Metaverse is a relatively new digital currency, with its first significant coin sale beginning in late 2017. The total supply of metaverse is 197 million tokens, and the current market cap is $50 million.
Considered to be China’s answer to the blockchain, the metaverse has many features that put it ahead of the competition.
Metaverse is a next-generation digital asset management platform that allows users to buy, sell and invest in digital assets using the Bitcoin exchange.
Metaverse offers innovative properties, digital identities, and even social networks built into the blockchain. Anyone can publicly verify the assets, meaning there’s no need for third parties or mediators to complete transactions.
They’re also working on a voting system allowing users to vote directly on the block chain and elect representatives responsible for overseeing transactions. The representatives will be elected based on their past performance, tracked along with their public key on the block chain.
The platform is designed to be interoperable with other block chains, which will help it gain popularity in the future. It also supports multiple languages and isn’t just limited to Chinese investors.
The original purpose of the met averse was digital asset registration and management. However, it has quickly evolved into a fully-fledged ecosystem for digital assets, digital identities, and value transfers.
Met averse Coins: The Best To Buy In 2022
The first thing to consider when investing in any project, be it met averse or otherwise — is whether there’s a need for what the project offers. We could use a virtual reality social network like Facebook or Twitter, but they already exist and provide excellent service at a reasonable cost. If you want to invest in something that already works well and delivers value, you should buy its currency instead.
APE
APE stands for Application-Specific Entities, and it’s what’s known as an ERC-20 token. That means the token exists on the Ethereal ledger. The tickets are designed to be used in a met averse game called Other side, created by a company called Yuga Labs. The land sale makes it possible for APE coin holders to buy virtual parcels of land in Other side, a game that Fortune reports just got $320 million from virtual land sales.
Sandbox
The Sandbox is a virtual reality (VR) met averse that runs on block chain technology. It is the first of its kind, and if successful, it will be a huge step forward for adopting block chain technology in the real world. The Sandbox was launched in early 2019 and has seen impressive results in terms of adoption and growth.
The Sandbox’s native token, SAND, saw exponential growth in its value during 2021. SAND started the year at $0.091 and, by mid-2021, had already crossed the $1 mark. In late 2021, SAND posted an all-time high of $8.40 before falling back to $4.70. The coin is currently trading at $6.80 per CoinMarketCap on December 22nd. It is still significantly higher than its price at the beginning of the year.
Decentraland
Decentraland is among the most widely known crypto metaverse projects out there. It is partly because it was initially popularized thanks to its native token, MANA, which saw significant gains not long after the platform’s launch.
This ecosystem will be sustained by the Ethereum blockchain, which is used for all monetary transactions. Decentraland has a fixed land supply, meaning there will only be 21 million parcels of LAND in total. The LAND ownership is managed on the Ethereum blockchain through smart contracts.
Star Atlas
The game is based on the blockchain and offers many perks to members. It’s easy to get started and have fun with a basic understanding of the game.
Powered by the Solana blockchain, the objective is to create a virtual economy where users own everything – from the land, you build your home on, to the weapons you wield, to the coins you mine, to the buildings you purchase. The game uses an in-game currency called ATLAS that can be bought with actual money or earned through gameplay.
Virtua
Virtua is a project that goes back to 2017 when NFTs weren’t even in existence. However, now it’s a virtual environment that’s all about NFTs. You can create, sell and buy NFTs from other members using the native token TVK. Since this project is banking on NFTs, it has massive potential, given the surge in NFT investment.
Virtua is the first VR marketplace that accepts non-fungible assets (NFTs). It integrates Cardano to overcome the drawbacks of traditional blockchain and make its user experience smoother. The Virtua Cardano price is unique as it considers technology and cryptocurrency-related factors.
To Sum It Up
The idea of a metaverse is deeply rooted in blockchain and cryptocurrency, which is why investing in some of these projects can be a good idea. There are a lot of metaverse projects out there, but some show real potential and stand above the crowd. The metaverse concept is about creating immersive digital spaces run on blockchain tech. In the metaverse, you’ll be able to create an avatar and buy virtual goods using various cryptocurrencies.
