How Metaverse Is Booming The New Crypto Trend
Companies like Epic, Facebook, Roblox, and Microsoft have spent billions of dollars to bring the new reality of Metaverse to the forefront. This is seen as the next step in the development of the internet. Metaverse is still not very popular, but tech and cryptocurrency investors are starting to pay attention. One of the biggest tech companies in the world, Facebook, has changed its name from Facebook to Meta to show that it believes in the metaverse.
It said that the metaverse project was worth $10 billion earlier this year, and the company called it the technology of the future. The technologies of cryptocurrency and the blockchain will help with this journey. The market for cryptocurrencies is always changing, and something that is doing well today might drop a lot tomorrow. You should never let your money go to waste.
Let’s Understand Crypto Evolution In Metaverse
Each project in the metaverse has its own tokens. Some tokens from metaverse development projects are already for sale on certain exchanges, while others are still being made. Both investors and fans can see that these projects have potential. Each metaverse project has its own idea and real-world applications, like non-fungible token marketplaces and virtual games.
To improve your chances of success, you should buy coins with potential and spread out your investments. Does the metaverse have anything to do with cryptocurrencies? Is there a clear way to describe the metaverse? Do you buy the right tokens for the metaverse? Find out everything you need to know about the metaverse and where you should put your money.
Highstreet (HIGH)
Highstreet is an interesting metaverse project when you think about how it could be used in virtual reality. Inside this virtual world, the currency used to buy things is HIGH. It works with some Shopify stores already. The site knows about tech and crypto trends and has games and non-fungible tokens (NFTs). On top of that, HIGH can now be bought on Coinbase.
If we look at this project in the real world, it already lives up to the promises of metaverse technology. If you care a lot about being useful, this could be a good investment for you. A tech company called HTC got money for this project in August 2021. As of July 2022, the market value of the company was more than $20.79 million.
Decentralized (MANA)
Decentraland is one of the crypto metaverse projects that has been getting a lot of attention lately. Along with the popularity of NFTs, the platform’s native token, MANA, also gained a lot of value. It became very common for people who owned NFTs to put them on the platform. This metaverse platform is for more than just NFTs.
Decentraland is one of the older projects that has taken a while to get known. It was started in 2017, so it has been around for a while. Even though MANA hasn’t done very well in terms of market capitalization, it is the second largest metaverse token. Since the beginning of the year, the price of MANA has gone down a lot, but it is up a little bit from a year ago.
Enjin (ENJ)
A lot of metaverse coins are in games like Enjin. Using ENJ, you can buy assets that will help you move forward in a metaverse-style game. You can buy anything in the game with ENJ, from medicine to new features. So, you could also think of it as a market.
Enjin’s NFT para chain, which just launched on Polkadot, now has more than 100 games and apps. After 500,000 wallets were made in May, a beta test of Enjin Wallet 2.0 began.
ApeCash (APE)
It’s an ERC-20 token, which means it’s based on the blockchain of Ethereum. With the ApeCoin token, holders get access to products and services that are only available to ApeCoin holders. They can also help run the Ape ecosystem. On the other side is a metaverse game made by Yuga Labs. Bored Apes Yacht Club is one of its non-exchangeable tokens.
The company raised about $320 million by letting APE holders buy pieces of land in Otherside through a virtual land sale. The holders bought 55,000 “Otherdeeds,” of which 45,000 went to Yuga Lab NFT owners and developers. Because of the sale, there was a lot of traffic on the Ethereum network, which drove up “gas fees,” or the fees that users pay to make transactions.
Terra Virtua Kolect (TVK)
Before NFTs, Terra Virtua Kolect was already around in 2017. Now, everything is about NFTs in a virtual setting. Members can make, sell, or buy NFTs from each other using a native token called TVK. This project has a lot of potential, and NFTs are a key part of it. The platform works with web, PC, AR, and virtual environments.
Terra Virtua recently added the Cardano blockchain to its market to make it more environmentally friendly. A report on NFT Evening said that it had already added Polygon, the first blockchain that was good for the environment. TVK’s market capitalization is now over $40.98 million, and its performance so far this year is -74%. New partnerships, like the one with the NFT game Kawaii Islands, could make the game profitable in the long run.
