Metaverse or digital world is a dream that is coming true. Creating a virtual world using the best technologies and the Internet that everyone dreams of creating. This means that everyone can create the world they have in mind on the Internet. The metaverse has a special feature, that is, everything that makes a person’s virtual identity in the digital world is connected in the metaverse. A completely virtual life with millions of users in which people are connected with each other with all their identities and digital belongings and have a virtual life together and exchange and transact in this digital world with the best currencies of Metaverse .
Metaverse is the next generation of the Internet and a successor to today’s Internet. The connection between the physical world and the virtual world is provided as a person likes in Metaverse, and people’s exchanges and transactions are also possible on the Internet through digital currencies.
There are different layers for using digital currency. Services, products, even nascent legal systems can be created on and within the blockchain. For example, a wide range of digital currencies are built on Ethereum and blockchain, including something that combines services, products and the legal system, in fact, the metaverse is a complete virtual world.
Although the growth of the game industry is attractive, but game creators and players believe that its development is faced with a series of problems such as hacking , intermediary costs, fraud in business, rights and ownership of game assets. In this way, game makers find a potential solution for such problems. They use blockchain technology to make the gaming community safer, more transparent and more accurate.
Metaverse is supposed to be a bridge between people’s physical world and all aspects of their digital life. In such a way that all belongings of the virtual identity of people in this world are related to each other. You will need money to exchange, shop and transact in your favorite digital world. Digital currencies that are supposed to do the work of fiat money in the physical world and are the top currencies of the metaverse. The world of Metaverse is the same as the world of Avatar. So exciting and fascinating. Now that we have talked about Metaverse to some extent, it is better to get acquainted with the top currencies of Metaverse. Stay with us until the end of the article.
Did you see the movie Ready Player One? If your answer is yes, then we can say that Decentraland is a virtual environment created by James Halliday (in fiction) and where virtual life takes place. So is this Decentraland a game? No, it’s not a game, it’s a virtual platform related to the game. Decentraland is a virtual world similar to Metaverse and has a virtual economy where users can participate in countless economic transactions in the world and also earn money from the content and programs they create.
MANA is the currency used in Decentraland and is one of the top currencies in the Metaverse . Decenterland is made up of immutable digital pieces of virtual space (or terrain) that make up the game. Decentraland’s developers created a fixed amount of land and encouraged users to “develop” what they had, thereby creating a market for the currency used to trade it, MANA.
MANA is one of the top currencies of the Metaverse, a token in the land of Decentraland, created for in-game payments on the Ethereum platform. Users can use MANA to buy any piece of vacant land and also buy goods and services from other users.
As mentioned, the idea behind mana is about land, actually mana is a non-fungible token (NFT) that is the basis of the “land” in Decentraland, a virtual game world built on digital currency . To get land you need MANA, Decentraland’s digital currency (and literally the coin of the realm).
Land is not the only asset in the Decentralized world. In this platform, virtual goods can also be purchased using MANA in Decentraland Market. These virtual goods include “wearables” such as virtual clothes, as well as names that are unique to Decentraland.
As with most cryptocurrencies, the value of MANA as the top currency in the metaverse is quite volatile and its price fluctuates significantly over time. Anticipating and dealing with rapid and severe price changes is one of the principles of investing in crypto.
Facebook is rebranding itself as Metaverse as it tries to build its Metaverse business. Facebook’s push towards Metaverse has made Web3 developers more determined than ever.
According to CoinMarketCap statistics , MANA is the 78th cryptocurrency with a market value or total value of less than $1.2 billion.
Witek Radomski and Maxim Blagov founded Enjin and created a gaming community with its own digital currency (as a medium of exchange). In 2017, they launched the Enjin Fund for an initial coin offering (ICO) and eventually created the coin (ENJ).
So Enjin Coin (ENJ) is one of the top currencies in the metaverse and an ERC-20 token built on the Ethereum blockchain . This token is designed to be an in-game purchase currency for purchasing game items. It also adds value to in-game assets.
Features of ENJ
- The process of converting digital currencies into in-game items
- Coin (ENJ) is used as an intermediary currency for trading in-game items. That is, it allows players and game developers to trade their created items in a marketplace without intermediary fees.
- All in-game items can be converted back to (ENJ).
Advantages of using ENJ
Users can use ENJ tokens as one of the top currencies of Metaverse, to post or create blogs on the web board and talk with VIP guests in the website forums. The Enjin website sells advertising space on the news page and web board so that interested parties can purchase it with ENJ. Users can use ENJ tokens to participate in in-game activities such as opening treasure chests.
(SAND) token for gaming ecosystems
Sandbox is also an ethereum-based metaverse and game ecosystem where you can create assets and games, share them and earn money using the document token that we will mention below and which is one of the top currencies of the metaverse. make money Sandbox is a decentralized, community-driven virtual world where creators can design, share, and sell in-world assets. Metaverse Sandbox is one of several blockchain-based virtual worlds attempting to change the dynamics of the gaming market and reward creators for the value they generate through user-generated content.
