KokoYo, Chinarainbow.org – The metaverse coin list and its development in 2022 seems to be interesting information that wants to plunge into the ‘New World’. As is known, Metaverse is now being predicted to be in the future technology based on virtual.
The metaverse is a three-dimensional (3D) universe consisting of much virtual space. A number of investors have even joined the virtual universe project. It is not an exaggeration when the Metaverse is referred to as duplication of the universe.
Remembering, the Metaverse entity as a new world will allow its users to meet, work, socialize to play games online in a 3D world.
List of Metaverse coins and their development
Meanwhile, cryptocurrency has now become a very important part of the Metaverse. The reason is, cryptocurrencies become utility tokens in the new world. While non-fungible tokens (NFT) become tokens that are specifically intended for virtual collectibles.
Although it is still very early, many Cryptocurrency projects have started that focus the attention of Metaverse. Call it Axie Infinity, The Sandbox, and Decentraland which are the three most prominent crypto coins in the Metaverse by far.
The good news is that since the metaverse project is fairly new, the price of the coin is still quite low. This opens up investment opportunities for almost everyone.
Here is a list of 5 metaverse coins and their development in 2022
1. Axie Infinity (AXS)
The first metaverse coin is Axie Infinity. AXS is basically a Blockchain-based game that is quite popular in 2021 with the rise of its players. To be able to play this game, players must have Axies or characters in the form of digital pets in this blockchain game. These axies are non-fungible tokens (NFT) that can be purchased and traded by gamers.
For example, they can breed new Axies by combining two Axies. There is also virtual real estate in the Axie Infinity metaverse, which could bring in more investors who aren’t just gamers. For example, a plot of land recently sold for $2.3 million.
Allocated to Where? Axie has one of the largest market capitalizations of all crypto metaverses, with a value of over $5 billion with YTD (Year to date) performance of -20.91 percent. That achievement may not seem promising to many investors. Nevertheless, the price of the coin has now slowly started to rise again.
The Metaverse crypto Sandbox project has shown impressive performance. The original token of the SAND platform consistently increased during 2021 and eventually crossed the $1 mark in the last quarter, continuing its upward trajectory.
With the VR aspect, the project embodies the metaverse’s vision. It is basically a game but it is heavily based on NFT creation and trading. Players can create NFT using sand metaverse tokens.
Like countless other crypto projects, this one is based on Ethereum.
Another promising factor is that it has a limited coin supply of three billion tokens, of which more than 680 million are in use. Its market capitalization reached 3.690 billion US dollars as of January 19, 2022. This token has a performance of YTD 462.52 percent, which shows how well it is performing.
3. Decentraland (MANA)
In terms of popularity, Decentraland is one of the crypto metaverse projects that is often in the spotlight.
Many NFT owners started using this platform to show off their NFT. But NFT isn’t the only one on this Metaverse platform. As a main feature, you can also buy virtual land, as the name implies.
Sotheby’s, a luxury goods and art broker, bought a plot of land in Decentraland and used it to create a replica of their London office. This shows that even large companies are eyeing the Metaverse project.
Created in 2017, MANA is one of those old projects that takes time to gain recognition. Although MANA’s performance has not been something to note, its market capitalization will impressively reach $6 billion by early 2022. YTD performance has reached 247.45 percent.
4. Floki Inu (FLOKI)
The next metaverse coin list is Floki Inu. FLOKI is one of the dog meme-based cryptocurrencies, but it is in the process of a viable crypto metaverse, especially for those looking for an underappreciated cryptocurrency.
The currency is named after Elon Musk’s dog, which is the Shiba Inu, which is also the name of other crypto projects. There is no market capitalization in Floki Inu. Since its launch in July 2021, the coin has seen a staggering increase of 1331.53 percent.
5. Highstreet (HIGH) Highstreet
It is an exciting and potential Metaverse project. At least in terms of metaverse applications. First, you can shop for items within this virtual universe using HIGH currency. Some Shopify stores are already integrated into the gaming platform.
From a real-world point of view or for that matter, the meta world. The project has achieved what metaverse technology promises.
The project is backed by technology company HTC and, by August 2021, had raised $5 million. Its market capitalization as of January 2022 was over $85 million. Since opening in October 2021, the value of the coin has increased by at least 90 percent.
That was the 5th list of Metaverse coins and their development in 2022. The five can be used as a reference for those of you who are interested in investing or just having fun in the Metaverse.