10 Metaverse Coins and Tokens You Need to Know About in 2022

This yr, cryptocurrencies and NFTs created ripples throughout industries. Extra not too long ago, metaverse grew to become the favorite buzzword amongst traders, manufacturers, and celebrities alike. With the rise in decentralized finance (DeFi) and the metaverse, a slew of metaverse cash and tokens too have come beneath the limelight, making important year-to-date beneficial properties. With 2022 simply days away, the yr forward is brimming with prospects for metaverse cash. 

What’s metaverse cash and tokens?

First issues first, what precisely is the metaverse? It’s a digital world that makes use of applied sciences like digital actuality (VR), augmented actuality (AR), and blended actuality (MR), to blur the road between the bodily and digital worlds. Within the metaverse, you possibly can roam round as avatars to attend conferences, go to live shows and occasions, meet and chat with associates, play video games, store, and a lot extra! 

Now, metaverse tokens and cash are the digital foreign money folks use within the metaverse. Think about going to a procuring advanced in the true world. You’ll must pay fiat foreign money to purchase garments, to observe a film, or to play video games. In the identical means, you want metaverse tokens for any form of transaction throughout the digital world. As metaverses are primarily based on blockchains, the transactions are safe and occur nearly instantaneously. 

Most digital worlds have their very own native tokens, both within the type of cryptocurrencies or NFTs. A few of these include added utilities like governance rights. Alternatively, you possibly can change these for fiat currencies. Whereas some metaverse cash can be found solely on their corresponding digital world, you should purchase some from standard exchanges as effectively.

 

Why the sudden hype in metaverse tokens and cash?

Whereas metaverses and their varied tokens and cash will not be new, it was Fb’s rebranding to Meta and the next transfer into the metaverse this yr that put it beneath the highlight. The announcement shot up the worth of metaverse cash in a single day. Since then, varied metaverse gadgets like digital actual property have been promoting like hotcakes. Just lately, the Metaflower Tremendous Mega Yacht NFT was even offered for about $650,000! The metaverse fever is much from over and it’s solely going to get greater and higher in 2022. 

10 Metaverse cash and tokens to observe in 2022

With regards to metaverse tokens, the sky is the restrict! With so many choices to select from, it may be daunting to choose the perfect ones. That’s why now we have curated a listing of the highest metaverse cash for you (in no specific order)! 

1. Decentraland (MANA): The highest metaverse token

Market Cap: $7.15 billion
YTD Efficiency: 4872.8%

Decentraland has established itself as one of the crucial standard metaverses at the moment out there. It’s a fully decentralized 3D digital world the place folks purchase parcels of LAND to arrange galleries, video games, casinos, and extra. The metaverse relies on the Ethereum blockchain and is a favorite amongst many. It thus comes as no shock that Decentraland’s native token, MANA, at the moment has the very best market capitalization of $7.15 billion, in line with CoinMarketCap. There’s a whole of two.2 billion MANA in provide, with 1.8 billion in circulation. On the time of writing, it was buying and selling at $3.93.

MANA is on the market for buy on crypto exchanges like Binance and Huobi Global. Alternately, it may be stacked on decentralised exchanges (DEX) corresponding to Uniswap or Sushiswap. Inside Decentraland, you should utilize MANA to buy LAND (NFT), equipment, collectibles, and varied different belongings. 

Moreover, you possibly can lock your MANA in a WMANA contract to create a ‘wrapped MANA’, or WMANA, which can’t be traded. Every unit of WMANA provides you one voting energy within the Decentraland DAO. 

2. Axie Infinity (AXS)

Market Cap: $6.77 billion
YTD Efficiency: 19051.5%

Axie Infinity Shards or AXS is the native governance token of Axie Infinity, the most important play-to-earn recreation. Within the recreation, which is kind of much like Pokémon, gamers should buy, promote, commerce, and breed digital monsters known as Axies. Every Axie is a novel NFT that gamers can use to battle others and earn AXS as rewards. They’ll additionally commerce Axies and different in-game gadgets on marketplaces. Axie Infinity grew to become so standard that it was probably the most traded NFT assortment in Q3 2021, amassing $2.08 billion in that interval alone.

