What are Metaverse crypto coins? Well, simply put, they are digital assets or tokens that are used to conduct transactions on the Metaverse blockchain.
They can be used to represent a wide variety of things, from commodities and services to company shares and loyalty points.
Metaverse is a revolutionary decentralized platform that enables people to freely create and manage digital assets. It is a blockchain-based ecosystem that provides a variety of services, including identity verification, asset creation, and transaction settlement. If you want to learn more about the Metaverse click here.
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Metaverse also allows users to issue tokens based on the ERC20 standard. Find out the difference between crypto coin and tokens here.
For now, let’s take a look at the top 10 Metaverse crypto coins in 2022! Read on!
1. Decentraland (MANA)
This is, without a doubt, one of the best metaverse crypto coins out there. Decentraland is a virtual world that is built on the blockchain where you can buy some land. It allows users to create, share, and monetize content and experiences. MANA is the token used in Decentraland, and it can be used to purchase land, goods, and services within the platform.
Decentraland has seen impressive growth over the past year or so, and its popularity is only going to continue to grow in the years ahead. If you’re looking for a solid investment opportunity, then MANA should definitely be at the top of your list!
What makes Decentraland special is that it is one of the few projects that is actually backed by a working product. The team behind Decentraland has already built a functioning virtual world, and they continue to add new features and enhancements on a regular basis. It has a coin market cap of $4,652,105,255 and a daily trading volume of $573,815,421, making it one of the most popular metaverse crypto coins.
2. The Sandbox (SAND)
This is one of the most popular meta coin cryptos where users play a thrilling game. You might be familiar with this one if you read our article about the best NFT games.
The Sandbox is a virtual world where users can create and share their own games, worlds, and experiences. It’s an immersive platform that allows users to experiment with different game mechanics and storylines.
One of the highlights of The Sandbox is that users can earn rewards for their creations. In fact, the platform has a built-in economy where users can purchase and sell assets using SAND.
This metaverse coin has a coin market cap of $3,479,584,396. and a daily trading volume of $933,288,218. It is worth$3.77 as of January 2022.
3. Axie Infinity (AXS)
This is one of the best highest revenue-generating games built on a blockchain. It is a pet game where users can raise, battle, and trade fantasy creatures known as Axies.
This NFT game has been live since December 2018 and has over 92,000 active users. It has a market cap of $4,020,927,025 and a daily trading volume of $274,928,674. It currently trades at $65.88, making it one of the most expensive metaverse crypto coins.
Axie Infinity is one of the most promising blockchain games due to its high user base, good revenue stream, and strong development team.
4. GALA (GALA)
Founded by Eric Schiermeyer on July 21, 2019, GALA is a cutting-edge gaming platform that combines NFTs to create an immersive gaming experience. The GALA platform is designed to reward gamers with tokens for playing games and completing tasks, making it a perfect fit for the Metaverse blockchain.
In addition to its innovative gaming features, GALA also has a strong focus on social media and community building. The team is committed to creating a fun and supportive environment where gamers can come together to share their love of gaming. With its unique combination of gaming and social media features, GALA is set to become one of the leading platforms in the metaverse space.
This platform uses its native utility token, GALA, which is used to pay for in-game items, rewards, and other services. It is basically an in-game currency that can be used to purchase anything from cosmetics to gameplay enhancements.
5. Enjin Coin (ENJ)
This is an ERC-20 token built on the Ethereum blockchain that is designed for gamers and gaming communities. It allows developers to create, manage, and monetize virtual goods across any gaming platform.
Enjin Coin has a wide range of features that make it perfect for the metaverse space. These include:
- True item ownership: With Enjin Coin, gamers can own digital assets that are stored on the blockchain. This provides a high level of security and trust since there is no risk of items being lost or stolen.
- Flexible payment options: Gamers can use ENJ to pay for in-game items, rewards, and services using either fiat currencies or other cryptocurrencies.
- Multi-platform support: Enjin Coin supports a wide range of platforms, including PC, mobile, and console games. This allows developers to reach a large audience with their games and applications.
- Developer tools: Enjin Coin provides a wide range of developer tools that make it easy for developers to create, manage, and monetize virtual goods. These tools include the Enjin Platform, which is a powerful platform for creating gaming communities.
- Marketplace: Enjin is regarded as one of the best metaverse crypto projects for its expansive marketplace. The Enjin Marketplace allows gamers to buy, sell, and trade virtual goods with ease.
- Community: Enjin has a large and active community of gamers who are passionate about gaming and blockchain technology. This provides a strong foundation for the growth of the project.
Enjin Coin is one of the most popular metaverse crypto projects due to its wide range of features and support for multiple platforms. It is ideal for developers who want to create games and applications that use digital assets. Moreover, it is quickly becoming one of the most popular tokens in the metaverse space thanks to its innovative features and support for multiple platforms. It has already been adopted by dozens of gaming communities and shows no signs of slowing down.
This metaverse crypto coin has a coin market cap of $1,711,363,487 and a daily trading volume of $239,954,125. By January 2022, it traded at $2.01.
6. Illuvium (ILV)
Illuvium is a unique cryptocurrency that focuses on providing secure and anonymous transactions. It uses the Zerocoin protocol to ensure that all transactions are untraceable, and it has built-in privacy features that make it perfect for use in the metaverse. Illuvium also has a very active development team that is constantly working to improve the coin’s security and functionality.
