Are you looking for the best cryptocurrency to invest in? In this article, we’ll go over some of the top crypto coins that are predicted to perform well in 2022.
We’ll also offer tips for investing in these digital currencies and share insights about using them to build a solid investment portfolio.
Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions. More commonly known as “crypto,” this type of money is decentralized and has no physical form.
Today, there are thousands of different cryptocurrencies on the market. While some have become very popular, others haven’t gained much recognition at all. Here are some of the top crypto coins that you should consider investing in this coming year:
11 Best Metaverse Crypto Coins to Buy In 2022
In the world of cryptocurrencies, there are many different types of coins that you can invest in. While Bitcoin and Ethereum are well-known and popular options, they aren’t the only ones that hold potential for future growth.
One type of cryptocurrency that is gaining attention these days is known as a metaverse crypto coin. These types of coins are often based on a blockchain that is designed for the purpose of being used in virtual, 3D worlds and other types of new media.
1. Decentraland (MANA)
Decentraland is an open-source, decentralized virtual reality platform powered by the Ethereum blockchain. Based on the success of games like Minecraft and Second Life, Decentraland uses a next-generation virtual reality space to simulate a fully 3D world with its own economy and ecosystems.
Using a blockchain-based cryptocurrency called MANA, Decentraland separates its in-world land from the control of one central authority. These virtual lands can be bought and sold using real money, and their ownership is recorded through an immutable ledger.
2. Avatar Token (AVATAR)
The Avatar Token (AVATAR) is an ERC20 token developed on the Ethereum blockchain. The token was created with the intention of being used as a utility token to power the Avatar ecosystem, which is a decentralized social network.
The Avatar ecosystem aims to provide users with a more democratic and transparent social media experience.
The AVATAR token can be used to purchase 3D avatars, which are also known as digital representations of a real person. The creation and uploading of these avatars onto the Avatar ecosystem requires users to spend AVATAR tokens.
Additionally, users will also earn rewards for curating content on the platform. These rewards will be paid out in AVATAR tokens.
3. Somnium Space (SOM)
Somnium Space is a virtual world that allows users to buy, own and trade property using blockchain technology. The aim of Somnium Space is to provide a decentralized and immersive virtual world that is uncensored and borderless.
Somnium Space was founded in 2018 by James Wooster and Otto Collins. Wooster is a veteran of the video game industry, having worked on titles such as Halo and Call of Duty. Collins is a serial entrepreneur with a background in product development and marketing.
4. Uphold (UPH)
Uphold is a cloud-based financial services platform that enables users to buy, hold, convert and transact in various currencies and commodities. The company was founded in 2013 by J.P. Thieriot and John Kirwan and is headquartered in San Francisco, California.
Uphold offers a variety of features and benefits for its users. For example, the platform provides instant conversion of funds between different currencies and allows users to hold their funds in a variety of asset classes including fiat currencies, cryptocurrencies, precious metals and commodities. In addition, Uphold offers a debit card that can be used to spend funds anywhere in the world.
5. Cryptovoxels (VOX)
Cryptovoxels is a virtual world that runs on the Ethereum blockchain. It allows anyone to create, own, and trade virtual property on the Ethereum blockchain.
Cryptovoxels is one of the first games to use the Ethereum blockchain for in-game items. The game includes a cryptocurrency called “VOX” which can be earned by creating objects or purchased through exchanges or other players.
Cryptovoxels is still under development, but it has already garnered a lot of excitement in the gaming community. Players are eagerly awaiting its official release, which is expected to happen later this year.
6. OpenSea (OPEN)
OpenSea is a decentralized marketplace for buying and selling digital items, including crypto assets, game items, and collectibles. The platform supports any type of ERC-721 or ERC-1155 token, making it the largest marketplace of its kind.
OpenSea was founded in early 2017 by Devin Finzer and Alex Atallah.
OpenSea has raised a total of $2.5 million from investors including Andreessen Horowitz, Boost VC, Founder’s Fund Angel, and Y Combinator. In 2018, the company was accepted into Y Combinator’s startup accelerator program.
7. The Sandbox (SAND)
The Sandbox is a decentralized platform where users can create, experiment, and play with virtual worlds that are powered by the Ethereum blockchain.
The Sandbox provides a safe and secure environment for users to experiment and play with new ideas in a completely decentralized way. The platform allows for the creation of fully customizable virtual worlds that can be used for a variety of purposes, including games, art, and education.
The Sandbox is built on top of the Ethereum blockchain, which provides a trustless and secure environment for users to interact with each other.
The platform uses the ERC-721 token standard to represent virtual assets in the game world, which allows for full ownership and control over these assets.
8. Ethereum (ETH)
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership of property.
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract), and many other things that have not been invented yet, all without a middleman or counterparty risk.
9. Bitcoin (BTC)
Bitcoin (BTC) is a digital currency that uses cryptography to control the creation and transfer of money, rather than relying on central authorities.
The underlying technical system upon which Bitcoin is built was designed by Satoshi Nakamoto and released in 2009. Today, tens of thousands of people participate in this network as “miners,” or people who use their computers to help validate new Bitcoin transactions and add them to the shared public ledger called the blockchain.
Bitcoin is often lauded as a truly decentralized currency, one that is not subject to the control of any government or financial institution.
However, some have argued that Bitcoin is not as decentralized as it claims to be, due to the concentration of power among miners who process transactions and develop changes to the underlying blockchain technology.
Bitcoin has long been criticized for its high energy usage, though that criticism is based on faulty assumptions about mining electricity costs and energy use in general.
10. Cardano (ADA)
Cardano (ADA) is a decentralized smart contract platform that makes use of the Proof-of-Stake algorithm. Cardano has two layers: one for financial transactions and the other for data storage.
The team behind this project was founded by Charles Hoskinson, who previously cofounded Ethereum, and research scientist Michael J. Nielsen. ADA is the native token used in this blockchain.
The Cardano platform was designed to be a third-generation cryptocurrency, offering scalability as well as increased security and decentralization.
Through its Ouroboros proof-of-stake algorithm, ADA can process transactions quicker than other second-generation cryptocurrencies like Ethereum. It also has more features, including sidechain support and the ability to handle third-party integrations through smart contracts.
EOS is a blockchain platform designed to support the development of decentralized applications (dapps). EOS has its own cryptocurrency, which is called EOS.
Like Ethereum’s Ether, it can be used as “gas” in transactions on the network. At the time of this writing, we have not launched an official dapp, but there are some test dapps being developed by third parties.
EOS was created and launched by block.one, a Cayman Islands exempted company of the same name. Block.one is led by CEO Brendan Blumer and CTO Dan Larimer, who also founded Steemit, Bitshares and Steem (a blockchain social media platform). All three projects are still actively maintained by Larimer.
Conclusion- Best Metaverse Crypto Coins To Buy In 2022: Complete Guide
As you can see, there are some exciting new technologies and platforms emerging – many of which haven’t even hit the market yet! This is an incredibly exciting time to be involved in the world of cryptocurrency, and we believe that the metaverse is going to play a big role in shaping the future.