Metaverse Tokens: An Introduction

metaverse tokens

Have you jumped on the cryptocurrency bandwagon yet? It’s never too late! Cryptocurrency is gaining fans, and the combined total worth of all cryptocurrencies is about 7% of the world’s currency.

Cryptocurrency is cutting edge, and one of those currencies is Metaverse tokens. Are you curious about investing in crypto? Wondering about types of cryptocurrency?

Keep reading for a quick guide to Metaverse tokens.

Table of Contents

What Is the Metaverse?

Metaverse is the up-and-coming “web 3.0.” It’s one of the big projects of the rebranded parent company of Facebook and other social media platforms now called Meta Platforms.

Although Meta Platforms isn’t the only company working on creating the metaverse, they’ll likely succeed before many of the other companies.

The metaverse is a virtual reality world that offers an immersive experience on the internet. It combines virtual and augmented reality. In the metaverse, you can interact with others via avatars. You’ll see businesses, offices, stores, and restaurants.

The metaverse should be in full swing within the next 5-10 years, though through VR goggles and smart glasses, some users are already using parts of the metaverse.

This is where Metaverse Tokens come in…

What Are Metaverse Tokens?

Metaverse Tokens are a type of virtual currency you use for transactions within the metaverse. These transactions are instant and secure because the underlying structure is the blockchain.

If you have Metaverse Tokens, you can use many applications and services inside the virtual space. You use some tokens inside games, while others are for specific items, such as clothes for an avatar.

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The great thing about Metaverse Tokens is they work inside the metaverse and out in the real world.

Investing in Crypto

Metaverse crypto is on the rise. Are you ready to get yours? Here are some of the popular Metaverse Tokens when buying crypto.

The Sandbox (SAND)

SAND tokens are the coin of The Sandbox realm, a virtual game combining blockchain, NFTs, and Defi into a three-dimensional universe.

When you’re in The Sandbox, you can either earn SAND tokens or you can buy them on an exchange. Here’s where to buy SAND.

Decentraland (MANA)

Are you interested in owning land and creating artwork and NFTs? Decentraland is the place for you! It’s a virtual world where you create and own your own land.

You can also participate in Decentraland’s governing structure. MANA is the native cryptocurrency of Decentraland and all the game’s assets reside on the blockchain.

Axie Infinity (AXS)

Axie Infinity is another blockchain-based virtual game. Players in Axie Infinity build digital kingdoms for their Axis (pets). They also engage in battles and collect coins.

Illuvium (ILV)

Built on the Ethereum blockchain, Illuvium is a role-playing game where players explore the 3D world in search of Illuvial. They use Illuvials to battle other players. The game’s expected launch is in August of 2022.

The game works on a play-to-earn model, where you earn ILV cryptocurrency.

It’s Time for Metaverse Tokens

The future is here in the metaverse. It’s time to invest in Metaverse Tokens for all your gaming and virtual reality needs.

Do cryptocurrency and the metaverse interest you? Learn more in the technology section of our blog!