As Facebook is the home of social connecting, its new world Metaverse is the hub of virtual networking. Day-by-day crypto is taking over the world and revolutionising it. The cryptocurrency in India is also finding its establishment among potential Indian investors.
With the means of augmented and virtual reality headsets, one can explore the Metaverse and avail of its exciting features like watching movies, hanging out with friends and communicating with them, taking part in adventures and others.
Every day, the Metaverse is carving its path towards the next evolution of the Internet i.e., focusing all its efforts on decentralisation via blockchain mechanisms and so forth.
Metaverse is the epitome of digital worlds and has been offering new experiences such as gaming, concerts, and so on to its ever-increasing number of users. But, to persist its longevity in the virtual space, they launched their governance token known as the Metaverse coin.
What do you mean by Metaverse Coins?
Being the founder and creator of the online world Metaverse, Facebook, now known by the new name Meta (house of Whatsapp Messenger, Instagram and Facebook) now delved into its interest in the crypto sphere. Metaverse being a cybernetic universe, is also the facilitator of buying, selling, and exchanging currencies and so forth.
This digital space is a power-packed house, incorporating virtual mechanisms like augmented and virtual reality and trading features.
Here, in the Metaverse, if a user wants to purchase any service or goods, any transaction occurring will be made with the means of Metaverse coins as a payment method.
Let’s take a look at some of the finest metaverse coins to watch in 2022, which every investor should invest in:
The Sandbox (SAND)
Formed in 2012 but launched in 2018 by Animoca Brands, Sandbox added a new approach to its virtual space by adopting the aspect of blockchain technology. The main aim of this platform is to integrate Play2Earn, NFTs and DAOs and implement a loftier gaming experience for users, with the support from the blockchain.
Enjin (ENJ) being a metaverse-style coin or token can aid an individual to progress further in the game by purchasing assets. What’s more, this coin can be minted by the user.
- Decentraland (MANA)
Launched in 2017, Decentraland (MANA) has become the most appraised metaverse. It is a 3D web-oriented virtual world where users can buy properties or other assets, and also play games with different players. In 2017, they garnered $24 million in their offering of the coin for the first time.
Floki Inu (FLOKI)
Applicable for being a metaverse coin, Floki Inu (FLOKI) as a dog-meme-based cryptocurrency, is an undervalued cryptocurrency that aims to unify real-world use cases with memes. This metaverse platform also wishes to launch a content and education platform, game and an NFT marketplace. As the project is still in development, it is not stopping people from investing in the FLOKI coin.
- Theta Network (THETA)
Being in a partnership with Sony and Samsung, the Theta Network hosts digital live events. Although Theta Network might provide intriguing features, it lacks in the technological facet. Furthermore, it facilitates a decentralised ecosystem where people can get access to every online gaming feature.
- Axie Infinity (AXS)
Axie Infinity driven by blockchain has already begun gaining recognition amongst the popular brands in gaming like NFT gaming and Play2Earn. It is a decentralised platform which revolves around breeding and collection of computer-generated pets by competing in a card game, and other things.
These metaverse projects have ample potential to outdo the other competitors in the Metaverse world imbued with blockchain technology and cryptocurrency.
If you want to dive deeper into the Metaverse sphere and invest in the above-mentioned metaverse coins, or learn more about cryptocurrencies, explore now with one of the greatest cryptocurrency platforms in India such as WazirX!