5 Best Metaverse Crypto Coins to Buy in 2023 (Ranked)
With the introduction of the metaverse, a new era of NFT popularity has begun. The metaverse is a decentralized platform that creates and deploys digital assets and smart contracts.
With a platform where businesses and individuals can create and manage their virtual worlds, many different crypto coins are available on the metaverse.
However, knowing which coins to buy can be difficult, especially with the ever-changing cryptocurrency market.
While traditional crypto exchanges and trading platforms offer a wide variety of coins, the metaverse crypto coins are quite a new addition.
That’s why I’ve put together a list of the best metaverse crypto coins to consider investing in right now.
Keep reading to find out more.
What Are The Best Metaverse Crypto Coins?
The following are the best metaverse crypto coins available for trading.
WAX is one of the most popular coins for Metaverse crypto games.
Being featured in the game Alien Worlds has helped the popularity of WAX.
Considered a native blockchain token, WAXP is used to power all the transactions in the WAX ecosystem.
Whether you’re trying to play immersive games, trade NFTs and other digital assets, WAX is a metaverse coin that you’ll often encounter.
The WAX marketplace also allows users to create, trade, and collect crypto using this coin.
There are also other apps and tools that WAX has made possible, including ecommerce support operations (done through the WAX Cloud Wallet), security protocols such as SSO and OAUTH, and there’s even a portal for developers.
The coin offers incentives for those who participate in it, making it an attractive choice for those looking to get onboard the metaverse platforms and onto the crypto coins world.
If buying digital real estate and virtual land sounds interesting, look no further than Decentraland.
This company is all about giving users the ability to create, manage and monetize their virtual real estate.
All of this is done on the blockchain, with Decentraland being one of the first companies to allow such operations.
You may construct the plot of land you buy as you choose and then sell it (or even rent it) to others.
The whole idea is an entirely new way of looking at virtual real estate, and Decentraland is one of the pioneers in this area.
It’s good to know that their native coin is the MANA token, which one can use in the Decentraland ecosystem.
With an ever-decreasing amount of land available, it’s no wonder that Decentraland is seeing its current success.
Metahero uses high-HD photogrammetric scanning to create three-dimensional scans of real-world objects and environments.
Meta Hero is the answer to those who want to create their 3D avatar that looks just like them.
You can create, scan, and transact on the blockchain using this metaverse currency.
All of this means that every detail of the physical world can be captured and used in both the virtual world and the augmented reality one.
While one can use the Meta Hero coin for gaming, it also has many other potential uses.
Having a long-term plan, the company’s mission is to get the next ten million users to use three-dimensional technology.
4. Axie Infinity.
Axie Infinity is a secure token transaction platform that allows users to buy, sell and trade Axies.
Axies are crypto collectibles that one can use in many different ways.
They can be bred, raised, and battled against others in a decentralized manner.
With the game featuring teams of three ready to battle monsters in the metaverse, one can gain crypto by winning these matches.
Axie Infinity is one of the first games to be built on the Ethereum (ETH) blockchain, and it’s quickly gaining popularity due to various factors, including its successful coin.
In addition, those holding Axie (AXS) will get voting rights in terms of what happens in future game updates as it develops.
This makes the Axie Infinity coin a valuable asset for those looking to get into the collectible crypto space.
5. Enjin Metaverse Coin.
Enjin Coin (ENJ) is an ERC-20 token built on the Ethereum blockchain.
It’s intended to be a digital currency used to buy game goods as players progress in their games.
Enjin is also developing a platform that will allow the creation of gaming websites, communities, and stores.
With all that happening and being a utility token for NFTs and gaming, ENJ is rising.
It’s already been integrated into various games and is seeing tremendous success.
Also, the Enjin coin backs up billions of blockchain assets, which gives it good potential for the future.
Token holders can also convert their NFTs back to Enjin Coin (ENJ) when they choose to do so, ensuring that confidence in the coin will remain high.
All of these coins have great potential for the future and are worth looking into if you’re interested in the metaverse crypto coins world.
What Are Metaverse Crypto Coins?
Cryptocurrencies operate in the virtual world and allow people to have secure transactions with each other.
Metaverse coins take things to the next level by providing an even more immersive experience as the metaverse takes shape.
These coins are unique in that they offer users the ability to engage in activities and transactions beyond the traditional online world.
In the context of cryptocurrencies, some multiple universes or worlds can be accessed using different coins.
Each coin has its unique features and benefits, making it worth exploring if you’re interested in this arena.
Various metaverse tokens are already in use, with more being developed all the time.
To get the most out of this emerging technology, staying up-to-date on the latest coins and their uses is essential.
