As the world gets closer to creating this tech world, they’re bound to increase in value! The real world and virtual reality could merge in the future, and Metaverse crypto tokens are one of the best ways to invest in this. Companies worldwide want to make this idea come true, but cryptocurrencies are leading the charge.
You can find many of them on the internet, so it can be hard to choose the best. For some, you might catch your friends promoting theirs on social media. With this, you want to ensure your investment isn’t a dud, but it takes a long time to check all the promising options. This article saves you time and effort by covering the top Metaverse coins of the year.
Many readers may not know much about the Metaverse, so I’ll start with a brief discussion about it. After that, I’ll go through the most promising Metaverse crypto tokens of the year, such as Ethereum (ETH). Note that you should have a plan before you invest in any of these. Only use the money you are willing to lose.
What Are Metaverse Crypto Tokens?
Before I cover the recommendations, I will have to talk about what the Metaverse is. After all, it sounds like something you’d see in a sci-fi story… because it is!
Neal Stephenson first coined the term in his 1992 sci-fi novel “Snow Crash.” It refers to the idea of turning digital worlds into real places. If this rings a bell, films like “Ready Player One” may come to mind.
This idea is slowly but surely entering real life as more cryptos try to do so. After all, they have what you need to create such a world: A platform that’s free for all, where nobody controls the entire world.
You may buy Metaverse crypto tokens on various online sites. Those will allow you to take part in their “meta worlds.” Here are the features they have in common:
- Creating stuff in their worlds, such as items or entire buildings
- Hosting events that help generate more cryptos
- Earn rewards such as more of that platform’s native token
Those tokens go up and down in value depending on how the network performs. What’s more, you can turn these digital assets into real money. This is why a lot of people want to invest!
Read More: What Is The Metaverse Crypto Trend?
The Best Metaverse Crypto Tokens
Exploring the best metaverse crypto tokens opens up a world where virtual realities and digital economies converge. Each of these tokens not only represents ownership within these digital worlds but also plays a pivotal role in governing and evolving their respective platforms. These make them key players in the expanding universe of metaverse investments.
#1. Ethereum (ETH)
People often think of Bitcoin (BTC) when they hear about crypto. That’s expected because it’s the first one, and it has the largest market cap among the other cryptos. If you’ve been following crypto trends for a long time, then you might be more interested in Ethereum (ETH). It’s at #2 behind Bitcoin, yet it has far more use cases right now!
For example, it’s the number one crypto network for non-fungible tokens or NFTs. You might know them from those Bored Ape images that are worth millions. You will also see that many Metaverse games rely on the Ethereum blockchain. Axie Infinity is one of the most well-known examples. It’s been a nice source of extra money in the Philippines!
These games are also called NFT games because you can earn goodies as non-fungible tokens. You can sell them on NFT marketplaces to earn more Ethereum. The Metaverse games on Ethereum have separate tokens. For example, Axie lets players earn Axie Infinity Shards (AXS) and Smooth Love Potions (SLP).
If you want a more secure investment, perhaps you should get Ethers (ETH), the native cryptocurrency of Ethereum. After all, most of the other meta platforms are built on ETH. That’s also why the ETH price movement pushes and pulls Metaverse crypto tokens. The slight downside is that it may take time to grow significant value.
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#2. Binance Coin (BNB)
This is another one of the major Metaverse coins. Like Ethereum, many meta platforms are built on the Binance Smart Chain, such as Binamon. If you’re a long-time crypto investor, then you know Binance. It’s the largest crypto exchange globally, and it uses Binance Coins (BNB) as its native cryptocurrency. BNB coins allow you to buy and sell non-fungible tokens on its NFT marketplace. Since the Smart Chain has blockchain-based games built on it, those will require BNB coins.
