TOP 10 best tokens metaverses – an overview of popular projects

The Metaverse is a new definition in the world of cryptocurrencies, which received a “second wind” after the announcement of the founder of Facebook about the development of his own “virtual world”.

Below are the TOP 10 best metaverses that can take on blockchain projects’ main functions, including purchasing NFTs, minting, rewarding participants, etc.   

Rating No.	Name	Token	Price, $	Capitalization, $ billion	Website
one	Axie Infinity	AXIS	50.67	282.5	axieinfinity.com
2	Decentraland	Mana	2.08	2.79	decentraland.org
3	The Sandbox	SAND	3.07	2.77	sandbox.game /en
4	Theta Network	Theta	2.76	2.82	thetatoken.org
5	Enjin Coin	ENJ	1.66	1.42	enjin.io
6	Sushiswap	SUSHI	4.53	0.844	sushi.com
7	WAX	WAX	0.27	0.517	on.wax.io/wax-io/
8	CREEK VR	CREEK	0.3124	0.232	seek.io
9	Ultra	US	0.94	0.247	ultra.io
10	My Neighbor Alice	ALICE	6.51	0.113	myneighboralice.com

General provisions

The term “metaverse” refers to the digital universe (space), whose “inhabitants” interact with each other via the Internet. It includes two or more platforms with the ability to control AR reality.

In the books of science fiction writers, this is a virtual space where each person has a personal avatar, and many things become digital.    

At the present stage, the metauniverse is a platform that combines the economic, managerial and social components. This technology is gaining popularity in computer games such as Roblox, Frontline and Second Life. Depending on the idea of the developers, the theme of the metaverses is thoroughly used in them, or some specific part is taken.

What is needed for cryptocurrency?

The topic of virtual coins (tokens) in the virtual space is recently gaining popularity. In the world of the Metaverse, money has some features:

• Availability. There are no special requirements for creating a wallet. Everyone can make a repository on a public blockchain and not have to worry about privacy. This procedure is completely free;
• Creation of digital collections. The capabilities of NFT coins are proof of the originality/uniqueness of a thing, which protects it from forgery;
• Huge selection of options. A wide range allows developers to create projects in the fastest and most efficient networks. This feature is essential for gamers and the organization of the Metaverse itself;
• Connection with the protocol using the WEB-3 wallet. This feature is the best confirmation of the ability to control the action/object;
• User protection and intolerance to censorship. In the Metaverse, you don’t have to worry about the possible blocking of an account or account. It is due to the reliable protection of the currency using blockchain technologies;     
• The right to vote for the participants. Owners of coins that are part of the Metaverse have the right to vote for changes to the protocol or independently propose changes.

The use of cryptocurrency and the possibilities of blockchain technology guarantee that implementing the above points will not be challenging. In regular games, such features are not yet available, despite developers’ activity and attempts to introduce new features.                                             

The peculiarity of classic games is centralization, and in the case of blockchain, you can focus on decentralizing the process and generating income.  

TOP of the best tokens metaverses

For ease of choice, consider the best tokens metaverses, which occupy a leading position in terms of capitalization and have good prospects for further growth.

Axie Infinity

A unique project is available at axieinfinity.com. The Metaverse allows you to earn tokens and contribute to the ecosystem.

AXS is used as the leading coin, the owners of which receive the following features:

• vote;
• creation of user content;
• reward.

The essence of the game is to breed pets and their further development. The better you managed to “optimize” the internal animal, the higher its price and the higher the potential income of the participant. At the time of writing the review, the internal price of the token is $50.6 per coin, and the capitalization is $3.086 billion.

Decentraland

Metaverse with the MANA token is available at decentraland.org. The platform runs on the Ethereum blockchain technology and allows participants to create unique content and transact with it. The MANA token is the central trading unit. With it, you can make purchases of goods/services in the “market” of the Metaverse. The price of one token is $2.08, and the capitalization is $2.79 billion. In recent months, there has been a downward trend in prices, but experts are confident that this phenomenon is temporary.

The Sandbox

The Sandbox is a virtual metaverse with an internal SAND token. The official resource of the platform is sandbox. game/en/. The peculiarity of the project is the ability to turn gaming experience into internal money. Coin owners can vote and make decisions related to the further development of the ecosystem. The presence of SAND opens up the possibility of staking, access to working with the platform, and other opportunities. The cost of one SAND token at the time of writing this review is $3, and the market capitalization is $2.77 billion.

