Youâve probably heard about the metaverse a lot lately, especially with Facebook rebranding as Meta, a company focused on creating a mainstream metaverse. However, more than Facebook, itâs the blockchain and cryptocurrencies that are playing the foundational role in creating the metaverse.
There are already many metaverse cryptocurrencies in swing, with many showing consistent gains in value. So if youâre considering investing in meta crypto or are generally just curious about it, this article will list the 10 metaverse crypto projects that are highly promising and could do very well in the upcoming year!
- Also learn about: How to Buy Virtual Real Estate in the Metaverse
Disclosure: No content in this article should be taken as financial advice. Investing can be risky, so it is recommended that you consult with your accounting, legal, and tax advisors before engaging in any kind of transaction.
But before we talk about the projects, letâs take a moment to understand the metaverse.
What is the Metaverse?
A metaverse is simply a virtual universe where people can work, shop, hang out, play games, create and sell NFTs, and even work out. Itâs a virtual reality (VR) environment with aspects of augmented reality (AR), social media, online gaming, and blockchain cryptocurrencies.Â
This 3D virtual world will offer a more immersive experience where users wonât just interact with the media but become part of it.
The role of cryptocurrency in the metaverse is that, like any other world with a currency, the metaverse virtual universe will have different cryptocurrencies as its currency. People will trade, shop, and make payments in those virtual worlds.
Many experts are hailing it as the future of the internet, with Facebook committing considerable investments in the field and making it a reality.
10 Interesting Metaverse Crypto Projects
Here are the 10 metaverse crypto projects you should know about:
1. Illuvium (ILV)
Illuvium (ILV) is the token that rewards players for in-game achievements on an open-world RPG game built on the Ethereum blockchain called, Illuvium If you love RPGs, this is a project to get really excited about. Players can go on quests, purchase land, NFTs, and engage in combat. “Illuvials” are the monster-like characters who roam the land which can be captured and fused for rarer ones.
The game also boasts the fact that they don’t deal with NFT GAS fees, due to their partnership with Immutable X. Players will be able to enjoy peer-to-peer trading and instant transactions while maintaining security.
Where can you purchase ILV?
If you live outside of the US, you can use Binance to purchase ILV. Use the link below to get 40% off trading fees.
If you live in the US, you can purchase ILV on Kucoin. Use the link below to get a welcome gift of 500 USDT.
2. Axie Infinity (AXS)
Axie Infinity is a one-of-a-kind crypto metaverse thatâs basically a game where players earn the AXS token by playing the game. But not just that, they also dictate how the game goes on, essentially taking control of their earnings in the game and using it as leverage.
Itâs different from the traditional view of a metaverse in that it doesnât focus so much on the VR aspect. In fact, it has extended its existing gaming platform to incorporate metaverse features, especially cryptocurrency.
The game is an arena game with characters called âAxiesâ that gamers can purchase. Now, hereâs where it gets interesting. Axies are actually NFTs (non-fungible tokens), as they are unique and can be made even rarer (and more valuable) by breeding. Users can combine with other Axies to make new Axies.
In addition to AXS tokens, there are additional tokens called Smooth Love Potion (SLP) that you can trade on the Axie marketplace.
While you may think itâs not really a metaverse project, it soon will be with the addition of a land project similar to that pioneered by Ethverse.
In terms of market cap, AXS is the biggest meta crypto on the list. So it has already shown its potential. Itâs also one of the most valuable metaverse cryptos in the market right now.
Where can you purchase AXS?
If you live outside of the US, you can use Binance to purchase AXS. Use the link below to get 40% off trading fees.
If you live in the US, you can purchase AXS on Binance.US. Use the link below to get 40% off trading fees.
3. Sandbox (SAND)
Another meta cryptocurrency riding a high wave is SAND, the crypto of The Sandbox. It has been seeing an upward performance trajectory for many weeks, which many think will continue well into the next year. But what is it?
