Facebook, now a subsidiary of Meta Platforms, has made a breakthrough with its recent “metaverse” rebranding. People now buy, sell, and trade land, apartments, money, clothing, and more in the metaverse. And these are done with real dollar or metaverse coin projects on exchanges or games. According to crypto expert Mark R. Hake, rising crypto prices are just one manifestation of this alternative reality. The expert considers seven promising metaverse coin projects that could be potentially worthwhile investments, and first warns that these projects have huge risks and that investors may lose all their investments.
The expert reminds that some of these projects have very small market capitalizations, and this can pose a great risk, as they are the moral equivalent of penny stocks in the stock market. However, he points out that they could also have big upside opportunities. “Remember that this is all highly speculative and not for the faint of heart,” the expert says. In the accompaniment of the expert’s evaluations, these 7 metaverse coin projects Cryptocoin. com we have prepared for its readers.
The first metaverse coin project Decentraland (MANA)
Decentraland is a crypto-powered virtual reality game, or rather, a virtual living platform written on the Ethereum Blockchain. Using MANA tokens, you can buy land, clothing, props, and a host of other virtual assets. Some of these can become very valuable and you can then sell them to others so they actually become an alternate reality. In fact, it is a “user-owned world”.
MANA tokens are now trading at $2.50 after spending a long time under $1.00. Facebook’s move to virtual reality has sparked great interest in this cryptocurrency and the reality associated with it. Everything in Decentraland is divided into LAND plots. Some plots are also organized into themed communities or regions. They have common interests and uses. The expert states that Decentraland is still under active development and constantly changing, and states that the value of MANA tokens reflects the growing interest and popularity of the Decentraland virtual world.
Another virtual world The Sandbox (SAND)
Sandbox is another virtual world where people can “create, own and monetize their gaming experiences”. A virtual metadata store owned by its users. Ownership of assets in the game comes in the form of Non Fungible Tokens (NFTs). The game was acquired by Animoca Brands in 2018 and has been turned into an Ethereum-based Blockchain game where users can monetize their in-game creations. On November 1, Reuters reported that Softbank’s Vision Fund 2 is leading a group of investors who have invested $93 million in the gaming platform. This came after monthly active users exceeded $144 million in trading volume on the platform.
The Sandbox CEO, Arthur Madrid, says this will go beyond gaming to fashion, architecture, virtual concerts and shows, art galleries, museums and more, according to Venturebeat. says. The Metaverse coin project has also partnered with celebrities to boost its popularity. For example, Snoop Dogg made a digital copy of his mansion. Reuters reports that Animoca Brands owns 20% of the $2.4 billion SAND tokens prior to its latest investment round.
Floki Inu (FLOKI) develops metaverse game
The Floki Inu started out as a joke, based on the name of the Shiba dog that Elon Musk named Floki. But since then, the company has created a virtual cryptocurrency, a university, and is developing a game based on an alternate reality. Meme-coin, that is, a crypto that has no meaning, no purpose, no reason for existence. His goal is to take advantage of a frenzy.
However, the expert says that recently the backers behind the Floki crypto started giving users a sneak peek at the upcoming NFT-based metaverse game. The name of the game is Vahalla. One of the in-game characters for the universe will be none other than Elon Musk. Meme coin will embark on a TV marketing campaign that starts in the first week of December and continues through Christmas. The idea behind the ad campaign is to get people to buy Floki tokens as an alternative to owning Dogecoin.
Actually, the implication is that this crypto will gain in value just as Dogecoin did. Dogecoin currently has a market cap of $34.5 billion and is the tenth largest cryptocurrency on the market, according to data from CoinMarketCap. For this to happen, the price of FLOKI would have to increase by more than 15 times. According to the expert, there is obviously no guarantee that this will happen, and so it remains a highly speculative cryptocurrency. However, the expert emphasizes that the support team has a well thought out marketing plan to bring real value to FLOKI.
A metaverse coin project Efinity Token (EFI) on Polkadot
Efinity labels itself as a “next-generation Blockchain for NFTs.” It is the next generation as it is a scalable, decentralized, cross-chain network. Efinity was built on Polkadot. Efinity claims to be unique in three ways. First, any NFT can migrate from any site to Efinity’s marketplace. Additionally, the highest unfilled NFT order can win token rewards.
Second, Efinity helps businesses reward their loyal users/customers through a new Blockchain feature called Recipes. Recipes allow anyone to modify or create existing or new NFTs. According to the expert, its unique feature is that it does not require any coding to do any of this. Third, its governance allows anyone participating in the network to propose and vote on changes.
Terra Virtua Kolect (TVK) traded on Binance
Founded by two entrepreneurs in London in 2016, Terra Virtua describes itself as a “completely immersive, blockchain-driven VR entertainment experience”. What originally started as a blockchain game is now deeply involved in NFTs, including a marketplace for digital art and collectible NFTs, a gaming environment, and a token called TVK.
By the way, the attempt to connect with Hollywood studios became known recently. The expert states that Terra Virtua has signed an agreement with Paramount Pictures and Legendary Entertainment and will license some of their most popular movies and brands on their platforms. The company says it has 120 designers, engineers, 3D modelers, artists and developers working in the NFT market, and more than 30 million mobile games have been downloaded from its site and mobile app. The expert thinks that TVK tokens are now traded on Binance, which will help increase its popularity in the long run.
Epic Prime (EPIK) is different from the others according to the expert
Epik Prime started producing “premium digital products” in 2018. According to the expert, Epik felt that these digital products would be the future of consumer products and would play a central role in ownership. The company claims to be the world leader in bringing brands to video games and producing unique in-game items, events and experiences.
The company’s token was launched in August 2021 in partnership with Huobi Global and the Huobi Prime program. The expert notes that Epik’s focus on helping game companies create NFTs and in-game collectible assets sets it apart from other metaverse coin projects.
An interesting metaverse coin project Highstreet (HIGH)
Highstreet is a metaverse coin project with an MMORPG (massive multiplayer online role-playing game) where players can fight monsters and complete missions. Additionally, it launches a new type of NFT marketplace where physical products are traded as NFTs in a fully open physical experience.
This company has recently received a second investment of $5 million in funding from both Binance Labs and Animoca Brands. Binance stated that Highstreet will integrate with the Binance NFT Marketplace. This is Binance’s NFT portal for buying and selling NFTs. According to the expert, considering the early funding round, this is a more speculative NFT metaverse coin project and therefore investors should be a little cautious.