The metaverse term isn’t a new thing by now but it gained more traction in 2021, especially with Facebook now Meta founder, Mark Zuckerberg investment in the iteration of the internet project, with his company’s metaverse interest making the term popular. His push for the metaverse principle prompted his company’s name change from Facebook Inc to Meta Inc.
With the metaverse combining the virtual, augmented and extended reality with our physical world, the New Year promises to be very interesting with the technological imitations of the principle. Bloomberg in its prediction had forecasted the metaverse market size to grow to an astonishing $800 billion by 2024!
With the metaverse principle seemingly coming to more prominence in 2021, so do we get availed with another subsect of it: the Metaverse tokens.
Metaverse tokens are simply the currencies used within the metaverse. The tokens allow users to create, buy and sell goods, including tokenized funds. In basic terms, they are a unit of currency that can be used to make financial transactions within the metaverse.
The Metaverse Crypto coins would thus be used as the major ledger in the VR world.
The metaverse crypto came with so much promise just like the NFT assets, with the two of them part of the developmental stages of the booming technological 21st century.
With the metaverse market projected to worth billions upon billions of dollars in the soon future, the digital currency needed to survive in that virtual world will continue to boom alongside it.
It is in cognizance of this that we decided to list the most promising crypto coins to watch out for this New Year, 2022.
We are not oblivious of the possibility that other metaverse crypto’s will shoot up in the year, but here are the list of some available ones we project will rule the New Year.
Without prejudice, the list would not be in any particular order.
The Sandbox is an ERC-20 utility token built on the Ethereum blockchain and can be owned by players for playing the Sandbox game. The token is used for various transactions in the gameplay, including purchasing LAND, interaction with user-generated content, while staking it to participate in the governance of the decentralized autonomous organization (DAO).
Imagine having to buy a plot of land virtually while monetizing it? Sandbox offers exactly that, while also offering users gamified experiences with quests, games, and challenges to earn rewards.
Sandbox token is a sizeable open blockchain-powered world of virtual land and gaming. The currency in Sandbox is known as SAND and prides itself as one of the promising metaverse platforms that have partnered with OpenSea, The Walking Dead and legendary musician, Snoop Dogg.
The Sandbox has a downloadable client that makes it a token to beat among other metaverse tokens, and has its currency, SAND trading at $5.90 with a 24-hour trading volume of $612 million. With a circulating supply of 919 million tokens, it market cap is $5.43 million.
The Sandbox currency can be bought on major exchanges like Binance, Kucoin, FTX, Uniswap, Kraken, Bitstamp and lots more.
The token has simple, effective tools for Non-fungible tokens (NFT) creation, with its customizability standing it out.
It offers developers the opportunity to innovate within the Sandbox platform, allowing for tweaks and customization.
Axie Infinity, an NFT-based online video game is also built on the Ethereum blockchain and as at October last year, can boast of 2 million active daily users. The blockchain on Axie is called Ronin and is a sidechain of Ethereum. The game gives users the leverage to collect, breed, raise, battle and trade ‘Axies’ and uses a ‘pay-to-earn’ model that allows participants to earn a token that is traded on Binance as a Ethereum-crypto. Axie also allows players to convert in-game assets to NFTs, with the users able to collect their tokens every 14 days.
Axie like sandbox also allows participants to buy lands virtually in form of NFTs in the game. The currencies used in Axie infinity are Axie Infinity Shards (AXS) and Smooth Love Potion (SLP).
AXS was one of the best performing coins last year, overseeing an astronomical gain of over 24,000 percent last year, a feat that effectively carved it out as a leading NFT collecting play-to-earn metaverse game.
With the New Year already in running, the Axie team is already gearing to continue their foray in the vertical and horizontal development across critical VR infrastructure. Axie has already announced that its new products, Battles V2, RON, and Land Gameplay will be released this year, making the token another metaverse crypto to beat in 2022.