In terms of the literal definition of a metaverse, Sandbox is the closest one. Itâs a virtual reality gaming environment where users can interact and explore. This means you do need a VR headset to participate.
The SAND crypto of the game can be generated by creating NFTs within the game. Users can use them in the game or sell on the marketplace. SAND is based on the Ethereum blockchain like many other such projects.
While its concept isnât as original, it has gained a lot of traction. With celebrities like Snoop Dogg and Deadmau5 partnering and Softbank throwing in $93 million in capital, the Sandbox has earned a solid reputation thus far.
Out of the predetermined supply of 3 billion tokens, less than one billion are already in circulation. So Sandbox (SAND) is already on the radar of crypto investors, especially those looking into the metaverse technology now.
Youâll also find that itâs similar to MANA by Decentraland.
Where can you purchase SAND?
If you live outside of the US, you can use Binance to purchase SAND. Use the link below to get 40% off trading fees.
If you live in the US, you can purchase SAND on Kucoin. Use the link below to get a welcome gift of 500 USDT.
4. GameSwap (GSWAP)
GameSwap is exactly what its name suggests: itâs a digital game where gamers can swap (trade) items, especially NFTs. GSWAP is the cryptocurrency used for the exchange and has been picking up a lot of steam lately.
As a decentralized gaming platform, itâs based on the same ideals as traditional cryptocurrency networks. Users can create and sell their very own NFTs. Developed by Shroom Finance, GSWAP is based on Shroom protocol, which, in turn, is based on the Ethereum blockchain.
You can think of it as a cross between the metaverse and NFT marketplace. Itâs expected that GameSwap will also incorporate other meta crypto games like Axie Infinity.
It also provides liquidity for the assets held in GSWAP, the native crypto of the game. So it may also attract retail investors simply looking to make money off this new wave of metaverse cryptos. Of course, it can also be a viable option for those long-haul investors.
What really sets GameSwap apart is that the creators havenât just focused on the crypto or NFT aspect but also the game’s graphics. Therefore, itâs genuinely a futuristic gaming environment that gamers will appreciate.
The trading section is well-presented on the app, making it easier for even novice users to trade fungible and non-fungible assets.
Where can you purchase GSWAP?
You can purchase GSWAP on Uniswap or BKEK exchange.
5. Yield Guild Games (YGG)
One of the recent players in the crypto metaverse space is Yield Guild Games, founded in 2020. Itâs based out of Southeast Asia, showing how rapidly this phenomenon is spreading globally. Itâs just another one of the many play-to-earn games where you play the game to earn cryptocurrency (YGG).
More importantly, Yield Guild Games partners with many organizations and collectives in the blockchain world to make its mark. And if the market cap and trading volume are anything to go by, itâs working.
Instead of making their own NFTs, players can earn NFTs by playing the game. The game refers to its members as âscholars.â So as a scholar, you get loaned NFTs, as well as earn crypto tokens.
While itâs still in its infancy, the number of scholars on the game is gradually rising. As a new player and, that too, from another region, Yield Guild Games shows immense potential.
The capital backing and initial seed investment by companies like Delphi Digital and BITKRAFT are also reassuring.
Where can you purchase YGG?
If you live outside of the US, you can use Binance to purchase YGG. Use the link below to get 40% off trading fees.
If you live in the US, you can purchase YGG on Kucoin. Use the link below to get a welcome gift of 500 USDT.
6. Decentraland (MANA)
Decentraland presented, or should we say, perfected the initial idea of the metaverse. Launched in 2015, it started as a virtual space for socializing. However, it wasnât until the NFT boom that the platform got recognition. As a result, its crypto, MANA, has seen considerable gains.
For many NFT owners, the Decentraland metaverse became the platform to display their assets. But thatâs not all there is to it, as it is focusing more on crypto.
Even Sothebyâs in New York City bought a plot of land in Decentraland and created an iteration of their NYC headquarters. Now, thatâs saying something!