Floki Inu (FLOKI)
There are a lot of currencies based on dog memes, but Floki Inu is one of the best. It is undervalued and could be used as a currency in the metaverse. The currency is named after Elon Musk’s Shiba Inu, which is also the name of another crypto exchange development project.
On the project’s website, memes are mixed with examples of how they are used in the real world. It will also launch a game, a market for NFTs, and a platform for education and content. People have been buying FLOKI tokens even though the project is still in the works.
Metahero (HERO)
Metahero is a new project that aims to make 3D avatars of real-world objects and people. The company even put in a scanning chamber in Doha so that objects could be scanned and their digital, 3D versions made. This goal has been reached because Metahero and Wolf Studio worked together.
Its native token, HERO, has reached a market cap of $46.31 million at the moment. Because it isn’t as old as some of the other tokens on this list, it is smaller. Metahero’s performance so far this year is -93%, which is about the same as other alternative coins. In the past few months, CEO Rob Gryn’s work with his different meta-project Everyone may have also helped Metahero.
Star Atlas (ATLAS)
Star Atlas is a metaverse project that has some of the most beautiful graphics you’ve ever seen. The game takes place in a very futuristic world, and players can take over land and get resources. In a deal that could bring more people into the metaverse, PC maker iBuyPower has become Star Atlas’ hardware provider. Users who play the game get an ATLAS token, which stands for the metaverse.
As you complete tasks and play the game to win rewards, you earn coins. There is, however, a chance of getting something out of this. Since Solana is based on Ethereum, it makes the game cheaper than Ethereum. The coin is worth $18.7 million on the market, and it trades for $0.008654.
Sandbox (SAND)
The Sandbox has done very well in the crypto metaverse. In the last quarter of 2021, SAND went over $1, and it kept going up until it reached $8.40 in November of the same year. Since then, its price has gone down and is now $1.43, which is a 66% increase from a month ago. Through VR, this project makes the metaverse vision come true.
Sandbox is basically a game, so game companies like Atari are supporting it, which could help it make it through the current economic downturn. The Sandbox recently worked with Lionsgate to make a “Hellboy”-themed metaverse destination, and Tony Hawk announced plans to build a skateboarding park.
Epik Prime (EPIK)
Epik Prime, a metaverse project, has turned into an NFT-only project. EPIK can be bought on PancakeSwap, HotCoin Global, KuCoin, and Huobi Global. According to CoinMarketCap, Epik licenses NFT collectibles and experiences to Warner Music and Universal, so it’s likely to bounce back from its recent drop.
EPIK, which came out just last year, has a market capitalization of $4.3 million. The biggest use for the smallest coin on this list comes from a big company. About 17% of the 2 billion coins that can be made have been given out.
So, Here Are Some Metaverse Crypto Trends To Look Out For:
Spatial Audio
Metaverse is made up of a core technology called Extended Reality, which helps make metaverse. Not just that. This new environment is about a lot more than just XR. Tools for augmented reality can help people connect with digital communities.
Avatars That Look Very Real
The metaverse is all about the idea of a “virtual self,” which is just a digital version of who we are that we can build on an online platform.
With this method, people will be able to show off their digital selves through hyper-realistic avatars and connect with others on a deeper level. Many businesses are being affected by these avatars.
Keeping Track Of Motion
Metaverse, or at least a part of it, makes it easier or more straightforward for a person to talk to a machine. Instead of giving commands to the computer, the user will be able to talk, move, and make eye movements to interact with it.
We’re slowly moving toward a time when we’ll be able to watch computers and digital environments from the outside. In the future, we’ll be able to be in both real and virtual places at the same time.
Platforms With No Code Or Little Code
Metaverse isn’t just about using virtual reality to bring people together. It’s also a concept that depends on a change in the way the internet works.
Metaverse gives people Web3 to play with. Here, the people who make and develop online content keep control over it and own their own identities.
We need to make the metaverse an open place where more and more people can build and change the landscape.
How Blockchain and Digital Assets Are Taking Off?
With a new launch, the decentralized internet gives us a new way to think about the blockchain for managing data in a transparent way. Blockchain makes it easy to do things like record histories, use decentralized authorization, and send data that can’t be trusted.
The report says that blockchain is a key part of making the metaverse safe and real. Blockchain helps to make a new economy inside of a metaverse. Blockchain is a way for creators to make money off of the things they make and get paid fairly for their skills.