Within this article, first, The Metaverse then the Top 7 Metaverse Coins will be introduced.
The metaverse, the latest iteration of virtual reality, has been gaining significant attention in recent times. It’s a virtual world accessed by people using virtual reality headsets, and it’s being seen as a new frontier that could be as transformative as the world wide web was a generation ago.
From shopping and entertainment to learning and gaming, tech firms are envisioning a wide range of possibilities for the metaverse.
Top 7 Metaverse Coins
In this context, certain cryptocurrencies, known as metaverse coins, are playing a crucial role in facilitating commerce and exchange within the metaverse. Here’s a look at seven top metaverse coins that have market capitalizations greater than $500 million:
ApeCoin (APE)
With a market cap of $1.8 billion, ApeCoin was airdropped to every holder of a Bored Ape or Mutant Ape NFT in March 2022. The goal behind APE is for voting and governance issues, and transacting within the “Ape metaverse.”
Internet Computer (ICP)
Developed by the Swiss nonprofit organization Dfinity Foundation, Internet Computer aims to replace the centralized internet with a decentralized alternative. It has a market cap of $1.7 billion.
Stacks (STX)
With a market cap of $1.3 billion, Stacks’ main goal is to bring Web3 decentralized applications (dApps) and smart contracts to Bitcoin.
Decentraland (MANA)
With a market cap of $1.2 billion, Decentraland is a virtual world where users can create avatars, navigate the online universe, and transact using the native token, MANA.
Theta Network (THETA)
With a market cap of $1.14 billion, Theta Network aims to decentralize video streaming, transferring power from companies to the masses and eliminating intermediaries.
Axie Infinity (AXS)
With a market cap of $1.09 billion, Axie Infinity emerged as the biggest “play-to-earn” game during the Covid-19 pandemic. Players pit cute-looking monsters against each other to win in-game tokens.
The Sandbox (SAND)
With a market cap of $1.02 billion, The Sandbox is a virtual world with native tokens to transact with in-game digital assets.
Conclusion
These metaverse coins can be traded like any other cryptocurrency on various exchanges. However, investing in these coins involves enormous risk due to their extreme volatility and vulnerability to huge drawdowns. Therefore, it’s crucial to do thorough research and invest only what you can afford to lose.
Please note that the metaverse is still in a nascent stage, featuring an ever-growing range of platforms and a rapidly changing environment. Therefore, it’s very hard to pick a winner at this point.
Whether the metaverse delivers on its goals or not remains a question as to which games, platforms, and applications will rise above others.
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