The metaverse and cryptocurrency seem to be concepts that go hand in hand. Both are an integral part of “web3”, the third generation of the Internet, after web1 (the worldwide web) and web2 (social media). This new version of the web is more experiential and engaging, incorporating virtual and augmented reality (VR/AR) to create immersive 3D environments.
The metaverse and cryptocurrency are separate concepts that can exist without each other, like Bitcoin, which can be used in both the real world and the virtual world. And many visions of the metaverse only relate tangentially to crypto and blockchain. However, it is clear that there is a potential synergy between these two concepts.
Indeed, people like to spend money. And shopping quickly became an important feature of web1 and web2. So there is no reason for web3 to be different. While no one knows exactly what form the metaverse will take, it will have a significant impact on how cryptocurrency evolves.
By investing in the metaverse now, you are entering an innovative niche market that is still in its infancy. You will be given the option to buy the metaverse token of your choice and diversify your portfolio with long-term crypto investments. Let’s take a closer look at what a metaverse crypto is, the best crypto metaverses to buy and the different platforms available to buy it from.
What is a crypto metaverse?
The metaverse refers to a emerging technology that provides access to tangible real-world experiences in the virtual world. It can be a virtual shopping center where you can browse real products and make a purchase, all without ever leaving your home.
the metaverse is not exclusive to cryptocurrency and blockchain technology. Large companies like Meta are also pouring billions of dollars into this phenomenon. At the forefront of highly valued metaverse cryptocurrencies are Decentraland, Sandbox, and Axie Infinity.
To buy and sell metaverse products and services, the platform’s native cryptocurrency is required. By investing in the native cryptocurrency of the metaverse project you have chosen, you can make financial gain if the value of the token increases.
Things to Know Before Investing in a Crypto Metaverse
These are the key points to consider before investing in a crypto metaverse.
The metaverse is open to everyone
The Metaverse Advocates virtual worlds accessible to everyone. For example, you can watch a movie in a New York cinema without having to leave the house, no matter where you live. There won’t be no jurisdiction restrictions for those who want to deal with the metaverse. The global demand for metaverse projects could thus be of considerable magnitude.
Virtual real estate
Metaverse platforms such as: Decentralland and sandbox have created a new and innovative concept. It allows users to buy virtual land and then build real estate.
To take advantage of the best metaverse cryptocurrencies, there are two options. The first option is to buy native digital currency of the project. The second solution is tobuy virtual real estate and build your own properties to sell on the open market. It should be noted that this industry sector is still in its infancy. The collective market rating of digital currencies operating in this space is still relatively low.
According to CoinMarketCap, there are currently just under 200 metaverse cryptocurrencies to purchase. On this list, fewer than 10 projects have a market cap of more than $500 million. From an investment perspective, this means that it is possible to invest in a small cap metaverse with a small amount of money. And if it takes off, the upside potential could be huge. An additional advantage of investing in crypto metas is that it is relatively easily create a diversified portfolio.
Keep a close eye on Meta Platforms
Be aware of the risks of Meta Platforms. This social media giant alone has about $50 billion in cash reserves. It therefore contains the driving force needed to dominate the entire ecosystem of the metaverse. The Meta Platforms (Facebook, WhatsApp and Instagram) are home to billions of daily active users. Therefore, they already have a consumer market ready to operate.
Metaverse Cryptocurrency Coins to Buy in 2022
Here are some of the most in-demand high-return cryptocurrencies from Metaverse in 2022.
Decentraland, top of the list
Launched in 2018, Decentraland has taken a lead in the metaverse race. This premier metaverse project is built on top of the Ethereum Blockchain. It offers users around the world a virtual game experience. In addition, users can create and customize their characters, chat with other users and explore the ever-changing world of Decentraland.
From an investment perspective, Decentraland has: its own cryptocurrency, MANA. Basically, all transactions that take place in the Decentraland game must be done in MANA. Some of the most lucrative deals made are land and virtual real estate purchases, often selling for more than a million dollars.
It is possible to buy and sell in-game items to enhance the Decentraland experience. In terms of market performance, Decentraland was: priced at just $0.025 when it first appeared on the public markets in 2018. In November 2021, the same metaverse cryptocurrency reached all-time highs of $5.90.
