1-The Sandbox Game ‘SAND’

The Sandbox is an open metaverse in which users can own, create, and monetize their own 3-D content, which is registered on the Ethereum blockchain.A Sandbox is a virtual place where users can buy pieces of land and use them to set up different gaming experiences. This land is necessary in order to showcase and sell the NFTs that they create with the VoxEdit creator.

Further, users can install dungeons, quests, and complete gaming experiences on their LAND and monetize access to these games.

The platform’s functionality depends on the use of SAND tokens, an ERC-20 token that allows users to access the marketplace, play games and purchase customizations for their avatars. Players must purchase these tokens in order to interact with the world.Creators, on the other hand, can use it to purchase land, create NFTs and stake it for passive income.

Staking SAND has multiple benefits for creators. As we mentioned, it provides a regular source of income to investors. More importantly, it rewards creators with gems required to create unique NFTs.

As a governance token, the SAND token can be used to decide on future updates to the game or to accredit content creators.

2-Decentraland ‘MANA’

This project began back in 2016 as a simple 2-D blockchain experiment. Users are able to create games, outfit their avatars with NFTs , and buy and sell items on a virtual marketplace. The project has since become a top metaverse. Today, it is a fully immersive virtual 3D world with customizable land, NFTs, and various VR activities.

has a LAND token system similar to Sandbox, which is a non-fungible token that is limited in quantity (90,601). Only landowners have access to Decentraland real estate and can deploy creations.They can monetize their investment through microtransactions.

The main currency is the ANA token, which is an ERC-20 token. Decentraland NFT is the gateway to this metaverse….

3-Enjin ‘ENJ’

Enjin, the first gaming-centric token created in 2017, is the next inclusion in our list of top metaverse coins. Developers can create NFTs using this blockchain, which is built on top of Ethereum. NFTs can be used to represent any type of in-game asset (character, unique item, etc.) and are created using the platform’s native ENJ token. The platform provides an SDK that allows developers to easily integrate crypto assets into their games, allowing them to quickly create play-to-earn games.

Furthermore, ENJ tokens can be melted back into NFTs created with Enjin. This is extremely handy in the event that the game’s servers go down or the game loses popularity. It allows users to keep a portion of the value of their in-game assets if they are unable to sell them on the open market for some reason.

It’s also worth noting that Enjin supports the ERC-1155, a new NFT protocol. Within the same smart contract, game developers can construct both fungible and non-fungible tokens. As a result, even in-game currency can be converted into fungible tokens that can be traded for ENJ.

It is regarded as one of the most popular metaverse tokens since it aims to alleviate the Ethereum network’s excessive gas fees. Enjin has implemented Jumpnet, its own Layer-2 scaling technology, to achieve this goal. When a user connects their assets to Jumpnet, the platform allows for near-instant transactions with no fees. Only when the assets need to be transmitted back to the Ethereum blockchain does this mechanism necessitate transaction fees. This creates a perfect setting for game developers to create microtransactions in games and metaverse projects.

4-Gala Games ‘GALA’

Eric Schiermeyer, a co-founder of Zynga, created Gala Games in 2019. This blockchain firm, similar to Enjin, provides a platform for producing games and creating NFTs. Gala Games differs in that it is also a game developer that releases games that utilise their gaming platform.

There are a few games available right now on the platform, with more in the works. Players can win in-game incentives in the form of NFTs, which can be used in many games. They can also receive incentives in the form of GALA tokens, the platform’s native token.

The sophisticated triple-proof node structure based on both Ethereum and the Binance Smart Chain is what makes GALA one of the best metaverse projects:

  • The acquisition of a license for PoW founder nodes costs roughly 67.000 GALA tokens ($45.000).
    Through a smart contract “rental” framework, PoS are also compensated nodes that function for certain games.
  • Free-to-run proof-of-storage nodes that allow games to function in a decentralized manner.
  • Validators who run a node receive GALA awards and unique NFTs that can be traded on the open market.

CONCLUSION

One thing is certain: the metaverse is taking its first tentative steps. Grayscale, one of the largest cryptocurrency investing firms, has just released a research paper on the topic. According to the crypto investment firm, the metaverse will grow to be a trillion-dollar industry in the future.

While it has primarily focused on gaming to far, it will undoubtedly migrate to other industries such as advertising, eCommerce, entertainment, and many more. As a result, our list of the top metaverse coins should serve as an excellent starting point for your search for a safe metaverse investment. We hope we were able to offer you a good notion of their worth and how they might fit into this field.

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