The 12 Best Metaverse Crypto Coins to Invest in 2024

Blockchain metaverses are alive and well. These otherworldly projects are still in their infancy and, as the world moves slowly into virtual space, the best metaverse cryptos could one day become valuable. So, which ones are the best?

This page compares the best metaverse cryptos to keep an eye for. The tokens are part of new and existing ecosystems. We delved into these virtual realms to discover the ones that show the most potential.

Now we unpack them in this comparative guide.

Best Metaverse Coins to Invest in Now in 2024

Reviewing The Best Metaverse Crypto to Invest in

What is the Metaverse?

The Metaverse is a shared digital space where multiple people (users) can exist simultaneously, interact with one another, play games, work, shop, and carry out many of the activities that they already do online. In many ways, the Metaverse is the next iteration of the internet.

The concept was first coined in 1993 by a science fiction novelist, although it could be said that the Metaverse started when the internet became interconnected.

The first iteration of a Metaverse came in 2003 with Second Life, an adult virtual world with a thriving economy, and Robolox, an online platform where users can create games and play games created by others.

Minecraft, an open world where people could build experiences, buy materials, and trade tools items launched in November 2011. Since then, several games and open worlds have been launched including Fortnite, PubG, World of Warcraft, etc. However, they were all controlled by centralized entities.

The true revolution came with the invention of both Bitcoin and Ethereum. Bitcoin used blockchain technology to prove digital scarcity could exist, and Ethereum allowed people to build decentralized applications on a blockchain.

The major difference between blockchain-based Metaverses and others is that the ownership of items on blockchain-based Metaverses can be mathematically proven and no one can take them away from the owners.

What are Metaverse Crypto Coins?

Metaverse crypto coins are digital currencies that underpin blockchain-based Metaverses. They function like currencies in countries that facilitate economic activities. They are the currencies of various Metaverses.

It is these tokens that are used to pay for tools, goods, services, and everything a Metaverse has to offer. In many cases, the tokens have a fixed supply, so the more valuable the Metaverse, the more valuation is currency.

Some Metaverses use multiple tokens. For example, land in The Sandbox can be purchased using ETH in some cases while some items can be purchased using MATIC, the native tooken of the Polygon chain.

What Makes a Metaverse Crypto Project Great?

Solid technology: Technology here refers to infrastructure like blockchain networks and other tools that power the Metaverse. The ideal infrastructure should be secure, scalable, and decentralized.
Economics: For an open world environment to be a Metaverse, it must have internal economics built into the system that allows for the creation and flow of value within the environment.
User interaction: There’s no Metaverse without users. First, you need users to be on the platform, then you need them to interact with one another.
Interoperability: Great Metaverse projects should be interoperable. How the project intends to go about this differs. For example, Sandbox provides an infrastructure for various people/companies to build games and experiences.
Governance: There should be a transparent system of governance to ensure that the community remains in control of the Metaverse.

Why Should You Invest in Metaverse Crypto Projects?

Profit Potential

The profitability of Metaverse crypto projects is tied to their use. It is believed that the Metaverse will usher in the next version of the internet, an interactive space where users have unique identities and verifiable ownership of digital items.

Whichever project can capture even a fraction of the potential earnings from this venture will be very profitable.

Digital Ownership

A core tenet of the Metaverse is digital ownership. The earlier you are in this field, the cheaper it is to pick up what may someday become valuable tools or virtual real estate. You’d get the jump on the majority of the population.

Decentralization

Crypto Metaverse projects are usually decentralized, but there are other Metaverses that are centralized. Investing in decentralized Metaverses helps promote decentralization and all its benefits.

How to Buy Metaverse Coins - Step-by-Step Tutorial

1. Open an Account

Go to the eToro website and click on the Start investing icon to create an account. Alternatively, you can download the mobile app from the Play Store/App Store and click on Sign up. Fill out the form with your full name, email address, and password.

2. Verify Your Account

Next, verify your account with personal details like your date of birth and a passport photo, after which submit KYC documents. These documents include proof of ID (National ID or driver’s license) and proof of residence (utility bill).

3. Make A Deposit

Once your account has been verified, click on Deposit funds on the left pane of the page. The deposit options available will be displayed. Choose a convenient method from the drop-down menu and set the amount you’d like to deposit.

4. Buy A Metaverse Crypto

Once your account is funded, search for any Metaverse crypto in the Discover tab. An interface like the one below should load. You can then set your parameters and buy.

Where to Buy New Metaverse Coins

To get your hands on cheap cryptos like Chancer that are not yet listed on exchanges, you’ll have to purchase them directly on their websites using a crypto wallet. We created a guide to help you do that.

Step 1: Download a Wallet

We used Trust Wallet for this guide. Download the Trust wallet app on your phone or use the web platform via a browser extension on your laptop. Create a new wallet. Ensure you keep your seed phrase safe and offline.

Step 2: Buy Some Crypto

You’ll need BNB to buy new Chancer tokens. Buy some on an exchange like eToro and transfer to your wallet, or use a fiat onramp on the wallet app. You can connect to a merchant on the Binance p2p market directly from the wallet app.

Step 3: Connect Wallet

Navigate to Chancer’s website and connect your wallet to join the presale. You can do this from the in-built browser on the mobile app. Buy CHANCER tokens using BNB. Ensure you have enough to pay for gas fees.

Step 4: Wait To Claim

You’ll need to wait until the presale is over to claim your tokens.

Latest Metaverse Crypto News

Star Atlas launches a playable demo on Epic games store along with development tools for developers
Enjin merges Polkadot parachain Efinity and blockchain platform into one standalone blockchain to improve scalability
Gala Games burns over $600 million worth of GALA tokens in a tokenomics revamp

Final Thoughts on the Top Metaverse Crypto

We explored 16 of the most promising Metaverse projects and tokens in 2023 and our top choice was Metacade because of the potential it brings to gaming communities thanks to its integration with games and social features.

Although it is quite new and has some ways to go, its value propositions are unique and useful in a world of ever-advancing crypto games.

Some other great Metaverse projects include Sandbox because it has partnerships with some big brands in the movie and gaming industry, Enjin as it powers a new wave of games that integrate blockchain mechanics, and RMRK which is at the forefront of NFT technology.

Methodology - How We Picked the Best Metaverse Cryptos

The tokens covered in this guide were chosen through rigorous research and reviews. We paid attention to security, transparency, reputation, gameplay, tokenomics, and competitive edge.

The tokens listed are the best we found in the various categories we listed them. For example, we listed ApeCoin as the most anticipated Metaverse because the Otherside Metaverse is highly anticipated by its massive community.

Check out our why trust us and how we test pages for more information on our testing process.

FAQs

Which crypto are Metaverse?

Metaverse cryptos are tokens that are native to metaverse projects. These projects can be a direct gaming metaverse or open world, or could be metaverse-adjacent like tokens of projects that provide infrastructure like blockchains and NFT frameworks.

What is the best Metaverse crypto to buy?

The best on our list is MCADE from Metacade. However, the best metaverse crypto for you should be the one that belongs to your favourite metaverse. Always ensure that you check the coin’s tokenomics first as bad tokenomics can ruin good projects.

Where can you buy Metaverse coins?

You can buy Metaverse coins on centralised exchanges like eToro or on decentralised exchanges like Sushiswap.