On October 28, 2021, Facebook changed its name. Meta announced that it would change to This announcement shares the same name. metaverse It came with the announcement of the project. Meta is a metaverse project that aims to combine social media and virtual reality. It includes 3D spaces where people can socialize, learn, play and build.
Facebook‘s Meta project, blockchain It shows similarities with some projects in the field. For this reason, after the announcement of the project, the game and metaverse We’ve seen many cryptocurrencies hit all-time highs in price and market cap.
In this article, we have 3 different metaverse We will look at focused cryptocurrencies and why they can be very promising investments.
Decentraland (MANA)
Decentralandis a virtual reality world running on the Ethereum (ETH) blockchain. Players can explore virtual worlds owned and created by other users in the metaverse repository. They can also buy and sell their own land or build their own sandbox. Decentraland has two tokens used to power its virtual world: LAND and MEANING.
Decentraland consists of 90,601 individual LAND segments, each existing as an NFT. LAND owners can build their lands as they wish and sell their LANDs to other users. Decentraland users can also earn money by renting their LAND to other users, selling ad space, or creating and selling products for MANA.
MEANING, since Facebook announced its virtual reality platform and named it “Meta” has experienced a large increase after the change. MANA is currently trading at $4.76. Due to the growing popularity of MANA NFTs, virtual ownership, and crypto gaming in general, it could prove to be a promising investment.
Axie Infinity (AXS)
Axie Infinity (AXS)is an online, NFT-based trading and war game that allows players to collect, breed, upgrade and trade digital creatures known as “axies”.
Each axieThe coin is digitized as an NFT on the Ethereum blockchain, and new players must purchase at least three axies to start playing. This is because axies only fight in teams rather than one-on-one battles. The game has two tokens in its ecosystem:
Axie Infinity Shards – AXS: is a management token that gives its holders the right to vote on important decisions such as gaming functions or treasury fund spending.
Smooth Love Potion – SLP: earned in adventure mode or by fighting against other players.
During a pandemic quarantine around June 2021, CNBC reported that some people in the Philippines were playing the game as their main source of income. The game continues to grow in popularity with users from developing countries who recruit people to play for them and in turn receive a share of the profits. This shows the extent of Axie Infinity’s popularity, especially in developing countries where users can earn more money by playing the game than their real jobs.
Axie Infinity is backed by very established investors including:
- Mark Cuban
- Andressan Horrowitz (a16z)
- Animoca Brands
- Pangea Blockchain Fund
- ConsenSys
After Facebook’s rebranding announcement, AXS and SLP experienced massive increases. AXS currently hovering around $128, SLP It is currently trading at $0.05735.
The AXS and SLP value will continue to increase as the popularity of Axie Infinity grows. There are some big investors behind the game as well, and factors like increased global adoption make the coins a good long-term investment.
SENSO (SENSO)
SENSO The token is the on-platform cryptocurrency of Sensorium Galaxy, a social VR platform that aims to rethink the way people interact with each other and share their experiences with art. Built in partnership with SENSO, artists, entertainment and production companies Sensorium Galaxy It executes all the valuable operations in it.
Sensorium has a dream of attracting more than 1.8 million users by the end of 2022.
We can say that SENSO is a less popular cryptocurrency compared to the popular metaverse-oriented coins. Currently, Kucoin is available from a limited number of crypto exchanges such as Poloniex. It is not known whether it will be listed on exchanges such as Binance, but it sure has a way to go.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.