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In today’s world, who doesn’t know about the metaverse? It’s a hot topic that is discussed everywhere from science fiction films to newspapers, even celebrities and kids know about the metaverse.
There would be hardly any person who does not know about the metaverse. And so the metaverse has entered the investment business as well.
But investment in the metaverse and investment in the real world can be different. So let’s watch out for the top 5 metaverse coins that can give you excellent returns.
Apecoin
Apecoin is the most recent entrant in the metaverse sector, however in a very short time it has managed to become the top metaverse coin by market cap. Despite being a bear cycle in 2022, this project has become the most valued metaverse project. As of now, apecoin has a market capitalization of $2 Billion.
But how did it manage to do so much in such a short time? Well, it was the first metaverse that was built for the collection of the most popular NFT collection in the whole world. Some very famous celebrities, like eminem, also own some of its NFTs and its popularity skyrocketed. Currently its one share is of price Rs. 490.
Decentraland (MANA)
Decentraland is the web based virtual platform that was once the largest metaverse project until Apecoin came along. Many brands like Adidas, Atari etc have bought their digital space here in decentraland. Legendary auction house, Sotheby’s, also held its first virtual auction in decentraland itself.
Decentraland also held a metaverse fashion week where D&G (Dolce and Gabbana), Tommy Hilfiger and many more luxury brands featured. Decentraland was also home to a bunch of music events organized by famous names in the industry. Currently its one share is of price Rs. 63.
Sandbox (SAND)
Sandbox is a very old game and was very popular at one point. It was launched in 2012, when it used to be a 2-D game for ios. Since then it has evolved so much and today it’s a blockchain based metaverse game.
It was acquired by Animoca brand in 2018 and then shifted to become a 3-D blockchain based metaverse game with an additional feature as players can buy or sell in-game creations as NFTs.
Between 2021 and 2022, it became highly popular when it signed some high profile partnerships with the Smurfs, crypto kitties etc. After that, this token was out of the news because of the raging bearmark in 2022. But, despite all this sandbox remains a prominent crypto to watch out for. Currently its one share is of price Rs. 70.
Axie Infinity (AXS)
Axie Infinity is an extremely well known metaverse gaming platform that became extremely popular during Covid-19 pandemic. When the world had come to a halt and people were losing jobs, this play to earn gaming platform helped them a lot to provide an income. In this game, players breed axies, train and personalize them after which they can sell or trade those axies, and hence creating a true in-game economy.
Axis Infinity has a wide range collection of axies and their NFTs are in high demand too. Bearmark has put a lot of pressure on this demand but as of now, we can see some recoveries. One thing that needs to be kept in mind is that Axie Infinity has gone through many attacks or hacks in 2022 and hackers in one hack were able steal about $650 million worth crypto. Currently its one share is of price Rs. 1050.
Enjin Coin (ENJ)
Enjin coin is a metaverse coin but not in the traditional sense we know of. Instead of becoming a metaverse game platform, it actually is a platform that is host to other game developers which can be run using ENJ token.
It means, with ENJ token you can access many metaverse games and actually participate in them. All the games of ENJ token’s NFTs can be interacted with each other and its value is derived from here itself. Thus, even if one game fails, there are several other games which can perform for the overall ecosystem. Currently its one share is of price Rs. 37.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
