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.
1. Alt Signals (ASI) – Best Services Ecosystem
2. Metacade (MCADE) – Best Web3 Gaming Community
3. Axie Infinity (AXS) – Overall Best Metaverse Crypto Option
4. Decentraland (MANA) – Best Open World
5. The Sandbox (SAND) – Best Metaverse Crypto for Building Experiences
6. Gala (GALA) – Most Enjoyable Metaverse Games
7. Enjin (ENJ) – Best Metaverse Integration
8. ApeCoin (APE) – Most Anticipated Metaverse
9. Vulcan Forged (PYR) – Best Metaverse Gaming Studio
10. Alien Worlds (TLM) – Most Played Metaverse Game
11. RMRK – Most Advanced NFT Standard
12. Wax (WAXP) – Best Web3 Gaming Blockchain
13. Star Atlas DAO (POLIS) – Best Metaverse Graphics
14. Illuvium (ILV) – Best Auto-battler Game
15. DeFi Kingdoms (JEWELS) – Best Metaverse with DeFi Integration
16. Render (RNDR) – Best Rendering Platform
Metaverse Token
Exchanges Listed
Blockchain Network
Market Capitalisation
Purpose
Where to Buy
Alt Signals (ASI)
None yet
Ethereum
Utility
Buy ASI
Metacade (MCADE)
MEXC
$19 million
Buy MCADE
Axie Infinity (AXS)
20+
Ronin
$989.11 million
Governance
Buy AXS
Decentraland (MANA)
22+
Ethereum, Polygon
$1.09 billion
Governance, Transactions
Buy MANA
The Sandbox (SAND)
21+
$1.16 billion
Buy SAND
Gala (GALA)
$298.85 million
Transactions
Buy GALA
Enjin (ENJ)
$283.48 million
Buy ENJ
ApeCoin (APE)
$1.55 billion
Buy APE
Vulcan Forged (PYR)
19+
Ethereum, Polygon, Wax
$76.43million
Buy PYR
Alien Worlds (TLM)
23+
Wax, Binance Smart Chain
$72.51 million
Rewards
Buy TLM
RMRK
3+
Polkadot, Moon River, Moon Beam
$17.73 million
Buy RMRK
Wax (WAXP)
17+
Wax
$153.99 million
Access
Buy WAXP
Star Atlas DAO (POLIS)
11+
Solana
$27.30 million
Buy POLIS
Illuvium (ILV)
Ethereum, Immutable X
$149.78 million
Buy ILV
DeFi Kingdoms (JEWEL)
5+
Harmoney, Avalanche, DFK, Klatyn
$9.39 million
Buy JEWEL
Render (RNDR)
$728.38 million
Buy RNDR
Alt Signals is a company that develops tools and services like bots and algorithms that automate or simplify the trading process. Its flagship product, a trading signals bot called AltAlgo, is already a market-leading algorithm.
We included Alt Signals on our list because, although it is not a traditional gaming metaverse, its new suite of features include a club where trading enthusiasts can come together to share ideas, participate in challenges, and enjoy some of the best services in the industry.
While it is not a game, its dynamic, open, and blockchain-based community satisfies much of the stipulations of a metaverse.
Alt Signals’ ecosystem is built on their next-gen product, an AI-powered crypto trading bot called ActualizeAI. It is an advanced version of AltAlgo that has been enhanced using AI, machine learning, and natural language processing.
The entire ecosystem will be powered by a native token called ASI. It will serve as proof of membership in the club and a payment conduit for the services. ASI holders will have access to the services and will be eligible for tournaments and awards.
Alt Signals caters to a specific subcommunity as not all retail crypto users are avid traders and not all avid traders are willing to dabble into crypto. The project will need to attract users at the intersection of crypto users and avid traders.
ASI has not been launched yet. It is still at the presale level where investors can buy at a discount to the listing price. To participate, visit the Alt Signals website.
Buy ASI Presale
Metacade is a new blockchain-based gaming community that brings together various stakeholders within the Web3 gaming space, from players to builders, reviewers, and enthusiasts.
We included Metacade on our list of best Metaverse crypto coins because its platform serves as a hub for various people to meet and interact, which is a core function of Metaverses. The project is also synonymous with crypto gaming, many of which have their own metaverses.