Invest in Sandbox
In direct competition with Decentraland is the Sandbox. The latter released its first game in 2012. Since then, the expanded its business model to focus on the metaverse. It is built around the Ethereum blockchain and allows you to create, earn and exchange in-game items.
Like Decentraland, this includes the possibility to buy virtual land and building real estate. These can then be sold on the free market. The Sandbox has its own native digital currency called SAND.
According to CoinMarketCap, SAND was first listed on public exchanges in mid-2020 to an initial price of $0.051 per token. It reached a record high in November 2021, over $8.44. So, in a year of trading, it increased its symbolic value is more than 16,000%.
Axie Infinity, a Metaverse Cryptocurrency for Play-to-Earn Games
For those unfamiliar with this concept, play-to-earn games offer the ability to: generate rewards when certain tasks are completed. And it encourages users to participate in the wider Axie Infinity ecosystem.
In principle, the aim is to collect and raise digital pets. Once struck, this can be represented as a single NFT, which in turn can be sold on the open market. Axie Infinity is built on the Ethereum blockchain.
Axie Infinity has its own native token, the AXS. When AXS launched in early 2020, you only paid $0.15 per token. And in November 2021, the same token reached highs of over $165. This is explained by growth of almost 110,000%.
Wilder World, a low capitalization gem
This project allows users buy and create a variety of custom game items. This includes everything from land, apartments, statues, etc. All are represented by tradable NFTs.
This top-notch metaverse cryptocurrency was posted in April 2022 a market cap of less than $150 million. That is only a fraction of projects such as Decentraland and the Sandbox. But Wilder World is arguably one of the best metaverse cryptocurrencies to buy for upside potential.
Enjin Coin, a cheap metaverse coin
Founded in 2017, Enjin offers: a global database that allows users to securely manage and store digital gaming products. In addition, the platform makes buying and selling NFTs seamless, through an easy-to-use mobile app that accompanies QR codes.
At the end of 2021, Enjin announced that it would be collecting $100 million to fund his metaverse journey. This promising Metaverse token has seen a strong upward price trend since its listing on public exchanges in 2017.
Render Token, a growing project
Metaverse platforms require: a significant amount of GPU space. After all, some of the major metaverse players process a large number of transactions every second, increasing the throughput that the underlying blockchain has to process.
This results in increasingly higher transaction costs and slow processing times. This is where Render Token comes in. The project offers a distributed GPU rendering network which can be used by all metaverse projects. The token was launched in 2020 at the price of just $0.05. Since then, Render Token has reached a height of $8.76.
Where to buy metaverse cryptocurrencies?
The answer to this question will depend on your project. For example, large metaverse coins with a large market cap are often hosted in some of the best crypto exchanges in the space. But if you’re looking for a new Metaverse crypto that launched recently, you might need: use a decentralized exchange. Nevertheless, the best places to buy metaverse coins in a safe, easy-to-use and inexpensive way are: eToro and Binance.
Buy metaverse crypto from eToro
By opening an account with this broker, you can buy metaverse coins, from a minimum transaction size of only $10. With a $50 deposit, you can branch out across five metaverse tokens.
In addition, eToro authorized and regulated by the SEC and registered with FINRA. So you don’t have to worry about the security of your metaverse investments. In addition, eToro gives you access to: dozens of other digital currencies and even thousands of stocks. We also value eToro for its easy deposit process, which covers e-wallets such as Paypal, debit/credit cards and ACH. all the Deposits and withdrawals in USD are processed for free.
Buy metaverse crypto on Binance
Binance is one of the cryptocurrency exchanges most popular in the world. In addition to crypto, the platform offers: a range of other financial management tools for its users. Binance supports more than 350 cryptocurrenciesincluding many metaverse tokens.
Make an escrow deposit in USD via a transfer via e-wallet or a bank transfer on Binance. Users are encouraged to: check available fiat channels and selecting the desired fiat currencies. Buy your favorite metaverse cryptocurrency via the purchase of a user wallet or directly with a credit/debit card.