Any transaction you perform within the Metaverse will require Metaverse Crypto. Logically, the next question that follows is, “What crypto will be used in metaverse?” Let us simplify these questions as we explore: 1) What is Metaverse Crypto, 2) Ways to earn metaverse Crypto, 3) How to buy Metaverse Crypto, and 4) What is the best metaverse Crypto.
Cryptocurrencies can be purchased from Crypto Exchanges such as Binance, Coinbase, and others. In the Metaverse, cryptocurrency coins can be used to purchase digital assets such as virtual land and avatar accessories. How to buy Metaverse Crypto is explained in this article. In short, there are a wide variety of crypto coins that are used in the metaverse. We will discuses these later in detail.
Metaverse Crypto – What Is It?
It is important to understand digital currencies before you learn how and where to buy Metaverse Crypto. Metaverse crypto is commonly referred to as ‘tokens’ that users can use within a Metaverse to make transactions.
Crypto exchanges such as Coinbase and Binance offer each Metaverse’s currency. Several Metaverse Cryptos are well known, including MANA, LUNA, AXS, SAND, etc. The user should also be cautious when investing in top-performing cryptocurrencies while learning to invest in Metaverse crypto. Before investing, you should conduct research. Get your FREE Crypto Guide Here!
Metaverse platforms performed well in 2021, including the Sandbox (SAND) and Decentraland (MANA). They have also seen a tremendous increase in the value of their crypto. Crypto adoption has skyrocketed since Facebook announced its plans in October 2021.
Ways To Earn Metaverse Crypto?
Metaverse Crypto can be earned in several ways. Various opportunities exist in each Metaverse to obtain metaverse crypto, such as land sales, digital asset creation, accessory sales in marketplaces, service provision, and hosting events.
Below are a few ways to earn metaverse crypto:
Land Sales – Buying and selling virtual real estate is very lucrative, with millions of dollars spent on land. The Metaverse allows users to purchase land and sell it at a higher price to earn cryptocurrency. While investing your money, you should remember that risk is always involved.
Creation of digital assets – Asset creation tools are available on each Metaverse platform. VoxEdit, for example, allows users to create animated 3D digital assets for sale on Metaverse or secondary marketplaces.
Accessories sales – In some Metaverses, users can access unique accessories. For example, a landholder can create unique artifacts in the Otherside Metaverse that cannot be created with a 3D tool. Those looking for ways to earn Metaverse can sell these artifacts.
Offering services –The Metaverse allows you to offer a variety of services. 3D developers can, for instance, offer their services to others.
Hosting Events – Hosting events in your space could be one of the easiest ways to earn crypto in the Metaverse if you have a space and can host events. Metaverse crypto can be used to pay entry fees.
How To Buy Metaverse Crypto
It is easy to learn how to buy Metaverse Crypto. Cryptocurrency exchanges require some basic knowledge. To buy metaverse coins, you need only follow these steps, even if you’ve never used a crypto exchange before:
- Confirm your payment information
- Click ‘buy’ after selecting a metaverse token you wish to purchase.
Best Metaverse Crypto Coins to Buy in 2022
Investors in Metaverse Crypto can earn good returns, but the space is rapidly evolving, so many unknowns remain. Before investing in a cryptocurrency, thorough research should be conducted.
You can purchase Metaverse Crypto coins by following the steps above. With crypto exchanges, you can buy metaverse tokens and trade them or hold them for higher returns.
Here are the five best Metaverse Cryptos to buy in 2022:
1. SAND (Sandbox)
Based on the Ethereum Blockchain, Sand is the best Metaverse Crypto with tremendous potential. The price of Sandbox rose consistently to $8.40 in November 2021. This metaverse coin has become increasingly popular as Sandbox’s user base has grown.
Snoop Dogg, Tony Hawk, and other celebrities such as Atari have backed the project, making it destined for success. Sandbox Marketplace users can easily create unique NFTs using easy-to-use 3D development tools like VoxEdit. The virtual economy benefits greatly from this.
2. MANA (Decentraland)
This Metaverse Crypto offers excellent investment potential with a market cap of $1.3 billion. At the end of last year, Decentraland had over 300,000 active users.
Investing in the virtual real estate market of the project has also resulted in high returns for investors, with land selling for up to $2.4 million. Metaverse stores have also been set up by large brands like Samsung, Nike, and Atari. On Coinbase and other cryptocurrency exchanges, users can purchase Metaverse coins easily.
3. APE (Otherside)
Users can also access products and services within the Otherside Metaverse with this Metaverse token, which is also based on the Ethereum blockchain. Holders of the token can cast votes within the Otherside ecosystem using this utility and governance token. With a market cap of $2.1 billion, it is the largest cryptocurrency in the Metaverse.
In their land sale auction, they raised approximately $320 million for the Otherside Metaverse. Since there was so much traffic during the auction, Ethereum’s’ gas’ fees reached thousands of dollars.
4. AXS (Axie Infinity)
Axie Infinity is based on a “play-to-earn” concept, where users earn rewards after attaining specific objectives. ‘Axis’ is the primary objective of the game.
It is possible to mint unique NFTs and sell them on different marketplaces using these Axis. When this Metaverse Crypto token was first launched in early 2020, its price was $0.15. Over the next six months, its price grew by 110,000% to reach $165. AXS coins have a market cap of $1.1 billion, with 60,907,500 in circulation.
5. IBAT (Battle Infinity)
‘Play to earn’ Metaverse Battle Infinity allows players to generate a reliable income stream through their performance within the game. Those looking to learn how to invest in the Metaverse may find this exciting project a good place to begin.
Players can use the IBAT token in the Battle Arena, where they compete against each other. Virtual land can also be invested, and virtual worlds can be created. The Metaverse crypto coin has a maximum supply of 10 billion, making it a great time to buy for the next bull run.
It is important to research before investing in Metaverse Crypto, even if it seems like a good investment option. Hopefully, this article has provided you with an overview of how to buy Metaverse crypto and the best one to consider.