In many ways, Metacade is a meta-Metaverse as players from various Metaverses can meet and interact. However, a place to interact is not all that this project has to offer.
The platform will integrate with various popular crypto games and maintain leaderboards of the top players and the top games to foster healthy competition among players and builders.
It will also feature a reviews section where players can recount their gaming experiences. This will prove useful as a source of insights and feedback for builders.
Lastly, the platform will feature challenges and campaigns that will reward participants in its native Metaverse coin, MCADE.
Metacade is quite new and will need to go through rapid development to fully set up the integrations needed to provide a holistic community experience. This developmental period may cause fluctuations to the Metaverse crypto projects price.
MCADE has a total supply of 2 billion tokens, roughly 1.4 billion of which are already in circulation at a market capitalization of $35 million as of writing. When we tried comparing Metacade with other social gaming platforms, we found that they were limited to scholarships and guilds and did not have the extensive features that Metacade brings.
Buy MCADE here
AXS is the Metaverse crypto coin for the Axie Infinity universe where cute little creatures, called Axies, build, breed, and battle across several planes. Axie Infinity started out as a game on the Ethereum blockchain that ushered in the era of play-to-earn gaming.
You can buy Axies or their eggs, grow them, accessorize them, and then battle them against other people’s Axies to win AXS. You can also own virtual land to help grow and feed your Axies. All items are NFTs with verifiable proof of ownership.
We like Axie Infinity because its play-to-earn mechanics creates a win-win situation for everyone amongst Metaverse crypto coins projects. If you win battles, you earn money, the game gets a steady stream of active users, and the ecosystem grows as people come up with innovative ways to win battles.
The Axie Infinity universe runs on the Ronin blockchain, a blockchain dedicated to the Metaverse. It operates on the same standard as Ethereum and also uses the ETH coin to buy Axies, virtual land, and accessories.
To begin playing, you’ll need a team of at least 3 Axies which can be bought with Wrapped Ether (WETH) on the game’s marketplace. The price of Axies change with their power level, attributes, and the price of ETH.
As of writing, Axie Infinity has processed $3.6 billion in transactions and has 2.8 million daily active users. AXS also serves as a governance coin that grants its holders voting rights on proposals for the future of the universe.
AXS hit an all-time high of $150 in November 2021, but has since lost over 90% of its value as Metaverse coins are one of the first to fall during bear markets. Its 52-week high is around $71.44 while its 52-week low is around $6.02.
Axie Infinity is just one game in a sea of games, and a game’s current popularity doesn’t guarantee its longevity. Data has also shown a significant drop in player activity over the past two years. This may be due to the bear market, but it isn’t wise to put all your eggs in one game.
AXS has a total supply of 270 million coins, 114 million of which are in circulation. This means that more than 50% of the total coin supply is still locked away. As time goes on, these Metaverse coins will be released, which may create a sell pressure on the price of Metaverse tokens in the market.
You can buy AXS on exchanges like eToro.
MANA is the Metaverse coin for Decentraland, an Ethereum-based open world. Decentraland is a Metaverse in its true form as it provides a platform where users can congregate and do pretty much anything they want within virtual reality.
We love Decentraland because of the endless possibilities it creates. You can build an Avatar that represents you, buy virtual land and build experiences on it, invite your friends over and even charge for entry, all within a virtual world.
We’ve been to museums, pyramids, art galleries, and several places in Decentaland, including a game where we mined precious gems. All land, accessories, and items are ERC-721 NFTs, so your ownership is verifiable.
Decentraland has taken another step towards decentralization by creating a DAO (decentralized autonomous organization) that owns all the open world’s key virtual assets, including its smart contracts and content servers, and decides on the future of the project.
Anyone can belong to this DAO and vote on issues by holding Decentraland MANA in their decentralized wallets.
Everything purchased in the Decentraland Metaverse is done so with MANA, including land. The Metaverse tokens used to buy things end up being burned, creating perpetual utility provided the virtual reality open world retains users.
Decentraland has not secured as many partnerships as The Sandbox or drummed up as much anticipation as Otherside. While it’s the second most capitalized Metaverse, developers and investors seem to be more excited about Sandbox and Otherside.
