Expectations are rising ahead of the annual Apple Developers Conference (WWDC). Whispers about the introduction of Apple’s extended reality (XR) headset are creating palpable excitement. Apple’s XR title is expected to radically change the tech giant’s legacy and set a new benchmark for the rapidly evolving world of consumer tech. Big technology companies, including Meta and Google, have been eyeing the XR world for a while. Apple’s entry into this space could rekindle interest in the metaverse, a collective shared space that bridges the gap between physical and virtual reality. This highlights the importance of metaverse coin projects. Some of the metaverse coins that show promising prospects with this increase in interest are as follows:
The two most popular metaverse coins: SAND and MANA top the list!
The Sandbox, another Ethereum-based metaverse resembling a mix of Roblox and Minecraft, uses the SAND token to fuel creative and gaming activities. The platform has enjoyed steady success, positioning itself as a hub for limitless creativity and gaming innovation. The Sandbox’s appeal extends to famous personalities like Paris Hilton, Tony Hawk, Snoop Dogg, deadmau5 and big brands like Atari, Gucci and Adidas. The platform saw impressive growth in the first quarter of 2023, attracting 100,000 unique players and generating 1.73 million visits.
As we reported on cryptokoin.com, SAND tokens are used for a variety of activities such as buying land for game development and hosting events, generating passive income through staking, and buying and selling assets. Like MANA, SAND functions as a governance token. SAND has a market cap of $1.11 billion and is trading at $0.60 at press time.
On the other hand, Decentraland, a virtual world connected to the Ethereum network, uses MANA as its primary crypto. This token allows users to buy virtual land, digital collectibles and transact in the decentralized market. Hosting brands such as JPMorgan, Coca-Cola, Sotheby’s and Samsung, the platform gained importance with its high land prices. The number of property parcels known as LAND is around 90,000. Perhaps the most attractive feature of Decentraland is that it enables users to create unique virtual infrastructures. It also gives you the freedom to shop from your favorite brands, socialize and start new businesses within the metaverse. Meanwhile, MANA has a market cap of $965.3 million.
Axie Infinity (AXS): Combination of game and metaverse
Axie Infinity combines the worlds of Blockchain games and metaverse. Reminiscent of Pokémon and Tamagotchi, the platform allows players to breed virtual monsters for battle tournaments. It uses two native cryptocurrencies: AXS and SLP. AXS, or Axie Infinity Shards, allows holders to vote on the future development of the platform, while SLP tokens earned as game rewards are crucial to raising new Axies. The success of the game has positioned AXS among the top metaverse cryptocurrencies. Also, the recent launch of ‘Axie Infinity: Origins’ on the Apple App Store has strengthened the AXS token. AXS has a market cap of $846.3 million and the token is trading at $7.28.
From meme coin to metaverse: Floki (FLOKI) draws attention
Floki is designed to popularize NFTs and the metaverse beyond the crypto community. The token rewards participation in events within the Floki metaverse, including the Valhalla NFT game and the FlokiFi DeFi Ecosystem. FLOKI is also the exclusive currency for purchasing in-game items and unlocking playable characters in Valhalla. Owning FLOKI also gives users the opportunity to earn passive income. FLOKI works on both Binance Smart Chain (BSC) and Ethereum Blockchain, ensuring compliance with ERC-20 and BEP-20 standards. This dual functionality makes it a promising player in the metaverse token space.
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