Top 10 Metaverse and Cryptocurrencies in 2022

Note: This is not financial advice. This is for educational purposes only. Note that cryptocurrencies are a very volatile asset category; invest only in what you can lose.

Technology giants such as Facebook and Microsoft are working to create a wider universe beyond our physical world, so meta-cryptocurrencies are in vogue right now and have the potential to destroy our world.

Metaverse Cryptocurrency

Following the announcement of Facebook’s new name Meta, interest in cryptocurrencies focused on metaverse has increased dramatically. The social media giant has dropped its old name, Facebook because it believes it represents only one product. Meta, a prefix to Metaverse, contains the concept of a shared virtual world and community, a brand that Facebook hopes to include.

Top 10 Metaverse and Cryptocurrencies in 2022

01. Axie Infinity (AXS):

AXS stands for Axie Infinity Shard. It is an ERC-20 token built on the Ethereum Blockchain and can supply a maximum of 270,000,000 AXS coins. In fact, AXS is designed to be used on the Axie Infinity platform. Inspired by Pokemon, Axie Infinity is a fighting game where players can increase their axis, train and fight others. In order to multiply the axis, players must consider the competition and ranking of the characters in order to provide the best opportunity to produce a strong offspring. Players can also sell their axes in the NFT market and exchange islands or anything in this game.

Axie Infinity has two game modes: Adventure Mode, which requires players to fight and complete each level successfully, and Arena mode, which includes combat games, requiring at least 3 axes to battle.

AXS token holders will have the right to vote on game development. They can also bet their tokens to get regular rewards and pay for anything on the platform with AXS coins; for example, buying axis on the market. Therefore, the sharp increase in AXS tokens will depend on the growth of the Axie Infinity platform.

Blockchain-based virtual world The growth of The Sandbox’s native cryptocurrency, SAND, seemed to confirm the relationship between the two companies following a tweet from German sports goods giant Adidas.

02. Sandbox (SAND):

According to CoinDesk, the token has risen 25 percent in the last 24 hours, hitting a record high of more than $7 a week, up 70 percent for the week. Adidas, which recently entered the meta world with the introduction of POAP, an Adidas Confirmed application, took to Twitter on Tuesday to develop a program called “adiVerse” in partnership with The Sandbox.

The sports goods company, Crypto, said on Twitter that it seems to have bought a piece of land in The Metbox’s metaverse, as shown in the image below. SAND has risen more than 600 percent since the social media giant announced on October 29 that it had changed its name to Meta. The token also benefited from the much-anticipated play-to-find metaverse event, The Sandbox Alpha, scheduled for three weeks from November 29 to December 30.

Other gaming and metaverse tokens, such as ENJ, ILU, YGG, DVI, grew 40% to 90% this month, far higher than bitcoin.

03. Decentraland (MANA):

Decentraland, known as the “virtual social world,” includes everything that can be metaverse. In short, Decentraland, released in 2015, is a digital environment that mimics the physical world. At Decentraland, you can participate in virtual events, play games, sell digital goods in the market, and have fun with other members from all over the world.

Players who have studied Decentraland say it is reminiscent of Second Life, VRCat, and even Animal Crossing. Each virtual element in Decentraland is owned by the players independently. Users can verify ownership of the virtual property through a cryptocurrency called MANA, which runs on an Ethereum blockchain like SAND.
Can we talk about how Deadmau5 and Paris Hilton hosted a virtual music festival in Decentraland? Oh, there is a chance in Decentraland!

04. Engin Coin (ENJ):

Enjin is a cryptocurrency issued by Enjin in 2017.1 Enjin Coin is an ERC-20 compliant token that can be sent and received using an Ethereum wallet. But the technology behind Engin does more than just handle one currency.

The company behind Enjin is based in Singapore and works with companies to implement their solutions on the Enjin platform.

