Facebook and its global Meta Platforms rebranding clearly demonstrate that serious companies are not just eyeing the metaverse sector but also see the future in it. And it is not surprising because this is the next version of the Internet, a combination of 3D worlds and social networks.
And in the case of the crypto industry, users also have a real opportunity to make money. Today, we’ll consider the best metaverse tokens at the end of 2021. These coins confidently grow in the exchange rate and market cap and provide their holders with a number of privileges.
The Key Role of Metaverse Crypto Tokens
One of the central ideas behind metaverses is that users will be able to express themselves as freely as possible without any censorship. Metaverse is a kind of virtual world, where people are presented as avatars and can chat or otherwise interact with each other (for example, trade).
Given the growing number of blockchain gaming projects, there is no shortage of opportunities for diversification. The current metaverses are in the early stages of development, but one can already distinguish such a feature as digital property ownership using NFTs.
Metaverse crypto tokens play a key role in blockchain project management, user incentives, and NFT trading. These are standard crypto tokens that run on their own blockchain or Ethereum and BSC. NFT tokens are freely bought or sold on the crypto market, while the in-game currencies of traditional games are useless outside the project.
Best Metaverse Tokens List: Top 5 Tokens to Know
The top metaverse tokens listed really have great prospects for several reasons. First, the projects associated with them are actively developing. The developers constantly introduce new functions, hold promotions, and communicate with players on social networks. Thus, the asset also becomes more valuable over time. Secondly, they have already established themselves as metaverse crypto tokens that can demonstrate strong growth, even in a bear market.
#1 Decentraland (MANA)
- Token’s rate: $3.59
- Market cap: $6,520,237,124
- Annual growth rate: +4,648%
Decentraland is the very first thing that comes to mind when discussing top metaverse tokens. It is a virtual world for communication at its core, which gradually increased in popularity and recognition several months after its launch. The project aroused great interest, particularly among digital artists who organize paintings exhibitions here. Even the auction house Sotheby’s bought one of the land parcels in Decentraland and modeled its New York headquarters there.
The $MANA rate dropped for a while but rose again after increasing interest in NFT. The volume of trade also increased significantly. Decentraland is trending right now, especially among those who care about real decentralization and user control. The metaverse provides players with various interactive experiences, including concerts and festivals, and entertainment venues similar to those in the real world.
#2 The Sandbox (SAND)
- Token’s rate: $5.26
- Market cap: $4,793,194,455
- Annual growth rate: +13,812%
The Sandbox is a metaverse, which allows players to trade digital land plots and many other assets, using one of the best metaverse tokens for this purpose — $SAND. Users can create and edit any object, whatever their heart desires, and monetize their creative experience. The project is supported by the influential technology and investment company SoftBank.
Players decide for themselves what they will do within the platform — create and sell assets or their own games, play other users’ games, collect in-game objects.
The metaverse is based on the Ethereum blockchain. On the one hand, this provides a high level of security. On the other hand, commission fees are very high from time to time on the network. Yet this system offers one of the simplest and most intuitive digital environments for creativity, exploration, and communication. Many of the games featured are supported by well-known partners and brands such as Walking Dead or Snoop Dogg.
#3 Axie Infinity (AXS)
- Token’s rate: $103.89
- Market cap: $6,305,512,689
- Annual growth rate: +28,006%
Hundreds of thousands of users play Axie Infinity every day, and the game’s native token, $AXS, is considered one of the top metaverse tokens. The Axie Infinity metaverse allows players to create and manage Axie creatures, search for rare resources, hunt for treasures, and earn financial rewards for in-game activities.
The cost of Axie can vary from $150 to $100,000, depending on what rare attributes they possess. The Axie Infinity project is based on the Ethereum blockchain. Thus, fees can increase when there are many transactions on the network.
First of all, the platform is tied to a fighting game. Axies are used during PvP and PvE battles. Each pet is an NFT. Users can breed their pets, creating more powerful and rare ones, using another platform token $SLP (Smooth Love Potion). You can buy or earn $SLP while playing the game.
#4 Enjin (ENJ)
- Token’s rate: $2.56
- Market cap: $2,152,204,624
- Annual growth rate: +2,033%
The Enjin platform allows participants to work with digital goods and assets, integrate them into blockchain apps. Thus, an app developer needs to assign value to the product by locking $ENJ tokens in the smart contract. After that, ordinary users will be able to sell or use digital assets, and a smart contract will regulate the process. When a digital item is sold, its seller receives $ENJ. Users can store $ENJs in the platform’s own wallet.
Thus, Enjin offers a truly unique experience in the crypto market, helping companies empower themselves and their users with NFTs and QR codes and interact with each other via sites, apps, and games. The network is decentralized and based on Ethereum.
#5 Theta (THETA)
- Token’s rate: $4.36
- Market cap: $4,359,721,410
- Annual growth rate: +930%
Theta is a blockchain infrastructure for video streaming that provides both technical solutions and economic incentives. The bottom line is that participants share bandwidth and computing power within a peer-to-peer network. The platform strives to provide the best conditions for content creators and consumers.
Today, the video streaming industry has a number of disadvantages — low-quality content, lack of any transparency, problems of centralized management, high service fees are common issues. Theta wants to become an alternative and is actively pursuing this goal. The company has already patented several decentralized data transfer and delivery technologies.
In the blockchain-based metaverses, players buy, sell, exchange many digital objects — land plots, skins, in-game characters. These objects are presented as NFT tokens and are freely sold on the respective marketplaces.
Metaverse crypto tokens open up access to this industry, allow you to make money both on the sale of NFTs and on the growth of the market rate. In addition, they can allow influencing the development of projects with voting. These tokens can be great investments. Still, it is a new and extremely volatile sphere with enormous risks. Thus, investors should never forget about the DYOR rule (do your own research), that is, conduct their own research and not blindly follow someone else’s opinion.
What are the best metaverse tokens? Feel free to share your favorite ones in the comments below. Have a great weekend!