One of the hottest trends in the cryptocurrency space last year was the metaverse. Numerous projects focusing on the metaverse emerged last year and grabbed the attention of investors.
However, 2022 will see more metaverse projects grab the headlines, thanks to the developments they have in store.
This post explores the top five metaverse coins below $1 to watch this year. We will look at what the projects are developing and why you should keep an eye on them.
What is the Metaverse?
The metaverse can best be described as a persistent, online, 3D universe comprising multiple virtual spaces. It is considered by many as a future iteration of the internet as it will allow users to meet, work, game, and socialize in the 3D spaces.
The metaverse is driven by augmented reality, with the user controlling a character or an avatar. With the metaverse, you can conduct your work meetings virtually and feel like you were physically present.
You can also do a wide range of things, including playing blockchain-based games and many more. Cryptocurrencies have become very important to the metaverse space. Cryptos serve as utility tokens in the metaverse, while the nonfungible tokens (NFTs) are the virtual collectibles.
Top Five Metaverse Coins Below $1
The metaverse is still in its early days, but numerous cryptocurrency projects are now focusing their attention on this space. Decentraland, The Sandbox, and Axie Infinity are some of the leading names in the metaverse space. However, we have some projects that are relatively unknown but have huge potential. Here are the top five metaverse coins that are currently trading below $1.
Bloktopia is a decentralized metaverse built and backed by Polygon, one of the leading blockchains in the world. Bloktopia aims to provide an unprecedented VR experience for the crypto community, bringing users together all in one immersive and engaging environment.
It is one of the must-watch metaverse projects in 2022 because of its strong backing. Bloktopia has attracted investors such as Animoca Brands. Leading crypto companies including KuCoin, CoinMarketCap, and Coingecko already have their virtual offices within Bloktopia.