The sport’s rising reputation additionally led to AXS taking the crown as one of many largest gaming cryptocurrencies. As per CoinMarketCap, AXS is buying and selling at a whopping $111.21, with a market cap of $6.77 billion (on the time of writing). Being a governance token, AXS holders get to vote on varied selections within the recreation’s ecosystem. You should purchase the token from numerous exchanges together with Binance, Upbit, and FTX.

3. The Sandbox (SAND)

Market Cap: $6.18 billion
YTD Efficiency: 17581.3%

The Sandbox is one other extremely valued metaverse on the Ethereum blockchain. As with MANA, The Sandbox’s ERC-20 token, SAND, is used for all transactions throughout the digital world. It additionally has two different tokens: LAND, which is digital actual property, and ASSETS, that are tokens developed by the gamers. Presently, the SAND token is priced at $6.71, with a 24-hour buying and selling quantity of $1.22 billion. 

On this 3D metaverse, you possibly can commerce LAND, take pleasure in gamified experiences corresponding to video games and challenges, and earn rewards. Furthermore, you should utilize its instruments like VoxEdit and Recreation Maker to create ASSETS and 3D video games. The Sandbox boasts of internet hosting well-known corporations like PwC Hong Kong, Adidas, and celebrities like Deadmau5 and Snoop Dogg. Somebody even paid over $450,000 to be Snoop Dogg’s neighbour within the metaverse! After a profitable Alpha season one, the digital world is all set for its second Alpha season. 

4. My Neighbor Alice (ALICE) 

Market Cap: $473.17 million

Presently buying and selling at $15.61, ALICE, the native cryptocurrency of blockchain recreation, My Neighbor Alice, is one other scorching metaverse coin to observe available in the market. In response to CoinGecko, the token grew 30.4% within the final seven days, with a 24-hour buying and selling quantity of $156.7 million. Whereas it has a complete provide of 100 million, the circulating provide is 30.6 million.

My Neighbor Alice is a Chromia blockchain-based multiplayer farm and builder recreation set to launch in Spring 2022. It permits gamers to purchase digital islands, accumulate and construct varied gadgets, and meet associates. They’ll use the ALICE token to buy recreation gadgets, earn staking rewards, and take part within the governance course of to resolve on using income and recreation growth. Apart from, gamers can earn the token by collaborating in several in-game occasions. If all goes effectively with the sport, the ALICE token could possibly be one of many prime tokens subsequent yr!

5. Theta Community (THETA) 

Market Cap: 5.71 billion
YTD Efficiency: 243.1%

Theta Network is a decentralized video streaming community primarily based on the native Theta protocol. It permits customers to observe movies and earn rewards, within the type of Theta Gasoline (TFUEL) tokens, for sharing the movies with others. An open-source platform, it additionally targets builders desirous to launch DApps. That’s not all! Video platforms can also use Theta to decrease their video supply price and enhance viewer engagement in addition to promoting and subscription revenues. Moreover, Theta Community boasts of a stellar lineup of companions together with Google, Binance, Blockchain ventures, Gumi, Sony Europe, and Samsung. 

The platform’s governance token, Theta Token (THETA), permits holders to participate in varied governance duties within the community. Holders can stake the token to earn TFUEL, which can be utilized for on-chain operations. On the time of writing, THETA was buying and selling at $5.70.

6. Enjin Coin (ENJ)

Market Cap: 2.73 billion
YTD Efficiency: 2159.4%

Enjin Coin (ENJ) is a token from Enjin, an ecosystem of blockchain-based gaming merchandise based in 2009. Its principal product is the Enjin community, which permits customers to create and handle their very own NFTs. In response to its website, ENJ is an “Ethereum-based cryptocurrency used to again the worth of next-gen fungibles and NFTs.” It was first introduced in 2017 and launched on Ethereum in June 2018. 

Primarily, ENJ is used to again the worth of blockchain-based digital belongings. Each asset minted on the Enjin platform has ENJ locked inside NFTs and faraway from circulation. This comes with a slew of advantages together with on the spot liquidity, shortage, utility, and extra. Apart from, customers can “soften” (or destroy) their belongings any time to get again ENJ. For these causes and extra, ENJ is a vital metaverse coin to contemplate investing in in 2022. Presently, a single ENJ prices $3.22.

