NFT and the metaverse coin market have had a rough year as a result of the drop in sales brought about by the bear market in cryptocurrencies. Despite this, some collections continued to make significant gains, such as the Reddit World Cup collections. Some metaverse coin projects also continued to gain momentum. In this article, we will cover metaverse coins that some experts expect to continue to experience bullishness. Here are the details…
5 metaverse coins to watch out for for long-term high returns
Metaverse is one of the internet’s favorite new fashion words. If you’re new to the market, the metaverse is the latest in virtual reality. They are worlds that are sometimes accessed by people using a VR set. It can be focused on many areas from shopping to entertainment, from learning to playing games. Some tech firms see the metaverse as a new frontier that could be seriously transformative.
As we reported on cryptocoin.com, this widely futuristic concept has become a buzzword after Facebook rebranded itself as Meta last year. Cryptocurrency is starting to play an important role in certain parts of this brave new world. However, its role in shaping the metaverse has been complicated by the massive dips in the crypto winter throughout 2022. So, what are the metaverse coins to watch in the current situation?
The Sandbox (SAND)
One of the top NFT/metaverse coins, The Sandbox has received impressive adoption. It is also an Ethereum-based cryptocurrency. The Sandbox aims to revolutionize the gaming industry by allowing users to create 3D objects such as people, animals, and vehicles in the metaverse. These undivided assets can then be shared and profited from on various platforms.
Decentraland (MANA)
A metaverse pool is created by the Decentraland protocol, which is based on Ethereum and combines virtual and augmented reality with the internet. Users can create, share and monetize content and applications on this website. With a 3,300 percent increase in the number of users compared to the previous year, Decentraland has become the center of the Metaverse ecosystem.
Tezos (XTZ)
Breitmanns introduced the Layer-1 blockchain protocol Tezos about 5 years ago. Blockchain project provides a more scalable platform for building dApps. The secret of Tezos’ superpower is its future-proof architecture, which enables scalability without a hard fork. For users in the DeFi, NFT, and Metaverse ecosystems, Tezos Blockchain is renowned for offering high-performance and inexpensive transactions.
Theta Network (THETA)
The Theta network works similarly to other Blockchain initiatives. The protocol aims to transform the video streaming and content distribution industries. Theta allows users to distribute their bandwidth using peer-to-peer (P2P) systems.
Axie Infinity (AXS)
One of the top NFT tokens, Axie Infinity has made a name for itself as the future of blockchain gaming. Axie Infinity is a Pokemon inspired game released by Sky Mavis Tech Company in 2018. It allows players to come together, grow and participate in 3v3 fights.
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