MANA has a total supply of 2.19 billion tokens, 1.82 billion of which are in circulation. This means that 83% of its total supply of Metaverse crypto tokens is already priced. While future token unlocks can create sell pressure, mechanics like token burns have been put in place to gradually reduce the supply.
MANA hit an all time high of $5.12 in November 2021 and has since fallen to a recent low of $0.29. Its market capitalization currently sits at $1.3 billion, making it the largest Metaverse cryptocurrency token by market capitalization.
To learn more, read our Decentraland review. You can also buy MANA on a crypto exchange like eToro.
The Sandbox is an open world Metaverse project with a Minecraft look and feel. Like Decentraland, users can buy land, collectables, wearables and other items, create experiences, and trade items in the in-world virtual reality marketplace.
We like Sandbox because it provides a platform for builders, including large companies, to build full-fledged games. Once you purchase land, you can build pretty much anything you want, thanks to the custom builder.
Sandbox has attracted attention from major celebrities and brands. Game publishers like Atari and Animoca Brands have bought land in the Metaverse and own mega estates in Sandbox’s Metaverse and have built various digital “experiences” for fans.
Celebrities like Snoop Dog also own virtual real estate on which he has hosted concerts. Most available land parcels are listed on OpenSea, one of the major NFT marketplaces.
The native token, SAND token has been integrated into the platform and is used to transfer value throughout the Metaverse world. The token is needed to buy land, avatar accessories, gems, and other collectibles within Metaverse platforms.
The Metaverse cryptocurrencies can also be used to stake on land to earn a share of rewards from that land. It is used by creators to list their creations on the Metaverse platform marketplace, and for players to gain access to games and experiences.
The Sandbox is not the only Metaverse project that investors are looking forward to, and it will have to tussle for market share with other large top Metaverse coins and projects like Decentraland and Otherside.
SAND has a total supply of 3 billion tokens, 1.58 billion of which are in circulation. This means that there is still a sizable chunk of tokens that are yet to be released. This could cause significant sell pressure at future release dates.
The token reached an all time high of $7.51 in November 2021 and has since declined 94.8% to a recent low of $0.38.
You can buy SAND on exchanges like eToro.
Gala is a film, gaming, and music studio that produces immersive content. It started as a gaming studio called Gala Games, and although it has expanded to include other forms of entertainment, including an upcoming Metaverse, its gaming arm is still a core pillar.
We love how the gaming studio emphasizes blockchain technology games that are enjoyable. Gala’s games set themselves apart from the top Metaverse coins projects at a time when most blockchain games consisted of repetitive staking and yield farming tasks with no actual gameplay.
Then, most games felt like a series of DeFi activities that saw players grind for unsustainable yields rather than playing along an immersive storyline. Their flagship games, Spider Tank and Town Star, were a refreshing change to the blockchain gaming space.
Since then, the studio has included more games and has partnered with a movie franchise, The Walking Dead, to create a game along the same narrative as the hit series, which is currently in development.
Gala also implements play-to-earn mechanics in its games which rewards players for winning battles and completing challenges. Players can buy digital assets with Metaverse cryptocurrencies, items like weapons, tools, characters, skins, etc as non fungible tokens (NFTs) on the Ethereum blockchain.
Most items are paid for with the GALA token which serves as the major medium for transferring value within the Metaverse world ecosystem. However, some items can be paid for with Ethereum.
For quite some time, Gala’s tokenomics have been an impediment to its token’s growth. There were just too many tokens and too little utility to create sustainable demand. However, the studio implemented a new tokenomics model that resulted in the destruction of over $600 million worth of GALA tokens.
The studio believes that its new tokenomics and in-game mechanics will vastly improve its token situation. We are yet to see the long term effects of the new model.
You can buy GALA on exchanges like Binance.
Enjin is not a metaverse. It is a framework that allows game publishers to integrate blockchain mechanics with their games. This is mostly geared towards already existing game publishers, but can be used by all.
The Enjin team also developed an NFT standard called the ERC-1155 standard that allows for the creation of reversible NFTs that can be converted to ENJ tokens. These NFTs also have advanced features such as upgrades.
