The metaverse is becoming increasingly reliant on cryptocurrencies to fund virtual worlds and support virtual land sales. Many metaverse providers now have their native currencies to help support the development of their digital worlds on blockchain technology.
Metaverse worlds are being utilized in several ways, with digital real estate game assets being developed for gaming, virtual shopping, digital art exhibitions, and virtual meeting rooms. With the digital world of the metaverse expected to grow exponentially in the coming years, there is plenty of scope for wise investors to make gains by choosing to buy metaverse coins at the right time.
With that in mind, here are the 12 best metaverse crypto projects to invest in for possible considerable gains in 2023:
- Metacade (MCADE)
- AltSignals (ASI)
- The Sandbox (SAND)
- Apecoin (APE)
- Axie Infinity (AXS)
- Decentraland (MANA)
- Metahero (HERO)
- Ethereum (ETH)
- Star Atlas (ATLAS)
- Enjin Coin (ENJ)
- Sushi Swap (SUSHI)
- Gala Games (GALA)
Metacade (MCADE) – An exciting GameFi metaverse crypto coin
What is Metacade?
Metacade will contain the widest choice of blockchain gaming experiences in the Web3 area as it grows into the world’s first metaverse-based gaming arcade. The arcade will combine casual and competitive gameplay and various titles – possibly the largest in the GameFi sphere.
An unrivaled play-to-earn (P2E) mechanism provides the heartbeat of the platform, rewarding players as they do what they like best, playing computer games. However, one of Metacade’s major selling points that sets it apart from other GameFi titles are the other earning streams available to Metacade’s community of gaming enthusiasts and crypto fans.
Its novel Create2Earn feature rewards content creators whenever they post to the hub. Rewards will be granted for every interaction, including game reviews, sharing alpha, and contributions to Reddit-style sub-forums and live chats.
In addition, Metacade has a token staking system as part of the Compete2Earm program, where users can stake their MCADE holding in return for entry into online tournaments and prize draws. Meanwhile, the Work2Earn initiative will help the broader Web3 industry by sharing the most exciting blockchain job opportunities with the hottest new talent in its community.
Feeding into this Work2Earn scheme is Metacade’s crowning glory, the Metagrants scheme. This initiative encourages the creation of new titles exclusively for Metacade by providing funding to new developers. Each idea is pooled and voted on by the Metacade community, with the most exciting ideas to make the cut going into production. Developers can take their careers forward while Metacade continues to evolve thanks to the regular release of new titles.
Why you might wish to invest in MCADE
Metacade launched its native MCADE token late in 2022 and it has already become a resounding success, raising $10.9m in just 16 weeks. This momentum continues to grow as investors flock to one of the most exciting crypto projects available to the crypto community while the price remains at this low level.
MCADE tokens are currently available for $0.0185 during the final stage of the presale event and will increase to $0.02 by the end of the presale. At this point, the coin will hit the exchanges, and experts expect demand for the token to surge.
With excellent levels of utility built into the MCADE coin and very strong tokenomics thanks to the two billion total supply of tokens, getting involved in the MCADE presale sooner rather than later could produce enormous gains for the early investor in 2023.
You can participate in the Metacade final stage presale here
AltSignals (ASI) – Trading signals boosted by coming new AI capability
What is AltSignals?
AltSignals, while not specifically a metaverse crypto project, is one of the most exciting investment opportunities on the market right now, with potentially huge returns available in 2023. Like most other token projects that have earning potential built-in, AltSignals does too.
AltSignals is an online trading community that produces buy or sell signals for its members to help them make efficient and profitable trading decisions. The platform recently released its algorithmic AltAlgo™ trading indicator, which has a well proven success rate. AltSignals is now preparing to launch its native token, ASI, alongside a turbocharged AI-powered toolkit.
ASI token holders will in future gain access to ActualizeAI, a technology stack that will use the most cutting-edge AI technologies, including machine learning algorithms and predictive modeling combined with Natural Language Programming (NLP), to scour markets 24/7 in real-time, thus returning the most up-to-date and accurate trading intel for its community.
This new AI capability from AltSignals looks set to take the trading signals sector into a new realm by propelling AltSignals from one of the most trusted trading signals platforms to the market leader.
