The metaverse has become a hot topic in recent years, with more and more companies and even governments investing in this new technology. A metaverse is essentially a virtual world where people can interact with each other through avatars, purchase virtual items and services, and even create their own digital assets. Metaverse has opened up a world of possibilities for users who want to explore the digital space in an immersive and interactive way.
In a metaverse, users can access an endless array of activities and experiences, taking advantage of its many applications, such as creating content, shopping online, attending virtual events, video gaming, and many more.
Furthermore, the metaverse has created great investment opportunities, with the value of its fungible and non-fungible tokens reflecting the popularity of each metaverse ecosystem. These tokens are used to pay for items, services, and properties, and their value rises the same way a country’s currency gets stronger when the country becomes a more popular destination.
If you are looking to keep your portfolio diversified and healthy, metaverse tokens are a must-consider category, especially due to their close ties to the booming gaming industry. Here is an overview of some metaverse tokens that you can buy, sell, and trade on BitOasis, as well as the projects they are associated with.
- Decentraland (MANA)
Decentraland is a virtual world run on the Ethereum blockchain, and it enables its users to play games, visit virtual experiences created by other users and brands, and buy land plots in its metaverse. It’s governed by two types of tokens, LAND non-fungible tokens (NFTs), which represent the land plots, and MANA tokens, the currency you’d need to buy the different services and items in the Decetraland metaverse. In April 2022, a Decentraland property was sold for $2.4 million.
- Axie Infinity (AXS)
Axie Infinity is an NFT-based online game, developed by Sky Mavis. Players of Axie Infinity collect and mint NFTs representing digital pets called Axies, and use them for breeding and battling. In the last 30 days, Axie Infinity had more than 380K active players, and in January 2022, this number peaked at 2.78 million active players.
- Enjin Coin (ENJ)
Enjin is a gaming platform and ecosystem that allow developers to build their games on the Ethereum network and tokenize their different game items. Enjin Coin, which is used to facilitate transactions within the Enjin Network, is an ERC-20 token, with a maximum total supply capped at 1 billion, and as of today, there are almost 170K holders of ENJ tokens.
Gala Games is a decentralized gaming and metaverse project built on the Ethereum blockchain. GALA is its native token, which is used in the Galaverse, and Gala-based games for purchasing different items and services, where players actually own whatever items they buy or earn, instead of them being stored centrally by the game developers. Gala has some notable partners, such as Epic Games, the company behind Fortnite.
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