The Metaverse you probably heard about it. It is a network of 3D virtual worlds focused on social connection.There are a lot of cryptocurrencies to give you an idea over 100 of those coins and tokens are being used in the metaverse. Here are 5 of them according to their size of market capitalization.
1.Decentraland(Mana)
How Decentraland (Mana)is used in the metaverse?
- Allows users to create, experience, and monetise content and mobile apps.
- LAND is exactly 16m x 16m (256 square meters) and can be found at a particular coordinate in the Metaverse.
- Decentraland users currently monetize their LAND through leasing, advertising and paid experiences.
- Create and sell items on the Decentraland marketplace for MANA tokens.
2. Axie Infinity
Axie Infinity was created in 2018 by game developers, it is an NFT-based online video game they are a token-based creature.
Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts
each of them has its own battle move.
The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS).
It is a blockchain-based trading and battling game that is partially owned and operated by its players.
Axie Infinity (AXS) tokens have a total supply of 270 million tokens.
Based on the current release schedule, as indicated by Binance Research,
100% of AXS tokens will be circulating by early 2026.
3.The Sandbox (SAND)
Launched in 2011 by Pixowl a video game publisher. The Sandbox is a blockchain-based virtual world.Allowing users to create, build, buy and sell digital assets in the form of a game.According to the official whitepaper the Sandbox platform’s main objective is to introduce blockchain technology in mainstream gaming.
The platform thrives gaming community. All the transactions are done by using the SAND token.There is a maximum and total supply of 3,000,000,000 SAND tokens.
- Gaming platform where users can be creators and gamer
- Sell and buy digital assets
- SAND token as a medium of exchange
4.THETA
Theta (THETA) is a blockchain-powered network purpose-built for video streaming.Launched in March 2019, Developers say that the project aims to shake up the video streaming industry.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA).Theta Fuel (TFUEL), powering the internal economy.
The total supply of THETA is capped at 1 billion (1,000,000,000) tokens
- Viewers get rewarded with better quality streaming services, content creators improve their earnings
- Token holders receive governance powers
Enjin Coin (ENJ)
Enjin Coin is an ecosystem of interconnected, blockchain-based gaming products.Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.
Enjin Network is a social gaming platform through which users can create websites and clans,chat, and host virtual item stores.
Enjin Coin has a fixed maximum supply of 1 billion tokens.
Enjin has roots in the gaming industry, with the company’s first product,
a gaming community platform called the Enjin Network.
Where Can You Buy metaverse coin?
The tokens currently benefit from excellent liquidity and
can be purchased or being gained while playing their games.
They are also traded or sold on different exchange platforms, here are 3 of them.
–Binance
–OKEx
–Coinbase Pro
Conclusion
Most of these tokens are actually used in gaming platforms, most of them are NFT(Non-Fungible-Token),this explains why they are in the metaverse and also most of them have a maximum supply.
They are earned by playing games in the metaverse or bought on cryptocurrency platforms.
