5 Metaverse Altcoin Cryptocurrencies to Buy Now for Life Changing Wealth.
Updated: Aug 17, 2022
What if I told you that in some sense you're already in the metaverse today?
The metaverse is not just what you see in the movies. It is also the undeniable trend of our digital selves having more and more significance. Think about it: in this era, our bank accounts are digital; our stocks and assets are digital; and for many businesses and influencers, their online or social media presence is more important than any physical interactions.
As the world progresses into a new era of digital innovation, more and more people are beginning to explore the possibilities that blockchain technology has to offer. One of the most promising applications of blockchain technology is in the realm of virtual reality (VR).
The metaverse is a VR world that allows users to interact and engage with each other in ways never before possible. Within the metaverse, users can create and experience anything they can imagine.
The potential for VR is limitless, and as the metaverse grows in popularity, so too will the demand for unique and innovative cryptocurrencies that fuel its economy. In this article, we will take a look at five cryptos that have great potential to become leaders in the metaverse: SAND, AXS, GALA, MANA, and IMX. Before taking a deeper dive into each project, let's explore a brief introduction to each:
Sandbox is a decentralized virtual world where users can create, experiment, and play with complete freedom. Sandbox allows anyone to upload game assets and monetize them through NFTs. The SAND token is the native currency of the Sandbox metaverse and is used to purchase in-game assets, land parcels, and other goods and services.
Axie Infinity is a digital pet universe where players can collect, breed, battle, and trade adorable creatures called Axies. Axies can be purchased using either ETH or AXS, the native token of the Axie Infinity universe. In addition to being used as a means of exchange, AXS is also used to purchase in-game items and land.
Gala is a metaverse that focuses on creating exceptional gaming experiences. Rather than focusing on blockchain technicals, Gala prefers to provide better user experiences that keeps players engaged and excited.
Decentraland is a VR world where users can interact with each other and experience a wide variety of content created by the community. The Decentraland metaverse uses MANA, an ERC20 token, as its native currency. MANA can be used to purchase in-game assets, land parcels, and other goods and services within the Decentraland metaverse.
Immutable X is a decentralized platform that allows users to buy, sell, and trade NFTs. Immutable X is powered by the IMX token, which is used to purchase in-game assets and services.
Now that we have introduced the key players in the metaverse, let's take a closer look at what the metaverse is and why cryptocurrencies are needed. This is important because it will help us understand the potential of each project and how they could potentially benefit from the growth of the metaverse.
What Is The Metaverse?
The metaverse is a term coined by science fiction writer Neal Stephenson in his 1992 cyberpunk novel Snow Crash. It refers to a future internet-based virtual reality where people can interact and conduct business with one another in a three-dimensional space.
We currently have VR but it does not have the scale or level of immersion that the metaverse promises. For example, VR today does not allow you to have a full-body avatar or shake someone's hand. These features require haptic feedback, which is the technology that allows you to feel sensations in your virtual environment.
Other senses such as smell and taste are not yet possible to recreate in virtual reality, but it is only a matter of time before they are. When the metaverse is fully realized, it will be a place where you can do anything you want, including things that are currently impossible or illegal in the real world.
You could have an avatar that looks and feels like you, or you could choose to look like a dragon. You could fly, teleport, or have superhuman strength. The possibilities are endless.
The metaverse will also be a place where businesses can thrive. Imagine being able to walk into a virtual store and try on clothes before buying them. Or being able to test drive a car before buying it.
The metaverse will provide businesses with a new way to reach and interact with customers. It will also create new opportunities for entrepreneurs and small businesses.
The way to describe the metaverse is like a cross between the internet and virtual reality.
With blockchain technology, the metaverse is becoming a reality. This is because blockchain can create a decentralized, trustless environment for people to interact with one another.
While the metaverse is still very much in its infancy, there are already several projects working on building out this vision of the future.
Many metaverse altcoins are being developed and we'll share exactly why they have long-term potential but let's see how this industry can change the world. This will really help you understand how important it is to keep an eye on these altcoins.
Why The Metaverse Has the Potential To Change The World
Connectivity, immersion, and experiences. These are the three words that come to mind when I think about the potential of the Metaverse.
The Metaverse has the potential to change the world because it offers a more immersive way for humans to connect and share experiences. Distance is no longer a barrier to entry and we can now create experiences that are more realistic and lifelike than ever before.
For example, imagine being able to attend a virtual concert with your friends, where you can all see and hear each other as if you were in the same room. Or, imagine being able to visit a virtual museum and learn about history more interactively.
