You may have heard a lot about Metaverse lately. It’s essentially a blockchain-based virtual world that you can access with virtual reality glasses. In the metaverse, your creativity is the limit and you will live, play and communicate with others. Well, the virtual world also requires currency, and the currency used in Metaverse is called Metaverse Coins which include NFTs and other cryptocurrencies. Therefore, in this article, we will take you through the best Metaverse coins you can buy in India in 2022.
Related article Top 3 Ways to Buy and Sell NFT in India
Waiver: This article is for educational purposes only. These coins are listed according to industry trends and other factors. Their value and market position are subject to change. Please research and check before investing.
5 Best Metaverse Coins to Buy
Different Metaverse has its own cryptocurrencies and tokens. We will briefly talk about the 5 best Metaverse coins. Helping you learn more about each option, their differences so you can make the ideal investment choice.
These Metaverse coins are not in a specific order. You can buy these coins from any large company crypto exchange simply and make them part of your portfolio.
Decentraland is a platform that allows you to buy, sell or create your own virtual space, the so-called Land. You can explore this country with your computer, phone or VR (virtual reality) headphones. WHERE is the currency of Decentralland. It is one of the leading and widely available cryptocurrencies on this list that is available on many crypto exchanges making it available to new users.
When Facebook announced the name change to Meta, MANA grew 400%, which actually sparked a lot of interest in it and the metaverse as a whole, and its current market capitalization is $ 9 billion.
Its disadvantage is that it is based on Ethereum blockchain. That means it’s safe, but users have to pay a high gas fee, and content is also limited. It has an active support team working on it and also hosts many events. In addition, MANA has many uses outside of Decentraland, making it a lucrative option.
Axie Infinity (AXS)
Axie Infinity is a game that works similar to Pokemon. Here, players can own, trade, and fight creatures called Axies, and those creatures are NFTs so they can be sold out of the game. Players can also build kingdoms, hunt treasure and seek resources. It has the largest and most interesting player base.
The currency of this game is SJERINJA and players can earn this currency by doing several in-game activities. AXS is based on the Ethereum blockchain so there is a high gas charge even though the game is available for smartphones, Windows, and Mac. It is not a free game and players need 3 AXS to participate. Its market capitalization is over $ 8 billion.
Sandbox is a virtual world with a gaming model for profit similar to Axie Infinity. This means that you can do various activities to make money SANDS. This is the currency of Sandbox. Users can create their own games, play other games, own virtual land and assets. It has a powerful editor that allows you to transform and create things using SAND.
Sandbox is supported by Softbank and has a market capitalization of $ 6 billion. The sandbox is also based on the MANA-like Ethereum blockchain resulting in high gas charges. This is the disadvantage of any metaverse based on the Ethereum blockchain.
Enjin coin (ENJ)
Enjin is a network that allows users to create, manage and sell their own NFT. It’s Enjin’s currency ENJ. Users can use it to create NFT and assign value to it after which they can sell it and get ENJ in return. Enjin offers his crypto wallet allowing users to store ENJ and NFT and then transfer them to other Metaverse.
The Enjin network offers a market that allows users to sell their NFTs to websites and applications. ENJ is based on Ethreum, but their wallet is not open source. ENJ is not supported by any goods or property. It has a market capitalization of $ 3 billion.
Illuvium is an open world role play also called RPG. It has great surroundings, landscapes and tasks. Similar to Axie Infinity, you can collect creatures called Illuvials that can be sold, upgraded, or stored in your wallet. These Illuvials, their skins and other collectibles are NFTs that can be traded on the IlluvDEX exchange or other exchanges.
The currency of Illuvium is ILV, although players do not need it to play the game. They can earn it by completing tasks and activities and also use them to purchase Illuvial. ILV is based on the Ethereum blockchain. This results in high gas charges. This game should be released in 2022 and there is speculation about the rise of ILV when the game starts.
There are some other great Metavers you can invest in. We will list the coins that we could not cover in this article because they are also good options and have shown promising results and you should watch out for them.
- Atlas of the Stars (ATLAS)
- Theta (THETA)
- Flow (FLOW)
- Gala (GALA)
- Render Token (RNDR)
- Alien Worlds (TLM)
Also, read | Crypto Regulation Act 2021 in India: 5 points you should know
We have now come to the end of this article. We hope we have helped you get a clearer picture and a good understanding of the 5 best Metaverse coins to buy in India. There are still a lot of tokens and coins that you should watch out for and it is always better to do a little research before investing.
Facebook recently changed its name to Target and they are leading the way in making Metaverse a reality along with other huge brands, but no one owns Metaverse because it is similar to the internet. Some even call it the next evolution of the internet.
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