Mr. Mayank Tater 08, Aug 2022

Wouldn’t it be amazing if you could attend your office meetings in the comfort of your bedrooms?

Well, Metaverse would make this a functioning reality.

Metaverse has become a buzzword these days, and more so after Facebook changed its name to Meta late last year. Some call it the game-changer while others refer to it as the future of humanity. Every tech company wants its share in this metaverse pie, while all individuals want to learn as well as access the metaverse and experience the thrill related to it.

What exactly is metaverse? Well, let’s dive in straight to know more.

Understanding Metaverse

The metaverse is the virtual world that can be accessed by the use of virtual reality(VR) and augmented reality (AR) headsets or browsers. It allows users to have interaction and experiences from a distance combining our digital and physical lives.

In the metaverse, the users will have their digital avatars and can do multiple things like play games, shop, travel, buy real estate, exercise, work, advertise, attend concerts, socialize, or study in the virtual world.

Blockchain and crypto are deeply into metaverse feeding off each other to build futuristic technologies and develop the virtual world.

Today, there are a lot of crypto projects related to metaverse in the world. We have made a list of 5 metaverse coins that might become really big in the future-

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1. Decentraland (Mana)

Mana is one of the most popular tokens amongst metaverse enthusiasts. Powered by the Ethereum blockchain, Decentraland is a 3d virtual reality platform where users can buy and sell digital assets. Users can create virtual structures like parks and hauls, etc, and charge other players to visit them.

The market cap of Mana is $2.44 billion as of today and the price of the token is trading at $1.11.

2. Sandbox (Sand)

Sandbox is a decentralized virtual world owned by the community where creators can host events and custom games. In this virtual world, players can own, build and monetize gaming experiences. Creators can earn in 3 ways on this platform- buy land and then rent it or populate it with content to increase its value, build assets on Voxedit and sell them as NFTs, monetize games and interactive experiences.

The market cap of Sand is $1.77 billion and the price of the token is trading at $1.39.

3. Enjin (Enj)

Enjin coin is an Ethereum-based cryptocurrency used to back the value of next-gen fungibles and NFTs. The project also has smart capabilities other than just being a cryptocurrency like SDK (software developer kits) and API. It is set out to make a whole ecosystem for gaming entities, enabling them to generate revenue streams and new experiences for their users/players.

The market cap of Enj is $620 million and the price of the token is trading at $0.69.

4. ApeCoin (APE)

ApeCoin was recently adopted as a payment method by Luxury brand Gucci. ApeCoin is an ERC-20 governance and utility token made to support the evolution of gaming, art, entertainment, storytelling and digital and physical events. ApeCoin has a decentralized framework and the decisions are taken through voting by ApeCoin holders.

The market cap of ApeCoin is $2.3 billion and the price of the token is trading at $7.47.

5. Floki Inu (Floki)

This cryptocurrency is a meme-coin inspired by Elon Musk’s dog- Shiba Inu(also another cryptocurrency) but it has a viable metaverse project and it aims to combine memes with real-world use cases. It is the utility token of the Floki ecosystem that aims to give users control of their finances through their offerings.

The market cap of Floki is $135 million and the price of the token is trading at $0.00001499.

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Conclusion- 

Metaverse has huge potential that we are discovering day by day. There are many projects that are actively working towards their metaverse and some are already established and doing really well. To conclude, we think the metaverse is the evolution of today’s internet and it is likely that the use, applicability, and role of the metaverse in business are inevitable and will grow really fast.