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A List of Metaverse Crypto Coins and Tokens
The Metaverse is a new and growing concept that combines technologies like Virtual Reality, Augmented Reality, Mixed reality, High Speed internet connection and sharable cyberspaces.
These cyberspaces look ready to be the next version of internet computing in a decentralized way.
There are many Metaverse platforms already in existence and more are being created.
These are used to virtually have access to real world experiences. For example, a store or shopping mall can be used to buy real goods and services.
In the Metaverse, experiences like multiplayers gaming and immerse gaming experiences are accessible via mobile platforms and web browsers.
Like the internet, the Metaverse is open to everyone around the world. The content is created by the users and by Technology companies of all sizes.
Like many emerging technology of the past, the Metaverse doesn’t have guidelines. But, there are some large Technology companies trying to set the standards and protocols to be followed in the future.
The Metaverse will provide economic opportunities like digital asset creation and trading, games creations and retail products selling worldwide.
Spending in the Metaverse platforms is different from spending in the internet. Transactions on the Metaverse require the use of digital currency (Crypto), also known as Tokens.
To make things more decentralized, each Metaverse has its own currency and therefore its own self sustainable economy.
There are many Crypto exchanges serving as the base for buying and selling the Metaverse’s digital currencies. Coinbase and Binance are two examples of these exchanges.
Besides gaming, the Metaverse is used to sell digital land, create digital assets, host events, provide services and other activities.
Crypto or Tokens have potential in this rapidly evolving and unregulated sector. However, rapidly and evolving also make these currencies volatile and risky with many companies trying to get an early start.
If you want to participate in the Metaverse as a consumer or a creator, digital currencies are the medium of exchange.
The list of Metaverse coins is rapidly growing, here are some of the coins and where to used them in the Metaverse Economy.
10 Crypto Coins For The Metaverse Economy
This post’s goal is to give you information for educational purposes about different types of Metaverse coins and tokens you can use to make transactions. This is not meant to be investment advice on Metaverse platforms or Crypto currency.
This Metaverse project runs on the Ethereum blockchain technology and it offers worldwide users access to virtual gaming experiences, purchases of digital land and real estate,
The project uses its own Crypto currency, MANA, and all transactions have to be completed with this Token.
This project is similar to Decentraland. It uses Etherum blockchain technology and it also provides access to gaming, digital land and real estate to users anywhere in the world.
Creators can own the content they generate on this platform.
This Metaverse platform has its own Crypto coin, SAND, which can be used to build and trade game items.
AXS – Axie Infinitity
The Axie Infitinity Metaverse is built around the play to earn theme, where users earn gaming rewards for reaching certain goals.
The main goal is to breed, raise and collect axies which can be used to create NFTs to be sold in different Metaverse marketplaces.
Axies are Pokemon inspired creatures that can be created, raised and valued.
AXS is this project own Crypto coin.
IBAT – Battle Infinity
This Metaverse platform uses a pay to play model where players can build an income stream with their games performance. The games are played in the battle arena where players play against each other.
IBAT is the token used in the platform and it is based on the Binance blockchain.
In the Enjin Metaverse project users can explore virtual worlds, create NFTs games, apps and websites.
Enjin coin, ENJ, is an Ethereum based Crypto currency.
This is the main Crypto coin of the Bored Ape Yatch Club’s NFTs platform. This is a collection of Ape like digital cartoons.
ApeCoin is based on the Ethereum blockchain.
This is an NFTs platform where users can play, build and collaborate in the virtual community of 100,000 plus users.
This Metaverse platform uses two tokens the LAVA and PYR
This Metaverse platform provides software that allows users to tokenize (monetize), trade or transfer any physical item as an NFT.
Boson Protocol uses the token $Boson to complete transactions.
Illuvium is an upcoming open world exploration, NFT creatures collector and battler game built on the Ethereum blockchain.
Games on this platform are designed as Sci fi adventures and explorations.
ILV is the token used in the Illuvium platform.
Yield Guild Games
This is a play to earn gaming platform that brings together players to earn via Crypto based economies.
YGG is the token used in the Yield Guild Games platform.
The Metaverse promises to create decentralized economies where you can build and create out of your own imagination. Also, you can play, earn and socialize in this evolving concept.
Consumers, builders and creators are the main participants in these autonomous economies.
Many of the components of the Metaverse are already in existence like gaming, VR and augmented reality. The Metaverse platforms are putting these self supporting parts together.
It remains to be seen if these platforms will live up to their promises. But, with the funding, curiosity and interest in the creation of decentralized economies, the number of platforms in the Metaverse continues to grow.