Metaworld is the latest craze that brings with it many investment opportunities. Here’s what it’s all about. The Metaverse, a simulated digital world, has its currency in the form of Metaverse tokens. Like in the real world, users can use this currency for investing and trading. In this article, you will learn about these tokens and which is the best metaverse crypto to buy in 2022. So, let’s continue reading.
What are Metaverse Tokens?
The Metaverse consists of decentralized software platforms that provide users with digital tokens, digital assets, an electronic trading marketplace, and much more. Users need to purchase cryptocurrencies to participate in Metaverse events.
On Metaverse, you can use this digital currency to buy digital objects such as houses, cars, and airplanes and purchase physical goods. Moreover, users can also exchange assets through personal Metaverse wallets.
How to Invest in the Metaverse?
Big companies like Adidas, GameStop, and others are investing millions of dollars in Metaverse, there must be a reason, right? According to our research, the following factors make the Metaverse an attractive investment opportunity.
Since the coronavirus pandemic, our lifestyles, communications, social interactions, and workplaces have changed dramatically. Many of these concepts have moved in whole or in part from the real world to the virtual one. And we will see the same in the future. As a result, the Metaverse will change our lives and allow us to communicate and live in a new way.
Overall, the Metaverse has great potential and a promising future. This means that the risk of buying metaverse cryptocurrencies is minimal. But again, you need to be aware of the different direct and indirect ways to invest in the Metaverse before taking the plunge:
- Buying Metaverse tokens
- Buying non-playable tokens (NUT) in the game
- Buying virtual land in the Metaverse
These are three direct ways to invest in the Metaverse. However, there are other indirect ways to invest in the Metaverse. For example, you can invest in any product or company that develops metaverse technology, such as VR/AR products or others.
Companies that make bio-hacking products that alter brain chemistry are also metaverse companies. You can also invest in Metaverse-related companies, such as Apple or Facebook.
However, buying Metaverse tokens is the easiest compared to other investment options. That is why beginners should start with Metaverse tokens. The following section will guide you through the process of how best metaverse crypto to buy.
How to Buy Metaverse Crypto?
You can trade Metaverse coins on cryptocurrency exchanges such as Fasset. The process is pretty simple and follows only a few steps, which are the following.
Step 1: Register with the Fasset cryptocurrency exchange.
Step 2: Choose your payment option.
Step 3: Buy and sell Metaverse tokens and other cryptocurrencies.
That’s it! Moreover, Fasset is an innovative, easy-to-use, secure cryptocurrency exchange, ideal for beginners and pro-crypto traders.
Moreover, for trading cryptocurrencies, the Fasset app allows you to perform trading activities, such as tracking your investments and getting information about investments through your wallet dashboard. It also helps you send and receive cryptocurrencies in the app, view past trades, and withdraw your money easily.
You now have complete knowledge of Metaverse tokens. However, as a beginner, you still don’t know which Metaverse coins to invest in. Don’t worry about that. We will help you in this case as well.
Metaverse Cryptocurrencies to Watch Out in 2022
The Metaverse is a virtual world based on blockchain technology. If the experts are to be believed, it will be the next big thing. And if it is the next big thing, some of these tokens will see incredible growth.
But which ones? We look at the tokens in the Metaverse that are poised to do big things in 2022.
In addition to offering digital identity and rights, Decentraland is a platform. It is a relatively new platform that allows users to create, use and monetize content and applications. It can be seen as a VR version of Ethereum, allowing users to buy land in their VR world.
The MANA token serves as a medium of exchange on the Decentraland platform. Users can use MANA tokens to purchase land in a virtual world and claim ownership of that world’s content.
Axis Infinity (AXS)
AXI is a new project to create a decentralized gaming ecosystem. The AXI token is the backbone of its platform and is used to pay for in-game upgrades, combat items, and more.
The AXI token differs from other metaverse cryptocurrency projects in that you can use it daily. This platform will appeal to people who like games but don’t necessarily know how to code or identify with blockchain technology.
Sandbox’s SAND is a token centered in the blockchain space. This currency aims to support the development of innovative, useful, and viable projects. The sandbox allows users to purchase products, services, and tools from these projects and buy SAND tokens to fund them.
This is an excellent use of SAND, users can use it in the applications of all Sandbox partners, and users are encouraged to store SAND tokens. Users can also use their tokens as cash to purchase goods and services.
Theta Network (THETA)
Theta is a decentralized video network for the next generation of video services. It provides a decentralized, peer-to-peer network that enables users to stream video at higher speeds and lowers costs worldwide.
The Theta team is working hard to create a blockchain-based protocol layer on top of its existing content delivery system, meaning it has no control over what you watch, only how it gets to you. They will use Theta with new and existing CDN platforms such as YouTube, Netflix, Hulu, Twitch, and others.
Strange worlds (TLM)
In the future of cryptocurrencies, the value of a coin will determine its utility. TLM is decentralized, which means it will always be in high demand and increase in value over time. They can use it on any platform that supports ERC20 tokens, which leaves plenty of room for growth.
It will not sell the TLM token in an ICO. Instead, it will reward those who offer high-quality content on the TLM network. As more people join the network and start earning TLM tokens by creating content, interest will grow.
Are Metaverse Cryptocurrencies a Good Investment?
Recent research by Verified Market Research suggests that the Metaverse was worth $27.2 billion in 2020 and will reach $824 billion by 2030, with a CAGR of 39.1%.
Although the industry is still in its infancy, savvy analysts and investors are starting to bet on promising metaverse projects, hoping that some of them will become major successes as their potential is realized.
Several governments, countries, and U.S. states are betting on the Metaverse, including the South Korean government. It has reportedly earmarked 223.7 billion (about $160 million) to invest in various Metaverse initiatives.
Since this sector has a lot of attention, the Metaverse is becoming an incredibly attractive investment. But not all parts of the Metaverse are equal, and only a few will experience explosive growth.