We love Enjin because it provides the technology to truly own in-game items across virtual worlds, games and Metaverses. We can buy a hammer in game A and use it in game B, provided both games use the ERC-1155 standard.
This brings a level of non fungible tokens interoperability that was non-existent before Enjin. The project has already gone to power the creation of 1.2 billion NFT assets and achieve a marketplace volume of roughly $4.4 million.
The ENJ token has a total supply of 1 billion tokens that are all in circulation. We do not expect any sell pressure from token releases, which is a good thing. However, it does not guarantee a price increase.
Several projects still use the ERC-721 NFT standard, and those that build on non-ERC blockchains do not use Enjin’s standard, hence we have not seen rapid growth in ENJ’s price since 2021.
So far, the token has traded within a range of $2.16 (52-week high) and $0.23 (52-week low), after reaching an all-time high of $4.14 in November 2021.
You can buy ENJ on exchanges like Binance.
ApeCoin is the official token for Yuga Lab’s ecosystem, which includes a Metaverse called Otherside. Yuga Labs rose to popularity after the success of its premium NFT collection, the Bored Ape Yacht Club (BAYC), often considered the gold standard of NFT (after Crypto Punks).
Note that ApeCoin is the token that powers all of Yuga Lab’s ecosystem (fondly called the Yugaverse), not just the Otherside Metaverse as Yuga Labs has a growing portfolio of projects including popular projects like the Mutant Ape Yacht Club (MAYC), Bored Ape Kernel Club (BAKC), and Meebits.
Otherside has not yet been released but has gathered a lot of attention as its parent company is a leader in the space and the BAYC collection include A-list celebrities, billionaires, influencers, and thought leaders.
In the meantime, ApeCoin serves as a medium of exchanging value within the rest of the Yugaverse and as a governance token for the ApeCoin DAO. It has a total supply of 1 billion tokens, 368 million of which are in circulation.
Not all tokens are in circulation so some sell pressure is to be expected at future token release dates but as long as the Yugaverse continues to provide value and successfully capture it using APE, the ecosystem will create enough demand to keep prices elevated compared to other Metaverse tokens.
You can buy APE on exchanges like Coinbase.
Vulcan Forged is a gaming studio with a suite of blockchain games and protocols like a decentralized exchange and NFT marketplace that make up a thriving ecosystem as one of the top Metaverse crypto projects.
The studio’s own Metaverse is called the VulcanVerse, a medieval-style massive multiplayer online role playing game complete with lore and in-game NFT tools and weapons. The entire ecosystem has around 126,399 unique users (112,259 active), and has processed about $2 million worth of transactions.
The PYR token powers the ecosystem by serving as a vehicle to capture and transfer value across all games. The Vulcan ecosystem is spread across the Ethereum blockchain and Polygon’s PoS chain, and PYR can be used in titles across both chains.
The digital world token has a total supply of 50 million tokens, 23 million of which are in circulation. Sell pressure could still be created by future token unlocks as less than half of all tokens are not yet on the market.
Public confidence in Vulcan Forged took a hit in December 2021 after a hack cost the ecosystem and investors $140 million worth of PYR tokens. While the team was able to replace the funds with money from the project’s treasury, the token fell 34% and has been on a decline since.
Nonetheless, Vulcan Forged is still among the top rated metaverse projects. Since the post-hack redistribution, PYR reached an all-time high of $18 in April 2022 but has since fallen to a low of $2.69.
You can buy PYR on exchanges like Coinbase.
Alien Worlds is a space-inspired NFT metaverse where players explore the galaxy, participate in planetary elections, and earn rewards by staking the game’s native currency, Trilium (TLM).
Digital assets in the Metaverse from lands to tools, weapons, and even characters are NFTs that can be bought and sold on the in-world marketplace.
The Metaverse is also spread out across three blockchain networks namely Ethereum, Binance Smart Chain, and Wax as explorers can visit various worlds, buy lands, and mine them for resources and TLM
We love Alien Worlds because of its ability to retain active users. Unlike several Metaverse projects and digital worlds whose activity levels grind to a halt during bear markets, this space Metaverse has sustained elevated user activity.
