3 promising metaverse cryptocurrencies to buy now and keep in your wallet

Although the technology is far from mainstream, it is quickly catching the attention of tech and cryptocurrency investors. Therefore, Metaverse represents Tokens an untapped opportunity for 2022.

The fact that one of the biggest tech companies in the world, Facebook, is betting on the metaverse, even going so far as to change its name to Meta, is also a plus. The company reportedly spent $10 billion on its metaverse project last year, calling it the future of technology. Cryptocurrencies and blockchain will play a crucial role in this journey.

So which Metaverse tokens should you buy? Here’s a rundown of everything you need to know about the metaverse and the best tokens to invest in.

1) Axie Infinity (AXS)

Axie Infinity is a metaverse project that approaches the definition of metaverse, but is essentially a game. The local currency is the AXS token in this play-to-earn type of metaverse game.

Axie has one of the largest market caps of any metaverse cryptocurrency at over $4 billion. However, the YTD performance is -27.68%. This may seem unpromising to many investors, but the value of the coin has started to rise again. Part of the reason could be the impending launch ofAxie Infinity: Originsa highly anticipated update that adds features and improves game mechanics.

1/ Axie Infinity: Origin is live in Early Access! This is a very early version of the final product and we will be upgrading it quickly over the coming weeks and months. Full article 👇 https://t.co/4eBLGG1fwf https://t.co/APVgzgU3mA

Although based on the idea of ​​the metaverse VR (virtual reality) is not included so far.

The Axie Infinity game contains characters or Axies, and these Axies are non-fungible tokens that players can buy and trade. For example, they can create new axes by combining two axes. There is also virtual real estate in the metaverse of Axie Infinity, which could attract investors other than gamers. For example, a piece of land that has recently been sold for 2.3 million dollars.

How does Axie Infinity work?

Users can collect AXS, the Axie token, by playing their games. This game has been hugely successful and people are said to have quit their jobs to adopt the “play to win” lifestyle. The game allows to spend its tokens in its metaverse. The AXS token can be converted to ETH and used to buy NFTs on Axie Marketplace.

2) Sandbox (SAND)

The Metaverse project The Sandbox has shown an impressive performance. The platform’s original token, TRUE, has been steadily rising through 2021 and finally broke through the $1 mark last quarter, continuing its upward trajectory. As of April 12, SAND sells for $2.79.

With a VR aspect, this project realizes the vision of the metaverse. Sandbox is essentially a game, and it has the backing of game brands like Atari. And HSBC recently bought virtual real estate in its metaverse. But it is strongly based on creating and acting NFTs. Players can create NFTs using tokens from the SAND metaverse.

Like countless other cryptocurrency projects, this one is based on ethereum.

Tea @CFDA has entered the #Metaverse – to bridge the gap between fashion and #Web3! ✨ Members will receive professional development and educational resources that allow them to gain insight and cultivate opportunities in the digital space! https://t.co/MIGAwrIPvU https://t.co/TxbFcb8ufu

also read Is it too late to invest in Decentraland (MANA), the answer is no, here is why!

Another promising factor is that it has a limited coin reserve of 3 billion tokens, of which 1.14 billion are in use. Its market cap is $3.27 billion per share. April 12.

How does Sandbox work?

Sandbox offers creators true ownership of their creations in the form of non-fungible tokens (NFTs) and rewards them for participating in ecosystem transactions and interactions, such as transaction fees, staking, or buying and selling game items, etc.

Game Maker allows anyone to create amazing 3D games for free. No coding is required as users can access visual scripting tools to create visually stunning games in minutes with the Marketplace where users can upload, publish and sell their creations made with VoxEdit.

3) Decentralized country (MANA)

In terms of popularity, Decentraland is a cryptocurrency metaverse project that has often been in the news. This is partly due to the NFT craze, which has also led to significant gains for the platform’s native tokens, MANA.
Many NFT owners have started using the platform to showcase their NFTs. But NFTs are not the only thing on this metaverse platform. Its most important feature is that you can too buy virtual landhence the name.

Sotheby’s, the luxury goods and art broker, bought land on Decentraland and used it to create a replica of its London offices. This shows that even big companies are looking at metaverse projects.

Decentraland was established in 2017 and is one of the oldest projects that took time to gain recognition. Although MANA’s performance has not been particularly great, its market cap will reach $4.79 billion at the start of 2022, making it largest metaverse token at market value. Like many, if not most, cryptocurrencies, MANA has fallen significantly year-to-date, but is up 115% year-over-year.

How does Decentraland work?

MANA, the native token that powers the ecosystem, has a supply of 3.9 billion. Currently, there are 1.8 billion tokens in circulation. Players, creators and companies who want to take advantage of metaverse opportunities and be entertained use this platform. With a large target group comes a large demand for the coin. This is what makes Decentraland a valuable purchase.

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