This coin is a great choice for anyone looking for privacy and security in their transactions. It is often overlooked, but it is one of the most promising coins in the metaverse.
What makes Illuvium one of the top metaverse crypto coins?
- It uses the Zerocoin protocol for anonymous transactions: This makes it perfect for use in the metaverse, where privacy is of utmost importance.
- It has a very active development team: The Illuvium team is constantly working to improve the coin’s security and functionality.
- It offers privacy features that are essential in the metaverse: The Illuvium protocol ensures that all transactions are untraceable, providing users with maximum privacy protection.
- It is often overlooked but is one of the most promising coins in the metaverse: Despite its many advantages, Illuvium is often overlooked by investors. This makes it a great choice for anyone looking for undervalued coins with high potential.
Illuvium Token Distribution Over Time
It’s worth noting that this is one of the most expensive metaverse crypto coins. By the time of writing this article, it traded at $697.64. It enjoys a coin market cap of $448,504,651 and a daily trading volume of $35,278,334. This is a coin to watch in the coming years!
7. SushiSwap (SUSHI)
SushiSwap is a software running on Ethereum whose goal is to incentivize people to trade crypto assets without giving up control of their funds.
Just like other similar platforms such as Uniswap and Balancer, this software uses a collection of liquidity pools in order to make it easy for users to swap tokens. It is regarded as one of the fastest-growing decentralized finance (DeFi) platforms, hence its inclusion in this list.
SushiSwap is a software running on Ethereum whose goal is to incentivize people to trade crypto assets without giving up control of their funds. Just like other similar platforms such as Uniswap and Balancer, this software uses a collection of liquidity pools in order to make it easy for users to swap tokens. It is regarded as one of the fastest-growing decentralized finance (DeFi) platforms, making it a valuable asset for the future of the metaverse.
With this platform, you can trade crypto assets without needing central operator administrator. This means that you maintain control of your funds at all times, which is a key element of the metaverse.
If you are a holder of the native SUSHI token, you will be able to participate in governance and receive rewards for doing so. This helps to ensure that the platform remains decentralized and efficient.
Each SUSHI token is worth about $5.73. It enjoys a coin market cap of $728,532,203 and a daily trading volume of $290,246,489.
8. Theta Network (THETA)
Theta Network is a decentralized video streaming and sharing platform. It uses blockchain technology to manage its operations and rewards users with Theta tokens for contributing their bandwidth and storage capacity to the network.
Theta has also created a Decentralized Streaming Network (DSN) that allows content creators to broadcast directly to viewers without the need for centralized servers. This could help reduce costs and latency, making it a more viable option for live streaming.
It allows a global pool of users to view, share and monetize videos with no third-party involvement. It boasts two native tokens: THETA and TFUEL. The former is used to reward users for contributing resources to the network, while the latter is used to pay for services on the platform.
What makes this platform outstanding is that it is open-source. This means that developers can build applications on top of it or improve the code and help expand its functionality.
Theta Network has a coin market cap of $3,945,858,960 and a daily trading volume of $397,903,398.
9. WAX (WAXP)
WAX is a purpose-built blockchain and protocol token specially made to make e-commerce transactions easier, faster, and more secure. It also allows buyers and sellers to interact directly without the need for a third party.
This platform uses the Delegated Proof of Stake (DPoS) consensus algorithm and allows for fast transactions. This algorithm is known for its security and speed.
It has a wide range of blockchain-based tools that allow users to buy, sell, trade, and rent virtual goods. The WAX platform is also decentralized, meaning that it can’t be taken down by a single entity.
WAX is currently in the top 50 cryptocurrencies on CoinMarketCap and has a market cap of $654,058,579 and a daily trading volume of $47,237,359. This makes it a top contender for the future of the metaverse crypto world.
10. Wilder World (WILD)
Wilder World is a decentralized and futuristic artist DAO and liquid NFT marketplace that allows users to buy, sell, and trade digital art. It also allows for the creation of new artwork, which can be sold on the marketplace.
This platform is built on the Ethereum blockchain and uses the ERC-20 standard token. This means that it is fully compatible with Ethereum wallets and can be easily transferred.
Using multiple layers, this platform offers a plethora of tools that enhance a holistic user experience. These include a voting system, an artist reputation system, and more. Additionally, this platform is censorship-resistant and allows for the free exchange of information.
Being open-source, Wilder World is always looking for new and innovative ways to improve. It has a market cap of $173,188,820 and a daily trading volume of $7,441,060. At the time of writing, it traded at $2.07 per coin.
Key Takeaways
- Metaverse crypto coins are digital assets or tokens that are used to conduct transactions on the Metaverse blockchain.
- Provides a variety of services, including identity verification, asset creation, and transaction settlement.
- It also allows users to issue tokens based on the ERC20 standard.
- There are more than 100 different crypto tokens, but be aware of scam coins and make your research before purchasing them.
Final Thoughts
Metaverse crypto coins are quickly gaining traction and becoming more popular with each passing day. These ten coins are just a taste of what the metaverse has to offer, and there will undoubtedly be many more in the future.
So if you’re looking for a way to get involved in this exciting new world, then look no further than these ten coins.
Each one has something different to offer, so be sure to do your research before investing. Also, keep in mind that the crypto market is volatile and can be unpredictable, so always invest what you can afford to lose.
It’s important that you download a crypto wallet app that helps your assets to stay safe from hackers and privacy invaders. Therefore we recommend you to pick the Tezro app for a totally encrypted trading experience.
