Metaverses became famous last year when Facebook rebranded itself to Meta. The Metaverses are virtual worlds where you could explore, meet people, visit galleries, attend concerts and do a lot of other things you won’t do in the real world.
These have their own economies that are based on cryptocurrency tokens usually.
If you are thinking you missed the metaverse boat, it is still in the beginning stages. Here we will talk about top ten metaverse cryptos you should pay attention to in 2022.
Top Metaverse Cryptos Of 2022
1. The Sandbox (SAND)
Sandbox gained momentum in 2021. It began its year in the red but now has found its place and has been on an upswing since then.
Until now, Sandbox’s success is more to do with its approach to this fast-growing ecosystem. This is attracting gamers who are looking for gaming to make money and have fun.
Apart from that, the rewards won or created in this Sandbox gaining ecosystem could be easily transferred to any other platform. This makes it one of the top platforms for gamers and creators who want to earn money off these gaming NFTs.
Seeing that the SAND token will be crucial to the transactions within the Sandbox ecosystem, its adoption is going to zoom in 2022. All these factors at play will ensure that SAND becomes one of the q0 best Metaverse crypto coins that would gain in 2022.
2. Decentraland (MANA)
The Decentraland opened the doors to the virtual world in February 2020, thus making it the first blockchain-based decentralized world. An exciting thing about the metaverse is that you could enter without connecting to the crypto wallet or opening an account. If you want to explore and understand the working of these digital universes, this is the best place to begin.
Decentraland, at present, is one of the most adopted cryptocurrencies in the market. In the late half of 2021, Decentraland was noticed when a part of its real estate worth $2.4 million got sold on its Metaverse.
The recent news received about Decentraland is about Samsung that opened its virtual store on this Metaverse. With a high-profile adoption, there is a complete chance that the Decentraland would perform really well in 2022.
Apart from the growing adoption, Decentraland gets an edge as it receives the entire essence of this Metaverse. This metaverse is community-owned, and people here can do whatever they want. Basically, anyone who has MANA tokens will have the power to determine how the decisions are taken on Decentraland. This could see MANA soar in this year and further, too.
3. Axie Infinity (AXS)
Axie Infinity is just like the other two mentioned above and remained a top Metaverse performer in 2021. In 2022 there are many reasons to hope that AXS would defeat this cryptocurrency market by a considerable margin and soar high.
One primary reason why Axie Infinity’s stock price zoomed in 2022 is the FOMO around these Metaverse cryptocurrencies.
As it becomes one of the most recognized Metaverse cryptocurrencies, it will see a hike in investments as the excitement around these Metaverse cryptos continues to zoom.
Apart from that, Axie Infinity comes with a strong and adequately funded developer team. In 212, the company that owned Axie Infinity managed to raise more than $150 million from the venture capital backers.
The money was efficiently used, and in October 2021, they released Axie Infinity version 2.
Market recognition and properly applied money machine makes the AXS one among the top 10 best Metaverse crypto coins.
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4. Enjin (ENJ)
Enjin is about the NFT, and these are the building blocks of the Metaverse. The platform allows people to create, store, list, and trade the NFTs in one place. It comes with various use cases. For example, the gamers might transfer the assets from one game to another. The musicians or artists could find new ways to monetize the music.
Many of the NFTs use this Ethereum blockchain as it is the most established smart contract crypto, and it also struggles with high gas fees. It may cost up to $100 in fees, which could be expensive for some of the users.
That is why many of the projects are shifting to newer networks that provide lower costs. Enjin is also developing self NFT- a focused blockchain known as Efinity or EFI. This could be a significant game-changer for Enjin.
5. Render (RNDR)
All the computer-generated worlds need visuals which in turn require a lot of processing power. Render is a decentralized network that users people’s idle graphics processing units (GPUs) and create such visuals. The network participants could earn tokens, and Render could provide the companies with high-definition graphics in a highly affordable way.
6. Wilder World (WILD)
Wilder World is a community-based platform that is 5D and can house a variety of games and NFT based projects. The users here can buy condos in Wiami, which is a virtual city which is based in Miami, and NFT cars to move around streets.
This is an enticing idea, but for an investor, it would have been interesting if they had a whitepaper on their site. It is different from the other tokens mentioned on this list. The Wilder world is not available from any of the top US crypto exchanges. Whatever way you take it, this is a good coin you could add to the watchlist if you are interested in other less developed metaverse tokens.
7. Terra Virtua Kolect (TVK)
Terra Virtua Kolect is one of the ten best Metaverse Crypto coins that could explode in 2022 for the low market capitalization. At present, TVK has just started and has around a $116 million market cap. This means there are still many scopes to grow as the investments in Metaverse increase.
But it is not just the low market cap that makes the TVK a worthy investment this year. Firstly it offers a variety of digital collectibles. It consists of multiple ideas like Godzilla v kong to Top Gun. This makes it a favorite of the gamers, which could work in favor of TVK in the coming year.
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8. RFOX (RFOX)
The Metaverse is like all other elements of the crypto market. Though it is nice to invest in significant-cap cryptocurrencies, the profit potential is more in lower-cap cryptos. That’s where RFOX is beneficial as it has a market cap of around $120 million.
Apart from the low market cap, there are basic reasons why RFOX is suitable as an investment. With most of the Metaverse cryptocurrencies focused on the gaming industry, the RFOX takes a superior approach to Metaverse with the aim to build a replica of the real world along with commerce on the metaverse.
That allows RFOX better scope of adoptions and could help in playing a significant role in the long-term growth. That is why RFOX is one of the ten best Metaverse crypto coins that will boom in 2022.
9. Star Atlas DAO (POLIS)
Atlas is a perfect Metaverse for gamers and futurists who wish to imagine the world in hundreds of years. Its way of working is quite simple the players solve all the problems in the futuristic version of this earth 600 + years after. Like other Metaverse projects, the aspect of earning the rewards that could be sold as NFTs makes POLIS an attractive Metaverse platform for gamers.
POLIS is the perfect investment because the token can be used for transactions within the Star Atlas DAO. This implies that more games can enter the Star Atlas DAO ecosystem, and the value of POLIS will rise.
10. Defina Finance (FINA)
While the crypto market is falling in the first few weeks of this year, FINA was on a roll. It was rising through this time, and the momentum will continue to rise.
Defina is a comparatively new platform, and it will give the gamers one single platform to collect and trade in the NFTs. All that the players create in this finance ecosystem, they own it. This makes this platform very attractive to the play and earns gamers who wish to build a portfolio of NFTs for any long-term wealth creation.
But the biggest reason why Define is a good buy this year is the token buyback program. In December last year, Define announced a BNB budget that was used to buy back the tokens from the secondary market and reward the staking. A highly plastic swap pool was created with around 40% of sales.
Like the share buyback program in stock markets is a factor that could help give FINA the boost it requires. It is for this reason FINA is one of the not worth missing ten best Metaverse crypto coins.
Smaller metaverse tokens can be hard to buy.
For US investors, one issue is that a number of new projects are not listed on any of the major platforms. Actually, most top metaverse tokens listed on CoinMarketCap are difficult to buy from any centralized US exchange.
Smaller tokens are riskier because they lack liquidity, increase in price volatility, and have a high scope of the project failing. Also, if you wish to use a decentralized platform, be sure it may not give the same protection as a centralized one.
Jumping on the crypto trend just when the token prices are at an all-time high is very risky. There is no guarantee that the prices will remain at this level, and you do not know to what extent the speculators have caused the jump in prices.