To begin with, the world of digital currencies is greatly dynamic, and the world is up to speed in acclimatizing to it. In particular, NFTs play a significant role in the popularity of Metaverse crypto coins. According to Coingecko, the past two months have been record-breaking in the cryptocurrencies platform.
By the same vein, here are some of the coins to look out for based on CoinMarketCap data.
1. The Axie Infinity (AXS)
Sky Mavis, a Vietnam-based company, created Axie Infinity, a Pokémon video game on the Ethereum blockchain, in 2018. It is a play-to-earn video game where players breed, nature, and battle their digital pets. Recently, Sky Mavis made the news because just five months after raising about $8 million in seed capital, the company raised an additional $152 million in a Series B financing. Currently, AXS values at $3 billion.
2. Decentraland (MANA)
Besides AXS, Decentraland is another Ethereum-based virtual platform that allows users to create, consume, and monetize content. In addition, MANA ranks first among the crypto coins on Metaverse that have increased in value. MANA is an ERC20 token that can buy avatars, wearables, names, and other items on the decentralized Metaverse.
3. The Metaverse Index (MVI)
Index Coop’s Metaverse Index is a collection of tokens intended to grab the pattern of fun, games, and corporate moving to the virtual world. As an illustration, a blockchain tech firm that develops easy to use Non-Fungible Tokens, Enjin credits MVI by saying, “The “metaverse” is a shared digital space that seamlessly integrates aspects of the real world — specifically things like ownership, identity, and financial value.” MVI is simple, economically efficient and open to public scrutiny.
4. Enjin Coin (ENJ)
According to CoinBase,” ENJ is used to directly back the value of NFTs minted within the Enjin ecosystem.” Additionally, users can use this gaming platform to create websites, chat rooms, and virtual item stores. It ranks 3rd among the most stable Metaverse Crypto coins.
5. The Facebook Tokenized Stock (FB)
Facebook has invested approximately $50 million in its Metaverse projects. The FB token is currently trading on centralized exchanges FTX and Bittrex. In fact, within the last seven days, the price of Facebook tokenized stock FTX has increased by 1.76 %.
6. The SandBox (SAND)
In the same fashion, SAND is another ERC-20 token. SandBox integrates the abilities of DAOs and NFTs thus enabling players to trade and recreate tokens. Up until now, the Sandbox’s price has skyrocketed by 58.17% since the beginning of November.
7. The Star Atlas (ATLAS)
Star Atlas, a multiplayer online battle arena league. In to the bargain, ATLAS has a live market cap of $418 Million, having trade exchanges with FTX, Gate.io, Bitrue, ZT and Bridget.
8.UFO Gaming ($UFO)
The Dark Metaverse is a virtual world with a closed-loop economy. The value of the token and the ecosystem grows exponentially as new games are added to the economy. To add to that, all actions in the project ecosystem will necessitate the use of the $UFO token.
9. The Aurory (AURY)
Aurory, a Japanese retro-futuristic role-playing game by Solana, employs the same play-to-earn gameplay that has made it so popular. Additionally, by playing the game players earn tokens and NFTs so that they can use them to purchase items in the marketplace and improve their chances of success. AURY takes advantage of the low costs of transactions and the fast processes by the Solana network.
10. The Yield Guild Games (YGG)
Last but not least, Yield Guild Games (YGGs) is a Decentralized Autonomous Organization (DAO) that invests in non-fungible tokens in the virtual world of play to earn a gaming platform, making it stand out from the rest. Furthermore, people have become more eager to participate in play-to-earn games due to the pandemic consequently leading to the platform’s growth.
Metaverse
Finally, with the above in mind, the Metaverse allows us to overcome the constraints of the physical world, but it only replaces them with constraints imposed by the Metaverse itself.