05. Illuvium (ILV):

Illuvium is an upcoming open-world, RPG blockchain game. Players collect animals called Illuvial, each of which has a class and a species. There are five classes and five types with advantages and disadvantages. As you win battles against other players and complete your quests, your Illusions will become more powerful.

Illuvium has two ERC-20 project gold coins on Ethereum: ILV (Illuvium) and sILV. Token holders can mine ILV liquidity, participate in governance, and receive bonuses. There is a time limit for ILV rewards, but sILV can be used directly in the game.

Illuvium also uses NFT to represent Illuvial and every game item, and it can also be traded in foreign NFT markets. To start earning ILV and sILV, you can buy tokens on Binance and start betting on Illuvium’s stake platform. You can also bet on partner tokens in Flash Pools for ILV.

06. UFO Game (UFO):

UFO Gaming is an independent gaming company that develops blockchain games within an ever-expanding ecosystem. Players join the Dark Metaverse to create their own clan, own and trade virtual land and earn NFT and cryptocurrency.

UFO Gaming seeks to bridge the gap between blockchain and traditional mobile and computer games, offering unprecedented opportunities to players in the P2E realm. Dark Metaverse is a closed ecosystem of the multiplier, P2E games with in-game NFT that allows users to generate revenue. Using blockchain’s decentralized mechanics, UFO Gaming is creating a new paradigm in the gaming industry, allowing any player to earn while playing.

07. RMRK (RMRK):

RMRK is an association registered in Zug, Switzerland, which directs the development of the RMRK protocol for creating highly compatible “art Lego” using NFTs on the Kusama using the system. remark extrinsic.

Among other things, RMRK brings the following features to the NFT table.

  • The NFT in the chain is expressing its emotions
  • Subscription burning messages
  • NFTs owned by NFTs
  • NFTs with conditional representation (if shown)
  • NFT with update slot
  • Multi-source NFTs (for example, containing both game code and high-resolution cover images)
  • NFTs that can be managed as a DAO
  • This is far beyond what the current ERC721 standard and the corresponding ERC1155 and their derivatives can do.

For this reason, RMRK has developed its own standard and is rapidly expanding the Kusama Sisters Association into a Dopp, platform, and network that has been launched throughout the ecosystem.

08. Render Token (RNDR):

Another aspect of Metaverse is that they allow companies to create 3D and augmented reality images. This is where Render comes in. Its decentralized infrastructure uses the power of computer processing to deliver digital content.

This means that digital developers do not have to spend a lot of money on expensive computing devices, and network participants can get rewards. It is scalable, environmentally friendly, and allows people to create economical 3D content.

09. Vulcan Forged (PYR):

Vulcan Forged is a blockchain game studio, NFT market, and NFT minting engine. Vulcan Forged is the creator of VulcanVerse, Berserk, and many other games. The ecosystem is expanding rapidly, and many games are being activated within the game for economic gain.

The native token used in the ecosystem is $ PYR. The $ LAVA secondary token acts as a token-finding game. The economic structure of this pair of tokens is ideal for playing.

Scientists will receive $ LAVA while playing Vulcan Forged and will be able to collect special NFTs during the game. These can be sold for PYR dollars at Vulcan Marketplace. That’s why games are exciting for companies like AAG Ventures.

10. Yield Guild Games (YGG):

Yield Guild Games is a decentralized gaming association that combines investors ‘capital to buy NFT to generate returns and leverage players’ time and effort to make their public assets more profitable and profitable.

By combining NFTs and decentralized financing (DeFi), YGG’s mission is to create value for its members by developing the content and economy of virtual worlds and blockchain-based games.

In May 2021, the short documentary “Play: Finding NFT Games in the Philippines” tells the story of rural people who played during the COVID-19 plague and made money from lucrative games.

Co-produced by Yield Guild Games, Delphi Digital, and Emfarsis Consulting, the documentary is about young and old people from developing countries with job shortages and limited opportunities to recover from the crisis.

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