Why you should possibly invest in the ASI token presale
ASI token holders can immediately access the ActualizeAI signals and join the AI Members Club. Additionally, ASI token holders enjoy further benefits, including governance rights and beta testing access. Users can earn crypto rewards whenever they provide feedback to the platform on new features.
The ASI token is a brand new release for a platform looking to position itself amongst the leaders of the AI revolution. With several metaverse projects looking to adopt AI capabilities into their platforms, the token will likely shoot up in price once the presale event ends and it hits the public crypto exchanges. This represents a superb opportunity for crypto investors interested in AI and its impact on the metaverse to get involved at an extremely low price.
You can participate in the AltSignals presale here
The Sandbox (SAND) – Virtual 3D world with celeb backing
What is The Sandbox?
The Sandbox is a digital 3D world where virtual land parcels are bought, sold, and traded. Users can use their digital real estate plots to build anything, from digital art galleries to virtual theme parks, virtual games, and meeting rooms. They can also monetize the experience through the platform’s native token, SAND, and even create avatars.
Earning metaverse crypto coins is unlocked via the platform’s P2E metaverse mechanics, with the attraction being in the vast number of use cases for digital real estate plots. Users of all abilities can use the platform’s innovative and user-friendly plug-and-play toolkits to create and trade NFTs, digital assets, avatars, and experiences on their virtual land.
The Sandbox runs on the Ethereum blockchain providing top-class operability and security. This allows unparalleled animations and 3D models to create a fully-immersive virtual reality metaverse that players can fully explore from the comfort of their sofas using their virtual reality headsets.
Why you should probably invest in SAND
The Sandbox’s native token, SAND, unlocks all activity on The Sandbox platform and is required for anyone buying LAND parcels in the metaverse. Additionally, SAND crypto coins are used to transact all in-game assets in The Sandbox marketplace, where users can trade their real estate plots and purchase virtual land, NFTs, and accessories.
Furthermore, SAND token holders gain voting rights on platform governance as a fully-fledged decentralized autonomous organization (DAO) and can stake metaverse tokens to earn passive income in SAND tokens.
While several big names, including skateboard legend Tony Hawk, hip-hop star Snoop Dogg, and socialite Paris Hilton have all bought plots on The Sandbox, the platform’s actual value lies in the utility locked into the SAND token. With plenty of headroom in the market capitalization for growth and more and more projects understanding the potential power of the metaverse, SAND is one of the best metaverse crypto coins to invest in for significant returns in 2023.
ApeCoin (APE) – Bored Ape Yacht Club meme coin branching into the metaverse
What is ApeCoin?
ApeCoin is an ERC-20 metaverse token native to the well-known Bored Ape Yacht Club (BAYC) community, one of the metaverse crypto world’s most notable NFT meme coins. Launched by Yuga Labs in 2022, $320 million was raised in a virtual real estate and virtual land sale that allowed APE token holders access to Otherdeed land parcels in the Otherside metaverse.
Otherside is a metaverse game that will develop into a Massively Multiplayer Online Role-Playing Game (MMORPG) virtual world embedded in the BAYC ecosystem, adding utility to its native APE token, which will be used as its in-game currency.
The token launched in March 2022 with an overall circulating supply of around 1 billion metaverse coins. Since the market cap has risen significantly to catapult APE to become the most significant metaverse token by market capitalization, an astonishing achievement for what is still a relatively new coin.
Why you should invest in APE
ApeCoin was quick to capture the imagination of the NFT-buying crypto fan with its much sought-after membership of BAYC and its sibling, the Mutant Ape Yacht Club (MAYC), two of the most exclusive NFT clubs ever. This has gone a long way to making APE-backed NFTs more valuable than others on the market.
Meanwhile, ApeCoin’s move into the metaverse looks set to help Yuga Labs sell more merchandise while continuing to push forward with the development of a decentralized Web3. With an impressive market cap already achieved and plenty of headroom to grow further, the increasing utility built into APE makes it one of the most exciting metaverse crypto coins currently on the market.
Among the benefits for APE coin holders are open access to the DAO's governance voting rights and exclusive access to limited edition mints, games, events, merch, and other services.
Axie Infinity (AXS) – NFT collecting metaverse game coin
What is Axie Infinity?