Avatars can even be cloned and licensed. For example, a pop star can license their avatar to teach singing lessons in the Metaverse. Or imagine being able to train with a sports coach in the Metaverse, where they can offer real-time feedback. The opportunities are endless.
To understand why cryptocurrencies and blockchain will be the front runners of the metaverse, it's helpful to look at this topic from a centralized and decentralized perspective.
Centralized: In a centralized system, there is one entity that controls everything. For example, Facebook is a centralized platform because it owns and controls all the data that is shared on its platform.
This can be problematic because it gives the company a lot of power and control. For example, Facebook can decide to censor certain content or ban users from its platform.
Decentralized: In a decentralized system, there is no single entity that controls everything. Instead, power is distributed among many different participants. Cryptocurrencies and blockchain are examples of decentralized technologies.
The Metaverse will likely be a decentralized platform because it will be powered by blockchain. This is important because it will make the Metaverse more open and accessible to everyone. Keep these five metaverse altcoins in mind as we explore the adoption rate of this potential.
The Metaverse: How Adoption Is Growing
Adoption of the Metaverse is growing because more and more people are becoming aware of its potential. For example, the number of Google searches for "metaverse" has been increasing steadily over the past few years.
This is likely due to the increasing awareness of virtual reality (VR) and augmented reality (AR). As people become more familiar with these technologies, they are also becoming more interested in the Metaverse.
Several high-profile projects are helping to increase awareness of the Metaverse. For example, Magic Leap is an AR company that is working on bringing the Metaverse to life. And Oculus Rift, a VR company that was acquired by Facebook, is also working on making the Metaverse a reality.
Apple has also been working on AR and VR technologies and is rumored to be working on a Metaverse project. This means that a fully immersive virtual world is no longer a science fiction dream. It is becoming a reality.
The potential for the Metaverse is vast. It has the potential to change the way we live, work, and play. And as more people become aware of it, adoption will continue to grow. Although indeed, most people do not live in the metaverse yet, it is only a matter of time until they do.
On an average day, 2.5 hours are spent on social media across the world's internet users. Factor in video games and other online activities, and the number of hours people spend in digital worlds is significant and growing.
This trend is accelerating as people have turned to online worlds for social interaction, work, and entertainment. As technology improves, and more people become familiar with virtual worlds, the Metaverse will become increasingly realistic and compelling.
So far, Magic Leap and Oculus Rift are leading the charge in making the Metaverse a reality. But they are not alone. Many other companies and organizations are working on bringing the Metaverse to life. For example, Sandbox (SAND), Axie Infinity(AXS), Gala (GALA), Decentraland (MANA), and Immutable X (IMX) are all taking meaningful strides towards a decentralized metaverse.
The adoption of the Metaverse is inevitable. Here are the top five metaverse altcoins to keep in mind for the long term. These projects are all working on different aspects of the Metaverse and are worth paying attention to.
1. Sandbox (SAND)
The Sandbox specializes in user-generated content (UGC). It is a gaming platform that allows users to create, share, and monetize their game experiences. The Sandbox has its own blockchain and token (SAND).
The team behind The Sandbox is experienced in the gaming industry and has proven to execute its vision. The Sandbox is one of the most promising projects in the Metaverse space and is worth keeping an eye on. This is because it allows creators to earn a living from their virtual worlds.
Partnerships: The Sandbox is an intriguing project because it has partnered with major brands such as Adidas, Atari, Smurfs, and much more. Even celebrity musicians such as DeadMau5 and Snoop Dogg have partnered with The Sandbox. This shows that The Sandbox has the potential to be mainstream.
Onboarding mainstream culture is important because it will help The Sandbox become more widely known and used. If The Sandbox can get more people using its platform, it will be a major step in the mass adoption of the cryptocurrency (SAND).
Virtual Real Estate: You can also buy land in The Sandbox and develop it however you want. There are different types of land, such as forests, deserts, beaches, and mountains. You can also buy special pieces of land that are based on real-world locations, such as Times Square or the Eiffel Tower.
When looking at the Sandbox map, you can see all the development being made by the community. From Ubisoft to popular YouTubers, The Sandbox is quickly becoming the go-to UGC platform.
By owning land, you can be a part of this growing community and ecosystem. You can also build virtual businesses on your land and earn SAND from them. This creates the metaverse experience of commerce and connects real value with virtual worlds.
Play-To-Earn: By incentivizing players with SAND, The Sandbox provides a unique play-to-earn experience. Players can use SAND to buy in-game items, land, and other experiences. They can also trade SAND on secondary markets.
