Metaverse cryptocurrencies are cryptocurrencies built into, incorporated, or used/spent in metaverse platforms. If you’re not familiar with metaverse, it is a system of the interconnected virtual world that may support some or all of web 3, virtual reality, augmented reality, IoT, blockchain, crypto, AI and other technologies.
Ofcourse, these cryptocurrencies are built on blockchain technology, and operate just like any other cryptocurrencies. Why are we particularly interested in metaverse cryptocurrencies though?
Because metaverse is a fast-growing aspect of the web3 internet. New projects are coming out everyday, which shows the growth potential of this space. The scope of the metaverse is also constantly upgraded to include aspects like gaming and the other technologies listed above.
The cryptocurrencies are used for transactions, but can also be staked to earn rewards. They may also be used to buy in-game items in gaming metaverses. Holders can also have access to and own metaverse games virtual land, assets, experiences, avatars, as well as other cryptos and assets inside the metaverses.
Some of them also serve as governance tokens that empower holders to participate in decision making concerning the development of the ecosystem. In this guide, we highlight the best of them that you can buy and use in their various metaverses.
Decentraland (MANA)
Decentraland is a project built on the Ethereum network. Its token, MANA is listed on over 80 crypto exchanges including Binance, Coinbase, KuCoin, Huobi, and Kraken. In the ecosystem, you can make new friends and explore other interesting aspects of this community-built and owned metaverse.
You can Create and sell Wearables & Emotes, construct captivating scenes and interactive experiences, or set up a personal space in your own World. You can also buy or rent lands using the token. While you can pay for things in the metaverse using your debit or credit card, you’ll need a crypto wallet with MANA to have the full experience.
Decentraland also has a marketplace where you can trade items. You can also place things for sale in the marketplace and set the price for others to buy. The experience in this world is only limited by your imagination.
Axie Infinity (AXS)
Axie Infinity is a project built on the Ronin Blockchain. The token AXS is listed on over 150 crypto exchanges including Binance, FTX, Coinbase, Huobi, and KuCoin. Like Decentraland, it features a marketplace, games, news and more.
You navigate the metaverse using what is called axies. You can start playing the game with free axies which have different abilities. AXS holders can vote on the future development of the ecosystem since it serves as a governance token.
AXS is currently the 61st biggest cryptocurrency by market cap according to Coin Market Cap. You can use it to buy or sell items in the marketplace and as the metaverse continues to grow, so will its use and that makes it of great potential value.
Gala (GALA)
Gala is a metaverse game project built on Ethereum its token, and GALA is listed on more than 110 crypto exchanges including Coinbase, Binance, Kraken, Gemini, Gate.io, Huobi, and KuCoin.
GALA is the core utility token for Gala games, and is the token with which users can buy NFT items. Founder’s Node operators also get rewarded using this token, and is also the gas token used to cover transactions fees on the Gala blockchain.
GALA is currently the 73rd largest cryptocurrency by market cap on Coin Market Cap, and is also growing fast as the gaming ecosystem grows. You can buy it on any of the listed exchanges or directly on the Gala Games website.
The metaverse features a store, games, and many other fun features that make it an irresistible gaming metaverse.
Conclusion
These are some of the top metaverse tokens you can invest in right now. The good thing is they are still low in value, making it a perfect investment opportunity in 2023.
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