What is Metaverse & What Are Top 10 Metaverse Coins With Huge Potential?
In this article, we are going to cover the term Metaverse & the top 10 metaverse coins according to CoinMarketCap which are in trending right now at the time of writing this article.
What is Metaverse? Everyone wants to own the Metaverse including Facebook & Microsoft. But what exactly does the term Metaverse mean?
It’s a combination of different aspects of technology like virtual reality augmented reality and video conferences in the digital universe. Moreover, you can say that Metaverse is the digital representation of people, places, arts, or homes. Think of it as the new version of the internet. Many people think of the internet as a place now we can go into that place and interact, communicate & share information with others. And it’s not just a vision anymore. Right now, you can go to a concert and enjoy the music show with other real people inside a video game.
Watch the Microsoft plans about Metaverse.
You can enter the digital universe by putting on some glasses & can interact with different things like you do in the real world. Recently Facebook gave a demo about its project about Metaverse and its upcoming plan to add more features to it. Watch the complete presentation given by Facebook CEO Mark Zuckerberg about Metaverse here.
What are the top 10 Metaverse coins?
Here is the list of the top 10 Metaverse coins right now at the time of writing this article.
- Decentraland (MANA)
- Axie Infinity (AXS)
- The Sandbox (SAND)
- Enjin Coin (ENJ)
- WAX (Waxp)
- SushiSwap (SUSHI)
- MyNeighborAlice (ALICE)
- CEEK VR (CEEK)
- Chromia (CHR)
- ULTRA (UOS)
Decentraland (MANA)
Create, Explore & Trade in the first-ever virtual world owned by its users. Explore LANDs owned by users to experience incredible scenes and structures. From a space adventure to a medieval dungeon maze to entire villages crafted from the minds of community members. Create scenes, artworks, challenges and more, using the simple Builder tool, then take part in events to win prizes.
Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.
In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.
Website: https://decentraland.org/
Axie Infinity (AXS)
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.
Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.
These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique.
Website: https://axieinfinity.com/
The Sandbox (SAND)
The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.
According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.
Website: https://www.sandbox.game/en/
Enjin Coin (ENJ)
Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin’s flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.
Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.
Website: https://enjin.io/
WAX (Waxp)
WAX (The Worldwide Asset eXchange™) is the most used and transacted blockchain ecosystem in the world for NFTs, dApps and video games — providing the safest and most convenient way to create, buy, sell and trade both virtual and physical items to anyone, anywhere in the world.
This coin is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.
To make this possible, WAX created a suite of blockchain-based tools upon which decentralized application (DApp) marketplaces and non-fungible tokens can be built upon.
Website: https://wax.io/
SushiSwap (SUSHI)
SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges that use smart contracts to create markets for any given pair of tokens.
Swap, earn, stack yields, lend, borrow, leverage all on one decentralized, community-driven platform. Welcome home to DeFi.
Website: https://sushi.com/
MyNeighborAlice (ALICE)
My Neighbor Alice is a multiplayer builder game, introducing blockchain to millions of players. Anyone can buy and own virtual islands, collect and build exciting items and meet new friends.
ALICE token is the native currency in the game. It allows token holders to play, invest and also be part of the game.
Website: https://www.myneighboralice.com/
CEEK VR (CEEK)
CEEK connects music artists, athletes, and other digital content creators directly to their fans in virtual worlds. DeFi for music artists, sports & content creators. CEEK’s NFT marketplace will be responsible for taking music to the next level.
CEEK is a blockchain-based streaming platform for creators to monetize their content via virtual reality worlds, live streaming, and other emerging technologies on a variety of devices including virtual reality headsets, smartphones, and tablets.
Website: https://www.ceek.io/
Chromia (CHR)
Chroma (CHR) is the native token designed to empower the Chromia platform and foster a mutually beneficial relationship between developers, users, and investors. It is a blockchain platform, making it easy for people to build decentralized apps in the real world, for a better world.
This coin is a standalone Layer-1 blockchain and EVM compatible Layer-2 enhancement for Binance Smart Chain and Ethereum. It is designed to enhance existing dApps and allow for the creation of next-generation dApps by providing scalability, improved data handling, and customizable fee structures.
Website: https://chromia.com/
ULTRA (UOS)
UOS is the first entertainment platform providing a variety of games industry services under a single roof, accessible through a single login discover, buy, and play games, watch live-streaming feeds, interact with your favorite influencers, participate in contests, compete in tournaments and much more.
This coin describes itself as a blockchain-based, PC game distribution platform designed to provide both gamers and game developers with new opportunities. It consists of an ecosystem where gamers can, on top of buying and playing games, resell their used games and items, and earn money through their participation in Ultra.
Website: https://ultra.io/
