Metaverse, a subcategory within cryptos. According to crypto commentator Ankist Sethi, Decentraland, Axie Infinity and The Sandbox are in the top 3 metaverse cryptos. In-game digital assets, including NFTs, are a major attraction in metaverse projects. Details are on Kriptokoin.com.
AXS forecasts
The Ukrainian crisis is probably dealing a blow to the cryptocurrency world. Metaverse cryptos seem like a subcategory that could be on investors’ radars in these turbulent times. Here are the top three metaverse cryptos to watch closely in the coming months, according to crypto commentator Ankist Sethi.
1. Axie Infinity (AXS). Axie Infinity is one of the most popular blockchain games. Axie Infinity has managed to maintain its lead over the others so far. The game also comes with non-changeable token (NFT) foundations. The game also has a native AXS token. This makes Axie Infinity interesting because users can not only trade AXS crypto-assets, but also profit if the price of Axie NFTs rises. At the time of writing, Axie Infinity’s market cap of over $2.6 billion makes it one of the top 50 cryptos on the CoinMarketCap list.
Decentraland estimates
2. Decentraland (MANA). Recently, it was in the news that JPMorgan is opening a hall in the Decentraland meta universe. This has happened with Samsung setting up a digital store and even a country opening its metaverse embassy in Decentraland. Decentraland’s virtual reality world powered by Ethereum blockchain is gaining traction. At the time of writing, MANA had a market capitalization of over $4 billion, the highest of all metaverse tokens.
3. Sandbox (SAND). Adidas chose the fictional world of The Sandbox. Sandbox also received funding from SoftBank. Metaverse allows users to create and trade various digital assets, making it a “play-to-play” cryptocurrency project just like the two above. Sandbox has a market capitalization of approximately US$2.9 billion. It is also among the top 50 crypto assets, but the value of the SAND token has dropped so far this year. According to the analyst, the SAND token could gain in value if brands continue to engage in the metaverse and The Sandbox collaborates with them to help them build their digital stores.
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