Interest in the Metaverse – which forms a bridge between the real and virtual worlds, is expected to grow at a rapid pace in the coming years. Recently, Metaverse cryptocurrencies are on the rise giving massive returns to their investors this year. Blockchain and NFTs are considered an important aspect of the budding Metaverse ecosystem. There are plenty of metaverse tokens that anyone can buy. If you have been looking for Metaverse cryptocurrencies with high returns, you are at the right place. This article features the top 10 high in demand Metaverse cryptocurrencies of 2022.
Launched as recently as 2020, Axie Infinity is one of the best Metaverse crypto coins for play-to-earn gaming. Axie Infinity is built on top of the Ethereum blockchain. For those unaware of this concept, play-to-earn games allow users to generate rewards when certain tasks are completed – such as reaching a specific level. And, this incentivizes users to engage with the broader Axie Infinity ecosystem. Once minted, this can be represented in the form of a unique NFT, which in turn, can be sold on the open marketplace.
The Sandbox stands as a solid investment in March 2022 because it applied blockchain technology to a massive global market such as the gaming industry and is entirely focused on decentralization. With a VR aspect, this project is realizing the vision of the metaverse. The Sandbox is essentially a game, and it has the backing of gaming brands like Atari. And HSBC recently purchased virtual real estate in its metaverse. But it's heavily based on the creation and trade of NFTs. Players can create NFTs using the SAND metaverse tokens.
Decentraland defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize contempt and applications. In this virtual world, users purchase plots of land that they can later navigate, build upon, and monetize. It is one of the high in-demand metaverse cryptocurrencies of 2022.
According to reports, Gala Games plans to invest US$2 billion into gaming, US$1 billion into movies, $1 billion into music, and the remaining US$1 billion into an NFT-specific theme park. Gala Games (GALA) only has one game released on its platform so far, as a result of this, the upside potential of this project is huge. If they are successful in implementing the strategy they have laid out, then the network could and should be one of the household names in the future of the Metaverse.
Sensorium Galaxy is a digital metaverse that's been developed in collaboration with some of the world's top artists, producers, and media companies. Currently, in beta, this metaverse consists of several worlds, each acting as a hub dedicated to a specific set of experiences. A crucial feature of Sensorium Galaxy is its in-platform currency – SENSO – which leveraged blockchain technology to power a fair, transparent, and user-owned decentralized economy.
Wax (WAXP) was launched in 2017 to develop e-commerce transactions by making them faster, safer, and more user-friendly. With the platform's blockchain-based tools, WAX is a decentralized application where marketplaces and NFTs are also available. It is one of the high in-demand metaverse cryptocurrencies of 2022.
SushiSwap is home to a popular decentralized exchange that allows users to buy and sell digital currencies without requiring a centralized third party. This popularity has since resulted in SushiSwap surpassing a market capitalization of US$500 million as of early 2022. With that said, SushiSwap has since expanded its business model by creating an NFT marketplace in conjunction with the Metaverse.
Make no mistake about it – Metaverse platforms require a significant amount of GPU space. After all, some of the leading Metaverse gamers process a huge number of transactions each and every second – all of which increases the amount of throughput for the underlying blockchain needs to process. And, in turn, this results in ever-growing transaction fees and slowly processing times. This is where Render Token steps in – as the project offers a distributed GPU rendering network that can be used by all Metaverse projects.
This metaverse company has built the RFOX VALT, an immersive experience focused on retail, media, gaming, and rewards. With RFOX VALT as the focal point, RFOX has built an ecosystem of solutions for e-games, Defi, NFTs, digital and more, all of which are integrated into the metaverse. The project's RFOX token serves as the main medium of exchange in this ecosystem, while its VFOX token rewards holders with a share of the earnings from the RFOX VALT metaverse. It is one of the high in-demand metaverse cryptocurrencies of 2022.
Enjin Coin (ENJ) is an ERC-20 token built on the Ethereum blockchain. It is designed to be an in-game currency for purchasing game items. It also adds value to in-game assets. It can also be used as a medium currency to buy and sell any in-game items. Moreover, Enjin's platform has another function, Marketplace. This function allows game players and developers to trade the items that they have created on a marketplace without intermediary fees.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.