Wen 3.0 is redefining various elements of web 2.0 in the transition. DeFi is changing the way traditional finance operates. NFTs have emerged as a whole new way to trade collectibles, and Metaverse takes all of this to another level by redefining the internet itself.
When the internet first launched, it was primarily text-based. Gradually it evolved into a more media-based medium, and now Metaverse is transforming it into a 3D interface. How exactly that will happen is yet to be uncovered. However, companies like Meta, Microsoft, and projects like Decentraland, Sandbox, and many others are putting their heads together to figure it out.
Many people believe Metaverse to be the natural progression of the internet, and its impact will be as widespread as the same, if not more. By 2024, the Metaverse market is forecasted to reach $800 billion. So investors are finding it an excellent opportunity to invest in the Metaverse tokens.
P.S. Learn about Metaverse in detail here
Top 5 Metaverse Tokens To Invest In
Here is a list of the top five Metaverse projects reimagining the internet
P.S. – This is not financial advice. The top metaverse tokens list is dynamic. Please DYOR before investing.
P.P.S – You can instead invest in the Metaverse Coin Set containing the top Metaverse tokens of all time, periodically rebalanced.
1. Axie Infinity (AXS)
Inspired by games like Pokemon, Axie Infinity is a blockchain-based game where players can collect, breed, raise and battle token-based creatures known as Axies. Each Axie is an NFT. Unlike other blockchain-based games, each Axie can breed only seven times; this helps control the creation of Axies.
As per Axie Infinity’s website, $3.6Bn worth of assets are traded on their in-house marketplace, and it observes about 2,80,000 daily active players.
The AXS token is the native token of the Axie Infinity game. It can be used to trade within the Axie Infinity Metaverse.
2. Decentraland (MANA)
Decentraland is a blockchain-based virtual world enabling people to create experiences within the Metaverse. Users can purchase virtual plots of land in Decentraland and build experiences like space adventures, villages and more. Users can socialise, interact, learn, play, work and more in Decentraland just like they do in real world.
MANA is the native token of Decentraland that lets users purchase or trade LAND and pay for goods and services in the virtual world. The token can be used to purchase estates, avatars, wearables, and more through the Decentraland Marketplace.
3. ApeCoin (APE)
The Ape ecosystem consists of ‘The APE Foundation,’ The ApeCoin DAO,’ and the ‘Board.’
The APE Foundation facilitates decentralized, community-led governance. Its goal is to oversee the growth and development of the Ape ecosystem. The ApeCoin DAO enables its members to make critical decisions about the functioning of the Ape network. The Board is the special counsel on the APE Foundation that administers DAO proposals and serves the mission of the community.
APE is the native token for the collective, used for governance, utility, and incentivization.
4. The Sandbox (SAND)
Like Decentraland, Sandbox is a decentralized virtual gaming world in which players can buy digital plots of land called LAND and create experiences on top of them. In the Sandbox, game designers can create custom 3D NFTs to use across the ecosystem.
SAND is the native token of the platform and can be used to buy and sell NFTs and other in-game items. It is also used to participate in the governance of the platform.
5. Enjin Coin (ENJ)
The Enjin Coin is the native token of Enjin, a platform offering a suite of products to enable the development, trading, and monetization of NFTs. Its services include the Enjin Platform, Marketplace, Wallet, Beam, and other necessary tools and services. Its flagship product, the Enjin Network, is a social gaming platform that boasts over 20 million users.
ENJ is the native token of Enjin and is used to back NFTs and avail services on its platform.
Conclusion
Each of the projects mentioned above has been able to garner the attention of the masses in a very short span of time. There are several other Metaverse projects building great infrastructures. However, these projects making it to the list does not necessarily mean they are great investments. Moreover, each project has its own pros and cons, and they are all striving to build Metaverse, which is unknown yet.
FAQs
1. What Is Metaverse Token?
Tokens that are associated with metaverse projects are called metaverse tokens. These tokens can be used for governing the ecosystem, and they also have other utilities like buying assets, availing services within the ecosystem, etc. Some of the famous metaverse tokens are MANA (Decentraland), AXS (Axie Infinity), SAND (Sandbox), and ENJ (Enjin Coin).
2. Is Metaverse Coin a Good Investment?
Metaverse is a budding application of blockchain technology combined with AR and VR. Many big tech companies like Microsoft, Meta, and Apple are also contributing to the metaverse space. So it might be an excellent choice to invest in Metaverse coins after proper research.
3. What Is the Most Popular Metaverse?
Decentraland and Sandbox are two of the most popular metaverses. Most metaverse projects are based on real-life gaming experiences and therefore are very popular. They also allow you to buy, sell and rent digital plots of land and create marketplaces. Brands like Nike, Adidas, and Louis Vuitton already have stores in the metaverse.