Since its launch in 2020, Axie Infinity has quickly become one of the most popular P2E games and metaverse crypto coins. Built on the Ethereum blockchain, Axie Infinity is a game created in a digital universe where users collect, raise, breed, and equip digital pets known as Axies to complete challenges, quests, and hunts or battle their Axies against those of other players, gaining rewards along the way.
Axies are NFT-minted pets that can be bought, sold, and traded outside the game in the online marketplace and range between $4 and $100,000, depending on their scarcity. Users can also build kingdoms within the digital universe using some of the resources they collect through the game.
Although gamers can earn passive income in the form of the native AXS token, there is a limit to the amount available to each player on a single day. However, the game’s open-ended nature has produced a compelling open-world feel that has proven addictive to thousands of gamers worldwide.
Why might you invest in AXS?
Axie Infinity has carved itself an impressive space in the metaverse gaming niche, with more than $3.6 billion transacted in its online marketplace to date. The play-to-earn games offered by Axie Infinity are an attractive feature, and the regular release of new Axies, challenges, and quests has created a loyal and dedicated supporter base.
With AXS having a capped total token supply of 270 million, the end of the current bear market is the ideal time for wise investors looking for value in the metaverse token market to buy metaverse crypto with prices remaining low, leaving huge wriggle room for growth both in market cap and coin value.
Decentraland (MANA) – Open metaverse world with endless options for customization
What is Decentraland?
Another popular metaverse crypto, Decentraland, launched in 2018 and quickly established itself as a pioneer in the metaverse coin race. Built on the Ethereum blockchain, it is now one of the top metaverse coins thanks to its virtual universe that allows users to utilize their virtual property in any way they choose, similar to The Sandbox.
The platform’s native token, MANA, powers all activity in this virtual world, providing the medium of exchange for all transactions on the platform. This includes purchasing and selling digital land parcels, which form LAND tokens upon which users can build any virtual experience they wish.
LAND parcels’ utilization includes gaming experiences, virtual exhibitions, and even interactive experiences such as concerts and festivals, which takes the Decentraland user experience to the next level. Some critics have said that the Decentraland terrain lacks diversity, and some areas of the world can be a virtual wilderness where users rarely come across anyone else. However, in the more “urban” spaces, there is plenty to see and do in this ever-evolving immersive virtual reality world.
Why should you probably invest in MANA?
MANA is a well-established metaverse crypto token widely available on most reputable crypto exchanges. This metaverse space refuses to rest on its laurels, making it one of the best metaverse crypto projects right now. It continues to develop and evolve, making it a desirable investment option for anyone wanting to get involved in one of the best metaverse crypto projects that could deliver outstanding returns.
The regular roll-out of new features helps build more utility into the MANA token. In addition, while the MANA market capitalization is currently high for a metaverse project, as more people and companies begin to embrace the art of the possible with the metaverse, there is significant space for this to rise in the coming months and years.
Metahero (HERO) – 3D-enabled technology moving NFTs into a new realm
What is Metahero?
Unlike most metaverse projects hosted on Ethereum, Metahero recently launched on Binance Smart Chain and combines 3D scanning technology with NFT smart contracts to allow users to create fully-unique meta avatars and accessories to explore the Metaverse.
Metahero’s partnership with Wolf Studio, whose 3D technology has proven value in music, gaming, and fashion, has made it one of the most exciting metaverse-based virtual reality ecosystems where users can create and monetize their unique one-off NFTs.
To help users access the 3D scanning technology, Metahero is planning to set up scanning chambers worldwide, beginning in cities like Doha, Tokyo, Berlin, New York, and Seoul. All users need to use the chambers is to download their smartphone app and hold a certain number of the native HERO tokens.
Reasons to invest in HERO
Metahero is one of the most exciting metaverse projects currently on the market, potentially revolutionizing how NFTs are created and connecting the virtual and physical worlds. The 3D-scanning capability adds a layer of personalization to the platform that other NFT creator projects cannot match.
As the 3D scanning chambers become available worldwide and users begin to utilize the platform’s online marketplace, HERO could well ignite in value and grow its market cap significantly in the coming months and years.
Ethereum (ETH) – Metaverse enabling platform staying strong
What is Ethereum?
