With the development of the online gaming industry, more and more people have become interested in this area. As a result, many of them started making money by playing. It was only a matter of time before the Metaverse coins began to appear. Such assets help players earn or trade while playing. In addition, it contributes to the emergence of interest among investors in search of lucrative offers. We have selected the five best coins of the Metaverse that can be considered as an investment tool.
What is the Metaverse
In a recent article, we talked in detail about what the Metaverse is. But if you try to explain it briefly, then this is an idea that stuck in the heads of developers and science fiction writers for a long time. The idea is that in the future, people will be able to interact with each other in the virtual world using avatars. The concept has existed for more than one decade, and the main breakthrough occurred in the early nineties. However, until now, no one has been able to implement this kind of online project where humanity could connect together in one space. There are small virtual reality projects where people can log in, explore a small space, and interact with other users. All of them are called the Metaverse.
But what does all this have to do with cryptocurrency? The virtual world is mostly blockchain powered. The presence of a token that is associated with the Metaverse can give participants the ability to manage space, create their own landscape and buy skins for avatars. In addition, in many metaverses there is an opportunity to buy something, for example NFT, and they are acquired just for tokens.
Next, we present the top coins at the moment that exist in the metaverse.
The Sandbox (SAND)
Sandbox is a gaming platform where players can create and monetize experiences. It works on the Ethereum blockchain and has a Metaverse, where the user can create their own virtual world. In addition, in the game, users have the opportunity to buy land and interact with the NFT. The SAND Whitepaper says that token holders have a vote on key elements of the game and can propose changes to content. SAND owners can vote themselves or transfer voting rights to other players at their discretion. SAND currently has a market capitalization of over $4 billion.
Immutable x (IMX)
Another coin to look out for in the context of the metaverse is Immutable x. The difference from other similar tokens is that it does not support any specific Metaverse, there is no virtual world that could be explored. Rather, it aims to support a system that allows people to create and trade their own NFTs.
The network was created by the Australians and is designed to create a scalable solution for NFT traders on the Ethereum blockchain. The idea is that today most of the NFT trading takes a long time, but using the Immutable protocol you can speed up this process. The token is used for governance, so owners can vote on proposals related to how the system works.
Immutable X has announced a partnership with OpeanSea NFT, which is great news for a token. The market capitalization of the token is about $895 million.
Ultra (UOS)
Ultra Cryptocurrency (UOS) is designed to operate in a blockchain-based game distribution system. The main difference from others is that people not only have the opportunity to buy games from developers and use them, but also resell them.
The official website of the system states: “Ultra is an entertainment platform that provides various services to the gaming industry. You can buy, play, watch live broadcasts, interact with other users, participate in contests and tournaments.”
The UOS token is used to pay for advertising, trade and participate in beta testing. It can also be used in loyalty programs of the system. The market capitalization of the token is about $350 million.
Illuvium (ILV)
This token is a classic cryptocurrency of the Metaverse. It is used in the online game Illuvium. The game is built on the Ethereum blockchain and is a cross between open world exploration and player versus player (PvP) combat. Users search, defeat and collect creatures called Illuvials.
The difference between this game and others is that NFT is not the only way to get crypto in the game. For example, a player can earn ILV using a series of decentralized applications (DApps) that include profitable farming and a decentralized crypto exchange. However, players can still sell illuvials in the gaming market, although the game claims to be less focused on cryptocurrency and more on gameplay.
Market cap is $697 million.
Vulcan Forged (PYR)
Vulcan Forged Metaverse Coin. The platform contains several games. The main feature of the project is that the games are based on Greek mythology. There is VulcanVerse, which gives people the ability to buy, sell and develop land. There is Anvil which allows people to host NFTs for free. Bezerk is a collectible card game that uses Anvil’s NFTs and VulcanVerse. There is also Frenzy, where players create their own combat tournaments. The PYR token is paid to players as rewards. The market cap of the coin is $397 million.
Conclusion
We have listed only five assets that are used in the Metaverse today. The time is not far off when the Metaverse will be used everywhere, and along with this, their coins will begin to rise in value. Therefore, in order not to miss the opportunity, it is worth starting investing and trading digital assets today. A trader’s assistant, a trading bot, can help with this. One of the segment leaders is the bot – RevenueBot. The service provides the opportunity to create trading bots on the largest cryptocurrency exchanges: Binance, Bittrex, Bitfinex, Exmo and others. Creating a bot is free of charge, the service will not take commissions until the client begins to make a profit from trading the bot. With the help of deep settings of the bot, the service’s clients implement trading strategies that are problematic to experience in normal trading. We will immediately indicate: the bot does not have access to customer funds on the exchange, but trades using API keys, that is, the account will remain out of access. RevenueBot has over 35 thousand customers who earn money thanks to trading bots.
Why should I choose this service?
- Pay the commission only after making a profit.
- The bot settings open up a variety of ways to make a profit.
- Inside RevenueBot, a marketplace is implemented where customers can buy a ready-made bot so as not to bother creating their own, or sell their own if the configuration has shown efficiency. Also, the services of a mentor (an experienced customer of the service) are purchased on the marketplace, who is ready to answer the questions of newcomers. Over time, you can become a mentor yourself, getting additional profit for this.
- Regular updates of the service’s features that optimize the trading process.
- The presence of the RevenueBot referral program allows you to earn money on trading, even without resorting to trading. Attract new customers for the service and get up to 30% of the profit they receive every month (but not more than 15 USD).
This is a small list of the advantages of the service. You can continue to list the positive qualities of RevenueBot, but why do this if you can go to the official website of the service and see for yourself everything? It is highly recommended to make decisions faster, because the crypto market does not stand still, but grows at exorbitant steps. Who knows how much profit is missed by someone who does not dare to come and start trading with RevenueBot.
Remember, before investing, you need to understand the asset yourself, prices can both go down and rise, so the more you invest, the more risks become.