The Metaverse Crypto token is one of the cyber folks’ favorite new buzzwords.
The latest addition to the virtual reality world, Metaverse is anticipated to be as revolutionary as the world wide web was a generation ago.
Transforming everything from shopping, gaming, and art to knowledge-building, skill development, and P2P interaction, the Metaverse is estimated to add a massive $5 trillion to the global market by the year 2030.
Do not worry if you are late to the party; this all-encompassing article will take you through the ins and outs of Metaverse crypto coins, where and how to buy them, Metaverse crypto tokens’ price, and Metaverse crypto tokens list of the top-notch ones in the market.
What is Metaverse?
Although gaining worldwide popularity after Facebook’s October 2021 rebranding to ‘Meta’, the origin of the term Metaverse dates back to 1992 when it was first used by author Neal Stephenson in his sci-fi novel Snow Crash.
In its essence, Metaverse refers to an internet-based, universally immersive three-dimensional virtual reality environment emphasizing social interaction. It aims to create a singular, much more riveting form of the Internet for virtual experiences and interactions.
The Metaverse is facilitated by the latest technologies like Virtual Reality (VR), Augmented Reality (AR), Blockchain, Non-Fungible Tokens (NFTs), and Crypto Tokens. As per Facebook, users will be performing all sorts of real-life activities in the Metaverse, like socializing, working, and playing.
What is a Metaverse coin?
Metaverse coins are digital assets or currencies used for making virtual transactions within the Metaverse ecosystem. These Metaverse crypto coins may include blockchain fees, staking, and node rewards, among other a host of other fundamental crypto features. While you can spend some Metaverse tokens only within the Metaverse, you can even buy others on cryptocurrency exchange platforms.
Enjin (ENJ), The Sandbox (SAND), Axie Infinity (AXS), and Decentraland (MANA) are some of the most popular Metaverse crypto tokens.
Metaverse coins serve multi-faceted purposes within the Metaverse, such as:
- Authentication of ownership
- Transfer of Value
How and Where to Buy Metaverse Crypto Tokens?
Now that you know what is a Metaverse coin, let us dive deep into the process of actually buying it:
Step 1 – Choosing a Centralized Crypto Trading Platform
Reliability, consistency, trustworthiness, and popularity; stick to a crypto platform that consists of these attributes and you will be having a headstart in the Metaverse. With a plethora of crypto trading platforms flooding the market, it is recommended to choose a platform that is an industry leader with regard to reported trading volume, convenience of usage, and supported assets.
You can choose one of the following leading centralized crypto trading platforms (in no particular order) for buying Metaverse tokens coins :
- FTX Global
Step 2 – Funding your Account
The moment you have created your crypto trading account, you have to transfer some fiat currency (USD, Euro, British Pound) or other crypto assets (BTC, ETH) to that trading platform.
Step 3 – Trading
Once you have realized the trading pair you wish to have, you just have to make the trade happen by converting your fiat currency into crypto and then eventually to the Metaverse Crypto token of your preference.
Step 4 – Transfering Funds to an External Wallet
Nearly every Metaverse platform needs you to have its native (mostly Ethereum-based) tokens. MetaMask crypto wallet is enough for most of the Metaverse platform in order to carry out secure, convenient, and efficient transactions.
However, if you wish to partake in a vague Metaverse platform that does not support any leading blockchain systems, you would have to transfer your recently acquired Metaverse coins to their indigenous crypto wallets.
An Alternate Way of Buying Metaverse Coins
Now that you know the general answer to where to buy Metaverse crypto, you must also know about other unconventional routes to buy Metaverse coins if you consider yourself an adventurer.
There are a bunch of peer-to-peer (P2P) Metaverse coin trading options wherein you can easily buy your preferred Metaverse crypto token from fellow users. Although most users involved in P2P transactions deal with potent cryptocurrencies including Bitcoin, Ethereum, etc., you can try to explore your options to crack a good deal for Metaverse coins too.