You should purchase ENJ from Crypto.com, Binance, Blockchain.com, Voyager, Kriptomat, Swissborg, Bithumb, and Gemini. 

7. Efinity Token (EFI)

Market Cap: $209.06 million

Enjin has additionally developed Efinity, a cross-chain blockchain constructed on Polkadot for NFTs. The blockchain goals to resolve issues with current blockchains like excessive gasoline charges and low scalability. Efinity is environment-friendly, provides low transaction charges, quick transactions, and is cross-chain suitable. A significant spotlight of the blockchain is that it rewards community customers with the Efinity Token (EFI). Within the firm’s personal phrases, EFI is “designed to gas a decentralized Metaverse.”

EFI has a complete provide of two billion and a circulating provide of 169 million. On the time of writing, it price $1.22 per token, with a 24-hour buying and selling quantity of $11.7 million. Whereas EFI is at the moment a small participant in comparison with different tokens, its valuation is more likely to soar subsequent yr.

8. Verasity (VRA)

Market Cap: $199.4 million

Based in 2018, Verasity is a protocol and product layer platform for Esports and video leisure. It provides a spread of merchandise for a number of industries, together with the VRA rewards system integrated into SDKs for main video platforms like YouTube and Vimeo. All its merchandise are constructed on its distinctive patented Proof of View system, which makes use of blockchain-powered AI to detect on-line advert fraud. 

Moreover, it provides VeraWallet, a blockchain pockets for VRA tokens. VRA is the principle foreign money to participate in Verasity’s on-line gaming and video economic system. Customers can stake the tokens to earn 25.55% VRA rewards per yr. Customers can even earn VRA by collaborating in varied actions within the VRA community, together with watching rewarded content material. On the time of writing, VRA was buying and selling at $0.045, up over 15.76% within the final 24 hours. With esports and the video leisure trade booming, VRA is more likely to cross $1 within the close to future, in line with CoinMarketCap.

9. Alien Worlds (TLM) 

Market Cap: $238 million

No metaverse coin listing is full with out mentioning Trilium (TLM), the in-game foreign money of Alien Worlds. A DeFi metaverse on the Ethereum, WAX, and Binance Sensible Chain blockchains, Alien Worlds relies on exploration and mining. The gameplay is fairly easy—gamers are ‘explorers’ that go to completely different planets to mine TLM utilizing their instruments. Gamers can then use the coin to purchase NFTs, change it for fiat, or stake it for voting energy. 

The sport provides varied NFTs corresponding to land, instruments, minions, weapons, and avatars. If you happen to personal land, you possibly can earn a rental fee when somebody mines in your property. Alternately, you possibly can take part in battles to win TLM. Presently, the TLM token prices $0.23, with a 24-hour buying and selling quantity of $112 million. You should purchase the coin on Binance, PancakeSwap, and FTX, amongst others.

10. EPIK Prime (EPIK)

Market Cap: $75.3 million

EPIK Prime is an NFT platform that works with AAA gaming corporations, leisure IP giants, and types to create digital belongings and marketplaces. The corporate helps deliver manufacturers into video video games by creating distinctive in-game gadgets. Anybody can develop into an EPIK Prime member to get entry to superior high quality in-game gadgets and NFTs. For this, it’s important to purchase EPIK tokens. By staking the token, you too can improve your membership and revel in a number of advantages. 

You should purchase EPIK tokens from PancakeSwap, Uniswap and Huobi. At present charges, every token will price you $0.32.

Earlier than investing in metaverse cash

Metaverse is the longer term—even massive companies agree. With regards to investing in metaverse tokens and cash, it goes with out saying that early movers are more likely to reap most advantages. Take MANA for instance. From $0.007 about 4 years in the past, the token’s value has jumped 46045.35%. That’s a 14002.76% ROI for many who invested on the time!

Nonetheless, that is an especially risky market the place costs can drastically fluctuate and include dangers of giant losses. Thus, if you’re planning to take a position, do your due diligence and ensure you perceive the market extraordinarily effectively.