Sciencelovers - The metaverse trend is getting more and more talked about these days. How not, this virtual world is able to connect its use...
According to CoinDesk, the Decentraland Foundation and Facebook, now known as Meta, have been working hard to make the world of the metaverse a reality.
These big companies open up new opportunities for retail investors, entertainment, developers and digital collectors alike.
In short, the metaverse is a virtual space where you can do many things, including finding entertainment and shopping. Not only buying clothes for your avatar, you can also buy and sell digital assets such as land in the metaverse. Interesting right?
If you want to buy something in this virtual world, you need to choose a platform first, such as Decentraland or SandBox.
You also have to create a digital crypto wallet that is connected to the blockchain network.
After that, convert the money you have into tokens, according to the platform you have previously chosen.
These tokens or coins can later be used to buy digital assets. Here are some metaverse coin options that you can choose from:
1. Decentraland (MANA)
You can use MANA metaverse coins for transactions on the Decentraland platform.
Decentraland itself was present in 2017 with a focus on property and land, under the Ethereum ecosystem. You can buy land or land for investment, build buildings, place ads and more.
Reporting from CNBC, the performance of the MANA token is considered very impressive because it has increased by 4,000% throughout 2021.
2. Axie Infinity (AXS)
The next coin comes from Axie Infinity (AXS), an NFT game from a Vietnamese company called Sky Mavis.
To get these tokens, you need to play the game to benefit from each completed mission.
Every time you win a battle, you will get a number of crypto coins called Smooth Love Potion (SLP).
Inspired by the Pokemon game, this game has a breeding feature for your NFT characters. At a later date, you can resell game characters at a higher price.
3. The Sandbox (SAND)
SAND is a token from the Sandbox platform that can be used to facilitate virtual transactions. This coin focuses on a user-generated metaverse like the game Roblox.
SAND has gained over 600% since Facebook rebranded to Meta. The coin has also increased by 25% following the partnership between Adidas and Sandbox.
You can use SAND as a means of exchanging digital goods, digital services and also as a profitable investment option.
4. Engine Coin (ENJ)
Enjin is a blockchain gaming company that offers a connected play-to-earn experience.
This token is created on the Ethereum network which not only acts as a cryptocurrency, but can also be used as a smart contract.
This Enjin Coin was created to be a cryptocurrency that can be used in the industry and integrated into the gaming community. The hope is that high fees and fraud when conducting virtual transactions can be reduced.
5. Somnium Space (CUBE)
Somnium Space is an open source virtual reality (VR) platform or virtual space with properties open to the public.
Similar to Decentraland, you can buy various digital assets in this Somnium Space.
The CUBE currency is used in the Somnium Space platform to buy digital properties, digital land, NFTs and more.
This metaverse coin also shows significant development over time.
Those are five examples of metaverse coins that you can use. Considering the metaverse is an innovation that is still relatively new, you can take advantage of this trend as an investment area for the future. Of course, you need more information before diving into the metaverse.
If you want to know more about the metaverse, you can read more information on this blog!
