Metaverse is making headlines in technology; there is a rise in Metaverse crypto projects, each viewing to shape the future of both Metaverse digital currencies, and the nature of digital real estate.
It is a collision between the physical and digital globe when virtual reality and augmented reality bridge the space and permit the virtual and physical globes to interact closely. Recently Metaverse cryptocurrencies are on the rise providing big returns to their investors this year. NFTs and blockchain are considered vital aspects of the budding Metaverse ecosystem. There are lots of Metaverse cryptocurrencies that any person can buy. Here is the list of top Metaverse cryptocurrencies that are most traded till now in 2022.
Axie Infinity (AXS)
Axie Infinity is a metaverse project that is near to the definition of the metaverse, but it is essentially a game. The domestic currency is the AXS token in this play-to-earn metaverse game.
Axie has one of the biggest market caps of the metaverse cryptos, coming in at over four billion dollars. Anyway, the YTD performance is -27.68%. That may not seem promising for many investors, but the coin has started to increase again in worth. Part of the reason might be the impending launch of Axie infinity.
The Axie infinity game specs, or Axies, and those Axies are non-fungible tokens that gamers can trade and buy. For example, they can breed new Axies by combining 2 Axies. There is also virtual real estate in the Axie infinity metaverse, which could bring on more investors who are not just gamers.
The Sandbox (SAND)
The sandbox stands as a powerful investment in March 2022 because it applied blockchain technology to a big global market such as the gaming industry and is fully targeted at decentralization. The sandbox is a virtual globe where players can build, monetize and own their gaming experiences in the Ethereum blockchain using the Sand token. Players can create digital assets in the type of Non-Fungible tokens, upload them to the marketplace and connect them into games with Game Maker.
Enjin coin has true-world applications and is also laser-targeted on the gaming industry. Besides targeting revolutionizing the gaming area by driving up a player-driven economy, the NFT token also permits the tokenization and continue transfers of in-game assets across many platforms. This Ethereum-based network is presently planning on expanding into the heterogeneous network known as Polkadot to reject the high gas fees accompanied by the cryptocurrency network especially the ETH.
Sushiswap is home to a famous decentralized exchange that permits users to buy and sell digital currencies using cryptocurrencies without needing a centralized 3rd party. This popularity has since outcome in Sushiswap surpassing a market capitalization of $500 million. With that said, SushiSwap has since expanded its business model by making an NFT marketplace in conjunction with the Metaverse.
Blok is one of the most famous Metaverse cryptocurrencies. BLOK members can make their avatars, join in social activities, learn about cryptocurrency, and exchange it also. Real-time 3D production engines are used in the top virtual visual effects also. The Polygon blockchain serves as the base of Bloktopia.