Top Metaverse Token: Crypto to Invest in Now

Understanding the Metaverse coins

Definition and Concept

The crypto metaverse is a 3D virtual world accessible from various devices, where users can socialize, play games, work, and even live. In this digital world, Scotty the AI navigates across it to detect patterns, analyze blockchain data, and track transactions to detect fraud and security breaches. Users can transfer characters, digital assets, and currencies across games or receive rewards for owning items or completing objectives. Companies like Microsoft, Sony, Google, and Meta are building in this space.

NFTs and the Metaverse

Virtual land in the decentralized finance metaverse can take the form of digital real estate within crypto platforms such as Decentraland and Axie Infinity, as well as customizable cosmetic aspects and more. A metaverse project refers to virtual reality worlds that have their own distinct blockchain-backed crypto coins. Users can also create avatars to represent themselves within these virtual environments, purchasing related items and accessories to customize their digital personas. Decentralized metaverses rely on smart contracts to facilitate NFT transactions and automate operations. Smart contracts define marketplace fees and cannot be changed without DAO approval. Users can connect their MetaMask wallet to shop in metaverse marketplaces on Ethereum-based blockchains.

Top Metaverse Tokens by Market Capitalization

Importance of Market Capitalization

Market capitalization (or market cap) is the total dollar value of a company’s outstanding shares of stock. In the case of cryptocurrency, it’s the total dollar value of all the mined coins. Market cap measures a cryptocurrency’s value, provides a more detailed overview of a cryptocurrency, and compares its value across other cryptos.

Top 10 Metaverse Tokens by Market Cap

• Internet Computer (ICP) - Market cap: $3.72 billion
• Render (RNDR) - Market cap: $2.84 billion
• Stacks (STX) - Market cap: $2.54 billion
• FLOKI (FLOKI) - Market cap: $1.6 billion
• Theta Network (THETA) - Market cap: $1.55 billion
• Axie Infinity (AXS) - Market cap: $894.82 million
• MultiversX (EGLD) - Market cap: $787.03 million
• The Sandbox (SAND) - Market cap: $752.49 million
• Decentraland (MANA) - Market cap: $636.74 million
• ApeCoin (APE) - Market cap: $573.31 million

Each of these tokens is a native token used within their respective metaverse projects for various purposes such as purchasing land, transacting within the virtual world, staking, and accessing special features within the gaming environments.

Best Metaverse Coins to Invest in Today

Internet Computer (ICP)

Internet Computer (ICP) is a blockchain-based platform that transforms the public internet into a global computing platform, allowing users to host backend software directly on the internet. ICP powers decentralized applications and services at web speed, offering scalability and interoperability. It is governed by the Network Nervous System (NNS), ensuring decentralized and automated governance of the network.

Render (RNDR)

Render (RNDR) is a decentralized GPU rendering network built on the Ethereum blockchain. It connects users needing rendering power with GPU owners willing to rent out their unused processing capacity. RNDR provides cost-efficient and scalable rendering services, ensuring security through blockchain technology. It democratizes access to high-performance GPU computing, making it accessible to more creators and developers.

Other Promising Metaverse Investments

Theta Network (THETA)

Theta is the world’s first crypto video streaming decentralized application (dApp). THETA coins power the Theta network.

Axie Infinity (AXS)

Axie Infinity is a crypto play to earn in-browser game featuring characters called Axies. Players can buy, breed, and trade Axies, and use the AXS currency to make in-game purchases, while they earn rewards .

Decentraland (MANA)

Decentraland offers a 3D virtual reality world that users can access for free on a browser. Users create everything in this crypto metaverse reality, from scenes and establishments to entire villages and space adventures.

The Sandbox (SAND)

The Sandbox is a virtual gaming world where users can create gaming experiences and monetize their content. Players can use SAND tokens within the metaverse to purchase digital goods and participate in P2E.

Investing in Metaverse Tokens

Where to Buy Metaverse Coins

Those wondering where to buy metaverse crypto coins can do so via an exchange. Bigger exchanges like Binance and KuCoin have trading pairs for the majority of the larger cryptocurrencies, including the larger metaverse coins. Decentralized exchanges (DEXs) can also be used to purchase metaverse coins, but the user experience is often less intuitive.

How to Buy a Metaverse Coin

Metaverse coins can be traded like any other cryptocurrency. Bigger tokens can be purchased on cryptocurrency exchanges by swapping fiat money into the desired token. The more obscure metaverse tokens may not have liquidity for fiat trading pairs, requiring traders to first purchase a bigger cryptocurrency before swapping it into the more niche metaverse token.

The Future of Metaverse Coin

Unprecedented Upside Potential

From its launch, Internet Computer (ICP) showcased a groundbreaking approach to blockchain technology. Unlike many other cryptocurrencies, ICP aimed to decentralize the entire internet, making tech giants less powerful. The Internet Computer protocol proposed to host online services like social media, messaging, and storage directly on its public Web 3.0 cloud-like computing platform. This ambitious goal, combined with support from high-profile institutional investors like Andreessen Horowitz and Polychain Capital, positioned ICP as a significant player in the blockchain space.

Metaverse Concept Supported by Established Global Brands

While skeptics will argue that the metaverse is a fad, this sentiment isn’t shared by many of the world’s largest brands. For example, Facebook rebranded to Meta Platforms in late 2021, reflecting its plans to dominate the metaverse space in the coming years.

Summary of Top Metaverse Tokens to Invest in

In conclusion, our list of the best metaverse coins to buy right now is designed to help you make faster and safer investment decisions. Based on our analysis, Internet Computer is the top metaverse crypto right now.