For example, the Metaverse saw 564,000 unique active wallets, 409 million transactions processing a volume of $3.23 million of crypto payments within the last 30 days of writing in a bearish market. We reckon that bullish market numbers will be even better.
TLM has a maximum supply of 10 billion tokens, 5.8 billion of which exist. The difference between maximum supply and total supply is that the former is the total number that can ever exist while the latter is the total number that already exists.
Of the total supply, 3.3 billion is in circulation, which means some sell pressure is to be expected at future release dates.
Alien Worlds’ tokenomics are inflationary, placing pressure on the Metaverse to retain users and value to match the tokens being released into the gaming ecosystem each year or risk losing significant value.
You can buy TLM on exchanges like OKX.
RMRK is an NFT standard that allows creators and developers to build interactive, upgradable, programmable, and forward-compatible NFTs. While not a Metaverse, the project shows tremendous potential in the realm of interoperable NFTs.
We love the technology behind RMRK. The NFT standard allows creators to program attributes into NFTs and change those attributes based on the actions of others. For example, you could change the attributes of your NFT using emoticons.
The NFT standard also allows you to nest NFTs within one another. You could buy a land NFT and a house NFT, and then transfer the ownership of the house NFT to the land NFT. So the land owns the house while you own the land.
Lastly, creators can deposit various resources into one NFT. For example, you could create an NFT of a sword with a 3D version in case the NFT is used in a 3D Metaverse, a card version in case it is used in a card-based game, and even a Super-Mario version in case it is used in a Super Mario-like game.
RMRK is available on the Polkadot and Ethereum ecosystems as the project pushes for cross-chain NFT composability.
Rmrk supports development on the Kusama chain and possibly other Statemine chains. Unfortunately, most developers in crypto use either Solidity, Rust, or Move. Hence, not a lot of developers actively use the Rmrk NFT standard.
RMRK has a total supply of 10 million tokens, 9.5 million of which are already in circulation. The token is used to create NFTs with the RMRK standard and is the native cryptocurrency of the Skybreach Metaverse.
As Metaverses grow and become multichain, the RMRK NFT standard could power a new wave of super-advanced NFTs and Metaverses.
You can buy RMRK on exchanges like Coinbase
Wax is a blockchain network that powers several Metaverses and NFTs. It is fast becoming the go-to protocol to launch Metaverse, gaming, and NFT projects as it provides the infrastructure to efficiently run them.
The Wax platform includes the blockchain, a decentralized marketplace, a decentralized virtual item generation and trading feature, and decentralized wallets. It started out as a store for digital goods and NFTs but has grown to power games.
We love Wax because of the infrastructure it provides to blockchain games. It hosts some of the most played blockchain games like Alien Worlds, Splinterlands, and the Forge Arena.
Wax also pioneered the trading of virtual in-real-life assets (vIRL). These NFTs are virtual representations of goods that exist in the real world. They could be baseball cards, collectibles, or even clothing.
These vIRLs can be traded on the blockchain easily without having to physically transport the real product. For example, a baseball card can be bought and sold several times on the Wax blockchain and only shipped once to the “final” owner.
Wax processes 23 million daily transactions made by 700,000 daily active users and is one of the most used blockchains for NFTs. We reckon that Wax stands to gain tremendously as the Metaverse front makes headway.
Wax is not one of the more popular blockchain networks. Even though its technology stack is superior to some blue chip networks, investors aren’t exactly excited to hold its WAX coins in their crypto cold wallet. The WAXP coin has a total supply of 3.77 billion tokens, 2.33 billion of which are in circulation.
You can buy WAXP on crypto exchanges like eToro.
Star Atlas is an ambitious space exploration game, complete with breathtaking graphics, lore, and an in-game financial ecosystem. Players explore the universe as a member of one of three factions (shown above), settle on planets, and vote in planetary DAOs.
We love Star Atlas because of the scale at which it is executed. It is one of the most ambitious blockchain Metaverse projects that moves beyond the conventional Minecraft-esque pixelated graphics to deliver high quality visuals using Unreal Engine 5.
