Top 7 Metaverse, NFT Tokens To Watch Out

Shounak

2 years ago

Top 7 Metaverse, NFT Tokens To Watch Out

With its new “metaverse” makeover, Facebook, which is now a division of Meta Platforms has gone all-in. A second version of the Internet is referred to as the metaverse.

Here, immersive social sharing takes place in 3D worlds. NFTs (non-fungible tokens), virtual landscapes and realities, games, 3D avatars, metaverse cryptos, tokens, prizes, airdrops, decentralized programs (Dapps), and smart contracts are all part of the equation.

In the metaverse, people are now buying, selling, and exchanging land, condominiums, money, clothes, and other items. And the value of these is increasing, whether on exchanges or in games, in real dollars or metaverse cryptos.

As internet titans like Facebook and Microsoft attempt to establish enormous alternate universes that transcend our physical reality, metaverse coins are all the rage right now and have the potential to upset our world.

Following Facebook’s announcement of its new moniker, Meta, interest in metaverse-focused cryptocurrencies skyrocketed. Facebook, the social media giant’s previous moniker, has been discontinued because it feels it only symbolizes a single product.

The prefix “meta” in the name “metaverse” refers to the notion of shared virtual worlds and communities, which Facebook intends to embody in its branding.

Microsoft is also exploring the metaverse. Mesh for Teams, a virtual workspace was recently released (Facebook has something similar called Horizon Workrooms). As a result, risk-takers are eager to get their hands on the greatest metaverse crypto.

7 Metaverse, NFT Tokens To Watch Out

DECENTRALAND (MANA-USD)

Decentraland is a virtual reality game or, more accurately, a virtual living platform driven by cryptocurrency. You may buy land, costumes, scenery, and a variety of other virtual goods with MANA tokens.

Some of them can appreciate in value over time, and you can then sell them to others, thereby creating an alternate world. It is, in effect, a “universe controlled by users.”

After spending a lengthy period below $1.00, MANA tokens are suddenly selling for $2.50. The shift from Facebook to virtual reality has inspired a lot of interest in this cryptocurrency and the reality it represents.

LAND chunks are used to separate everything in Decentraland. Some plots are subdivided into themed neighbourhoods or Districts. They have similar passions and uses.

SANDBOX (SAND-USD)

Another virtual environment where players may “create, own, and commercialize their game experiences” is the Sandbox. It is a user-controlled virtual metaverse. NFTs are used to track asset ownership in the game (non-fungible tokens).

In 2018, Animoca Brands (headquartered in Hong Kong) purchased the game and transformed it into an Ethereum-based blockchain game where users could monetize their in-game creations.

Softbank’s Vision Fund 2 led a group of investors that committed $93 million into the gaming platform, according to Reuters. This came after the platform’s monthly active users surpassed $144 million in transaction volume.

According to Venturebeat, Arthur Madrid, CEO of The Sandbox, claimed this will expand the company’s reach beyond games into fashion, architecture, virtual concerts and performances, art galleries, museums, and more.

Prior to the recent investment round, Animoca Brands owned 20% of its $2. 4 billion worth of SAND tokens, according to Reuters.

FLOKI INU (FLOKI-USD)

The name Floki Inu was created as a joke based on Elon Musk’s Shiba dog, Floki. However, since then, the business has developed a virtual panoply of cryptos, as well as a university and a game based on an alternate world.

“Meme coins” are known for their cryptography. That is to say, it is a crypto that has no meaning, purpose, or raison d’être. Its objective is to profit from a frenzy.

However, the backers of Floki crypto have lately begun giving fans a sneak glimpse at the future NFT-based metaverse game. Vahalla is the name of the game. Elon Musk, of course, would be one of the universe’s in-game characters

The meme currency will launch a television advertising campaign in the first week of December that will go through Christmas. The goal of the marketing campaign is to persuade consumers to acquire Floki tokens instead of Dogecoin.

In fact, the suggested hook is that this cryptocurrency will appreciate in value similarly to Dogecoin. Dogecoin currently has a market cap of $34.5 billion, making it the ninth biggest cryptocurrency.

If this were to happen, the FLOKI crypto price would be nearly 15 times more than it is now (market capitalization of $34.5 billion/$2.2 billion).

EFINITY TOKEN (EFI-USD)

Efinity is a “next-generation blockchain for NFTs,” according to its website. Because it is a scalable, decentralized, cross-chain network, it is considered next-generation. It is a para chain firm built on the Polkadot blockchain network, with just $500 million in trade volume as of March 2021.

Efinity promises to be one-of-a-kind in three ways. To begin, any NFT from any site can migrate to Efinity’s marketplace. In addition, the unfulfilled NFT order with the highest value might win token awards.

Second, Efinity uses a new blockchain technology called Recipes to allow businesses to reward their loyal users/customers. Anyone may alter or develop current or new NFTs using recipes. The distinctive characteristic is that none of this can be done without code.

Third, the network’s governance lets everyone who joins propose and vote on modifications.

TERRA VIRTUA KOLECT (TVK-USD)

Terra Virtua, a “completely immersive, blockchain-driven VR entertainment experience,” was founded in London in 2016 by two entrepreneurs. It began as a blockchain game and has now expanded to include a marketplace for digital art and collectable NFTs, as well as a gameplay environment and a token known as the Terra Virtua Kolect token.

But it’s a recent venture into partnering with Hollywood studios that have made it famous. Paramount Pictures and Legendary Entertainment have signed arrangements with Terra Virtua. On their platform, they will license some of their most popular films and brands.

On its NFT marketplace, the company claims to have 120 designers, engineers, 3D modellers, illustrators, and developers at work. It also claims to have over 30 million mobile game downloads through its website and app.

The company’s TVK coins are now available on Binance, which could help it gain traction in the long run.

EPIK PRIME (EPIK-USD)

In 2018, Epik Prime began manufacturing “premium digital things.” These digital objects, according to the researchers, are the “future of consumer products” and will “play a fundamental part in ownership.”

The firm claims to be the world’s first to introduce brands into video games and to create unique in-game merchandise, events, and experiences.

In August 2021, the company’s token was introduced in collaboration with Huobi Global and its Huobi Prime program. According to Cointelegraph.com, it’s a program that introduces cryptocurrency traders to new, cutting-edge tokens.

Huobi has finished due diligence on the firm and its new token listing as part of the program. Epik stands out from other metaverse cryptocurrencies since it focuses on assisting gaming firms in the creation of NFTs and in-game collectable assets.

It recently secured a partnership as the gaming company’s NFT technology solutions partner with Ready Games, a “no-code” game developer.

HIGHSTREET (HIGH-USD)

Highstreet is a blockchain gaming startup featuring an MMORPG (massively-multiplayer online role-playing game) in which players fight monsters and accomplish quests. It’s also launching a new form of NFT marketplace in which “physical objects are sold as nonfungible tokens, or NFTs, in a completely open phygital experience.”

This firm just received a $5 million funding round from both Binance Labs and Animoca Brands (see The Sandbox above).

Highstreet will be integrated with the Binance NFT Marketplace, according to Binance. This is Binance’s NFT marketplace, where you may purchase and sell NFTs.

Given its early investment round, this NFT metaverse coin is obviously more speculative, thus investors should proceed with care.

In the End

Investors should exercise caution and perform complete due diligence before investing in any of these. Seven metaverse crypto are riding a wave of enthusiasm in NFTs, metaverse assets, and second and third-generation crypto assets. As always, all these analyses are not investment advice and are just fundamental information.

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