MANA, in terms of value, has seen its dips and rises. Particularly, with the announcement of Facebookâs metaverse project, it saw a sharp rise in its prices. So thereâs even more interest in this gaming and NFT virtual environment.
If we simply base its future on its recent performance, itâs safe to say that MANA and Decentraland have massive potential.
If youâve played games like Animal Crossing or Second Life, youâll find the concept of Decentraland to be very similar.
As a decentralized game, all the games’ assets are controlled by the users, so the whole game is essentially controlled by the gamers who create and own assets on it.
Where can you purchase MANA?
Anyone can use Coinbase to purchase MANA. Use the link below to get $5 just for signing up.
7. Terra Virtua Kolect (TVK)
Terra Virtua Kolect is a marketplace and virtual environment where NFT creators, sellers, and buyers can interact and trade. Not just that, it also offers a tool to create innovative NFTs, basically digital art, with the help of Terra Forma tools.
You can also hire others to create NFTs for you. For all these services and exchanges, the currency is used in TVK.
While not too old, as it was founded in 2017, itâs seen gradual growth and is a contender for one of the top metaverse-related cryptocurrencies. The creators of this project are now rolling out even more features, such as the Terra Virtua Prestige, which is a loyalty program.
One can use and explore Terra Virtua Kolect on both the web and mobile.
Where can you purchase TVK?
Anyone can use Gate.io to purchase TVK. Use the link below to get $50 cash back.
8. Epik Prime (EPIK)
Epik Prime is not much different from many of the other metaverse projects with cryptocurrencies. For Epik Prime, the tokens are EPIK, which are readily available on many exchanges.
What makes it a little different is that these tokens can be used for various purposes. However, most users use it for purchasing NFTs. You can also sell NFTs through your very own marketplace.
As most tokens in crypto projects are initiated without any clear application or product in sight, EPIK Prime took a different approach. By harnessing the increasingly popular NFT farming market, it made clear that users could use the platform and the tokens for this purpose.
It has partnered with AAA Games, which means anyone can now buy EPIK tokens and use them in the virtual game environment.
As theyâve incorporated a game, finally, an influx of gamers are expected onto the platform. Thatâs nothing but good news for EPIK Prime.
9. Highstreet (HIGH)
Highstreet is a crypto project combining retail, gaming, virtual reality, and, of course, cryptocurrency. It can create Shopify stores on MMORPG, which is a metaverse gaming environment. So itâs bringing businesses into the fold of immersive gaming.
This could potentially have huge implications, as this is one of the main objectives of many metaverse projects, i.e., creating a virtual environment where people can shop, interact, and play games.
The game itself is inspired by classics like World of Warcraft and Maplestory, so if youâre an avid gamer, this one is for you.
Luckily enough, Highstreet has earned the backing of some prominent names, including the tech company HTC.
The only drawback is that you canât buy the crypto HIGH with fiat money on exchanges, even though itâs listed. Youâll first need to buy ETH and then trade them with HIGH. The Highstreet platform needs to work on making HIGH more readily available to beginner investors.
10. Floki Inu (FLOKI) – Meme Coin Alert!
Just like Dogecoin, the Floki Inu and its crypto FLOKI are based on the famous Shiba Inu memes by Elon Musk. Now, you might think this is probably not worth your while, but like Dogecoin, itâs proving to be something relevant.
It combines memes with actual use cases. You can buy FLOKI from Uniswap and PancakeSwap.
This one is still in its infancy as the projects have only just been initiated, including play-to-earn NFTs (Valhalla). It seems like this is the one to watch in 2022, as people seem to like anything linked with memes a lot.
Where can you purchase FLOKI?
Anyone can purchase FLOKI through Gate.io. Sign up with the link below and get $50 cash back.
The Bottom Line
Metaverse may just be the next big thing in social media, gaming, and the overall internet. However, a lot of it is riding on cryptocurrencies. Therefore, these new projects combining the two big things in technology and finance may just be the pot of gold people are looking for.
Of course, not all projects may work out, but these show the most promise and have investors and market data to back up their plan to dominate.