Theta Network

It is a Metaverse Project focused on video streaming. The official website is thetatoken.org. It is used to solve the problems of the streaming direction: it reduces the cost of obtaining content and provides rewards to participants. You can watch videos on the virtual blockchain platform and receive money for activity through internal Theta coins. Today, this project is considered one of the most promising in further development. At the end of January 2022, the cost of one currency is $2.69, and the total capitalization exceeds $2.69 billion.

Enjin Coin

A significant platform focused on building online communities for over 1000 top games. The total number of participants already exceeds 18 million people. The official resource of the project is enjin.io. The internal ENJ token is in great demand and was listed on Binance in 2019. One coin costs $1.47, more than ten times more than at the end of 2020. The market capitalization at the time of writing is $1.4 billion.

Sushiswap

It is unique in its structure, available at sushi.com. The Uniswap developers created the project, optimized the platform’s capabilities and added additional features to users. For example, it is now possible to deposit liquidity into the pool and receive a “premium” through internal SUSHI tokens. They can use them to buy and sell goods from the marketplace. At the end of January 2022, the coin cost is $4.34, and the capitalization is $844.85 million.

WAX

According to the developers, it is the most verified and environmentally friendly blockchain for video games, NFTs and collectables. The official website is on.wax.io/wax-io/. More than 15 million transactions are carried out daily on this platform, and the total number of WAX accounts has exceeded 8 million. Participation in the project allows you to join well-known brands and create your collections. The goal of creating WAX was to simplify the blockchain for decentralized applications, and the creators succeeded. One token costs $0.27, and the total capitalization is $517 million.

CREEK VR

It is a Metaverse that targets amateur music artists, athletes, and digital content creators. The official website of the project is ceek.io. The platform allows you to own accurate digital items that will cross in virtual reality. The platform enables you to create/sell blockchain-based actives, make collections, and gain access to content and ownership. Active users can get to the concerts of legendary stars from Bon Jovi to Lady Gaga. One token costs $0.31, and the capitalization is $844 million.

Ultra

The first entertainment ecosystem that brought together several gaming services at once. Participation in the project allows you to get a single entry to different platforms: find and buy games, watch live broadcasts, communicate with famous people, participate in contests, etc. The internal token is UOS. The official website of the Metaverse is ultra.io. The available opportunities are enough to create your games and applications with the introduction of new technologies. Furthermore, the platform has a reward system for attracting new users. At the end of January 2022, the token’s price is $0.94, and the market capitalization is $247 million.

My Neighborhood Alice

It is a sensational project of the Metaverse, a farm simulator for buying and arranging your territory, meeting your neighbours, trading ALICE NFT tokens, etc. The official website of one of the largest meta platforms is myneighboralice.com. In simple words, this is a multiplayer game with millions of players. They can buy or own islands, collect and build various objects, meet friends, etc. One token costs $6.51, and the capitalization is $113 million.

In addition to those discussed above, you can check the possibilities of other metaverses, for example, Alien Worlds, Star Atlas, Mines of Dalarna, etc. Use the following link to view the best deals – coinmarketcap.com/view/metaverse/.

Results

Everything necessary to create metaverses is already provided or at the design stage. The projects discussed above are only the “tip of the iceberg” because, in practice, their number is much higher and is growing daily.

Many experts are sure that virtual reality will become a part of our world in the next decade, and Facebook will take a leading position in this area. Together with him, other companies, such as Microsoft, Apple and Google, will also catch up with the system. However, when it comes to investing, there are the same risks as in the field of cryptocurrencies.

Frequently Asked Questions

What is the Metaverse?

It is a virtual platform built on blockchain technology. A person can perform any actions available in the ordinary world. He can trade, communicate, make something, earn income, etc.

Why are tokens needed in the Metaverse?

Every virtual world has an inner token that allows you to participate in auctions, vote and use other project features. The more popular the Metaverse, the higher the value of its token and the greater the capitalization. When buying coins at an early stage of development, you can earn good money in the future.

Where to buy tokens?

Metaverse coins are traded on cryptocurrency exchanges. They are available on Binance, FTX, Kraken, Huobi, Bybit and others.

What are the predictions for the metaverses?

Current trends and the growing popularity of virtual universes show great promise in this direction. This fact is confirmed by the participation of large companies in projects, and humanity itself is invariably moving towards metauniverses.

Is it worth investing in metaverses’ tokens?

