McKinsey & Co. recently released a report claiming that the metaverse could have a market cap of over $5 trillion by 2030. With the shift to web 3.0 and metaverse-based projects, in this guide we take a look at the 7 best metaverse cryptocurrencies to invest in this year.
7 Best Metaverse Cryptocurrency to Buy in 2022
At the top of our list of the best metaverse cryptocurrency projects to buy is Tamadoge. The Tamadoge (TAMA) token is the native cryptocurrency of the Tamaverse – a play-to-earn (P2E) platform where players can earn crypto rewards on a virtual ecosystem.
Tamadoge members can purchase Tamadoge pets, which are virtual avatars with unique characteristics, weaknesses and benefits. Each pet is minted as an NFT using smart contract functionality, making it a tradable investment.
The NFT pets can be purchased in the Tama store with TAMA tokens – burning 5% of each trade. This is part of the team’s long-term goal of creating a deflationary token – launched with a total supply of 2 billion coins.
Furthermore, Tamadoge wants to develop an AR app, where players can wear VR headgear to access the Tamaverse more easily. Tamadoge is available to buy in presale – after hitting the $2 million hard cap target in beta in 10 days.
Tamadoge aims to collect $19 million to complete the presale round, with coins available for $0.0125 per token. One of the best utility tokens, TAMA, has also been KYC verified by CoinSniper and is verified by Solid Proof.
2. Fight Infinity
Another of the best metaverse cryptocurrencies you can buy right now is the IBAT token – Battle Infinity’s native cryptocurrency. This is a P2E and metaverse game that aims to combine gaming with blockchain technology.
Players can access the Battle Arena – a virtual ecosystem where all characters and items are beaten as NFTs via ERC 721 smart protocols. In the Battle Arena, platform members can play with VR headsets.
Another P2E feature is the IBAT Premier League – the world’s first NFT based sports fantasy league. Players can create their own fantasy teams and compete with each other to earn IBAT as a reward.
The IBAT token is a multi-utility token that can also be traded with other cryptos on the IBAT Battle Infinity’s decentralized exchange (DEX). Another use case is the IBAT Battle Stake – a staking platform that allows IBAT holders to earn interest on their tokens.
IBAT completed the 90-day presale in 24 days.
3. Lucky Block
Lucky Block is a relatively new NFT competition project that has plans in the later stages of its roadmap to include some metaverse gaming aspects for its players.
Lucky Block uses decentralized protocols to provide transparency through its NFT-based competitive platform. Players can participate in main draws and weekly NFT draws – with a chance to win a $50,000 payout.
Lucky Block maintains its network and settles transactions in LBLOCK – the site’s native cryptocurrency. LBLOCK was launched in January 2022 and reached 1.100% within two weeks of launch. Furthermore, LBLOCK has released a new V2 token – an ERC-20 based token that is being deployed on centralized exchanges (CEXs).
After betting on LBank and Uniswap, LBLOCK will become a more globally accessible currency and may see higher trading volumes and price increases in 2022.
LBLOCK also has an upcoming listing on Gate.io in September, which ranks fifth on CoinMarketCap’s ranking of crypto exchanges based on trading volume. That listing on a tier 1 crypto exchange could see LBLOCK retest its past highs.
Ethereum is an open-source and decentralized platform that empowers web 3.0 developers by deploying smart contracts. This feature facilitates the deployment of various DeFi (decentralized finance) protocols, NFTs, and other DApps, making it a popular hub in the metaverse sector.
Notably, Ethereum is the second largest crypto and the largest altcoin, with a market cap of over $230 billion. In addition, Ethereum expects to undergo an ‘ETH 2.0’ upgrade, which is expected to solve many scalability and networking issues on the network.
5. Decentralized country
The Decentaland platform became one of the most popular metaverse-based cryptocurrency projects in 2021. This is a decentralized project that allows players to buy, sell and trade real estate in a virtual ecosystem.
Platform members can access thousands of LAND pieces on Decentraland – each minted as NFTs. All NFT land pieces can be bought, sold and traded with MANA – one of the best emerging cryptocurrencies to buy in 2022.
MANA holders can also earn voting rights, depending on the size of their holdings, and participate in the MANA DAOs (Decentralized Autonomous Organizations).
Yearn.finance (YFI) is emerging as one of the best metaverse and web 3.0 cryptos to invest in in 2022. This decentralized cryptocurrency is an aggregator service for DeFi investors, providing loans and credit checks to investors in a decentralized manner. Thus, investors can access fiat-based solutions using the cryptocurrency – including cryptocurrency lending at competitive APY (annual percentage return).
Notably, YFI aims to be a deflationary token with a limited supply of 36,000 tokens. The token earned an ATH of $93,000 in 2021 before being corrected in 2022.
Sandbox has emerged as one of the best metaverse and play-to-earn cryptos in recent years. Like Minecraft, Sandbox aims to be an open-world game where players can build on a virtual ecosystem and use web 3.0 features to earn crypto rewards.
Notably, Sandbox allows players to purchase virtual items and land on the metaverse – with tokens already purchased worth $1 million. Investors can buy and trade in the Sandbox environment with SAND – the native crypto token.