People have the same reasons for investing in Ethereum and Binance. The other Metaverse crypto coins rely on them, so it’s a good idea to grab their native tokens too. Another great reason to choose Binance coins is the price. At the time of writing, the ETH price was $2,688.77. Meanwhile, BNB coins were worth $371.40 each.
You can buy portions of cryptocurrencies if you can’t afford the price of one. For example, you could purchase 0.5 ETH, around $1,300 based on the price above. However, you could buy 1 BNB for much cheaper. Binance still has huge growth potential, so you may see its price grow much quicker.
Read More: Crypto Regulation: Why Is Crypto Not Regulated?
#3. Metahero (HERO)
We’ll cover a Metaverse project you may have never heard before: Metahero. It aims to help people create hyper-realistic NFTs based on real-life objects, even people! The Metahero team makes this possible with its 3D Metascanner. It’s a large platform with multiple cameras that capture enough visual details to create ultra-real NFTs.
It has experience under its belt too. Metahero is a leader in 3D modeling that worked with video game developer CD Projekt. It’s the company behind popular games like Witcher 3 and Cyberpunk 2077. Now, it aims to bring this extreme level of realism to the Metaverse. That’s because most of its platforms now look like blocky video games.
Decentraland (MANA) and Sandbox (SAND) are some of the most popular meta platforms. They’re both major reasons why people invest in digital real estate nowadays. Decentraland’s player characters are cartoony. Also, the objects have so few polygons that you can count them. Meanwhile, the Sandbox game features even blockier graphics.
It looks like a video game from ten years ago or a map in Minecraft. Some companies may not align with these platforms’ “kiddy” vibe. This could keep them from getting more users.
That’s why Metahero’s Everdome announcement was good news for many people. It will use its 3D tech to create a world set on Mars. This will let people represent themselves with their real-life bodies in a new world. What’s more, it will allow folks to buy and sell land in it. You’ll be able to buy its Metaverse crypto tokens in a few days.
Metahero’s native token is called the HERO token, and its public listing will be active on February 8. Stay tuned to the Metahero news page for more updates!
Final Thoughts on Metaverse Tokens
Note that this article is not meant to share investment advice. Have a clear goal and learn more about assets before buying any Metaverse crypto tokens.
It’s a good idea to have a lot of options! Note that there are so many examples we didn’t cover, such as Star Atlas. If you want more options, feel free to check other sources.
If you want to learn more about all these tech trends, check out the other articles on Inquirer USA. See what’s the latest in the world of finance, crypto, and more!
Frequently Asked Questions
How do metaverse tokens differ from regular cryptocurrencies?
While metaverse tokens share some characteristics with traditional cryptocurrencies—such as being digital and using blockchain technology—their primary distinction lies in their utility. Metaverse tokens are specifically designed to be used within a virtual environment, often providing users with access to exclusive areas, items, or abilities in the metaverse. In contrast, regular cryptocurrencies like Bitcoin are primarily used as a means of payment or store of value outside of controlled environments.
How can one acquire metaverse tokens?
Metaverse tokens can typically be purchased on cryptocurrency exchanges. Users need to set up a digital wallet that supports these tokens, buy them using fiat currency or other cryptocurrencies, and then transfer them to their wallet. Some tokens can also be earned directly within the metaverse through activities like gaming, content creation, or participating in events.
What are the risks associated with investing in metaverse tokens?
Investing in metaverse tokens carries risks similar to other cryptocurrency investments, such as high volatility and potential regulatory changes. Additionally, the value of these tokens can be heavily dependent on the success and adoption of the underlying metaverse platform. Technical risks, such as security vulnerabilities in the blockchain or the virtual platform, can also affect investments.
How do metaverse tokens contribute to the economy of a virtual world?
Metaverse tokens are integral to the economy of virtual worlds, facilitating the buying and selling of goods, services, and real estate within the metaverse. They enable microtransactions, incentivize content creation and community participation, and can also be used for staking or earning passive income within the platform, contributing to a dynamic and self-sustaining economic system.
