrency is required. By investing in the original cryptocurrency of the metaverse project you have chosen, you can achieve financial gains if the value of the token increases.
Things to know before investing in a crypto-metaverse
Here are the key points to consider before investing in a crypto-metaverse.
The meta-verse is open to everyone
Metaversen advocates virtual worlds accessible to all. For example, you can watch a movie in a New York movie theater without having to leave your home, no matter where you live. It will not be there no jurisdictional restrictions for those who want to engage in the meta-verse. Thus, the worldwide demand for metaverse projects can be of considerable magnitude.
Virtual real estate
Metaverse platforms such as Decentraland and Sandbox have created a new and innovative concept – where users can buy virtual land and then build real estate.
You have two ways to take advantage of the best metaverse cryptocurrencies. On the one hand, you can consider to purchase the project’s original digital currency. On the other hand, you can buy virtual real estate and build your own properties for sale on the open market. You need to know that this industry is still in its infancy. The collective market valuation of digital currenciess operating in this space is still relatively small.
According to CoinMarketCap, there are currently slightly fewer 200 metaverse cryptocurrencies which you can buy. On this list, less than 10 projects have a market value of more than $ 500 million. From an investment perspective, this means you can invest in one small cap metaverse with small amounts of money. And if it picks up speed, the upside potential can be huge. An added benefit of investing in metaverse cryptocurrencies is that it is relatively easy to create a diversified portfolio.
Monitor metaplatforms closely
It is important to consider the risk factor of Meta platforms. The social media giant alone has about $ 50 billion in cash reserves. This means that it has the necessary firepower dominates the entire metaverse ecosystem. The meta-platforms (Facebook, WhatsApp and Instagram) are home to billions of daily active users. As a result, they already have a regular market ready to go.
Metaverse cryptocurrency coins for purchase in 2022
Here are some of the most sought after high-yield Metaverse cryptocurrencies in 2022.
Decentraland, at the top of the list
Launched in 2018, Decentraland has taken a lead in the meta-race. This leading metaverse project is built on top of the Ethereum Blockchain. It offers users all over the world one virtual gaming experience. In addition, users can create and customize their characters, chat with other users, and explore the ever-changing world of Decentraland.
From an investment perspective, Decentraland has its own cryptocurrency, MANA. As a rule, all transactions that take place in the Decentraland game must be performed in MANA. Some of the most lucrative deals involve the purchase of land and virtual real estate, which are often sold for over a million dollars.
It is possible to buy and sell items in the game to enhance the Decentraland experience. In terms of market performance, Decentraland was priced at just $ 0.025 when it first appeared in the public markets in 2018. In November 2021, the same metaverse cryptocurrency hit all-time highs of $ 5.90.
Invest in Sandbox
In direct competition with Decentraland is Sandbox. The latter released its first game in 2012. Since then, it has done so expanded its business model to focus on the meta-verse. It is built around the Ethereum blockchain and allows you to create, earn and exchange items in the game.
Like Decentraland includes this opportunity to purchase virtual land and build real estate. These can then be sold on the open market. The sandbox has its own native digital currency, called TRUE.
According to CoinMarketCap, SAND was first listed on public exchanges in mid-2020 at a starting price of $ 0.051 per. token. It reached a record high in November 2021, over $ 8.44. In a year of trading, it thus increased its symbolic value above 16,000%.
Axie Infinity, a metavers cryptocurrency for Play-to-Earn games
For those unfamiliar with this concept, play-to-earn games provide the opportunity generate rewards when certain tasks are performed. And it encourages users to engage with the broader Axie Infinity ecosystem.
Basically, the goal is to collect and raise digital pets. Once embossed, it can be represented as a single NFT, which in turn can be sold on the open market. Axie Infinity is built on the Ethereum blockchain.
Axie Infinity has its own native token, AXS. When AXS was launched in early 2020, you would have only paid $ 0.15 pr. token. And in November 2021, the same token reached heights of over $ 165. This is explained by growth of almost 110,000%.
Wilder World, a low-cap gem
This project allows users to buy and create a variety of custom game items. This includes everything from land, condominiums, statues, etc. All will be represented by negotiable NFTs.
In April 2022, this first-class metaverse cryptocurrency was announced a market value of less than $ 150 million. It is only a fraction of projects like Decentraland and Sandbox. But Wilder World may be one of the best metaverse cryptocurrencies to buy for upward potential.
Engine Coin, a cheap metaverse coin
Enjin was founded in 2017 and offers a global database which enables users to manage and store digital gaming products in a safe and secure manner. In addition, the platform makes the process of buying and selling NFTs hassle-free through a user-friendly mobile app that accompanies QR codes.
In late 2021, Enjin announced that it would collect $ 100 million to fund his metaverse journey. This promising Metaverse token has seen a strong upward price trend since it was listed on public exchanges in 2017.
Render Token, a growing project
Metaverse platforms require a significant amount of GPU space. After all, some of the big metaverse players process a large number of transactions every second, which increases the throughput that the underlying blockchain has to process.
This results in ever-increasing transaction fees and slow processing times. This is where Render Token comes in. The project offers one distributed GPU rendering network which can be used by all metaverse projects. The token was launched in 2020 for the price of only 0.05 USD. Since then, the Render Token has reached heights $ 8.76.
Where to buy metaverse cryptocurrencies?
The answer to this question will depend on your project. For example, larger metaverse coins with a large market value are often coughed up some of the best crypto exchanges in space. But if you’re looking for a new Metaverse crypto recently launched, you may need it use a decentralized exchange. Nevertheless, the best places to buy metaverse coins are in a safe, user-friendly and inexpensive way eToro and Binance.
Buy metaverse crypto from eToro
By opening an account with this broker, you can buy metaverse coins, from one minimum transaction size of only $ 10. With a $ 50 security deposit, you can branch out on five metaverse tokens.
In addition, eToro authorized and regulated by the SEC and registered with FINRA. So you do not have to worry about the security of your metaverse investments. In addition, eToro gives you access to dozens of other digital currencies and even thousands of stocks. We also appreciate eToro for that simple deposit process, which covers e-wallets such as Paypal, debit / credit cards and ACH. All USD deposits and withdrawals are processed free of charge.
Buy metaverse crypto at Binance
Binance is one of the cryptocurrency exchanges most popular in the world. In addition to crypto, the platform offers a number of other financial management tools for its users. Binance supports over 350 cryptocurrenciesincluding many metaverse tokens.
Make an escrow deposit in USD via one e-wallet transfer or a bank transfer at Binance. Users are encouraged to check available fiat channels and select the desired fiat currencies. Buy your favorite metaverse cryptocurrency via purchase of a wallet or directly by credit / debit card.