McKinsey & Co. recently released a report claiming that the metaverse could have a market cap of more than $5 trillion by 2030. This guide will take you through the top 7 metaverse cryptocurrency coins that you can invest in in 2018, in light of web 3.0’s shift to metaverse-based projects.
The 7 Best Metaverse Cryptocurrencies to Buy in 2022
Tamadoge is at the top of our selection of best metaverse cryptocurrency project to purchase. The Tamadoge (TAMA) token is the native cryptocurrency of the Tamaverse – a play-to-earn (P2E) platform where players can earn crypto rewards on a virtual ecosystem.
Tamadoge members are able to buy Tamadoge pets. Tamadoge pets can be virtual avatars that have unique weaknesses and strengths. Each pet is minted as an NFT using smart contract functionality – making it a tradable investment.
The NFT pets can be bought on the Tama store with TAMA tokens – with 5% of each transaction being burnt. This is a part of the team’s long-term objective of creating a deflationary token – launching with a total supply of 2 billion coins.
Furthermore, Tamadoge looks to develop an AR app – where players can wear VR headgear to access the Tamaverse more easily. Tamadoge is available to buy on presale – after completing its beta presale hard cap target of $2 million in 10 days.
Tamadoge wants to collect $19 Million to close its presale round. Tokens can be purchased for $0.0125. TAMA, one of the most popular utility tokens is also CoinSniper KYC validated and has been audited at Solid Proof.
2. Battle Infinity
Another one of the best metaverse crypto to buy now is the IBAT token – the native cryptocurrency of Battle Infinity. The IBAT token is a P2E/metaverse game that attempts to merge gaming and blockchain technology.
Players can access the Battle Arena – a virtual ecosystem where all characters and items have been minted as NFTs via ERC 721 smart protocols. Platform members have the option to use VR headsets in Battle Arena.
Another P2E feature is the IBAT Premier League – the world’s first NFT-based sports fantasy league. To earn IBAT, players can form their fantasy teams and play against each other.
The IBAT token is a multi-utility token that can also be swapped with other cryptos on the IBAT Battle Infinity’s decentralized exchange (DEX). Another use case is the IBAT Battle Stake – a staking platform which allows IBAT holders to earn interest on their tokens.
IBAT closed its 90-day presale within 24 hours.
3. Lucky Block
Lucky Block is an NFT competitions startup that’s relatively recent. It plans to add metaverse gaming features for its players in the final phases.
Lucky Block’s NFT-based competition platform uses decentralized protocols for transparency. Players can participate in main draws, and weekly NFT draws – with a chance to receive a $50,000 payout.
Lucky Block maintains its network and settles transactions in LBLOCK – the native cryptocurrency of the site. LBLOCK went live in January 2022. Within two weeks, it had gained 1,100%. Furthermore, LBLOCK released a new V2 token – an ERC-20-based token which is deployed on centralized exchanges (CEXs).
After its deployment on LBank, Uniswap and other platforms, LBLOCK has become a globally-accessible coin that could see increased trading volume and price rises in 2022.
LBLOCK also has an upcoming listing on Gate.io in September, which is ranked #5 on CoinMarketCap’s ranking of crypto exchanges by trading volume. LBLOCK may see its previous highs retest by being listed on a tier 1 cryptocurrency exchange.
Ethereum, an open-sourced platform that is decentralized and distributed to developers of web 3.0 platforms, incentivizes them by creating smart contracts. This function makes it a hub for metaverse developers.
Ethereum is the 2nd largest crypto- and altcoin with a market value of over $230 Billion. Furthermore, Ethereum is expecting to undergo an ‘ETH 2.0’ upgrade – which is expected to solve many scalability and network issues on the network.
Decentaland became the most popular, metaverse-based cryptocurrency project in 2021. It is a distributed project which allows players to trade, buy and sell real estate within a virtual community.
Platform members can access thousands of LAND pieces on Decentraland – each of which has been minted as NFTs. All the NFT land pieces can be bought, sold and traded with MANA – one of the best emerging cryptocurrencies to buy in 2022.
MANA owners can earn voting rights according to the amount of their holdings, and take part in MANA DAOs (decentralized autonomous organisations).
Yearn.finance is emerging as one the top metaverse and Web 3.0 cryptocurrency to invest in 2022. The decentralized cryptocurrency acts as an aggregator for DeFi investors. It provides credit checks and loans in a decentralized manner to investors. Thus, investors can access fiat-based solutions using the cryptocurrency – including cryptocurrency loans at competitive APY (Annual Percentage Yield).
YFI aims for a token that deflationizes the market. It has a limit of 36,000 tokens. After a correction in 2022, the token reached a ATH of $93,000.
Sandbox is a metaverse that has been able to earn cryptos and have been voted the top game in recent years. Sandbox, which is similar to Minecraft, aims at being an open-world platform where players can create a virtual community and earn crypto rewards by using web 3.0.
Notably, Sandbox will allow players to buy pieces of virtual items and land on the metaverse – with $1 million worth of tokens already bought. Investors can buy and trade in the Sandbox environment with SAND – the native crypto token.