The Best Metaverse Cryptocurrencies

The metaverse is the next step of technology, it blends augmented reality, entertainment, and commerce, but of course, it would take time to fulfill that dream.

The cryptocurrencies Axie Infinity and Decentraland could one day be incorporated into a virtual world. If you want to know more about them, keep reading.

Axie Infinity

Axie Infinity Is a cryptocurrency game built on the Ethereum blockchain. Players collect, train and battle digital pets in the digital world of Lunacia. The value of the pet is based on its battle stats and genetic traits.

Lunacia has different properties, which can be bought and sold in the Axie Infinity Marketplace, meaning players can turn their in-game assets into real-world money.

In November 2021 the game ranked as the most popular one (based on Ethereum). The platform had revenue of $1.3 billion, making it the leader application in terms of sales.

The demand for AXS is expected to keep rising for two main reasons:

·  Investors can bet the tokens; the reward is about 39%.

·  AXS must be spent in order to breed new axis (the digital pets), which can create valuable NFTs.

Decentraland

Decentraland is an Ethereum-based virtual world powered by the MNA token.

Here users can buy land to eventually develop and monetize that property with 3D content and applications. Scenes can be designed in two ways, the simple one is using drag-and-drop tools, and the more complicated one is done through software development kits.

JP Morgan sees great potential in the metaverse and recently purchased a property in Decentraland. The property was used to build the Onyx Lounge, where avatars can watch experts talk about the crypto market.

As time passes, the wearable items and digital lands will have an increase in their value, meaning demand for MANA, making it rise in value. So, it is safe to say the platform will keep gaining users and engagement.