However, we must mention that the project is built on the Solana blockchain which faced issues when FTX fell as it was closely affiliated with the former cryptocurrency exchange. Asides that, the project holds potential as the barrier for entry is low i.e. the most common spaceship, land, and resources are easily under $70.
Star Atlas runs a dual token system where POLIS is the token of the DAO that owns and manages the Metaverse’s assets like smart contracts, unsold NFTs, and servers. It has a total supply of 360 million tokens, 161 million of which are in circulation, so some sell pressure is to be expected in the future.
Unlike other Metaverse crypto coins, the token serves two major functions: external governance and internal influence. POLIS is needed to vote on governance proposals outside of the game, while in the game, it represents political influence that its holders can exert over certain regions.
Other projects that are building on Star Atlas’ scale have been building for years. If history is any indication, investors shouldn’t hold their breath.
You can buy POLIS on crypto exchanges like Coinbase.
Illuvium is a play-to-earn, auto-battler game and exploration Metaverse that follows lost humans on an alien planet filled with powerful creatures, called Illuvials, that can be bought, bred, and battled.
Illuvium is an immersive MMO with open-world, battle royale, and homesteading versions which are all linked in a Metaverse. It caters to all types of players and features great graphics.
The Metaverse is powered by the Illuvium token (ILV). However, in-game purchases are made with ETH, not ILV. The token is used for staking and in-game rewards. ILV has a maximum supply of 10 million tokens, 7.4 million of which are in existence and 2 million in circulation.
While the game shows potential, the ILV tokenomics seem inflationary. The fact that it cannot be used for in-game purchases gives players one less reason to hold on to it. Also, the fact that an overwhelming majority of tokens are not in circulation could lead to selling pressure in the future as other investors push to buy Metaverse crypto.
You can buy ILV on exchanges like Binance.
DeFi Kingdoms is one of the first Metaverse games to combine gaming mechanics with decentralized finance strategies. It is also one of the oldest play-to-earn games.
We love the game’s pixelated graphics and the way it gamifies otherwise boring DeFi activities. For example, planting trees in this game is the real-world equivalent of staking a liquidity token in a DeFi protocol.
So while you go on quests and complete tasks in the game, you are also investing your cryptos in protocols that yield returns playing games.
DeFi Kingdom possesses cross-chain features as it operates on the Avalanche, Harmony, DFK Chain, and Klatyn networks, creating deeper liquidity opportunities for players.
The ecosystem consists of the game, a DEX, liquidity pools, and an NFT market. It is powered by the JEWEL token which is the in-game currency and can be staked to receive rewards.
The token has a maximum supply of 500 million tokens, a total supply of 396 million tokens, and a circulating supply of 112 million tokens. This means that while only 396 million tokens exist, there is provision to mint an additional 104 million.
The game’s tokenomics are not ideal as minting new tokens could exert sell pressure on existing tokens, diluting their value, and weakening the ecosystem’s internal economics.
You can buy JEWEL on exchanges like Coinbase.
Render is a decentralized GPU-as-a-service network that allows people to rent GPU power to render digital assets including NFTs, art, and entire metaverses.
As the world moves closer to a virtual future, there will be a growing demand for hardware powerful enough to bring digital creations to life. With Render, designers do not need to worry about the equipment needed to render their creations.
The network, called the Octane Render Cloud (ORC), connects everyday people who have GPU power with people who need it, similar to decentralized storage services that allow people to rent out unused hard drive space.
The ORC network acts as a marketplace for GPU power. People who have GPU power (nodes) connect their computers to the network and accept rendering jobs from creators. When an agreed upon job is completed, the node gets paid.
The network connects to the Ethereum blockchain where the token smart contracts reside. User accounts are also connected to smart contracts on the blockchain through wallets.
When a contract is agreed upon on the ORC network, the platform calculates the price of the job and opens a smart contract to transfer the RNDR tokens after the job is completed.
Render will inevitably go up against more legacy render services, and while its decentralized structure will give it an advantage, pricewise, it will have to prove itself against Nvidia, which runs a GPU computing cloud.
RNDR has a total supply of 530 million tokens, 299 million of which are in circulation.
You can buy RNDR on exchanges like Binance.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
You’ll need to wait until the presale is over to claim your tokens.
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.
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.