The Best Metaverse Coins For Me

Combining cryptocurrencies, NFTs and video games, this concept is on track to revolutionize the way people play video games, interact with each other, store and use collectibles and much more! Metaverse created a lot of noise very quickly.

Hype is fueling the price hike right now and all projects and companies related to Metaverse are gaining more awareness than ever before.

In this article, I will tell you which are the best metaverse coins, what is the metaverse, the most popular projects about it and my closing thoughts about that industry.

What is the metaverse?

Metaverse refers to something that is beyond our current reality or universe. As for what has been causing such a stir in the media lately, Metaverse is a virtual reality (VR) system where people can customize and interact with virtually anything. For example, a user can use a VR headset to attend virtual meetings at work or play video games with friends.

As Mark Zuckerberg, CEO of Meta (formerly Facebook), said, Metaverse is far from complete yet. However, many NFTs and crypto companies are already starting to look into the concept as they see it as a great opportunity to see their services used in more ways than previously thought.

Metaverse and crypto

Metaverse is a world of ownership and creation where users can participate or co-create, often on a decentralized platform.

But these platforms need to be financed sustainably, and many projects have opted for a free business model. This means people can access and use the service for free, but if they want to customize their avatar or own a piece of land to build their house on, they will often have to buy it from a marketplace.

Items that users can purchase tend to be in the form of NFTs, which are unique digital assets that prove that the buyer is the sole owner of the item in question. Once NFT enters the user's wallet, the platform can detect it and activate its functions.

Because NFTs are stored on the blockchain, they are often closely linked to cryptocurrency, the means of payment required to purchase them. This means that Metaverse-related projects are indirectly tied to cryptocurrency.

Almost all Metaverse related projects therefore have their own tokens to which they can add voting rights and other utilities.

Here are some of what I consider to be the best Metaverse tokens currently available:

Enjin (ENJ)

Enjin is one of the leading players in the NFT and blockchain gaming industries, which created the ERC-1155 NFT standard and a token (ENJ) used to infuse NFTs. Created to counter entry barriers (fee, transaction time, usage complexity), Enjin has developed a multi-chain ecosystem with Jumpnet and Efinity, a custom-built blockchain for NFTs currently competing for a Polkadot parachain slot.

This could be a game changer in the Metaverse for proof of ownership and loot in games. For example, if you are playing with your friends and you have a really rare sword, you will be able to send it to your friends at no cost and with no cooldown, and they will be able to use it directly. It will also be possible to sell all of your hard-earned equipment when switching to a new game, which is currently only possible in a select few games.

Decentraland (MANA)

Decentraland is a multiplayer universe where users can participate in mini-games, chat with people online, purchase customizable items for their avatars and even plots of land! Once a user acquires a piece of land, they can build on it, including an art gallery to promote your NFTs, a place to play chess with friends, or a basketball hoop to train your (virtual) target.

The platform also has a real estate side, as the limited number of plots and their proximity to the center is an important feature for maximum visibility. Because every parcel is unique, we can expect prices to increase with demand.

Sandbox (SAND)

Sandbox is a game where you can craft, build, sell and own game items and pieces of land. Players are immersed in a 3D world and can cooperatively complete missions and fight monsters. People can make their games in Sandbox with no programming skills, which leaves room for many users to be creative!

This game may be a little more focused on adventure and quest categories than Decentraland, which may appeal to different users.

Axie İnfinity (AXS)

Axie infinity is a game where you can buy collectibles, all of which have their own characteristics. The goal is to have the best collection team to win the battles against other players. Depending on your results you will receive some SLP (in-game currency) which can be used to build more collectibles and once you have them you can send or sell them!

Players can also own land where they can host shops, dungeons, and generate cryptocurrencies depending on their popularity.

It has been one of the biggest games featuring NFT for a while and is constantly being worked on and updated.

Ultra (UOS)

Ultra is an entertainment platform where you can find games, movies, tournaments, influencers and much more. The peculiarity of the platform is that once users buy products, they own them and can use, lend and even sell them! Users can also earn money by playing and promoting owned games on Ultra.

Ultra is battling against the monopolistic trends they see in the current gaming and streaming video market.

What awaits Metaverse in the Future?

Metaverse is a great concept with a great future ahead of it. Using VR headsets to provide another level of depth and contact between people who are not sitting in the same room can be very useful – especially since we live virtually most of our lives due to the COVID pandemic.

Also, ownership and scarcity are two value factors that have helped many cryptocurrency projects in the past, and the gaming industry is in dire need of these assets. Currently, when players switch from one game to the next, they leave behind all their hard-earned progress. Perhaps having the option to make money by selling their assets can be rewarding for the user and profitable for the company.

However, as the Metaverse is still a very new industry, we've seen massive growth in new investors who have high expectations for price and don't have enough patience to wait for value to materialize.

Choosing the right project is likely to be very profitable in the long run, and the ones listed above are the most popular for a reason. However, it is worth remembering that any investment carries risk.

I strongly believe that gaming, cryptocurrencies and NFT combine so well together that the projects we see rising today can become the norm for tomorrow. I can't wait to see how they grow.