As with cryptocurrencies, buying internal metaverse coins is always a risk. Many projects on the market have been actively launched but subsequently ceased to exist. Therefore, when investing money, you must consider that such investments are long-term and can bring profit only after a few years.

And now, we invite you to get acquainted with one of the most popular metaverses in more detail. Minecraft.

The Potential of the Metaverse Minecraft   

Minecraft is the best-selling game with millions of monthly users. Over the years, it has evolved from a simple sandbox game to a toolkit of severe developers. Companies like Hypixel make huge profits from hosting minigame servers. This wave of Minecraft -based businesses are not stopping.

Over the past few months, we have witnessed a massive adoption of the term “metaverse”. The Metaverse is a virtual world with customizable avatars and blockchain elements. We have seen the growth of some metaverses such as Sandbox and Decentraland; however, they may have intense competition.

NFT Worlds

It is a metaverse platform developed in Minecraft. However, it must note that independent developers create this project. Instead, the project consists of 10,000 lands sold as NFTs. Their approach to the platform sets NFT Worlds apart; instead of building one, they used an already existing game.

How to use Minecraft?

As the developers of NFT Worlds say, over the past 12 years, Minecraft has established itself as a game with a huge player base. People are used to the controls and have already installed the game. Then, they must jump into one of the server’s lands and play.

Minecraft also has many built-in and community-created tools, such as real-time building, in-game voice chat support, and avatars called “skins”.

In general, there is no need to download anything or learn a new game, which is very convenient, and with millions of users, there is no problem with expanding for new players.

Realism

Some might say that realism is an integral part of the Metaverse. It would help if you felt that you were there. Unfortunately, this is far from the case in Minecraft. It is also a problem in Sandbox and Decentraland. Although Decentraland is more realistic, it is still far from good graphics. The team noticed this issue and addressed it in their 2.0 roadmap.

$WRLD Token

$WRLD is the currency used in NFT Worlds, worth (at the time of writing) $0.2. In addition, players are rewarded with $WRLD for playing on different lands.

$WRLD Token Distribution

• Max supply – $5,000,000.000  WRLD;
• P2E rewards – 50%. Distributed to players through in-game play to earn mechanics over a target timeline of 5 years;
• Staking Reserves – 35%. Distributed to owners of staked NFT Worlds over a target timeline of 5 years;
• Claim – 10%.  Distributed to staked NFT World owners. Snapshot targeted for December 2021. And February 2022;
• Team Reserves – 5%. For in-game promotions, partnerships, growth, etc.

Team

When looking at a project, it is always important to look at the team behind it.

“I don’t have time to eat; I’m building something all the time,” says NFT WORLDS co-founder.

“Two people lead NFT World Team. The team is active on Discord and builds their community on this platform. The NFT Worlds development team is based on the philosophy of creating an open forum with the most significant possible contribution from the open source ecosystem. Thanks to our core contributors, we have moved quickly on our roadmap with this philosophy.

It can achieve a lot with a solid and committed team that builds a community. Still, will this Metaverse overtake “Sandbox” and “Decentrland”, or is it just an exciting project with little growth potential?, – the NFT Worlds team will definitely answer this question.

The success of NFT Worlds

To understand the potential of NFT Worlds, we must look at their past achievements. Recently, NFT Worlds reached 100,000 Twitter followers without marketing in the Minecraft community. That’s a lot, considering the millions Sandbox and Decentraland have spent on marketing.

NFT Worlds also ranks #1 in OpenSea in the Virtual Worlds category, right above Sandbox.

The team is also working on an alpha version of their launcher Minecraft, which simplifies the user interface and makes custom changes to Minecraft.

Avatars

Avatars are an essential part of the immersive metaverse experience. Unfortunately, Minecraft allows for minimal customization in this regard.

Avatars in NFT Worlds will be a set of 15,000 NFTs used as cosmetics for NFT Worlds. These include higher resolution skins, custom 3D models for boots, and unique items. Implementation of avatars is possible due to the custom launcher.

In any online game, customizing the player’s appearance is incredibly popular. By default, Minecraft only supports low-res skins, but this is not great for a thoroughly expressive player experience in the Metaverse. Therefore, we have completely changed the look of the players. We did this with the NFT Worlds game client, which allows for ultra-high-resolution player models, support for wearable cosmetics, and more.

Portal mechanics

The portal mechanic will make it easier to move between different lands of NFT Worlds, which are currently separate servers.

