Metaverse and cryptocurrency seem to be two concepts that go hand in hand. Both are an integral part of “web3”, the third generation of the Internet, after web1 (the World Wide Web), and web2 (social media). This new version of the internet is more experimental and engaging, and includes virtual and augmented reality (VR/AR) to create immersive 3D environments.
Cryptocurrency and metaverse are separate concepts, which can exist without each other – like Bitcoin, which has utility in the real world and the virtual world. And many of the metaverse insights only tangentially include cryptography and the blockchain. However, there is clearly a potential synergy between these two concepts.
In fact, people like to spend money. Shopping soon became a major feature of web1 and web2. So there is no reason why web3 should be any different. While no one knows exactly what form the metaverse will take, it will have a huge impact on how the cryptocurrency will evolve.
By investing in the metaverse now, you will be entering an innovative niche market that is still in its infancy. You will have the opportunity to purchase the metaverse token of your choice and diversify your portfolio with long-term crypto investments. Let’s take a closer look at what the cryptocurrency metaverse is, the best metaverses to buy, and the different platforms available to buy from.
What is Crypto Metaverse?
metaverse refers to a emerging technology Which provides access to realistic, realistic experiences in the virtual world. It can be a virtual hub where you can browse real world products and make a purchase, all without leaving your home.
metaverse Not exclusive to cryptocurrency and blockchain technology. Big companies like Meta are also pumping billions of dollars into this phenomenon. At the forefront of high value cryptocurrencies are Decentraland, Sandbox, and Axie Infinity.
In order for metaverse products and services to be bought and sold, it is required to use the platform’s native cryptocurrency. By investing in the native cryptocurrency of your chosen metaverse project, you can achieve financial gain If the value of the token increases.
Things to know before investing in cryptocurrency
Here are the most important points to consider before investing in cryptocurrency.
The metaverse is open to all
metaverse advocates Virtual worlds accessible to everyone. For example, you can watch a movie in a movie theater in New York without having to leave your home, no matter where you live. he will not be there There are no judicial restrictions For those who want to deal with the metaverse. Thus, the global demand for metaverse projects could be of significant magnitude.
virtual real estate
Metaverse platforms such as Decentraland and Sandbox have created a new and innovative concept – in which users can Buy virtual land and build real estate.
You have two ways to earn from the best metaverse cryptocurrencies. On the one hand, you can look To buy the original digital currency of the project. On the other hand, you can buy virtual real estate and build your own properties to sell on the open market. You should know that this industry is still in its infancy. Assessment of the collective cryptocurrency marketthat operate in this space is still relatively young.
According to CoinMarketCap, there is currently slightly less 200 cryptocurrency metaverses that you can buy. In this list, fewer than 10 projects have a market value of more than $500 million. From an investment perspective, this means that you can invest in a Small cover Metaverse for a small amount of money. And if it does take off, the potential for a hike could be enormous. An additional advantage of investing in the metaverse cryptocurrency is that it is It is relatively easy to create a diversified portfolio.
Keep a close eye on identification platforms
It is important to consider the risk factor for identification platforms. Social media giant It alone has nearly $50 billion in cash reserves. This means that it has the necessary firepower Dominate the entire metaverse ecosystem. The Meta platforms (Facebook, WhatsApp and Instagram) are home to billions of daily active users. As a result, they already have a major market ready to take off.
Crypto Metaverse to Buy in 2022
Here are some of the most in-demand cryptocurrencies from the Metaverse with high returns in 2022.
Decentraland is at the top of the list
It was launched in 2018, Decentraland has taken the lead in the metaverse race. This major metaverse project is built on top of the Ethereum Blockchain. It offers users around the world a Virtual gaming 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 cryptocurrency, MANA. Basically, all transactions that occur in the Decentraland game must be executed in MANA. Some of the most lucrative deals made include the purchase of land and virtual real estate, which often sell for more than $1 million.
It is possible to buy and sell in-game items to enhance the Decentraland experience. In terms of market performance, Decentraland . was At just $0.025 when it debuts In the public markets in 2018. In November 2021, the same metaverse cryptocurrency It made an all-time high of $5.90.
