Metaverse coins are the currencies that people use in Metaverse. Users can create, buy, and sell token goods and funds.
2021 was the year that many people discovered the world of cryptocurrencies. We are talking about Bitcoin and Ethereum and altcoins like Dogecoin and Shiba Inu and Web 3 tokens like Mana and FTM and terms like non-fungible chips (NFT) and Metaverse. One of those cryptocurrency sectors that will thrive this year is the world of Web 3.0, which users believe is the future of the internet. This piece will help you better understand the great crypto space and its elements.
For 2022, I am optimistic in 5 crypto sectors:
- Web 3.0
- Games and Metaverse
- Public Blockchains
- Decentralized Finance (DeFi)
What is the Metaverse?
Metaverse is a “parallel digital universe” in which you can create your own digital avatar and work, travel, learn, play and have fun.
One of the easiest ways to understand the Metaverse is to watch these movies: Ready Player One, Avatar, and Wreck-It Ralph.
The best games and cryptocurrencies in the Metaverse
In my opinion, the most important Metaverse and cryptocurrencies for games for 2022 are:
- Infinite axis (AXS)
- Enjin Coin (ENJ)
- Gala (GALA)
- Decentralized (MANA)
- Sandbox (SAND)
Axie Infinite (AXS)
Axie Infinity is a “fighting game” in which users fight Axies (creatures or characters) in real-time. Each axis is a unique ERC-721 non-fungible (NFT) token.
Axie Infinity Shards (AXS) are ERC20 tokens governing the Axie universe. AXS holders can claim rewards by betting tokens, playing, and participating in government. Players can also earn AXS by playing and generating content.
Smooth Love Potions (SLP) is an ERC20 token that you earn by playing and you can use it to generate new Axies.
Enjin Coin (ENJ)
The Enjin platform is a service that lets game developers issue both fungible and non-fungible assets in the game in the form of Ethereum tokens. Enjin Marketplace allows you to buy and sell ERC-1155 assets.
ENJ is an Ethereum-based cryptocurrency that accepts the value of both fungible and NFTs.
This is a gaming platform that is partly owned and operated by its players. Players can earn GALA tokens by playing games.
GALA is a “non-refundable utility token” that is used as a means of exchange between users of the Gala Games ecosystem. Also, it can be used to influence which games Gala is to play.
Decentraland is an Eth-based “virtual reality platform” where users can buy, build, and monetize virtual lands.
Decentraland uses two tokens: LAND and MANA.
MANA is an ERC-20 coin that you can use to purchase non-fungible ERC-721 LAND tokens. You can use Mana tokens to pay for names, avatars, clothing, etc., in the decentralized market.
Sandbox is a blockchain-based metaverse (virtual world) with a “play to win” model. Its native utility token is $SAND. The Metaverse consists of digital real estate plots called LAND.
Gamers can create, own, and monetize gaming experiences using non-fungible chips (NFTs) and $SAND. Digital assets created by gamers, such as NFTs, can be incorporated into Sandbox Game Maker games.
Haley Hayward is an experienced writer at gblogo.com, where she’s credited with more than 200 articles covering everything from entrepreneurial stories to mental health at work.
She also oversees the Comment&Questions, which poses important admission questions to experts in the field, and regularly hosts webinars on various aspects of the business school experience.
Prior to joining gblogo.com, Haley honed her skills as a freelance writer, tackling a wide array of topics from petcare to car maintenance.
Haley holds a Master’s degree in English Literature from the University of Edinburgh, Scotland.