Top 10 Metaverse Coins to Buy Right Now

It is the native token for a farm game. The game is a world where users invest in digital islands, build on top of those islands & find new collectables. ALICE is an ERC-20 token built on the ETH network and earnable in-game through events and competitions, among other ways. The token also powers My Neighbor Alice’s NFT Marketplace, enabling players to trade and profit off of their creations. ALICE token incentivizes players to participate in the My Neighbor Alice farm-building game. ALICE also represents in-game items like land or furniture, which can be sold or rented out to other players via smart contracts. The ALICE token ensures My Neighbor Alice is a free-to-start crypto game. Anyone can participate in competitions and slowly earn their way to spendable amounts of ALICE. Or, users can invest ahead of time and gain access to certain game features right away.

A blockchain game with a dual token economy that is building one of the finest AAA gameplay is Star Atlas. After its trailer launch, the game has made quite a following on social media, and people are eager to witness this Solana-powered metaverse. The game is being built on Unreal Engine 5, giving it that cinematic feel and real-time environment. The token system is not the only differentiator for Star Atlas — it also provides an option to create cash flows via staking, battles for acquiring rare in-game items, and exploring different worlds for forming alliances. The game is still in its early stages, but the roadmap and team behind it — show us we are in for a masterpiece.

Yield Guild Games (YGG) is a little different from the other metaverse coins. It is the purely decentralized autonomous organization (DAO) for investing in non-fungible tokens (NFTs), virtual worlds and blockchain-based games all connected to the metaverse. The organization’s mission is to create the biggest virtual world economy, where the holders of YGG can benefit from the community-owned assets through sharing of profits made by the DAO with token holders. YGG combines non-fungible token (NFT) & decentralized finance (DeFi), bringing yield farming to game economies while adding value to these virtual worlds by developing the content and economy of these games. The aim is to own and acquire assets in the metaverse.

Gala Games was created in 2020, and it is currently one of the largest GameFi projects in the market. According to the name, Gala Games is a blockchain-based game that focuses on attracting people who want to have a 3D virtual gaming experience. One of the features that set Gala Games apart from the other similar initiatives in the market is that it is readily available for non-technical users who want to have a play-to-earn experience. It hides all the technical stuff away to ensure that it does not deter those who do not have this knowledge from investing in the market. Like most metaverse coins, GALA has been on a major gaining journey this month. The monthly gains for the coin currently stand at over 350%, making it one of the best performing metaverse coins in the market.

UFO Gaming is a decentralized social gaming platform built on the Ethereum blockchain featuring a Play-to-Earn Metaverse. UFO is the primary utility token of the Dark Metaverse, which contains a collection of planets featuring their unique games. Players are placed within the ‘Dark Metaverse’, a closed-loop ecosystem consisting of different P2E games. Players can then generate in-game assets such as skins, armor, and weapons, which can then be used in-game to complete various quests. Gamers can purchase Virtual Land, treated as NFTs in the game, staked to earn rewards from the game’s revenue. The UFO Gaming mission extends beyond developing highly playable games – they’re also passionate advocates of the potential of P2E to revolutionize the world of gaming.

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features. The world of Illuvium is inhabited by creatures known as Illuvials, who can be captured by players that beat them in battle and nurse them back to health. The game is a fusion between an open-world exploration game and a PVP battle game. Players can spend their time exploring the expanses of the game world or building up their team of powerful beasts. The ILV token has a number of uses within the Illuvium ecosystem. It’s the main token used to reward players for their in-game achievements, entitles players to their share of the Illuvium Vault and is used for participating in the governance of the game via the Illuvium decentralized autonomous organization (DAO).

Enjin is a blockchain gaming platform built on the Ethereum Network, designing / creating digital collectable items. The cryptocurrency Enjin (ENJ) itself was made on the Ethereum blockchain and came to life through an ICO that raised $18.9 million in late 2017. The platform offers methods for creating digital assets known as ERC-1155 tokens. For use across multiple Games. These are superior versions of the ERC20 and ERC721 tokens. Cross-game items, a selection of digital assets that can be used across the ‘multiverse’. This enables ownership across a mass amount of platforms not restricted to one platform. With these items, you can also trade them with other users on marketplaces or p2p via Enjin Wallet. Enjin has released software development kits (SDKs), allowing users to create digital assets on Ethereum and integrate them into games and apps.

Decentraland was founded in 2017 and is one of the early projects to challenge building a decentralized virtual reality platform on the Ethereum blockchain. This unique metaverse play allows anyone to buy parcels of LAND and develop that plot into anything they wish. Players can play, explore, display art in NFT art galleries or try on NFT wearables. Decentraland recently held a Metaverse Festival, where players were invited to listen to live music, enjoying a variety of artist performances during the event. The number of parcels available is limited to 90,601. And each LAND is only 16 square meters. The native token of the metaverse that fuels the entire ecosystem is MANA. There are 2.2 billion tokens in supply, and 1.8 billion are in circulation. Token holders are given voting rights on policy updates and can propose details on LAND auctions.

Second comes the Sandbox which was recently invested in by one of the worlds biggest technology investors, SoftBank. Sandbox is a project in the Ethereum metaverse in the gaming ecosystem. Its virtual world is user-oriented and fits well with the fundamental principles of decentralization. The user-generated content ecosystem of The Sandbox has its own NFT marketplace and game platform. As users want to create and build a unique game in the metaverse, the SAND tokens come into play. Players are able to buy LAND and ESTATE to create even better and immersive online experiences. SAND tokens’ main use cases are platform access, governance, staking, and core foundation.

Axie Infinity (AXS) bags the first position on this list. Founded by the Vietnam-based Sky Mavis in 2018, Axie Infinity is a NFT-based crypto game. Players breed and trade Pokémon-inspired NFT pets called Axies. The game also allows users to purchase plots of land and live in virtual towns. Such a play-to-earn model is an attractive selling point, as it allows users to redeem earnings in-game and exchange for assets outside the game to generate real-life passive income. The digital ecosystem is powered by two native cryptocurrencies. While AXS can be traded on several crypto exchanges, Smooth Love Potion (SLP) is awarded to players for spending time in the game. Axie Infinity is developed on the Ronin Sidechain, an Ethereum based sidechain. In September, the platform boasted around 1 million daily players and generated $220 million in protocol revenue, the second-largest revenue-generating project only behind Ethereum.

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*Please Note – None of this is meant to be construed as investment advice, its for entertainment purposes only.*