Invest in Sandbox
In direct competition with Decentraland is the Sandbox. The latter released its first game in 2012. Since then, it has done so It expanded its business model to focus on the metaverse. Built around the Ethereum blockchain, it allows you to create, earn and exchange in-game items.
Like Decentraland, this includes an extension Possibility to buy virtual land and building real estate. After that, it can be sold on the open market. The Sandbox contains its original digital currency, called sand.
According to CoinMarketCap, SAND was first listed on public exchanges in mid-2020 at Initial price of $0.051 per token. Reached a record high in November 2021, Exceeds $8.44. Thus, in a year of trading, increased Its symbolic value is more than 16000%.
Axie Infinity, the metaverse cryptocurrency for Play-to-Earn games
For those who are not familiar with this concept, play games provide to earn the opportunity to Generate rewards When certain tasks are completed. It encourages users to get involved in the broader Axie Infinity ecosystem.
Basically, the goal is Collect and raise digital pets. Once minted, it 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 original code, The AXS. When AXS launched in early 2020, you’d just pay $0.15 per token. And in November 2021, the same symbol reached its highest levels $165. This explains it Growth of nearly 110,000%.
Wilder World, Low Gem
This project allows users Purchase and create a variety of custom game items. This includes everything from land, apartments, statues, etc. All will be represented by tradable NFTs.
In April 2022, this top-tier cryptocurrency was published Market capitalization less than 150 million dollars. This is just a small part of projects like Decentraland and Sandbox. But Wilder World may be one of the best metaverse cryptocurrencies that can be bought for the potential rally.
Enjin Coin, Cheap Metaverse Coin
Founded in 2017, Enjin . offers global database Which allows users to manage and store digital gaming products in a safe and secure manner. Additionally, the platform makes the process of buying and selling NFTs seamless, with an easy-to-use mobile app that accompanies QR codes.
At the end of 2021, Enjin announced that it would collect $100 million to fund his metaverse journey. This promising Metaverse token has experienced a strong price uptrend since it was listed on public exchanges in 2017.
Render Token, a growing project
Metaverse platforms Lots of GPU space. After all, some major metaverse players process a large number of transactions every second, which increases the throughput that the underlying blockchain has to process.
This results in constantly increasing transaction fees and slow processing times. This is where the Render Token comes in. The project presents a Distributed GPU Rendering Network which can be used by all metaverse projects. The token was launched in 2020 at a price $0.05. Since then, the Render icon has reached heights $8.76.
Where to buy metaverse crypto coins?
The answer to this question It will depend on your project. For example, major coins with a large market value are often hosted in Some of the best cryptocurrency exchanges in the space. But if you are looking for a new recently launched Metaverse cipher, you may need Use of decentralized exchange. However, the best places to buy coins in a safe, easy to use and inexpensive way are eToro And the Binance.
Buy metaverse cryptocurrency from eToro
By opening an account with this broker, you can buy metaverse coins from a The minimum transaction size is only $10. With a $50 deposit, you can fork through five metaverse tokens.
In addition, eToro is Authorized and regulated by the SEC and registered with FINRA. So you don’t have to worry about the security of your investments in the metaverse. In addition, eToro allows you to access files Dozens of other digital currencies and even thousands of stocks. We also appreciate eToro for its profile Simple deposit process, which covers e-wallets such as Paypal, debit/credit cards, and ACH. all Deposits and withdrawals are processed in US dollars for free.
Buy metaverse cryptocurrency on Binance
Binance is one of the cryptocurrency exchanges The most famous in the world. Beyond encryption, the platform advances A suite of other financial management tools to its users. Binance supports more than 350 cryptocurrencyincluding many metaverse tokens.
Deposit a security in USD through A E-wallet transfer Or a bank transfer on Binance. Users are encouraged to Check Fiat Available Channels And choose the desired currencies. Buy your favorite metaverse cryptocurrency via Buying a user wallet Or directly with a credit / debit card.