The Metaverse is based on augmented reality sharing that allows its users to connect to the network with three-dimensional devices and interact with each other through virtual avatars.
Mark Zuckerberg said he wanted to change the name of his company, Facebook, to Meta Platforms Inc. (Meta) and from that day – October 28, 2021, the attention of investors immediately turned to the great potential of the Crypto Metaverse.
The popularity of project-related tokens suddenly exploded.
The term Metaverse was coined in 1992 by the writer Neal Stephenson, who devised this word to indicate the digital world in which the protagonist of his novel, Snow Crash, moved by means of an avatar.
Cryptocurrencies to invest in the Metaverse
The market for augmented reality-related cryptocurrencies is rapidly expanding. Investing in Crypto Metaverse tokens could prove to be extremely productive, but let’s see which are the best currently available on the market:
Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experiment and monetize content and applications.
In this virtual world, users purchase plots of land which they can subsequently browse, build and monetize.
LRC is Loopring’s Ethereum-based cryptocurrency token, an open protocol designed for creating decentralized cryptocurrency exchanges.
LRC tokens became publicly available during an Initial Coin Offering (ICO) in August 2017, while the Loopring protocol was first deployed on Ethereum’s core network in December 2019.
The issuance of LRC tokens is regulated by the smart contracts that make up the Loopring protocol.
It is a game inspired by the Pokemon universe. Players can purchase small pets through AXS (NFT) tokens, raise them and make them fight each other. By completing the different activities proposed by the game, users can earn, invest or sell other AXS tokens.
Axie Infinity (AXS)
Axie Infinity works by operating on the Ethereum blockchain, connected to Ronin a sidechain that reduces commission costs and speeds up transactions.
Metaverse Index (MVI)
Token that allows you to invest in the world of cryptocurrencies related to the Metaverse without participating in recreational activities or virtual gaming platforms. Investors can in fact exploit the MVI token as a real ETF for the Crypto Metaverse, capturing tokens that offer different services in virtual reality environments. The tokens must still be developed on the Ethereum blockchain and their capitalization must be greater than 50 million dollars.
The Sandbox (SAND)
Metaverse that allows its users to create, sell and purchase unique items to be used within the gaming experience. It is based on three main components: VoxEdit (tool used to create unique objects or transform them into NFT SAND), the Marketplace (where artists, using the technology of blochains can sell their creations), Gamers (those who give life to the Metaverse through their avatars, interacting and operating in the virtual world together with other users). SAND is an ERC-20 token based on the Ethereum blockchain.
Somnium Space (CUBE)
With Somnium Space you can create, buy and trade digital worlds and NFT assets. The peculiarity of this system, based on CUBE tokens, is the fact that before making purchases or exchanges, users can experiment and try the virtual worlds created. It will therefore be possible to dine in a restaurant designed by another player, or visit an exhibition in a museum. CUBE is also based on the Ethereum blockchain and is an ERC-20 utility token.
OVR is a platform for geolocated AR and VR experiences based on the Ethereum blockchain. OVR allows you to host and view geolocated AR and VR content on mobile devices. AR / VR assets are linked to geographic locations thanks to NFTs (ERC-721 standard). The world was divided into 1.6 trillion hexagons, each of those named with a combination of 3 English words. Each hexagon (OVRLand) represents a unique geographical position and the owner of the OVRLand can decide which AR / VR experience will be displayed in that position. The use cases covered are: games, live events, virtual retail, avatars, tourism and many others.
AR / VR resources are hosted on IPFS making the platform unstoppable. The OVR project also has a fungible token (ERC-20) OVR Token used for governance and value exchange on the platform. The issue of the OVR token is controlled by an IBCO controlled by DAO within the Aragon framework. Our vision is to become the decentralized platform of the space web. In the last month it has gained over 200%. It is currently worth around $ 2.