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The best metaverse-centric cryptocurrencies are digital assets that have the potential to positively alter our world as tech giants like Facebook and Microsoft work to launch expanding alternate universes that transcend our physical world.
Interest in metaverse-centric cryptocurrencies soared after Facebook announced its new name: Meta. The social media giant withdrew its previous name, Facebook, because it considers that it only represents a singular product. “Meta,” the prefix for the word “metaverse,” implies the concept of virtual worlds and shared communities, which is the brand Facebook hopes to encapsulate.
Microsoft is also dabbling in the world of metaverses. It recently introduced Mesh for Teams, a virtual workplace (Facebook has something similar called Horizon Workrooms). Therefore, the most daring investors are eager to get hold of the best cryptocurrencies focused on metaverses.
Fortunately, we’ve done some research and know which cryptocurrencies you should be aware of. Check out our list below to grab some of the best metaverse-focused cryptocurrencies of 2021.
Note: This is not financial advice. It is for educational purposes only. Remember that cryptocurrencies are a very volatile asset class; Invest only what you can afford to lose.What is the best metaverse-focused cryptocurrency in 2022?
The best metaverse-centric cryptocurrency is SAND, a token launched by The Sandbox. In early November, SoftBank (one of the world’s most influential tech companies), invested a whopping $93 million in The Sandbox metaverse game. With such a powerful backing on its team, The Sandbox is now in the spotlight as a metaverse platform that investors should be aware of.
To understand how SAND comes into play, you have to know what exactly The Sandbox is. The SandBox is a virtual metaverse that allows users to build, own and even monetize their virtual experiences. SandBox plans to displace developers of games like Roblox and Minecraft by giving creators the opportunity to develop their own virtual worlds without a central authority.
To participate in The SandBox, you will need to own a token called SAND. This metaverse cryptocurrency is needed to play virtual games, buy digital equipment, and customize your avatar. You can also earn SAND during the game.
Of course, SAND isn’t the only metaverse-focused cryptocurrency that exists on the market. Other tokens that have caught the attention of metaverse investors are Decentraland (MANA), MetaHero (HERO) and others. The best metaverse-focused cryptocurrencies in 2022:1. The Sandbox (SAND)
SAND is the native token of The SandBox, a blockchain-based game and metaverse that allows you to buy, sell and bet various non-fungible token assets (NFT), i.e. virtual parcels.
SAND works on the Ethereum blockchain. One of the advantages is that Ethereum is a secure and stable network. On the other hand, Ethereum is known for imposing steep gas fees on users who want to transact on its blockchain, making it a disadvantage of buying SAND.
- Where to buy SAND: Binance, KuCoin, BitHumb
2. Decentraland (MANA)
Decentraland, known as a “virtual social world,” encapsulates everything that is the metaverse. To be brief and concise, Decentraland, launched in 2015, is a digital environment that mimics the physical realm. At Decentraland, you can attend virtual events, play games, trade digital goods in markets, and hang out with other members from around the world.
Players who have explored Decentraland say it’s reminiscent of Second Life, VRChat, and even Animal Crossing. All virtual elements of Decentraland are autonomously owned by its players. Users can secure virtual ownership through a cryptocurrency called MANA, which, like SAND, runs on the Ethereum blockchain.
- Where to buy MANA: Binance, Coinbase, KuCoin, Kraken
3. Metahero (HERO)
Metahero is not as established as Decentraland; was launched this year. However, its token, HERO, is attracting a lot of attention among metaverse experts due to Metahero’s fascinating and mind-blowing project.
Metahero is a 3D scanning technology that recreates real-world objects, including humans, and turns them into ultra HD avatars. In other words, Metahero’s main mission is to move physical objects into the digital and virtual realm. These virtual objects are also minted as NFT.
According to CoinMarketCap, Metahero already has an operational and ready-to-scan 4K public chamber in Doha, Qatar. The team plans to place more scanning cameras in Tokyo, Berlin, New York, Seoul and more.
To use Metahero, you will need to get HERO tokens. HERO is built on Binance’s smart chain, so you don’t have to worry about paying Ethereum gas fees that are a hindrance.
- Where to buy Metahero: KuCoin, Gate.io, PancakeSwap
4. Star Atlas (ATLAS)
Star Atlas is a virtual game world that takes place in the year 2620. As a citizen of Star Atlas, it’s up to you to excel at territorial conquest, political domination, and resource gathering. While fighting in the intergalactic conflict, you will have the opportunity to earn rewards in the form of tokens.
ATLAS is the main currency of the Star Atlas game, which fortunately works with Solana. I say “fortunately” because Solana is known as the “Ethereum killer.” It is designed to offer the same services that Ethereum offers, but without the high gas fees and poor scalability.
Players can use ATLAS to purchase digital assets such as ships, crew, terrain, and equipment. Another in-game currency that can be obtained in Star Atlas is POLIS, which is mainly used for in-game governance procedures (e.g. the publication of laws and decrees as the leader of Star Atlas).
- Where to buy ATLAS: FTX, Gate.io, Raydium
5. Bloktopia (BLOK)
Bloktopia is a metaverse that features a 21-storey virtual skyscraper. Why 21? Well, the Bloktopia team wants to pay tribute to Bitcoin, which has a cap of 21 million. In this virtual reality skyscraper, Bloktopia members can create their own avatars, socialize, learn about cryptocurrencies, and buy metaverse “real estate.”
With this virtual reality real estate offer, users will be able to create works of art, games, challenges, scenes and much more with a simple construction tool that will be at their disposal. Bloktopia works with Polygon, which uses the MATIC token to power its network. Unlike Ethereum, it allows for affordable and fast transactions.
- Where to buy BLOK: KuCoin, Gate.io, Quickswap
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