3 meta coins to embrace the metaverse revolution Buy it?

Since the resounding first shot Facebook's rebranding to Meta Platforms (NASDAQ: FB) has generated a lot of interest in the Metaverse, giving Wall Street a new investment theme. Metaverse is an immersive 3D platform that includes gaming, social networking and shopping for worlds that reality cannot experience or own. With the increasing attention of investors, the volatility of meta coins and cryptocurrencies related to the metaverse project has been driven. …

=========This article does not constitute any investment advice, it is purely personal opinion sharing==========

"In the metaverse, there is a world of violent interaction between the virtual and the real, and artificial intelligence and blockchain technology are closely integrated.... The data generated in the metaverse has value in itself, the amount of data increases, the value increases, reliability and security. The importance of Metaverse is growing. Blockchain technology is needed to ensure the reliability of data and to use artificial intelligence to ensure the diversity and richness of Metaverse. ” In other words, blockchain and cryptoassets embody the promise of Key technologies to help Metaverse reach its full potential.

Additionally, meta coins have significantly outperformed traditional stocks like Roblox (NYSE: RBLX) in recent weeks. At the same time, gaming startups are starting to capitalize on well-known venture capital firms. For example, Solana Ventures (CCC: SOL-USD ) and FTX teamed up with Lightspeed Venture Partners to invest $100 million in companies focused on developing a gaming metaverse.

On the other hand, Andreessen Horowitz led a $150 million funding round for Mythical Games — a reflection of Mythical’s success in bringing the concept of game earning and playable non-fungible tokens (NFTs) into the mainstream.

So, as the wind grows stronger in this outlet, we may hear more about stocks and cryptocurrencies (pig) that will take center stage in the development of the metaverse (flying pig).

Here are three meta tokens to watch in 2022:

1. Axie Infinity
2. Decentraland
3. Somnium Space (CCC:CUBE-USD)

Now, let's dive in and take a closer look at each one.

Axie Infinity

Founded in 2018 by Vietnam-based Sky Mavis, it is an NFT-based crypto game . Players breed and trade Pokémon-inspired NFT pet Axies. The game also allows users to buy land and live in virtual towns. Such a game earning model is an attractive selling point, as it allows users to redeem earnings in-game and exchange out-of-game assets to generate real-life passive income.

The digital ecosystem is powered by two native cryptocurrencies. While AXS-USD can be traded on several cryptocurrency exchanges, players who spend time in the game can earn Smooth Love Potion (CCC: SLP-USD). Its $8.2 billion market cap makes AXS-USD the top virtual currency by this measure.

Axie Infinity is developed on the Ronin sidechain , a sidechain based on Ethereum (CCC: ETH-USD). In September, the platform had about 1 million daily players and generated $220 million in protocol revenue, the second-largest revenue-generating project after Ethereum.

Decentraland MANA (real estate)

(52-week range: $0.07033 – $4.69 Market cap: $5.8 billion)

Founded in 2017, it is an early blockchain project aiming to create a decentralized virtual reality platform on the Ethereum blockchain. Blockchain allows players to buy parcels of "land" and create their own environments, marketplaces and applications.

MANA-USD is a fungible token used by players to purchase land, services and goods in the digital ecosystem. There are 2.2 billion tokens in supply and 1.3 billion in circulation. Decentraland is fully owned and managed by users through a decentralized autonomous organization.

Players can play, explore, display artwork or try out NFT wearables in the NFT art gallery. Decentraland recently hosted the Metaverse Festival, inviting players to listen to live music and enjoy performances by various artists during the event.

Somnium Space (also in real estate)

(52-week range: $1.74-28.28 Market cap: $200 million)

is an open source virtual reality (VR) platform. Users can build or buy digital land, houses, buildings and other digital assets. They can also develop their own scenes on their own virtual assets, as well as deploy full-body avatars. Additionally, Somnium's WebXR platform allows them to access their packages from any device with a web browser.

The platform was developed using the Polygon blockchain to remove barriers to entry for users worldwide. Somnium has attracted a lot of attention in the NFT industry due to its ability to integrate NFTs into the metaspace. The NFT series offers players a unique 3D avatar experience.

The platform uses Unity Software (NYSE: U). They can upload full body avatars and full scenes to their plots. The platform also boasts full-body tracking, "the ability to mimic your real body movements as an avatar."

Overall, CUBE-USD is the token that drives this digital ecosystem, allowing for the smooth transfer of assets within the Metaverse. It hit an all-time high of $28.28 in early November. Overall, this Metaverse coin is up over 500% over the past month. Still, it is currently trading at just over half of its peak of $15.63.

Okay, I've said these three. If you have any questions, you should do your homework yourself. Don't follow others' opinions. You will be a beautiful and cute little leek like me... You are still very welcome to exchange opinions.

==This article does not constitute any investment advice, the currency circle is one day in the world for one year, please use Nepal's money with caution ===

REF:

https://www.nasdaq.com/articles/3-meta-coins-to-buy-to-make-a-bet-on-the-metaverse-revolution