2 Metaverse Cryptos To Buy Now - Our Picks
Apecoin (APE) - one of the top cryptos to buy in 2023 for a big profit
Illuvium (ILV) - one of the best play-to-earn crypto tokens to invest in
A Closer Look At The 2 Metaverse Cryptos To Buy Now
The metaverse concept is not new to science fiction fans. However, it gained wider popularity in 2021 and 2022. It is a digital avatar-based virtual space where users can interact, play games, and experience things or activities as they would in the real world.
Metaverse is a collision between the digital and physical worlds when virtual reality and augmented reality bridge the gap and allow the physical and virtual worlds to interact closely. Experts have various reasons to believe meta is the next big thing in the crypto world. So, it’s worth keeping an eye on the hottest metaverse assets.
Go on and learn more about the top 2 metaverse cryptos to buy now.
Apecoin (APE)
Apecoin (APE) is an integral member of the popular Bored Ape Yacht Club’s ever-expanding ecosystem. The token serves as a governance and utility token for the Bored Ape and Mutant Ape NFT collections and features various impressive use cases and real-life applications. A noteworthy example is when the APE token was used as a payment medium for land on the Otherside, a new metaverse project.
Apecoin (APE) is classified as a meme and metaverse token, a first-of-its-kind versatile crypto, and an Ethereum (ETH) based crypto asset. Apecoin powers and incentivizes the Apecoin ecosystem and facilitates several crypto operations, such as network governance, user interaction, and payment fees. APE stock is listed on several top crypto platforms within the industry.
Appcoin is one of the top cryptos to buy in 2023 if you want to make a big profit. This coin is one of the market’s cheapest and most popular cryptos. Cryptos that draw hype and attention perform well in the market. The governing token for Ape DAO is Apecoin, which operates the famous bored Ape yacht club NFTs.
Apecoin’s performance makes it one of the best coins to buy today, and this crypto is already gaining momentum. People also rumored that the yacht club is launching a metaverse, and the currency used for transactions is Apecoin.
Another factor leading to the Apecoin explosion in 2023 is the plan to introduce play-to-earn games. Some upcoming games developed by nWay will be able to use Apecoin. If the integration goes through, a new brand name will be created by bored Ape. All top crypto exchanges have Apecoin on their list, which improves liquidity. Moreover, with all the hype and rumors, Apecoin will likely become the best-performing coin in 2023.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Illuvium (ILV)
Illuvium (ILV) is a blockchain-based play-to-earn RPG and battle royal. The platform combines NFTs, a richly-detailed virtual world, and much more to create a unique user experience. Notably, Illuvium is among the first AAA NFT games to hit the market. As such, it’s had a lot of excitement surrounding the project.
Illuvium (ILV) eliminates a lot of issues through its advanced capabilities. For one, it helps to break the cycle of low-quality games for NFT users. Most NFT games have basic graphics or consist of some sort of collectibles that are then used to create more, like in the case of Cryptokitties.
These titles were great to start off the market and demonstrate the power of FNT technology. However, gamers are ready for a more immersive experience. As such, Illuvium promises to deliver a graphically intense and fun-filled gaming experience to the market.
The multi-layer structure of the Illuvium ecosystem means it can leverage the security of Ethereum while enjoying the performance of Immutable X. Notably, Ethereum is the largest Dapp and DeFi ecosystem in the world. The network has never been successfully hacked and currently operates as the second-largest Proof-of-Work blockchain behind only Bitcoin.
Illuvium is ideal for new users and those who have never played NFT games. The game will operate similarly to other major RPG games with some major upgrades, including the ability to profit during gameplay. The protocol will be open to the world, which will help to drive liquidity in the game’s market.
ILV is the main governance token of the network. Token holders gain access to the network’s voting rights. Notably, ILV is an ERC20 token that lives on the Ethereum blockchain. It can be used for direct player-to-player transactions and buying and selling Illuviuls.
Anyone can secure ILV through gameplay. You can also stake or mine for ILV tokens as well. The protocol charges fees for purchases. These fees get redistributed through the vault distribution mechanism to stakers. Notably, the developers stated that 100% of revenue from the game and sales will be shared between ILV stakers.
The success of ILV could translate into the adoption of play-to-earn blockchain-based mechanics across far more of the gaming landscape. This is why we recommend investing in this play-to-earn crypto token that might rise in the future.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Bottom Line
The Metaverse space is worth billions of dollars due to blockchain technology enabling genuine, real-world trading of digital assets and non-fungible tokens (NFTs). We hope this guide to the two top Metaverse cryptos helps you make an informed investment decision.
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