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THE TOP 5 METAVERSE COINS



The Metaverse is currently experiencing an enormous hype in the crypto scene. For many investors, this technical challenge represents the picture of the future in which we will be living in a few (many) years.

Metaverse - what is it anyway?

The term metaverse is currently on everyone's lips - and not just in the crypto space. Companies like Facebook specialize in this area in order to become pioneers in this field. How big the pieces are that Facebook puts on the Metaverse can be seen from the renaming of the company to "Meta".

The Metaverse can find many areas of application in the future. Not only Facebook is working on the development of a virtual reality. Developers of online games are also relying heavily on this technological progress. The CEO of Epic Games recently announced that the Metaverse represents the next multi-trillion dollar opportunity for the private sector.

In general, the metaverse can be divided into two areas. The first area that most people think of is virtual reality. This offers users the opportunity to immerse themselves in a digital world that feels amazingly real.

The second area is somewhat different from this. The so-called augmented reality ensures that users can easily get information about places or the like. An example of this would be glasses that recognize sights when the user is standing in front of them and automatically provide the user with all relevant information in digital form.

The potential that the metaverse holds cannot be denied. What relationship cryptocurrencies will have with this in the long term is questionable, however. Nevertheless, today we will briefly and succinctly introduce you to the top 5 Metaverse Coins by market capitalization.

5. Enjin Coin (ENJ)

This project is probably the oldest crypto project in the crypto area. The developers founded a community gaming platform back in 2009, which is the basic building block of Enjin .

Enjin remains true to its line and focuses mainly on the gaming sector. Specifically, the platform offers users the opportunity to assign a real value to digital objects. The company's goal is to unite several games in the Enjin network. Thus, digital values ​​in the form of an NFT should be made transferable from different games. These functions should run via smart contracts that are mapped on the Ethereum blockchain.

4. The Sandbox (SAND)

One coin that has seen an enormous increase in the last few days is sandbox . The name was chosen very appropriately. Simply put, a sandbox is a separate area that is isolated from its environment.

The most famous sandbox game is Mincecraft. In this game, which is particularly characterized by its poor graphics, the user creates a digital world with his character. The company was launched back in 2012. In 2018 the decision was made to dive into the crypto world with the games.

SAND scores with strong partnerships. The company benefits from support from Binance and, more recently, from Adidias. Sandbox enables its users to own NFT as an object in the virtual world. There is even an option to move this NFT to Minecraft.

3. THETA

The THETA Coin is gaining a foothold in another area. Everyone who uses streaming platforms knows the problem that the videos are sometimes either played back in poor quality or sometimes hacked.

In order to solve these problems, THETA created a platform that does not have a central server, but rather creates a decentralized network. Each user serves as a node that can provide bandwidth to get the platform up and running. The fees incurred on the platform that is built on the Ethereum Blockchain are paid in TFUEL. THETA and TFUEL are related in a similar way to NEO and GAS.

2. Axie Infinity (AXIE)

This project has  become big and popular because of the virtual pets that can be purchased on the platform. These pets, which are shown as NFT on the Ethereum blockchain and reflect a real value for the users, have enjoyed great popularity this year. Each pet has different skills.

The game is structured in a similar way to Pokemón. Users have the opportunity to train their pets (Axies), develop them further and let them compete against each other. Thus, these are getting stronger and more valuable. More than a million users enjoy the gameplay of Axie Infinity every day. The game is to be expanded with some functions such as the expansion of your own land.

1. Decentraland (MANA)

The Metaverse Coin that currently has the largest market capitalization is Decentraland. The MANA platform offers its users a whole range of functions. A second virtual world is being created here, so to speak.

The functions of Decentraland range from virtual casino aisles to virtual shopping to virtual business formation. Thus, the platform actually offers all the experiences that can be made in real life.

For many people, the basic question arises: Do we even need this? Why should we enter a virtual world where we can do exactly the same as in real life? There is no real answer to that. However, it should be mentioned here that the Metaverse offers opportunities that cannot be experienced in real life.

Conclusion

The Metaverse offers a number of opportunities that many may well label as unnecessary. Nevertheless, in my opinion, it can be assumed that the Metaverse will play a major role in the future. The hype surrounding Decentraland is not unfounded. In the field of cryptocurrencies, this platform is very well developed and in terms of Metaverse, it is by far the best. However, it remains unclear whether the metaverse will prevail in the crypto area or whether it will be handled in the long term via central authorities.

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LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
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FREEBTC - The #1 FaucetPay earner for Satoshi's
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