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Top Metaverse Tokens: That ‘Metaverse’ could be the Oxford Word of the Year for 2022 shows how rapidly the industry grew in recent times. In fact, it is well placed to become the word of the year considering the strength of the crypto community. Usage of the word ‘Metaverse’ increased in 2022, a statement from the Oxford University Press said. This is understandable considering the rapid adoption of Metaverse in various industries. Metaverse was described as a “virtual reality environment in which users interact with one another’s avatars and their surroundings in an immersive way.” The statement on Metaverse word of the year read,
“Usage increased as we discussed hybrid working, debated the ethics, and wondered about the feasibility of an entirely online future.”
The Metaverse Tokens
Compared to the world of cryptocurrencies, it is safe to say that Metaverse is an very early stage of expansion. Thanks to the interlinking between both the ecosystem’s cryptocurrencies that have utility in Metaverse related projects stand high chance of success in the long term. However, the ongoing bear market environment in 2022 has been harsh to some of the most promising crypto projects. In this context, some of the Metaverse tokens continue to gain support in terms of both social traction and investments. Here are some of the top Metaverse tokens:
Stacks (STX)
Stacks is a highly considered Metaverse token that brings smart contracts and decentralized applications (dApps) to the Bitcoin network, enhancing its capabilities for Metaverse projects. It works on the unique mechanism of Proof of Transfer (PoX), which provides more security and immutability of the Bitcoin network. This makes STX an attractive investment for those looking to build or invest in Metaverse projects that require a secure and scalable foundation.
With over 300 dApps already built on the Stacks network and a growing developer community, Stacks is considered for the high growth in the Metaverse space. The platform also supports features such as Clarity smart contracts, which are designed to be predictable and secure, minimizing bugs and vulnerabilities.
ApeCoin (APE)
At rank 35 based on market capitalization, ApeCoin is by far the most popular Metaverse token. APE serves as a native cryptocurrency for Otherside metaverse, which is an online multiplayer game. While most Metaverse tokens are under $1 in value, ApeCoin is currently valued at the $3.23 to $3.40 range. ApeCoin (APE) is a decentralized project built on the lines of the Bored Ape Yacht Club.
Decentraland (MANA)
Decentraland is a digital assets marketplace platform that allows for buying and selling land, estates, Avatar wearables. The project is controlled by the Decentralized Autonomous Organization (DAO), which handles its smart contracts. Decentraland is touted as a platform which hosts some of the best Metaverse projects.
Theta Network (THETA)
The Theta Network (THETA) is a Web 3.0 blockchain infrastructure built for video, media and entertainment industries. In recent times, the token gained significant support in terms of mainstream industry partnerships.
The Sandbox (SAND)
This token is aimed at helping the gaming community improve their experience. Sandbox is a virtual Metaverse built on Ethereum blockchain, where players can build, own, and monetize their gaming experience.
Internet Computer (ICP)
The Internet Computer blockchain is aimed at reducing the need for traditional IT ecosystem by replacing it with smart contracts based architecture. At the current price range of $3.85, ICP is among some of the high valued Metaverse tokens with a promising concept.
Also Read: Been Curious To Access The Metaverse? Here Are The Ways
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