While the metaverse concept has been around for a long time, it’s only recently that this blockchain-based innovation has started to transform into reality. With the surging interests surrounding this virtual reality realm, more and more people & organizations are exploring its untapped potential and possible applications. It is indeed wondrous how a parallel world can exist where you can play, earn, interact with the far way people, enjoy, attend gatherings, own buildings, and do everything you can possibly imagine.
Now, keep note that metaverse crypto coins carry great significance here as these virtual currencies power up this immersive space and facilitate the engagements within the metaverse.
In this article, we focus on inspecting the top metaverse coins that hold significance as a store-for-value like regular cryptocurrencies besides their basic functionality. But, first, let us look more closely at what exactly metaverse crypto coins are.
What are metaverse crypto coins?
Simply said, every metaverse project incorporates a native token which is essentially a cryptocurrency that is termed as “metaverse crypto” or “metaverse crypto coins.” These coins are used within the 3D universe for all transactions and governance purposes. For instance, participants can purchase many services and items like real estate, wearables, and other NFTs present in the metaverse via these unique tokens.
Many prominent metaverse cryptos are also listed on popular exchanges like Binance or Coinbase and bear value as investment products outside their respective metaverses. To pick out the highest potential assets, it is essential to carefully consider the options, weigh the pros and cons, and proficiently examine the relevant projects.
Top metaverse coins: 5 best metaverse crypto to buy now
Here is a list of the top 5 metaverse crypto coins selected on the basis of their strong fundamentals and upside capability.
1. Star Atlas (ATLAS)
Star Atlas is a space-centered metaverse project which allows the participants to experience extra-terrestrial ventures amid high-quality cinematic graphics. It is basically a metaverse-based MMPORG game that features a far away year, 2620, in a galaxy where multiple factions involve in conquests of territory.
ATLAS is the in-game metaverse crypto coin that can be used to purchase various items, including crew equipment, space ships, fuel, and food, among others, in the Star Atlas universe. Like other play-to-earn games, players can earn ATLAS by sending ships on missions and undertaking other challenges according to their skill level.
The project runs on the Solana blockchain, which is quite scalable and less expensive compared to Ethereum. Its native token, ATLAS, records a total circulating supply of 2.16 billion with a market cap of nearly $17 million. Currently, ATLAS is traded on FTX and Raydium as per Coin Market Cap data.
2. Illuvium (ILV)
Widely acknowledged as an AAA game, Illuvium is an open-world RPG game where participants can explore the extensive and beautiful landscapes. Within the Illuvium metaverse, players have to hunt unique creatures, known as Illuvials, and unfold the mysteries shrouding this world, together with their creatures.
More than 100 Illuvials with different characteristics and powers are present in the Illuvium world. Users can discover, capture, store, and upgrade these creatures to enhance their gameplay. The game’s NFTs, including Illuvials, skin, and other items, can be traded on its in-built exchanges, IlluviDex, as well as third-party platforms.
Illuvium is built upon the Ethereum blockchain via Immutable X. ILV, an ECR-20 token, is the native metaverse crypto of this project that allows the players to partake in its governance system. The token has a maximum circulating supply of 10 million, while its current market cap stands at $75 million. ILV is listed on Binance and OKX exchanges.
Although the game is set to be released sometime later this year, its private beta 1 version is live, which manifests the immense potential of this fantasy and exploration game.
3. Enjin (ENJ)
Enjin is one of the largest gaming and NFT networks that offers the developers an ideal platform to create and manage multiple blockchain-based products. This holistic forum integrates a variety of features to empower entrepreneurs and game creators. Developing parties can constitute games, art, music, or any NFT project, as well as customized crypto tokens on the Enjin platform in a simplified manner.
ENJ is the primary Ethereum-based metaverse crypto of this network that works like a gold standard. It means that the ENJ coin supports and backs the value of all NFTs and fungible items built using Enjin. Moreover, this token includes anti-inflationary properties due to a limited token supply, capped at 1 billion.
While ENJ’s main purpose is to facilitate transactions and buying & selling of products within the ecosystem, it also holds value as a regular cryptocurrency. ENJ can be easily found on several popular exchanges, including Binance, Uniswap, Bithumb, and OKX.
4. Theta Network (THETA)
Theta Network is a decentralized video streaming service with a touch of a metaverse that aims to transform the traditional streaming sector. This blockchain-powered platform offers innovative solutions to video-related problems via p2p sharing. It means that in the Theta universe, users contribute and share their excess bandwidth and computing resources with other parties to earn tokens called THETA.
THETA is the native metaverse crypto of Theta Network, which coin holders use to govern and secure this ecosystem. With a circulating supply of 1 billion, that is also its maximum supply; the token can be used for staking, producing blocks, and partaking in governance.
THETA is listed on many exchanges, such as Binance, Bybit, and OKX.
5. The Sandbox (SAND)
The Sandbox is a popular Ethereum-based metaverse where users can enact personalized experiences on virtual land plots. In The Sandbox universe, land owners can create and monetize anything imaginable on their parcels, whether it’s an art museum, virtual office, or another game.
This digital reality world is powered by the SAND token that players use for developing and trading NFTs within The Sandbox sphere. The SAND coin is awarded to the participants who complete specific missions and contribute to the game’s ecosystem, maintaining an efficient play-to-earn space.
SAND metaverse crypto has a current market capitalization of over $1.6 billion, with 1.28 billion coins in circulation out of a total of 3 billion. Many leading crypto exchanges have catalogued SAND tokens, such as Binance, BTCEX, and OKX, to name some.