5 Highest Valued Metaverse Crypto coins
The term “metaverse” joins the prefix “meta” (meaning “beyond”) with “universe” to convey the idea of a future version of the internet comprised of persistent, shared, 3D virtual spaces linked into a perceived virtual universe. It denotes a future iteration of the internet where users interact with each other through avatars in virtual worlds.
If you are unfamiliar with the idea of the metaverse, an excellent place to start is author Ernest Cline’s famous 2011 book Ready Player One. It was made into a film by Steven Spielberg in 2018.
In the book, human society has become increasingly dependent on virtual reality technology — referred to as OASIS. While users can experience an alternate reality, those who control it have become powerful gatekeepers.
The idea behind metaverse cryptocurrencies is to bring back peer-to-peer technology into the equation so that no single entity can dictate the rules of their digital kingdom. Here are some major cryptocurrencies that have made headway into the metaverse
Theta Network(THETA)
The Theta protocol solves numerous problems plaguing the video streaming industry today, from high CDN costs to lack of net neutrality. Users who share redundant memory and bandwidth resources of their devices are rewarded with Theta Fuel, the operational token of the network.
Theta has been making great strides to decentralize streaming when it joined hands with Samsung VR to power Samsung VR’s video platform. A deal with Sliver followed this partnership which allowed the social video platform to serve as one of the first sources for users to earn Theta tokens for watching videos on their system.
Stacks (STX)
Stacks creates a decentralized internet where users can own their data and apps run locally. Stacks 2.0 introduces smart contracts to Bitcoin’s ecosystem: Clarity smart contracts support safe, human-readable code while Blockstack’s consensus protocol guarantees that all smart contracts execute correctly.
Axie Infinity(AXS)
Axie Infinity is a Pokemon-inspired virtual world and game on the Ethereum blockchain. Like CryptoKitties, players can buy, breed, and sell their creatures in the marketplace. The difference with Axie Infinity is that the creatures can be trained to fight against other competitors.
The Sandbox(SAND)
The Sandbox is like Minecraft for adults. It is a massive online multiplayer game where players will be able to build, own and profit from their 3D voxel worlds. The game world is tokenized on the Ethereum blockchain, and players will be able to purchase plots of LAND using SAND tokens.
Decentraland(MANA)
Decentraland is a decentralized platform based on the Ethereum blockchain. Decentraland’s virtual world allows its users to buy, build and monetize their content and applications. Decentraland was founded in 2017 by Ari Meilich and Esteban Ordano. It uses: LAND and MANA.
LAND is immutable, limited digital real estate that users can own and develop in Decentraland. Users can buy LAND tokens with MANA, which they then use to build whatever they like on their plot of LAND.
MANA is an ERC20 token used to purchase LAND, make in-world purchases of digital goods or services, and enter into special smart contracts called “Estates.” Staking MANA also grants voting privileges in many parts of Decentraland.
It provides a variety of applications like games, social networks, online shops, or gambling platforms. It also offers content such as 3D scenes, audio files, or animations.