This is an important aspect because it allows players to monetize their time and effort. It also shows the real value behind The Sandbox gaming platform. Game developers also have the opportunity to create play-to-earn experiences.
The gaming market is worth more than $300 billion, with 2.9 billion gamers worldwide. If Sandbox can onboard even just a small percentage of this market, it will be a huge success.
Why it's a great long-term investment to buy now: The Sandbox is an ambitious project with a lot of potential. It has a strong team behind it and partnerships with major brands. The Sandbox is worth keeping an eye on as it could help to onboard mainstream culture into the Metaverse space.
By allowing for a marketplace to be built on top of its platform, The Sandbox provides a unique use case for the SAND token. This use case has the potential to drive mass adoption of the token and make it one of the most widely used cryptocurrencies.
2. Axie Infinity (AXS)
Axie Infinity is one of the best games out there right now. It’s an online game where you can buy, sell, or trade different digital pets called “Axies”. What people love about this game is that it uses Ethereum blockchain technology which makes it very secure. This is a great metaverse project because it allows you to own your in-game assets and use them however you want.
Active Users: Another great thing about Axie Infinity is that it has a very active community. There are always people online to help you with anything you need. The community is also very helpful in terms of giving advice on which Axies to buy or sell. There are nearly 3 million daily active users and the game is growing very quickly.
Proven Demand: An Axie sold for $820,000 which shows that there is a lot of money to be made in this game. The game is also very easy to play. It incorporates a battle feature. Which is similar to the famous Pokemon games. By upgrading your Axies and taking them into battle, you can earn different rewards. These rewards can be used to buy more Axies or traded for other assets.
Why it's a great long-term investment to buy now: One of the reasons why Axie Infinity is such a great long-term investment is because it has the potential to become a strong brand name. It does not allow for the same level of customization as some other metaverses, but it allows users to breed, battle, and collect different digital pets.
By allowing gamers to own their in-game assets, Axie Infinity provides a use case for the AXS token that has the potential to drive mass adoption. The game is also really addicting and a lot of fun to play. If you’re looking for a metaverse project with a lot of potential, Axie Infinity is a great choice.
3. Gala (GALA)
The VOXverse metaverse from Gala games is based on blockchain technology. The Gala team is building an ecosystem of linked virtual worlds that use the native cryptocurrency, Gala (GALA), for transactions.
Strong Funding: Gala Games has signed a $20 million professional services agreement with Unity Technologies to create a metaverse. This is a big deal because Unity is known for powering some of the world’s most popular video games. This means that the Gala team has access to Unity’s tools and expertise.
Real-World Partnerships: Gala Games has partnerships with industry leaders including Brave, Polygon, and Mazer gaming.
Their most expensive NFT sold for $3 million and they have 1.3 million active users. They have sold over tg NFTs to date.
Leadership: This company is also led by Eric Schiermeyer (co-founder of Zynga Games). Farmville becomes a viral sensation and Eric is partially responsible for that. With his experience in creating games that people want to play, Eric is in a good position to make Gala Games a success.
Incredible Games: Whether you are into battle royals, strategy, shooters etc. Gala Games has something in store for you. They have a wide variety of games that are all linked together by the Gala metaverse. This is one of their main selling points because it provides a lot of value to users.
Their focus on fun over technical blockchain features: Gala’s primary focus is on making their games fun to play. They want to make sure that users are having a good time before they start thinking about the technical aspects of blockchain. This is a great approach because it will help them attract more users and get them interested in the project.
Community: 16,000 player-run nodes are supporting the Gala network. These nodes are run by the community and they help to decentralize the project. This is a great show of support from the community and it shows that they are committed to the success of the project.
Why it's a great long-term investment to buy now: The Gala team is composed of experienced game developers, artists, and entrepreneurs. The team has a strong vision for the future of the metaverse and they are working hard to achieve it. They have already released several popular games and they have a lot more in development.
Gala Games is definitely a metaverse project worth keeping an eye on. They have strong funding, real-world partnerships, and a great team. Their focus on fun over technical blockchain features is a great approach that will help them attract more users. Their diverse game types also offer something for everyone.
By building an ecosystem of linked virtual worlds, Gala Games is creating a metaverse with a lot of potential. Their games are also a lot of fun to play and they have the backing of some big names in the industry. If you’re looking for a metaverse project with a lot of upside potential, Gala Games is worth considering.
4. Decentraland (MANA)
Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. Decentraland uses MANA tokens to purchase land in the virtual world.
