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Top metaverse tokens to invest in 2023

by TechBriefly Newsroom
30 December 2022
in Articles
Reading Time: 3 mins read
Top metaverse tokens to invest in 2023
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Contents

  • 1 Metacade (MCADE)
  • 2 Sandbox
  • 3 Ethereum (ETH)
  • 4 Axi Infinity (AXS)
  • 5 WAX (WAXP)
  • 6 Somnium Space (CUBE)

The Metaverse claims to be among the most profitable investment opportunities of the current decade. According to Global Data forecasts, the metaverse market is expected to grow by an average of 40% per year in the next 7-8 years.

Early investing is a huge risk, but also a rare chance to get the highest possible profit. The most obvious and easiest way to join these opportunities is to invest in Metaverse cryptocurrency projects. Native tokens of popular projects are available on major crypto exchanges and buying them is no more difficult than swap BTC for XMR. Let’s take a look at some of the most potentially attractive tokens.

Metacade (MCADE)

Over the past decade, the gaming industry has become too centralized. It’s good for gaming giants, but not for gamers. Metacade is set to become a revenue-generating community based on the platform’s native MCADE token.

Those who participate in Metacade can earn MCADE rewards through wagering, raffle tournaments, and more. Metacade’s white paper confirms that players who help build the community can expect additional revenue streams through merchandise, advertising, content creation, and game testing.

Ambitious goals to create the best virtual arcade game, ideas about maximizing user value, and self-managing the gaming community give Metacade huge potential for growth. The MCADE token is still in pre-sale, which means it is available at a rock-bottom price.

Sandbox

The Sandbox is one of the most widely known metaverse projects on the market today. The VoxEdit and Game Maker tools allow you to create your own games and applications. Each item is an NFT, giving its owner the right to buy and sell their creations on The Sandbox Marketplace.

Ethereum (ETH)

The presence of Ethereum in the ranking looks somewhat unexpected, as if he himself does not create a metaverse. However, the blockchain provides the technical basis for the implementation of such projects and most likely will continue to do so in the near future. The recent merger promises to increase transaction speeds and lower fees, and if all goes according to plan, it will be an incentive for the active development of the metaverse.

Axi Infinity (AXS)

Axie Infinity is a play-to-earn game metaverse project, one of the most popular on the market. You can earn tokens in several ways: equipping your plot of land, fighting opponents in adventure mode, completing quests. In team battles, Smooth Love Potion (SLP) and Axie Infinity Shards (AXS) can be won. They can then be exchanged for real money in the same way as DOGE to BNB.

WAX (WAXP)

The Worldwide Asset eXchange (WAX) blockchain is designed to facilitate trading in the metaverse and play-to-earn games. It is a carbon-neutral decentralized dApp platform and marketplace exclusively for trading virtual items and NFTs. WAX allows you to truly own and trade your in-game assets with ease.

Perhaps WAX will play a vital role in the future of Metaverse item trading.

Somnium Space (CUBE)

The VR-based metaverse Somnium Space is reminiscent of The Sandbox. users can buy land, develop what they like on their land, and allow others to interact with their creation.

Each in-game asset is stored as NFT, meaning the creator can sell it using the CUBE token for a net profit. Somnium Space is geared towards maximum accessibility, which is why you’ll find it on almost every VR headset. The project has already established partnerships with several large companies, in particular – Sony. This indirectly points to good prospects for the future.

The decision to invest in the metaverse could be the best choice for the next decade. However, it is worth remembering that even the most capitalized and well-known cryptocurrencies are classified as high-risk assets. In the case of early investment, the risks increase many times over. Do not invest more in virtual money than you can safely lose.

 

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