Which Metaverse Coin Should You Buy?
If you’re interested in buying a metaverse coin, there are a few different options. These coins
include Enjin, Gala, The Sandbox, and Decentraland the hypercommunity net. We’ll go over what each one is and how it
can benefit you. If you’re not sure which one to buy, read our review of the top five coins. Also,
learn more about the Axie universe token and WAXP, the top metaverse coin native to the WAX
blockchain.
Enjin coin
The ENJ market is on an uptrend, but it may be headed for a pullback in the near term due to
uncertainty around Bitcoin hyperverse whitelist. A good way to spot sell-side pressure is to watch the volume of ENJ
on exchanges. ENJ has increased over twenty-five percent year-to-date and its supply has
doubled from 403 million to 417 million. The volume is also high, which may indicate a flash
crash.
In 2012, Radomski was interested in Bitcoin, and he convinced Enjin to accept Bitcoin as
payment. Afterward, he learned about Ethereum, smart contracts, and other blockchain
technologies, and decided to develop his own blockchain-integrated software. He is also an
author of the ERC-1155 token standard, an Ethereum token standard that was introduced in
June 2018 and finalized in June 2019. The ENJ token is a fungible currency that can be used in
many different ways.
Gala
Gala is a metaverse coin, a cryptocurrency that has been used to enable gamers to own
valuable tokens within the game. This cryptocurrency has several uses, including enabling
players to vote on the development of a new game and selling items. Its developers plan to
release more than a dozen new games this year, including a role-playing fantasy called
Mirandus, and a Minecraft-like game called SpiderTanks. At the time of writing, there are about
16K users running Gala nodes. Gala Games has launched an exclusive NFT collectible, VOX,
inspired by the popular game Walking Dead. The token has a high price tag, with the most
expensive selling for $3 million.
While the Founder’s node will earn the highest reward, it will still be a risk for investors to invest
in this cryptocurrency. This is because the coin will likely be volatile, and it is not easy to predict
how much it will go up in value. As a result, investors should invest only in cryptocurrencies that
they are comfortable losing. With that said, Gala is one of the best investments for people who
are interested in gaming-related cryptocurrencies.
The Sandbox
The Sandbox of the metaverse is a virtual world where gamers can buy and rent digital real
estate. The Sandbox team runs special contests and events, and the tokens are distributed by
airdrops. This virtual world is a perfect location for gamers to buy virtual land, create virtual art
galleries, and spend their NFTs. Several people have already started making money from the
Sandbox, but the project still has a long way to go.
Both The Sandbox and Decentraland are based on the Ethereum blockchain. Both use ERC-20
tokens – SAND and MANA – to sell land and other assets. The NFTs are sold in a virtual market,
and anyone can bid on them. Users can then sell their assets for a token – either in the
metaverse or on the Ethereum blockchain. Both Decentraland and Sandbox are built on the
Ethereum blockchain, and the land in each of them can be purchased using the native currency
of either one of the two platforms.
Decentraland
The game world of Decentraland is the first and largest in the Metaverse, with a market cap of
$4,653,335,294 as of August 2017. The game was developed by Ari Meilich and Esteban
Ordano, both with extensive experience in startups and entrepreneurship. Their experience also
extends to technology and blockchain. The game has since gained partners such as Binance. In
its recent upgrades, Decentraland added voice chat, graphics upgrades, and a better building
interface.
The primary use of Decentraland is as a video game, but its use in virtual business development
is also a growing trend. The in-game currency MANA allows users to buy and sell various items
within the game. There is even the possibility of concerts and video calls within the metaverse. It
is clear that the Decentraland project intends to extend beyond the virtual world and integrate
technology into our everyday lives.