Decentraland has a lot of potential because it combines two major trends:
Decentraland could become a popular destination for people who want to experiment with new technologies and experiences. This is game-changing because it could lead to mass adoption of VR and blockchain technology. It also helps to provide a more metaverse-like experience, which is something that people are increasingly interested in.
Constant Improvements: The Decentraland team is constantly releasing new features and improvements. The latest update includes a new land auction system, which allows users to bid on parcels of land that are up for sale. This is a great way to get started in Decentraland, and it can be a great way to get onto the ground floor before the platform really takes off.
Controlled via the DAO: Decentraland is controlled by the Decentraland DAO, which is a decentralized autonomous organization. The DAO allows for community involvement in decision-making and governance. This is a great way to ensure that the platform remains decentralized and that the community has a say in how it develops.
Create: Decentraland is a great platform for creators. There are no limits to what you can create, and you can monetize your creations. This is a great way to earn money while doing something that you love.
Experience: Decentraland is a great platform for experiencing new things. You can explore the world, meet new people, and try new experiences. This is a great way to learn about new technologies and cultures.
Why it's a great long-term investment to buy now: Decentraland is a fantastic long-term investment because of its enormous potential. It is a game-changing platform that could lead to mass adoption of VR and blockchain technology.
It also has the backing of some big names in the industry. If you’re looking for a metaverse project with a lot of upside potential, Decentraland is worth adding to your watchlist.
5. Immutable X (IMX)
The Immutable X platform is built on the idea that every piece of digital content can be represented as a unique, immutable file. This means that your photos, videos, and other files can be stored securely on the platform, and you can share them with anyone you want without worrying about security or privacy breaches.
First Layer 2 For NFTs on Ethereum: This is game-changing because it enables things like instant settlements, meaning you could buy a piece of digital art and instantly receive the NFT in your wallet. No more waiting for blockchain confirmations! And because it’s built on Ethereum, you can use any ERC-20 compatible wallet to hold your NFTs.
Gas fees on Ethereum are notoriously high, but Immutable X solves this problem by using a relay system to off-load gas costs to the user. This means that you only pay gas fees when you actually want to interact with your NFTs, and not when you’re just holding them in your wallet.
Many Use-Cases: The platform is designed to be highly extensible so that it can support a wide range of applications. For example, Immutable X could be used to build a secure messaging system or a decentralized social network. And because the platform is built on top of the Ethereum blockchain, all of these applications can be powered by smart contracts.
Creation Potential: If you're looking for a way to store your digital content safely and securely, Immutable X is worth checking out. And if you're a developer, the platform's extensibility means that there are endless possibilities for what you can build on top of it.
Strong Infrastructure: The reason why this is a great metaverse project is its infrastructure. It will be used to power a lot of different applications and it's based on the Ethereum blockchain which is extremely powerful. The fact that it's immutable also adds a lot of security to the platform.
Fun Games: Another great thing about the Immutable X platform is that it will allow developers to create all kinds of fun games. This is because the platform is built on top of the Ethereum blockchain, which supports smart contracts.
This means that developers will be able to create games that are powered by smart contracts, which will add a whole new level of interactivity and fun. Some of their most popular games include:
● Gods Unchained
● Guild of Guardians
Funding: With backing from Coinbase, Naspers, Galaxy Digital, and other VCs, the Immutable X platform is well-funded and has the resources it needs to succeed.
Why it's a great long-term investment to buy now: The Immutable X platform is still in its early stages, which means there's a lot of growth potential. And because the platform is based on the Ethereum blockchain, it has the potential to become the go-to platform for all things NFT. So if you're looking for a long-term investment, buying now could be a wise decision.
What The Future Looks Like For Metaverse Altcoins
What is the future of Metaverse Altcoins? What will they be used for? How will they change the world?
These are all questions that we don't have answers to yet. But that doesn't mean we can't speculate. Here are a few ideas of what the future might hold for Metaverse Altcoins:
● Used as a new form of currency, or as a way to store value.
● Create decentralized applications and services.
● Power a new generation of smart contracts and transactions.
● Create a more open and accessible internet.
● Enable people to take control of their own data and identity.
● Help to create a more equal and fair society.
These are just a few of the potential uses for Metaverse Altcoins. We don't know what the future will hold, but we are excited to find out. By investing in these altcoins for the long term, you can be part of the story and see how they evolve.
These are just a few of the many altcoins that have great potential in the metaverse. As the demand for VR grows, so too will the demand for these innovative cryptocurrencies. So be sure to keep an eye on them! They could very well be the next big thing. Thanks for reading! I hope this article was helpful. If you have any questions or comments, feel free to leave them below.
Until next time!