The shining star of 2021 in the crypto world is undoubtedly NFTs and decentralized exchanges (DeFi). As we approach the end of 2021, while the Bitcoin (BTC) move continues to be expected in the markets, a new concept has been added to our lives. “Metaverse”. OK then What is metaverse? How Metaverse is used in crypto technology If you are wondering questions such as What is Metaverse? Where Did This Metaverse Fury Come From? We invite you to our article.
We knew Facebook was interested in cryptoassets and the “next generation of social media” now called the metaverse. However Facebook with a recent announcement Meta announced its rebranding. After this announcement, it already has great potential. metaverse community gained great power and the local community formed metaverse tokens had incredible rises.
The world of Metaverse has become a subject of curiosity by many people after this power and acceleration. KoinFinance In this guide, we have prepared for you, our dear readers. what are metaverse coins We want to give an answer to the question.
What is Metaverse?
The subject of this guide what is metaverse Although it is not a question, it would be a good start to define the concept of metaverse with a simple but comprehensive definition. metaverseAlthough it is a concept that can be translated into Turkish as “beyond the universe”, it is interpreted by many as a more advanced version of Virtual Reality (VR) technology. The metaverse community, on the other hand, disagrees with this interpretation and calls the metaverse the next stage of the internet.
The metaverse community, which wants to carry a virtual copy of everything that exists in the physical world to this universe and thinks that this will happen sooner or later, instead of taking place in front of the computer in our own physical world; We will continue to take place in the metaverse, which is a fictional reality. At this point, the metaverse community thinks that this universe will have no boundaries and that different developers can take place in this universe with different digital assets.
In some projects developed by the Metaverse community, individuals can interact with other individuals, play games, attend concerts, exhibit their own items and even artworks with certain avatars that represent themselves in this digital world. At this point, the metaverse, combined with NFT technology, allows individuals to represent themselves in this digital environment.
Why Metaverse Coins Started to Appreciate?
As I mentioned at the beginning of this guide, after Facebook’s metaverse curiosity took a concrete step, the metaverse craze took it to the next level. NFT The spark that started with technology has taken the next step with many blockchain games, especially Axie Infinity, and now Facebook’s Meta It caught fire with his thrust.
What Are The Most Popular Metaverse Coins?
Although the world of Metaverse is still a developing sector, it also has tokens that have captured a good market value for a while. All cryptoassets that appeal to virtual reality, NFTs and virtual goods (usually with NFT technology) are actually part of the metaverse world.
Request Coinecko according to data most valuable metaverse coins.
Axie Infinity (AXS)
Axie Infinityrepresents the platform that operates on a blockchain-based “play-to-win” model. Players in the world of Axie Infinity, on the other hand, receive awards as much as their contribution to the Axie Infinity universe. Their rewards are local tokens. AXS can be used with. Axie Infinity, which has existed since 2018, was developed by a game company called Sky Mavis in Vietnam.
Market value: $8,602,450+.
Circulation Supply: 61,171,675
Total Supply: 270,000,000
Initial Price: 0.1 dollars
One Month Price Change: 88.6%
Decentraland (MANA)
MANA is an Ethereum-based platform that allows users participating in its network to offer various content and earn from it. MANA was founded by Ariel Meilich and Esteban Ordana.
Market value: $4,546,999,309+.
Circulation Supply: 1,327,372.145
Total Supply: 2,194,020,427
Initial Price: 0.007883 dollars
One Month Price Change: 397.1%
Enjin Coin (ENJ)
Enjin Coin is a project with an ecosystem that allows creating gaming products using blockchain infrastructure. Within this ecosystem, game creators and technology companies can buy, store and generate income from tokens. ENJ is also a project using Ethereum infrastructure. Although Enjin Company was founded in 2009, the ENJ project took place in 2017 and was launched in 2018.
Market value: $2,543,997,038+.
Circulation Supply: 934,340,659
Total Supply: 1,000,000,000
Initial Price: 0.01562 dollars
One Month Price Change: 107%
The Sandbox (SAND)
The Sandbox represents a decentralized virtual world where players can design, share and sell in-game assets. Launched in 2020, the project still remains popular.
Market value: $1,654,914,255+ dollars.
Circulation Supply: 892,246,119
Total Supply: 3,000,000,000
Initial Price: $0.0083
One Month Price Change: 172.2%
Wemix (WEMIX)
Wemix, which lacks the data provided by Coinecko, is a gaming platform that offers blockchain-based gaming services to its users. Wemix also includes dApps that provide its users with a wallet and marketplaces to redeem their digital assets.
Market value: $742,046,307+.
Circulation Supply: 123,233,682.38
Total Supply: 1,018,187,200
Initial Price: $0.36
One Month Price Change: 377.9%
Other Popular Metaverse Coins
Of course, metaverse coins are not limited to these. Other coins used by the Metaverse community are as follows:
- UFO Gaming – Total Value: $783,659,375
- Yiel Guild Games (YGG) – Total Value: $608,140,333
- StarLink (STARL) – Total Value: $489,622,393
- Wilder World (WILD) – Total Value: $295,409,269
- RedFOX Labs (RFOX) – Total Value: $226,693,764
- Somnium Space CUBEs (CUBEs) – Total Value: $198,891,525
- Decentral Games (DG) – Total Value: $185,345,148
- Aavegotchi (GHST) – Total Value: $181,272.006
- Boson Protocol (BOSON) – Total Value: 172,947,246
Note: The values here are at the time of publication.
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.