Take a quick look at the most promising Metaverse crypto projects of 2022.
The metaverse concept is not new to science fiction fans. However, it gained wider popularity in 2021. 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 3 metaverse cryptos to buy in June 2022.
Decentraland (LAND)
Decentraland is a virtual reality universe where users can interact with each other, develop “land” and buy digital investment properties. It has combined many of the features and benefits of the blockchain into a single platform. The 3D virtual reality platform allows users to create, explore and interact with other users in a finite world. It was created by Esteban Ordano and Ari Meilich in 2015 and opened to individual investors in 2017.
Decentraland is not the first virtual reality world, but it has one unique component: it is fully decentralized. The Decentraland metaverse runs on the Ethereum blockchain, and transactions are made using smart contracts.
The community can introduce and vote on policy changes, auctions, and other activities within the platform. This takes place on Decentraland’s governance interface, the Decentralized Autonomous Organization (DOA). The platform uses NFTs, unique and easily tradable digital assets stored on the blockchain. For example, there are 90,000 plots of land in the game, each represented by an NFT.
This has been a major selling point of Decentraland because you can become a virtual real-estate mogul by buying cheap land NFTs and selling them for profit. Users can even drive the value of their land up by adding improvements like artwork or fun activities.
Users build within the Decentraland universe with a drag-and-drop editor and marketplace where they can make purchases. Here, they can create scenes, buy in-game items, and develop their LAND. Users can also explore and interact with plots of LAND owned by others. The other major component of Decentraland is MANA, the platform’s native cryptocurrency token.
As interest in the future of the metaverse is sky-high, there is no doubt Decentraland provides long-term investors with a myriad of reasons to invest, making it one of the top 3 metaverse cryptos to buy for June 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Enjin Coin (ENJ)
Enjin (ENJ) is a decentralized ecosystem designed to streamline the integration of enterprise blockchain technologies. Devs refer to the network as a PaaS (Platform-as-a-Service) due to its structure and features. Notably, Enjin enables businesses to leverage blockchain infrastructure without writing any blockchain-related code.
By eliminating the technical and financial barriers associated with these tasks, Enjin enables anyone to trade, monetize, and market using blockchain-based strategies.
Enjin is a unique metaverse project. Unlike the others on this list, it does not comprise a virtual world filled with gameplay features. Instead, Enjin offers a platform where creators can make NFTs easily, which they can use in blockchain-based metaverse games.
The Enjin software development kit (SDK) ensures that Ethereum-based NFTs can be minted by creators of all experience levels, leading to over 1.1 billion digital assets created using Enjin’s system.
One of the most appealing factors of using Enjin to create NFTs is it ensures a reliable degree of liquidity. This means that creators who produce NFTs with Enjin, such as digital art, in-game items, or virtual real estate, can always ‘melt’ their NFT in return for ENJ – Enjin’s native token.
Enjin is positioned to capture the growing NFT momentum in the market. In-game blockchain assets provide an undeniable advantage to gamers and developers, making ENJ one of the top 3 metaverse cryptos to buy in June 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Sandbox (SAND)
Like Decentraland, the Sandbox is a virtual world that uses a DAO model. The Sandbox is built on the Ethereum blockchain and is said to support smart contracts by simply purchasing virtual land and other assets.
However, there are still some differences between these two metaverses. The most obvious one is that The Sandbox uses the SAND virtual token as its native currency. It is also migrating to Polygon’s layer 2 solutions, which are known to have much lower transaction fees and faster processing speeds.
The Sandbox Metaverse consists of other players and virtual land. Each piece of land is divided into 96 x 96 meter lots. Users purchase these lots and develop them as they like. You can put anything here, from NFT art experiences to services for other users. Best of all, you can decide what to charge people for your interactive experiences.
There are a lot of aspects of The Sandbox that makes it a pioneering effort in the market. The platform tackles one of the biggest disparities in gaming – locked funds. When you play traditional centralized titles, all of your effort and investment remain locked in that game. When you quit playing, these funds are lost forever or until you rejoin the network.
While no knowledge of coding is required to participate in The Sandbox, its powerful suite of tools makes it possible to create and incorporate valuable assets into a fast-growing world of online games and worlds. These factors make the Sandbox one of the top 3 metaverse cryptos to buy for June 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Read More:
How To Buy Decentraland (MANA)
Top Metaverse Crypto Coins To Buy
What Are The Best NFTs To Buy?