Are you interested in investing in cryptocurrencies? Have you heard of the term “metaverse”? Combining these two concepts, there is a new and exciting opportunity to invest in metaverse cryptocurrencies. In this guide, we will explore which metaverse cryptocurrency is right for you to invest in.
1. Decentraland (MANA)
Decentraland is a virtual world built on blockchain technology where users can create and experience content and applications. MANA is the native currency used within decentraland, allowing users to purchase goods and services as well as participate in governance decisions. Since its launch in 2017, MANA has seen significant growth, with a market capitalization of over $4 billion at the time of writing.
2. The Sandbox (SAND)
The Sandbox is a decentralized gaming platform that allows users to create and monetize their own games and experiences. SAND is the native currency used within the sandbox, allowing users to purchase in-game items and assets as well as participate in governance decisions. With a market capitalization of over $4 billion at the time of writing, SAND has been one of the top-performing metaverse cryptocurrencies in 2021.
3. Enjin (ENJ)
Enjin is a blockchain platform that allows users to create and trade non-fungible tokens (NFTs). ENJ is the native currency used within the enjin ecosystem, allowing users to purchase goods and services as well as participate in governance decisions. With a market capitalization of over $2 billion at the time of writing, ENJ has been one of the top-performing metaverse cryptocurrencies in 2021.
4. Somnium Space (SOM)
Somnium Space is a virtual reality platform that allows users to create and experience immersive virtual worlds. SOM is the native currency used within somnium space, allowing users to purchase goods and services as well as participate in governance decisions. With a market capitalization of over $30 million at the time of writing, SOM has seen significant growth since its launch in 2018.
Now that we have a better understanding of some of the most popular metaverse cryptocurrencies, let’s take a look at what makes each one unique and why you might choose to invest in it.
1. Decentraland (MANA)
Decentraland is known for its wide range of content and applications, with over 300,000 active users at the time of writing. MANA can be used to purchase land within decentraland, which can be used to create custom experiences and applications. Decentraland also has a strong community focus, with regular events and meetups taking place within the platform.
2. The Sandbox (SAND)
The Sandbox is known for its gaming focus, with a wide range of games and experiences available within the platform. SAND can be used to purchase in-game items and assets, as well as participate in governance decisions. The sandbox also has a strong community focus, with regular events and meetups taking place within the platform.
3. Enjin (ENJ)
Enjin is known for its NFT focus, allowing users to create and trade unique digital assets. ENJ can be used to purchase goods and services within the enjin ecosystem, as well as participate in governance decisions. Enjin also has a strong community focus, with regular events and meetups taking place within the platform.
4. Somnium Space (SOM)
Somnium Space is known for its immersive virtual reality experiences, with a wide range of worlds and applications available within the platform. SOM can be used to purchase goods and services within somnium space, as well as participate in governance decisions. Somnium Space also has a strong community focus, with regular events and meetups taking place within the platform.