These 5 Metaverse Cryptos Will Make Altcoins Obsolete In The Future

Last Updated August 9th 2022
6 Min Read

These top metaverse coins are going to override altcoins in 2022. 

Metaverse is not merely a buzzword right now. Although the technology is quite far from the mainstream, it has started garnering the attention of investors in the crypto space. Several metaverse cryptos offer unexplored opportunities this year. But since these projects are popping up daily, it is difficult to find the ones with real potential that stand above the crowd. Therefore, we have listed 5 metaverse cryptos that could make altcoins obsolete in the future and be a valuable addition to your portfolio. 

 

Axie Infinity (AXS)

Axie Infinity is one of the top metaverse cryptos that could make altcoins obsolete in the future. 

Axie infinity has gained close attention from investors and gamers worldwide over the past few years. It stands above the crowd because, unlike any other online game, Axie Infinity marks the integration between standard online games and blockchain. Players can own their virtual assets and earn rewards with their unique design and model. 

This blockchain-based game lets players buy NFTs shaped like cute monsters and then pit them against each other in battles. But unlike conventional in-game items, players have complete ownership of the NFTs and can trade Axies on the game’s marketplace for real money, presenting itself as a passive income opportunity. 

There are numerous use cases for the AXS token and one of the significant utility is in-game purchases. Users can buy Axies, equipment, and a tokenized plot of land in the Axie universe using the AXS token. Thanks to AXS’s exceptional utility for metaverse gaming, the crypto will attract more users in the future. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

ApeCoin (APE)

Thanks to the rising popularity of BAYC, APE has positioned itself as one of the best metaverse cryptos in the market.

ApeCoin is an ERC-20 built on top of the Ethereum network. Along with being a utility token, APE is also a governance token that offers token holders the power to take part in the governance of the ApeCoin ecosystem. 

This metaverse project could make altcoins obsolete in the future as it has already become the native token for Otherside, the metaverse game from Yuga Labs. In addition, the team recently raised over $320 million in a virtual land sale, allowing APE token holders to buy parcels in Otherside. 

Moreover, the value and demand for APE will rise higher as the token is removed from the circulating supply to bolster the price. Finally, the crypto's growing ecosystem is yet another reason to invest in APE now. It is consistently adding more developers, creating novel and innovative protocols that would make a significant mark in the metaverse. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Sandbox (SAND)

Sandbox has shown impressive performance in the past few years, marking its place on investor lists. 

Sandbox is an Ethereum-based video game that allows users to own a piece of the world in the form of an NFT. A key feature of Sandbox is that non-tech savvy users can create, sell, and monetize virtual reality NFTs. Much of the trading volume for Sandbox comes from the creation and trade of NFTs. It also presents a unique design objective, allowing players to create NFTs using the SAND metaverse tokens. 

It is one of the top metaverse cryptos that will make altcoins obsolete in the future, as it has received support from several well-known gaming companies like Atari. Additionally, HSBC has also purchased some virtual property in its Metaverse. With further developments and collaborations, Sandbox could become an immersive hub for the wider Web 3.0 community. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Decentraland (MANA)

MANA has the potential to make altcoins obsolete in the future due to its immersive gaming experience and incentive mechanism. 

Thanks to the NFT craze, Decentraland rose to its prominence over the past few years, which also led to significant gains for the MANA token. It is a 3D virtual world platform with customizable activities, land, and art. This unique metaverse crypto aims to incentivize users globally, allowing them to participate in a shared virtual world.

By leveraging MANA tokens, users also generate a passive income by selling and creating items on the Decentraland marketplace. Moreover, big corporations like Sotheby’s, the broker of luxury goods and art, are buying plots in Decentraland, driving MANA’s adoption and price.  

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Gala (GALA)

Thanks to GALA’s immersive and inclusive gaming experience, it has become one of the top 5 metaverse cryptos that could make altcoins obsolete in the future.

Gala is a decentralized gaming and metaverse project that aims to put control back in the hands of the community. By giving power to players, it wants users to determine the direction of their favorite games instead of the developers. 

Gala also uses NFTs as players own any items they get or purchase in-game. Players can thus trade and sell their items anytime they wish on or off the Gala platform. In addition, the platform introduces a non-refundable utility token, GALA, that aims to facilitate a convenient and secure mode of payment and settlement and is used as a medium of exchange between participants in the Gala Games ecosystem. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline 

"Play to earn" has become a reality now, and we are already seeing evidence of a player-owned economy taking shape around the gaming sphere. Today, several potential metaverse projects are in motion, and their tokens are available for purchase, with some even listed on certain coin exchanges. Amongst them, these 5 metaverse cryptos have the potential to make altcoins obsolete in the future as crypto investors are closely watching these projects to add to their portfolios. 

Read More:

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