Its currency, the Axie Infinity Shield as at the last check was trading at $94.64, with a 24-hour volume of $152 million. With a circulating supply of 67.8 million tokens, Axie’s market cap is at $6.4 billion.
AXS can also be purchased on major exchanges like Binance, Coinbase, FTX, KuCoin, Bitfinex, Gemini, Kraken and others.
Chromia is an open source public blockchain for metaverse projects that allows people to build decentralized apps in the real word for a better world. The Chromia blockchain technology was adapted from a solution provided for enterprise clients, the ‘PostChain’. Chromia syncs well with Ethereum apps, while enabling developers to code applications faster.
The popular play-earn blockchain-based game, ‘My Neighbor Alice’ together with ‘Mines of Dalarnia’, both multiple hyped games are built through Chromia. The two games have $378 and $260 million market caps respectively.
According to WalletInvestor, Chromia’s awesome long-term investment is expected to hit $1.26 a year by December 2022, and $3.94 by the end of December 2026.
Chromia is currently trading at $0.87 with a 24-hour volume of $115 million. With a circulating supply of 567.3 million CHR, its market cap is $497 million.
Chromia can be purchased on exchange platforms like Binance, Kucoin, FTX, Poloniex, PancakeSwap, Crypto.com and others.
Decentraland is an open source 3D virtual world platform that allows users buy virtual plots of land as Non-fungible tokens (NFTs) through its MANA crypto. A pioneer in 3D Metaverse project, the Decentralized application is used to track real estate parcels defined by LAND tokens, with the software also leveraging on the Ethereum blockchain to track the ownership of its digital land, while requiring its users to possess its MANA token laced in an Ethereum wallet to engage with its ecosystem.
Users can purchase Land assets on the Decentraland platform, while being able to monetize them.
The platform versed in virtual real-estate can have the user coming in as a guest while playing it for free. It can be linked to ones crypto wallet to have the leverage to buy, sell and create digital assets and NFTs like vehicle, electronics and land used in-game tools.
The platform prides itself as the longest-running 3D metaverse crypto project, and is already one of the highest-valued projects on the market and is set to fasten its pace in 2022. One of the highlights of the platform is that it priotize fun ahead of profit and has worked for it even commercially, as fun-loving users will prefer to trade with its in-game MANA token.
Its currency, MANA is currently trading at $3.26 with a 24-hour trading volume of $518 million. With a circulating supply of 1.32 billion tokens, its market cap is placed at $4.4 billion.
MANA can be purchased on major exchanges like Binance, Coinbase, KuCoin, Kraken, FTX, Uniswap and others.
The Star Atlas game built on the Solana blockchain is another Metaverse-inclined blockchain-based, space-themed, grand strategy product, projecting a massive multiplayer metaverse set in what can be termed a distant future, the year 2,620.
With a dual token economy, and a fascinating virtual gaming experience, its players have the opportunity to orbit through the vast emptiness of space in search of NFT-based gems.
With the combination of blockchain mechanics together with NFT-based in-game items, the gaming platform uses the Unreal Engine 5’s Nanite to create a unique high quality video games, bringing to the fore a glamorous cinematic experience.
The players on the Star Atlas metaverse have the opportunity to trade and create NFTs within the Star Atlas universe, in the process leveraging on an economy that is in sync with the tangibility, ownership and of course the value of real-world assets.
The Star Atlas network whose transactional throughput supports a whooping 50,000 transactions per second (TPS), generated quite a buzz in the cryptocurrency and gaming community, having pride itself as a game that brings true value in fun and experience.
According to CoinMarket, 80% of future minted ATLAS tokens will be rewarded to players with outstanding performances in the game, with 20 percent of the initial ATLAS distributed to stakeholders. 45% will go to mining stations, and another 15% will be used for gathering resources for the platform’s development.
Star Atlas is currently trading at $0.106760 with a 24-hour trading volume of $14.9 million. With a circulating supply of $2.1 billion tokens, its market cap is $230 million.