Sandbox is designed to disrupt the traditional gaming market. In traditional games, platforms own and control user-generated content, thereby limiting the rights of creators and gamers, but in Sandbox, users have absolute ownership of their inner works.
SAND is an ERC-20 token and one of the top currencies in the metaverse that powers all transactions and interactions in the ecosystem. For example, it costs SAND tokens to play games, buy equipment, or customize your avatar. In the future, SAND will also act as a governance token, allowing its holders to be informed about ecosystem changes when establishing a Sandbox DAO (decentralized independent organization).
SAND can also be used to buy assets and land, digital pieces of real estate represented by ERC-721 tokens that are NFTs.
Bloktopia provides an unprecedented virtual reality experience to the crypto community, bringing users together in an immersive and engaging environment. Token holders are known as Bloktopians. As another top currency in the metaverse, this token will act as a central hub and welcome all levels of crypto experience. For the first time, users will have access to cryptographic information and comprehensive content in one place. Blockchains can earn money through owning real estate, advertising revenue, playing games, building networks, and more. Using the world’s most advanced 3D engine, Bloktopia uses this technology to create stunning visualizations and user experience.
According to market research, the global augmented reality and virtual reality market was valued at around $26.7 billion in 2018 and is expected to reach around $814.7 billion by 2025.
Earn money with BLOK
The native block token of blocktopia is one of the top currencies in the metaverse , whose owners will be able to buy and sell BLOK through a decentralized and centralized exchange . All tokens will be from initial real estate purchases and will reduce the overall token supply. BLOK is also required to purchase items from within Bloktopia. What makes BLOK valuable and essential to the functioning of the ecosystem is upgrading the real estate space or buying items from within the marketplace.
Axie Infinity is another top currency of Metaverse and the most popular game based on cryptography and Metaverse project using blockchain, whose main token is called AXS. In regions such as Southeast Asia, especially in the Philippines and Vietnam, Axie Infinity is fueling the development of a digital economy based on crypto-assets. In fact, people in areas where access to banking services is difficult and often expensive, play Axie Infinity as their main source of income. Users purchase Axie Infinity characters as NFTs, and once they have a set of three Axies, they can play with other users.
AXS token, the main token of Axie Infinity, and as we said, one of the top currencies in the Metaverse , is used as the main in-game currency. Therefore, if the game revenue is high, the usage of AXS token will increase and increase its value.
NFTs and in-game tokens are expensive to buy, what drives adoption? Since users need to buy NFT to play games like Axie Infinity, it can be argued that there is a high barrier to entry and the main reason for the increased activity of Axie Infinity users despite the increase in AXS and NFT prices is the increase in active guilds in this field. .
Guilds like YGG, Avocado Guild, and GuildFi basically allow users to borrow NFT axies to play Axie Infinity with a revenue sharing system.
In this way, users can play games like Axie Infinity without spending a significant amount of money up front, while supporting their guilds that provide them with the opportunity to play. Users who receive NFTs from guilds to play the game without high initial fees are called Scholars. YGG, Avocado Guild, and GuildFi are said to have between 1,000 and 6,000 scholars.
For example, the digital currency Mana has grown by about 475% in the last month, from $0.8 to $4.75. Mana currency is one of the cryptocurrencies that were introduced to students in the digital currency course support channel. Also, in the collection of challenge stories, the conversion of 50 million to 600 million Oxy Infinity cryptocurrency and its purchase steps were shown. You can also acquire enough skills to find such profitable projects in the course of digital currency and use the advantages of the support channel.
MANA, BLOK, ENJ, SAND, AXS tokens are tokens related to games created on the blockchain platform and are among the top currencies of Metaverse. In fact, all the tokens we introduced are related to the exciting world of Metaverse or similar. Where you are supposed to create your favorite world, play, buy and sell, and be able to do almost everything you do in the physical world in the virtual world.
MANA is the first token among the top currencies of Metaverse. Mana is a digital currency that is offered on the platform of Decentraland and it is used as a token of the environment of Decentraland. Users can use this token for in-game payment. The next token associated with the top metaverse currencies is ENJ. A token based on the ERC-20 platform built on the Ethereum blockchain. This token is designed to be used as an in-game purchase currency.
SAND is also an ERC-20 token that provides all the transactions and interactions of the sandbox ecosystem and is another top currency in the metaverse. BLOK is also a token in the field of gaming and has a metaverse environment, whose owners will be able to buy and sell BLOK through a decentralized and centralized exchange, whose owners will be able to buy and sell BLOK through a decentralized and centralized exchange. The last digital currency that was introduced among the top currencies of Metaverse in this article is the AXS token. An NFT token used as the main in-game currency in the Axie Infinity environment.
The top metaverse currencies that were introduced were created for digital games and payments in the game environment and exchanges and transactions on the blockchain platform and in the field of games. According to their developers, these coins are going to change the future of the current physical world through the Metaverse world.