Metaverses became the talk of the town last year after Facebook rebranded to Meta. Metaverses are virtual worlds where you can explore, meet people, attend concerts, visit galleries, and do many of the things you might do in the real world. They have their own economies that are often based on cryptocurrency tokens.

If you're worried you missed the metaverse boat, it's still very early days. Here are five metaverse cryptos that should be on your radar in 2022.

Key Points

• Metaverse tokens are increasingly popular, but it is very early days for these virtual worlds.

• Pay attention to virtual worlds and the projects that power them.

1. The Sandbox (SAND)

The Sandbox is a virtual world where players can buy and develop land, build games, and create and trade non-fungible tokens (NFTs). NFTs are crucial to many metaverse and gaming blockchains -- they are a way to own digital assets, which previously might not have had any value. The Sandbox was among the top performing cryptos in 2021.

2. Decentraland (MANA)

Decentraland opened the doors to its virtual world in February 2020, making it the first blockchain-based decentralized world. What's exciting about this metaverse is you can enter without connecting your crypto wallet or opening an account. If you're interested in exploring and understanding these digital universes, this is a great place to start.

3. Enjin (ENJ)

Enjin is all about NFTs. And NFTs are the building blocks of the metaverse. Its platform lets people create, store, list, and trade NFTs all in one place. It has various use cases. For example, gamers could transfer assets from one game to another. Musicians or artists might find new ways to monetize their music.

Many NFTs use the Ethereum (ETH) blockchain, which is the most established smart contract crypto but also struggles with high gas fees. It can cost up to $100 in fees to make a transaction on Ethereum, which could be prohibitively expensive for some. As a result, many projects are moving to newer networks with lower fees. Enjin is developing its own NFT-focused blockchain called Efinity (EFI). This could be a game changer for Enjin.

4. Render (RNDR)

All these computer-generated worlds need visuals, which require a lot of processing power. Render is a decentralized network that uses people's idle graphics processing units (GPUs) to create those visuals. Network participants earn tokens and Render can provide companies with state-of-the art graphics in an affordable and scalable way.

5. Wilder World (WILD)

Wilder World is a community focused 5-D platform that houses several games and NFT-based projects. Users can buy condos in Wiami -- a virtual city based on Miami -- as well as NFT cars to cruise the streets in. It is an interesting project, but from an investor perspective, it would be nice if it had a whitepaper on its site. Plus, unlike other tokens on this list, Wilder World is not available from top U.S. cryptocurrency exchanges. Nonetheless, it's a good coin to add to your watchlist if you're interested in less-developed metaverse tokens.