Popular crypto channel Coin Bureau has shared metaverse altcoins that it believes investors should follow closely.
Known by the pseudonym “Guy”, the analyst has shared his views on over 1.7 million YouTube channels. Analyst popular altcoin Axie Infinity (AXS) and thinks this altcoin will be very successful in the long run.
Guy stated that AXS started the play-to-win gaming trend months before anyone else, and despite its primitive style, it was successful.
“I have to admit that Axie doesn’t have much to look at… In fact, it mainly revolves around Pokemon-inspired characters fighting and breeding in a simple strategy game.
The working logic of this NFT game is quite simple but so far it has generated around 27,500 ETH in trading volume on OpenSea alone and has more than 30,000 active traders.
The root of Axie’s success stems from the fact that it provides users with the ability to win while playing the game, a revolutionary economic development.”
AXS is trading at $133.24 at the time of writing, down 3.6% from a seven-day high of $138.27.
The next asset is a blockchain-based virtual world where participants can buy, sell and trade digital assets such as non-tradable tokens (NFTs) and virtual lands. The Sandbox (SAND) it happened.
Originally a 2D mobile game, The Sandbox has been transformed into a 3D metadata warehouse built on Ethereum (ETH). According to Guy, the platform’s unique approach to virtual real estate is what sets it apart.
“What I find particularly appealing about The Sandbox is that it’s a ‘sandbox’ based metaverse. Lands are pieces of digital real estate within The Sandbox metaverse that players can purchase to build on their experience.
This essentially means that players can populate their lands with in-game assets to create real gaming experiences.
The important thing to note here is that each land is classified and stored on-chain as an NFT on the Ethereum blockchain, which makes the plots tradable and fully customizable.”
SAND is trading at $6.40 at the time of writing.
Finally, the metaverse altcoin he shared is a social virtual world that allows users to create various types of NFTs and earn passive income by selling or renting their properties. Netvrk (NTVRK) it happened. Netvrk allows users to purchase “premium” real estate using tokens.
“This metaverse project allows users to purchase assets within its sandbox including buildings, offices, vehicles and homes and anything else you can think of.
Now imagine being able to use the platform’s tokens to buy land in premium real estate spots like a quaint studio penthouse overlooking the beach of a penthouse right in the heart of the city. All of this is very possible with Netvrk.”
NTVRK is trading at $6.80, up 21% from a seven-day low of $5.58.
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.