While Ethereum is more a blockchain provider than a metaverse project, the world’s largest layer-1 protocol network is also the crypto world’s most significant enabler of metaverse-based projects. Among metaverse projects hosted on the Ethereum network are Decentraland and Metacade, meaning that Ethereum plays a massive role in the metaverse crypto sector.
In addition to hosting interesting metaverse projects, Ethereum’s new proof-of-stake consensus mechanism has taken their blockchain and smart contract offering to an entirely new level. Its ability to complete transactions in seconds with total security and transparency is seeing off challenges from competitor blockchain providers, such as Cardano and Solana, keeping Ethereum at the top of the three as the metaverse project’s blockchain network of choice.
Why invest in ETH?
Ethereum is well established as the biggest altcoin currently in circulation, and its place at the head of the table is assured for the medium to long term. With bullish market conditions expected to return in the coming months and years, the price of the platform’s native token, ETH, has significant headroom to grow along with its market cap.
In addition, further releases planned for 2023 will likely maintain Ethereum as the blockchain of choice for new metaverse projects looking for secure, fast, and reliable networks. As the metaverse continues to grow, Ethereum’s digital currency looks set to evolve, making it a surefire option for any investor seeking a reliable place to put their money.
Star Atlas (ATLAS) – Metaverse strategy gaming coin
Star Atlas is a gaming metaverse platform with ambitious plans to build one of the largest sci-fi virtual universes and a hugely immersive blockchain gaming experience. The robust design allows its players to play games and fully sink themselves into the deep space-borne narrative created by the game’s designers, with rewards available to players as they play games, contribute to the community and discover new planets as they explore the vast open-world map.
Each player is a citizen on the game map and can participate in one of three game modes. These include deep space exploration, interstellar combat, or constructing bases and communities on new planets. Income is gained through the excellent P2E mechanics, where rewards are granted each time users offer services to other game players.
Why invest in ATLAS?
The game’s deep and expansive gaming and virtual reality cockpit experience have made the platform’s native token, ATLAS, one of the market's most desired metaverse gaming tokens. The hugely broad scope of the game that leverages digital assets to deepen the online experience makes it among the best sci-fi-based MMO games.
RPG gamers have flocked to Star Atlas and picked up its native ATLAS coin thanks to the platform’s primary focus on the gameplay experience, a principle beginning to set Star Atlas apart from other single-title GameFi titles.
Suppose the user base increases in line with the continuing development of the Star Atlas metaverse. In that case, there is rich potential for ATLAS's value and market cap to move upward, making it one of the best metaverse crypto investment options for fans of the metaverse.
Enjin Coin (ENJ) – A metaverse gaming developer’s best friend
What is Enjin Coin?
Enjin Coin is a GameFi project hosted on the Ethereum blockchain that enables users to create and manage NFTs while playing a big part in metaverse crypto gaming. The platform provides a service to support virtual items in blockchain games, metaverse worlds, and augmented reality, meaning that users can use NFTs they’ve minted themselves in several games across the metaverse.
Virtual assets such as weapons, armor, and other in-game accessories are securely stored on the blockchain and accessible as NFTs via Enjin Coin’s platform. This allows players complete ownership over their virtual assets, allowing them autonomy to deploy them through the platform’s suite of tools into newly created crypto games with enormous simplicity.
Why invest in ENJ?
The native ENJ coin underpins all activity on Enjin Coin and has significant potential as the platform continues to support the burgeoning augmented reality GameFi space. Game developers will likely flock to Enjin Coin’s simple toolkit to create NFTs and drop them into their games over the coming months and years in their hundreds, a move that will push ENJ’s value and market cap significantly higher as bull market conditions take hold.
In addition to the rich potential Enjin Coin has to help determine the future of the metaverse gaming market, the platform already has a rich track record of building partnerships with big names, such as Microsoft, Samsung, and Binance. Any metaverse project attracting partnerships of this caliber are excellent investment opportunities.
SushiSwap (SUSHI) - DEX with new metaverse marketplace
What is SushiSwap?
