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The revolution has just started and the early adopters will be the future leaders. The Crypto industry faced many crashes but remember when you sell your crypto someone on the other side is buying it. In this blog, I will be talking about various projects that I believe will show better returns this year.
We all know those big companies like Meta [ Facebook ], Microsoft, Amazon all are in the race, some collaborating together and some taking the challenge alone to build the metaverse.
The backbone of the metaverse consists of three main things i.e. Blockchain Technology, Cryptocurrencies & Web 3.0, and the metaverse is also seemed to be extremely promising.
Investing in metaverse can get you insane returns & according to me this year 2022 will be the year of the metaverse where more people will join the revolution. One can either invest in the metaverse stocks, the low-risk low reward way, or can invest in tokens of the metaverse, high-risk high reward way. In this article, I will be talking about the metaverse tokens that I believe will surge this year.
Decentraland [ Mana ]
Decentraland is a virtual reality platform where users can buy land in the virtual world and can build anything on that. Mana is an ERC-20 token that fuels the decentraland ecosystem. The Land in the decentraland acts as an NFT & Mana is the governance token that can be used to purchase land and other goodies from the decentraland marketplace.
Current price of MANA at the time of writing: $2.04
Sandbox [ Sand ]
Sandbox is also a very similar project to decentraland, as both the projects run on ethereum blockchain and both are creating the metaverse where users can buy land, goodies & can monetize their content in the virtual world. The difference between Sandbox & Mana is the amount of land present in each of the metaverse, I will talk about this later in this blog as this is some important information. The Sand token is the governance token of the platform that can be used to buy land and participate in the voting.
Current price of SAND at the time of writing: $3.02
Axie Infinity [ AXS ]
Axie Infinity is a game that is built on Ethereum blockchain where users play a turn-based card game with cute little pet NFTs called Axies. The native governance token of the platform is AXS which can be used to participate in the voting proposals. Players earn AXS shard & Smooth Love Potion [ SLP ] tokens by participating in adventure & arena modes. These tokens then can be used to breed axies or can be cashed out for fiat currency. Axie infinity also provides lands that can be purchased and act as homes for the axies.
Current price of AXS at the time of writing: $51.03
Enjin is software that is used to create and manage virtual items on the ethereum blockchain. The assets that are minted on Enjin are customizable to fit in the desired blockchain & recorded on the smart contract. Assets can range from swords or different in-game items. The Enjin team has built a variety of SDKs to enable these functionalities, which include kits focused on wallets and payment platforms.
Current price of ENJ at the time of writing: $1.59
Now, these are some of my top recommendations in which one can invest but always remember to do your own research as I am not a financial advisor. Now how can you buy all these coins and what’s the best exchange where you can buy these coins easily.
So, I trade on , the number one leading crypto exchange that provides safe, simple & fast trading services to global investors, and has launched grid trading and copy trading (on mobile), spot trading functions, and contract trading services including CFDs and perpetual contracts.
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What could be the major reason behind this price prediction of metaverse coins?
Metaverse is booming and it is a fact that technology that is resisted in the early stages is adopted largely by everyone in the future but the early investors are the one who grabs the biggest piece. The land plots that are available in Decentraland & Sandbox are not unlimited, the number of plots that are available is limited and this scarcity of land in the metaverse makes it unique & expensive.
Everyone will shift towards metaverse as it will be the medium of communication in the future, and as more people will join major companies will also shift because metaverse will have more audience and it will be one of the best places to advertise.
And here comes the kick, if you want to create your business in metaverse you will have to buy land and the number of plots are limited, Decentraland has 90,601 plots while Sandbox, on the other hand, has 166,464 plots of land. The supply of lands in the metaverse is limited while the demand will increase as more people will shift.
Top metaverse influencers
The metaverse industry is majorly backed by big names who are in support, either building it or investing in metaverse projects names include Mark Zukerberg, Chanpeng Zhao, Snoop Dogg and companies such as Nike have already started creating virtual shoes to sell in the metaverse.
Snoop Dogg has already purchased land in the decentraland and he is building Snoopverse, his own metaverse in the decentraland ecosystem, similar purchases have been made by many big influencers & investors.
The adoption rate of the metaverse is huge and such adoption is enough to determine the future with this, I want to end this article and it’s my advice & a humble request that DYOR.
