The Metaverse contains virtual worlds in which people can do most of the things doable in real life. These include working, having fun, shopping, exercising, fighting and socializing. They can also engage in business activities. Among these activities include buying art, land and even attending concerts.
Since their emergence, Metaverses remain the rage in the cryptocurrency and blockchain spaces. In fact, there are many Metaverse assets that have shown notable growth in price. This has made them all the more interesting for traders and investors. The potential disruption Metaverses hold across the various blockchain networks is intriguing.
Metaverse-related cryptocurrencies have displayed notable price actions. In turn, traders have identified what seems to be a sustainable trading momentum. At the top of this list are the 5metaverse-related tokens to watch.
Decentraland crypto is a 2016 launched project by Argentinian developers. The intention was to provide a virtual gaming platform. Decentraland operates on an Ethereum-based blockchain. It enables users in creating, experiencing, and monetizing their content. This is achievable absent any difficulties or inconveniences. Gamers own part of the LAND, which is 16 X 16 NFT by Decentraland.
The native token for the Decentraland ecosystem is MANA. This is an ERC-20 token that serves for all related transactions. The token has extensive use cases, enabling gamers to buy avatars and wearables. They can also buy names through the token. You can buy MANA tokens on both centralized and decentralized exchanges. Otherwise, you can get them through swapping services.
Sandbox is also another token to watch out for on the Metaverse. Its native crypto is SAND, designed by Pixowl in 2012 on the Ethereum platform. Different from other play-to-earn games, Sandbox gamers can become in-game characters. They have the ability to engage in trading and selling items on NFT LAND. Gamers also have creating, sharing and asset monetizing capabilities within the Sandbox ecosystem.
By playing the Sandbox game, players can get SAND tokens on several exchanges. These include Binance, OKEx, CoinTiger, and FTX. The token is also available on both decentralized and centralized exchanges.
Axie Infinity (AXS)
Adding to the list of tokens to watch on the Metaverse is Axie Infinity’s AXS. Axie Infinity has attracted global popularity within the crypto environment. This is credit to the amazing features it provides on the Metaverse. These include an interactive play-to-earn feature that operates in a smooth way. Most users look at AXS as an easy money-maker presenting enjoyable gaming experiences.
The governance token for this NFT-based digital game is AXS. Axie Infinity game runs on the ETH blockchain. It allows players to engage in battling and trading activities. The trading items on the Axie Infinity ecosystem are Axies. Axies are cute-looking NFT pets with monetary value.
Enjin Coin is making notable steps in performance. It has earned a spot in the list of high ranking Metaverse tokens. Enjin runs on the Ethereum blockchain (ERC-20 token). Its native coin is ENJ and enables anyone to use NFTs. Brands, companies, individual users and even businesses can use NFTs through ENJ. This is in an easy and convenient way.
It is important to note that all NFTs created or associated with ENJ can use the ERC-1155 standard. This is somewhat different from the traditional ERC-721 standard.
Created in 2020, Gala Games is a play-to-earn gaming platform based on blockchain. Its goal is to transform game play by offering gamers control of their assets within the game. Gala Games offers many games. Each one provides gamers with recognized/valid ownership of in-game items via NFTs. As such, everything a gamer earns or wins within the games is theirs. These items will get represented as NFT token assets on the blockchain. Gamers can choose to trade the item or use it to play within the game. Among the in-game NFT assets for games to own in Gala Games is a special weapon.
GALA powers Gala Games. GALA is an Ethereum token and the native coin for the platform’s blockchain gaming. GALA is the medium of exchange for gamers in the Gala Games ecosystem. It can serve for paying for in-game items. GALA is also available on Coinbase.com
Metaverses are a virtual and augmented reality. They have a touch of social media and blockchain technologies. Metaverses create a desirable place to spend time. As virtual worlds, Metaverses also have virtual economies hence the need for money. Crypto tokens serve as virtual money within virtual environments.