Sushi Swap is an increasingly popular metaverse-based decentralized exchange (DEX) that offers a fully-integrated NFT marketplace alongside the traditional ability to buy, sell and trade digital currencies as expected on any DEX. The nature of the metaverse decentralized exchange led to Sushi Swap swelling in popularity before the bear market of 2022, breaking the $500 million market cap barrier. The native tokens of Sushiswap are SUSHI.
The NFT marketplace is a newer addition to the SushiSwap ecosystem, with the platform looking to branch out into the metaverse world while it’s still a relatively novel idea. Users can now take advantage of a fully-immersive decentralized NFT trading experience which encourages community building as users interact with each other.
Other options available on SushiSwap’s trading infrastructure are the ability to trade cryptocurrencies, deposit (or farm) crypto into one of the platform’s liquidity pools to earn rewards, a crypto staking capability, and the ability to lend or borrow crypto.
Reasons to invest in SUSHI
SUSHI is a governance token, meaning that all token holders are granted voting rights to help determine the future direction of the exchange. This provides the native SUSHI utility token with greater value than other metaverse crypto coins that lack governance and focus purely on utility.
This makes SUSHI an intriguing investment opportunity over other metaverse coins and a metaverse crypto with proven space to grow in market cap. As users flock to the platform to take advantage of the NFT marketplace, investors can look forward to good returns this year, with the price of the SUSHI token expected to grow.
Gala Games (GALA) – Multi-game crypto gaming platform with a solid user base
What is Gala Games?
Gala Games is a multi-game platform breaking into the GameFi scene thanks to its excellent P2E mechanics. Gala aims to provide gamers with a fully-decentralized and transparent gaming experience that exceeds traditional console and PC gaming offerings, thanks to its focus on asset ownership and providing the community with control over the platform’s future strategic direction.
Where Gala Games really differs from more traditional forms of gaming is via the use of the Ethereum blockchain to allow gamers to fully own their in-game assets thanks to the platform’s superior NFT technology. In addition, the P2E element provides excellent incentives to keep gamers on the platform playing their titles, including RPGs, first-person shooters, and 1v1 duels.
Gala already claims a monthly active user base of 1.3 million, an excellent illustration of its progress into the metaverse gaming world. With GameFi predicted to outstrip growth in traditional gaming by around 10x in the next five years to 2028, Gala is very well set to take full advantage of this growth and maneuver itself to the front of the sector.
As a result, investing in GALA presents a compelling opportunity as one of the best-established multi-game metaverse gaming projects currently available and one of the best metaverse crypto coins to invest in now, especially when compared to other metaverse platforms. GALA could grow significantly in market capitalization and value as the sector grows, providing excellent returns to investors that get on board now.
Conclusion – What is the best metaverse crypto to buy right now?
The metaverse crypto space is full of solid and exciting projects and metaverse games and platforms, each of which could provide excellent returns in 2023 to wise investors. Metacade is difficult to look beyond as the most compelling investment opportunity for anyone looking for the best metaverse coins to invest in this year.
The platform’s rich project map, multiple earning streams, and ambitions to take development beyond the confines of the project and into the wider metaverse industry provide the space into which Metacade can grow. The low coin price during the presale event looks set to explode when MCADE hits decentralized exchanges, making it a compelling option to buy for considerable gains in 2023.
Related Crypto FAQs
What crypto does the metaverse know?
Every metaverse token is a cryptocurrency; however, not every cryptocurrency is a metaverse project-based token. Any crypto project that involves a digital virtual world that users can explore using VR-enabled technology or from a phone, tablet, or PC is a metaverse project.
Examples of cryptocurrencies known within the metaverse include MANA (Decentraland), SAND (The Sandbox), and AXS (Axie Infinity).
Does the company Meta have crypto?
The tech company Meta, formerly Facebook, sees itself as a leading light in metaverse development. At this point, it does not have its own crypto coins.
Is metaverse crypto a good investment?
2022 was a year of massive struggle for metaverse crypto, with many crypto coins seeing falls of more than 90% over the year. This led to some analysts writing off metaverse projects as a solid investment option.
The early signs in 2023 are that there is a considerable recovery in the metaverse sector. However, prices remain relatively low for metaverse cryptos, meaning that investment in metaverse projects could be excellent for new investors this year.
You can participate in the Metacade final stage presale here
You can participate in the AltSignals presale here
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.