The TOP 5 metaverse cryptocurrencies

The Biggest Cryptos in the Metaverse Domain

Propelled into the spotlight when Mark Zuckerberg rebranded Facebook to Meta, the metaverse is one of the most promising areas of Web3. Many projects are already well advanced and compete to obtain the monopoly of this sector.

In this article, we offer a top 5 of the most capitalized cryptocurrencies in the field of the metaverse. Here is the full list:

1. ApeCoin (APE);
2. Internet Computer (ICP);
3. Decentraland (MANA);
4. The Sandbox (SAND);
5. Axie Infinity (AXS).

👉 Understand everything about metaverses, these blockchain-based virtual worlds and NFTs

Cryptoast launches its 1st collection of NFTs

NFTs associated with a collector paper journal 🔥

5 – Axie Infinity (AXS)

With about $1.12 billion in market capitalization, Axie Infinity’s AXS ranks 5th among cryptos in the metaverse most capitalized. At the time of writing these lines, its price is moving around 11 dollars per unit.

Axie Infinity is a blockchain game launched in 2017 and based on Ethereum (ETH). In this universe, players raise Axies – imaginary creatures – in order to make them fight. It is possible to buy and resell any element present in the game because everything is tokenized in the form of NFTs.

In this ecosystem, the AXS token can be related to the virtual currency in this metaverse. In August 2021, Axie Infinity has surpassed $1 billion in salesa few months before the Ronin sidechain, on which the game was hosted, suffered the biggest hack in the history of decentralized finance (DeFi).

👉 Check out our other top 5 – The best cryptocurrency movies and documentaries

4 – The Sandbox (SAND)

Capitalized at $1.13 billion, The Sandbox’s SAND is in 4th position in this ranking of metaverse cryptos. It is trading for $0.75 at the time of this article’s publication.

In a few words, The Sandbox is a community metaverse where players can create, share and live virtual experiences. Launched in 2016 by two Frenchmen – Arthur Madrid and Sebastien Borget – this game has been a real success with over 40 million unique players. Moreover, it has attracted major brands such as HSBC, Gucci, Carrefour and many others.

The ecosystem is quite large with several different tokens, including the LAND to acquire virtual land, but the most important is the SAND. This is the currency to buy the other virtual objects of this metaverse.

👉 All about The Sandbox and how to buy SAND?

Dive into the Metaverse 🤖

3 – Decentraland (MANA)

With With a capitalization of $1.44 billion, Decentraland’s MANA is on the third step of the metaverse cryptocurrency podium. The price of the MANA is 0.78 dollars at the time of writing these lines.

A direct competitor to The Sandbox, Decentraland is an open world in a Minecraft-like design where users can purchase virtual plots of land called LAND. This metaverse also has its share of renowned partners with Samsung, JP Morgan or SpaceX.

MANA is the project’s default asset. It cannot be mined and is used in particular to buy plots. Following each purchase, it is instantly destroyedcontributing to the reduction in supply and inducing upward pressure.

👉 What is Decentraland (MANA) and how do I buy it?

2 – Internet Computer (ICP)

With a capitalization of 1.65 billion dollars, Internet Computer and the ICP token rank second among metaverse cryptocurrencies. It is evolving at a price of 5.8 dollars at the time these lines are published.

Launched in 2021 by Dfinity, Internet Computer defines itself as “a new open Internet”. This blockchain introduces Proof-of-Useful-Work (PoUW) consensus and boasts to be able to process 5,000 transactions per secondwhile being enormously less expensive and energy-intensive than the competition.

ICP crypto is available on Binance

-10% on your fees 🔥

1 – ApeCoin (APE)

In first position of metaverse cryptocurrencies, we find ApeCoin (APE) and its $2.17 billion capitalization. The token is trading for 5.8 dollars as of the publication of this article.

If you follow the cryptocurrency ecosystem, you certainly know the famous NFT collection of the Bored Ape Yacht Club (BAYC) launched in 2021 by Yuga Labs. Subsequently, the studio created spin-off brands, including the Mutant Ape Yacht Club (MAYC).

ApeCoin was launched on March 17, 2022, to support the ecosystem that grows around the communities of the Bored Apes. Note that it is issued by the ApeCoin DAO, not Yuga Labs which is not affiliated with the token. However, the APE will presumably be used in the various metaverses of Yuga Labsincluding Otherdeed by Otherside.

👉 Understand everything about ApeCoin (APE), this crypto that fascinates the NFT ecosystem

APE crypto is available on Binance

-10% on your fees 🔥

Journalist for Cryptoast, I strive to dissect every detail of the exciting world of cryptocurrencies and make it accessible and understandable to as many people as possible.

Lilian Aliaga

345 items