The Roadmap 2.0 document best explains this perception:

The seamless interaction between the metaverses in the NFT Worlds ecosystem is key to our vision. We envision a future where anyone can play their favourite NFT Worlds metaverse, rely on curiosity, and open and explore portals to other metaverses associated with or in partnership with the metaverses they frequent.  

And one more rather relevant news from the world of politics and metauniverses.

China and US started a race to militarize Metaverse.

The rivalry between the two superpowers continues in the virtual realm. The US has a technological advantage there, and China is ahead of the US culturally. As a result, both powers are plotting for military dominance in the emerging Metaverse.

Metaverse Definition

The Metaverse is a parallel digital world, which is based on developments in the field of the Internet, virtual reality, network technologies and augmented reality. And this is not all technological developments. There is no unified Metaverse; many different Metaverses are created by various corporations and groups of IT engineers.

Although the concept and technologies of the Metaverses are at the initial stage of development, many different military-oriented applications appear in them. These are solutions for training and planning military operations, developing weapons and conducting military operations. This whole complex of paramilitary developments is already beginning to push the United States and China into the digital space.

An article by Josh Bowman

The Association’s of Military Cyber Professionals magazine recently published an article by Josh Bowman of the National Defense University. The report states that the Chinese military is closely monitoring the development of the Metaverse and sees it as a virtual space to simulate, test and improve the methods of actual warfare. Moreover, it can do this in an accelerated mode and as efficiently as possible.

Bowman also notes that a technological attack on a potential adversary’s virtual universe can impact the adversary’s thoughts, knowledge, behaviour and decision-making. For example, China recognizes the technical superiority of the US in the virtual world but puts itself first culturally and materially.

As an example, Bowman cites TikTok, a Chinese short video sharing app that managed to gain worldwide popularity in a short time and take a significant market share from American Facebook. China, according to Bowman, approaches everything on a grand scale and knows how to implement a mass approach.

There is no doubt that the US and China will also compete in the Metaverse, which in one way or another will be a projection of the natural world and society. Over time, the boundaries between the virtual and real worlds will blur, highlighting the importance of ethical and moral principles to be followed in the Metaverse.

The structure of the Metaverse can be described by the ideas of the French philosopher Jean Baudrillard, who introduced concepts such as simulacrum and hyperreality. A simulacrum is a virtual, imaginary copy, a simulation of a real object that may become different from its original state over time. Hyperreality is a simulation of reality and the inability of consciousness to distinguish fact from fantasy. In hyperreality, real things are replaced by simulacra.

The question naturally arises as to whether it is possible in the Metaverse to accurately simulate the complex human experience based on defence and security methods necessary during combat operations. And will the software solutions used in the Metaverses to affect actual combat operations be able to reflect human behaviour in extreme situations accurately.    

The Dilemma of the Development of the Metaverses

On the one hand, in Metaverse, it will be possible to model various situations with high accuracy by controlling many variables.

On the other hand, despite the advanced developments that will help the military better adapt to the virtual space, do not forget the saying made by Clausewitz – “No military plan corresponds to reality.”

No digital solution and set of algorithms can simulate the behaviour of fighters who instantly make decisions based on the current situation, instincts, experience in critical situations, etc.

There are questions about whether it is necessary to introduce rules and regulations in the Metaverse that would regulate the possibility of its use for military purposes.

One possible situation is that the parties may try to create norms based on the military use of the Metaverse. Still, at the same time, they cannot take into account the human behaviour and motives that drive the development of the Metaverse. That is, political and military decisions can be made based on simulations in the virtual space but do not consider the human factor that led to such military simulations.

Moreover, there are questions about whether the Metaverses will consider certain moral biases when modelling reality. However, as with artificial intelligence, developers of Metaverse technologies can program their preferences and values into virtual reality technology. In this way, social, political, and ethnic inequalities can be reinforced in the Metaverse and take root in it as it develops.

Metaverse can also reflect national values and ideals, politics and culture of the state.

The adversary can use this to introduce mechanisms to influence conscious and unconscious decision-making centres in national planning, decision-making and security.

Conclusion

The future of the Metaverse, by and large, will be determined by competition between China and the US. Both countries will strive to create a Metaverse that reflects their views on military operations, political decision-making, and core values.

As with real-world competition, the US-China race for dominance and militarization will continue in the virtual world, in close cooperation with national security agencies, departments, and technical sectors. And this race is on a more severe level than many assume.

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