Moreover, holding a native token and having the ability to use it as in-game currency is something most users look forward to.
This allows the holder to purchase in-game assets, progress to higher levels, and solidify one’s status as top dog in any metaverse game.
Being A Token Holder
Market capitalization is when you sell virtual goods and services.
One of the benefits of holding a metaverse crypto coin is that you often become a token holder.
Depending on the platform and coin, this gives you specific rights and privileges.
For example, holders of Enjin Coin (ENJ) can vote on game development and website changes.
They can also get discounts on in-game purchases and benefit from various gaming partners.
Other coins may offer similar benefits to their holders.
It’s essential to do your research to find out what these are.
By holding a metaverse crypto coin, you’re essentially investing in the future of virtual reality gaming.
The growth potential is enormous and only grows with each new game released.
As more of these virtual assets and coins become more and more popular, now is the time to get in on the action.
The right metaverse coins can offer you a solid return on investment, as well as a great experience in a virtual reality platform.
Reasons NFT And The Gaming Industry Go Along Well Together
Non fungible tokens have been booming lately, especially after the Facebook Metaverse was launched.
A big reason is that these two areas go well together, as NFT represents unique assets, whereas the gaming industry provides a perfect use case scenario.
Imagine a game that allows you to battle other players, with each player owning a different set of armor and weapons.
Not only would this be insanely cool, but it would also require a lot of different items to be created.
This is where NFTs come in, as one can easily use them to create and track these items.
Completing quests as part of a virtual experience can also be rewarded with unique NFTs.
This is just one example of using NFT in the gaming industry; there are endless possibilities for what can be done, and the sky is really the limit.
NFTs also provide a solution to the gaming industry’s problem for years – item duplication.
Using NFT, each item can be tracked and verified, ensuring that only one person can own it.
This not only protects the game’s assets but also prevents players from cheating.
The Future Of Metaverse Crypto Coins
The “metaverse crypto coins” world is still in its early stages, so there is a lot of growth potential.
With that said, there are several unique projects being developed that use these tokens.
Some of the most popular include Decentraland, Enjin Coin, and BitShares.
These coins are already being used in various games, and the list will only grow.
Other Metaverse Crypto Factors To Consider
The underlying reason why metaverse crypto coins are worth looking into revolves around the number of games and experiences currently being developed and launched.
Even since Facebook’s Mark Zuckerberg announced the platform on the social media giant, there has been a flood of entries into the VR game industry.
This increased competition means developers are looking for new ways to set themselves apart and monetize their work.
Coins such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are some of the most popular options for game developers to use – mainly because they offer fast transaction speeds and low fees, compared to traditional methods.
In addition, marketplaces such as Coinbase, Solana, and Binance offer an easy way for developers to accept these coins as payment.
With games such as Star Atlas, The Sandbox, and Decentraland already on the market, it’s clear that metaverse crypto coins are here to stay.
Metaverse Crypto – FAQ
What Is The Metaverse Blockchain?
The metaverse blockchain is a digital ledger that records all transactions.
It is used to track the ownership of virtual assets and verify them.
This makes it a perfect solution for the gaming industry, as one can use it to protect game assets and prevent cheating.
What Does Staking Mean In NFT?
Staking is a process that allows holders of NFTs to earn rewards.
By locking up their tokens, they can receive a share of the profits generated by the network.
This provides an incentive for people to hold onto their NFTs, as they can earn crypto in exchange.
What Is A Native Cryptocurrency?
A native cryptocurrency is a coin designed explicitly for use on a particular blockchain platform. It cannot be used on any other platform.
What Are In-Game Items?
In-game items are virtual assets that are bought and used in games.
They can be anything from weapons to armor to clothes.
NFTs are perfect for tracking these items, as they can ensure that only one person can own them.
What Does Market Cap Mean?
Market cap is the total value of all the coins in circulation.
It is calculated by multiplying the current price by the total number of coins in circulation.
This would give you a rough idea of the size of the market.
While the above is not investment advice, it’s clear that the metaverse crypto coins world is a hot topic right now.
If you’re looking to get involved in this exciting new industry, then metaverse crypto coins are a great way to do it.
Be sure to do your own research before investing, as this market is volatile and can be risky.
What do you think about the future of metaverse crypto coins?
Would you consider investing in any of them?
Let me know in the comments below.
Further reading on AdamEnfroy.com: Here’s a list of the best NFT marketplaces right now – check them out if you’re looking to get into NFTs.
In addition, here’s the complete process of how to buy NFTs – if you’re still on edge about getting involved, check out this article to help you get started.