Leading Metaverse Tokens
It is a testament to the industry's recent growth that the term "Metaverse" may be chosen as the Oxford Dictionary's Word of the Year for 2022. In fact, given the prominence of the crypto community, it has a good chance of winning Word of the Year.
The term "Metaverse" was used more frequently in 2022, according to a statement by Oxford University Press. This makes sense given the quick uptake of Metaverse across numerous businesses.
A "virtual reality environment in which users interact with one another's avatars and their surroundings in an immersive way" is what the term "Metaverse" refers to.
“Usage increased as we discussed hybrid working, debated the ethics, and wondered about the feasibility of an entirely online future.”
It is safe to assume that the Metaverse is still in its very early stages of expansion compared to the world of cryptocurrencies. The two cryptocurrencies in the ecosystem are interconnected, which increases the likelihood of long-term success for enterprises involving them. However, some of the most promising cryptocurrency businesses have been severely harmed by the protracted negative market situation in 2022. In this setting, several of the Metaverse tokens are still attracting investments and social traction. The top Metaverse tokens are listed below:
ApeCoin (APE), which ranks 35th in terms of market capitalization, is by far the most widely used Metaverse token. The online multiplayer game Otherside metaverse uses APE as its native cryptocurrency. While the majority of Metaverse tokens are worth less than $1, ApeCoin is presently worth between $3.23 and $3.40. The Bored Ape Yacht Club served as inspiration for the decentralized initiative known as ApeCoin (APE).
Decentraland (MANA) is a marketplace for digital assets that enables the purchase and sale of real estate, estates, and wearable avatars. The Decentralized Autonomous Organization (DAO), which manages its smart contracts, is in charge of running the project. Some of the best Metaverse projects are said to be hosted on the Decentraland platform.
Theta Network (THETA)
A Web 3.0 blockchain architecture called Theta Network (THETA) was created for the video, media, and entertainment businesses. The token has recently gotten a lot of mainstream industry backing in the form of partnerships.
The Sandbox (SAND)
The purpose of this token is to enhance the gaming experience. On the Ethereum blockchain, Sandbox (SAND) is a virtual Metaverse where users can create, own, and make money from their gaming experiences.
Internet Computer (ICP)
By substituting a smart contracts-based architecture for the traditional IT ecosystem, the Internet Computer (ICP) blockchain aims to reduce the need for it. ICP is one of the high valued Metaverse coins with a promising idea at its current price range of $3.85.