Unlike centralized exchange platforms mentioned in the previous section, a decentralized exchange (DEX) offers direct, P2P crypto transactions to its users without a third party. Decentralized Exchange platforms such as PancakeSwap, Uniswap, Kyber, and dydX among others assist you in buying Metaverse tokens without the need for a Know Your Customer (KYC).
DEXs also greatly help their users in accessing more obscure Metaverse platforms by maintaining their anonymity and making the digital transaction completely untraceable. This is done by breaking the nexus between the user and the transaction.
However, this alternate path to buying Metaverse coins is a bit risky since it has no customer support in case an error happens. Moreover, since DEX does not require a KYC, it lacks user verification and mitigation of criminal activities like money laundering.
Therefore, this alternate route must be avoided unless you consider yourself a highly-skilled and seasoned crypto trader.
Top 10 Metaverse Crypto Tokens List
Now, we present you a list of top Metaverse coins according to Metaverse crypto tokens’ price and their market value as of 9th December 9, 2022. Feel free to analyze them and opt for your favorite from the lot:
- ApeCoin (APE)
Market Cap: $1.42 billion
- Internet Computer (ICP)
Market Cap: $1.19 billion
- The Sandbox (SAND)
Market Cap: $886.01 million
- Theta Network (THETA)
Market Cap: $869.69 million
- Axie Infinity (AXS)
Market Cap: $816.56 million
- Decentraland (MANA)
Market Cap: $740.63 million
- Stacks (STX)
Market Cap: $351.85 million
- Enjin Coin (ENJ)
Market Cap: $303.72 million
- Zilliqa (ZIL)
Market Cap: $303.06 million
- Mask Network (MASK)
Market Cap: $242.44 million
As blockchain technology continues to excel across nearly all virtual avenues, the Metaverse has a glimmering hope of becoming a globally accepted, utilized, and recognized medium of everyday interaction, entertainment, and business.
With the current market size of a gigantic $47 billion, the Metaverse is expected approximated to reach $678.8 billion. Thanks to its learning, earning, and communicating benefits, alternate virtual ecosystems like Metaverse (along with its crypto coins) are most likely to be the next big thing in the coming years.
As highlighted in this comprehensive guide, buying these Metaverse coins is not only easy but also worthwhile depending on your strategy, approach, and desired goals. However, utmost caution with an ample amount of research is the key to witness growth and ultimate success in dealing with Metaverse crypto tokens.
COMEARTH: Discover the Cutting-Edge Ecosystem
COMEARTH is an avant-garde new-generation ecosystem having a perfect amalgamation of e-commerce, socialization, and brand engagement within the powerful Metaverse. It helps customers explore the prospective methods of engaging in E-Commerce 3.0.
Powered with DIY launch tools and comprehensive features for tapping the marvelous features of the Metaverse, Comearth gives you an immersive gamified experience. While combining the best practices of Metaverse, and Web3 spaces, Comearth helps brands develop unique yet valuable customer experiences wherein brands and creators can engage with them to garner their loyalty, trust, and love.
Frequently Asked Questions:
Q1. What are Metaverse Coins and where can you buy them?
Answer: Metaverse coins are digital assets or currencies used for making virtual transactions within the Metaverse ecosystem. And you can buy this Metaverse coin in popular exchanges like Coinbase, Binance, KuCoin, FTX Global.
Q2. Which Metaverse Coins are the best?
Answers: ApeCoin (APE), Internet Computer (ICP), The Sandbox (SAND), Enjin Coin (ENJ), and Mask Network (MASK) are some of the best Metaverse Coins.
Q3. What are the upcoming Metaverse Coins?
Answer: One of the most sought-after Metaverse tokens is the $ECOM token. This token is the native token of the COMEARTH Metaverse ecosystem.
Q4. What kind of token is $ECOM and its future in the Metaverse Space?
Ans: $ECOM is an ERC-20 token deployed on Ethereum and Polygon ERC20 Network. It will provide users with diverse opportunities to monetize the ownership of COMEARTH real estate. It will promote referrals as users can bring a new stakeholder and receive 5% of the value of the cost of land purchased by the referred user.