The metaverse brings great prospects for the digital world and all those involved, with no two metaverses being exactly the same as of yet. While Facebook’s metaverse is still a long time away, these top metaverse coins have been exploring and enjoying the technology for years. From socializing to gaming to new experiences like concerts, the world has already embraced these virtual worlds for all they offer.
Are there better metaverses to come? There definitely are, but that doesn’t mean these top metaverse coins have nothing to offer and evolve on. These projects were among the first to utilize the technology for their community before it became a money-making buzzword, so let's give credit where credit is due.
What Is The Metaverse?
At the core of what a metaverse is, it is simply described as a virtual world where users interact, game, and experience as they would do in the real world. In the metaverse, users would be able to communicate, hang out, work, play games, watch movies, enjoy adventures, and more. These virtual realities are usually facilitated through the use of virtual and augmented reality headsets, but it is not completely necessary.
It is important to note that there have been metaverse-adjacent, or even very precise, projects and platforms already. Second Life is considered one of the first metaverses, although it lacks a lot of the potential technological advancements offered today. The metaverse is embracing web 3.0, the next evolution of the internet, focused on decentralization through blockchain technology and other aspects.
While Second Life was the first iteration, there are decentralized options out there already that more align with the core concept of what a metaverse is. Let’s take a look at the top metaverse coins currently on the market.
Best Metaverse Coins Right Now
Market cap: $4,346,798,555
Decentraland is currently the highest valued metaverse on the market right now, with an esteemed platform and community dating back to 2017. Decentrland is a 3D virtual browser-based world that allows users to interact, build, buy in-world assets, and play games. They raised $24 million in their initial coin offering during 2017 and has been a favoured metaverse in their public launch in 2020.
Market cap: $3,148,458,907
Sandbox was originally a game founded in 2012 but was acquired by Animoca Brands in 2018 when it made the shift to blockchain technology. The Sandbox metaverse allows users to create, build, buy, and sell digital assets through their gaming focus. Their main aim is to combine DAOs, NFTs, and Play2Earn to create a superior gaming experience backed by blockchain.
You can buy, sell and trade both MANA and SAND on Oobit's mobile app.
Market cap: $2,859,023,846
Launched in 2019, Theta Network has been joined in partnership by companies like Samsung and Sony and is more interested in virtual live events and gaming. The project is advised by Youtube and Twitch cofounders Steve Chen and Justin Kan. While Theta Network lacks exciting innovations, they have created a decentralized environment where their users can experience concerts, streams, and more in a virtual space.
Market cap: $2,822,281,246
Axie Infinity is one of the biggest names in Play2Earn and NFT gaming, gaining loads of community hype and support since its start. Axie Infinity is a trading and battling game, partially owned and operated by its users, driven by blockchain. Axie Infinity is a metaverse, creating a decentralized space for users to collect and breed digital pets used to compete in a card game, with other perks and aspects included too.
Don’t wait on the metaverse to come to you, it's already here and waiting for you to join. We recommend these top metaverse coins because of their success, community sentiment, and innovation. Ready to jump into the future? Join a metaverse and we will see you there.
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