Since Facebook founder Mark Zuckerberg relaunched the company as Meta Platforms and started out to develop a metaverse for business, cryptocurrency projects based on the metaverse have become all the rage.
To attract more backers, cryptocurrency projects are making NFTs playable in the metaverse by leveraging blockchain technology, creating a near-synonymy between crypto, NFTs, as well as the metaverse.
Finding the best NFT metaverse projects to invest in can be difficult evaluation and search for some investors. This article examines the top metaverse projects to invest in 2022 and provides recommendations for newcomers.
Table of Contents
Tamadoge
We believe that the greatest cryptocurrency to invest in for the metaverse in 2022 will be Tamadoge (TAMA). TAMA is indeed the native cryptocurrency token of the Tamaverse, which is a play-to-earn (P2E) multiverse system that rewards participants with in-game prizes for their participation. Thus making it one of the finest metaverse projects to invest in 2022.
TAMA is able to install smart contracts and mint new forms of tokens since it is based on the Ethereum network. Tamadoge pets, which are virtual avatars resembling dogs and are issued as trading non-fungible tokens, are one of the most important tradable components of the Tamadoge ecosystem. The Tama store is where players may make their purchases of pets to use with their characters in order to compete for scores on a quarterly leaderboard.
Battle Infinity
With the intention of providing members of the platform with both gaming and decentralized financial (DeFI) options, Battle Infinity (IBAT) is indeed a peer-to-peer (P2P) metaverse cryptocurrency initiative. In the Battle Arena, the project’s metaverse, all characters, and things are NFTs that players can trade with one another.
In the IBAT Battle Market, users can buy and sell ERC 721 smart-protocol-created avatars and items to customize their own digital characters. IBAT, the native crypto coin, can be used to buy NFTs. Additionally, the token is used to distribute prizes, which increases its value and facilitates easier trading.
Battle Infinity’s idea for the Battle Arena is a virtual environment where users may participate in concerts and other events by donning virtual reality headsets and connecting with one another. However, the launch of the tokens was a priority first before the metaverse project could be completed.
Enjin
Enjin is a decentralized online game platform that offers participants value that is backed by cryptocurrencies as metaverse projects to invest in 2022. It was developed on the Ethereum blockchain. Players, for instance, have access to a wide variety of tools, such as application developer kits (SDKs), game extensions, wallets, and much more.
Participants have an easier time buying, selling, and trading virtual items such as NFTs when they use Enjin. The Enjin (ENJ) cryptocurrency serves as the network’s utility token. The value of NFTS that is coined within the Enjin ecology is directly backed by ENJ, which is used to do so. However, as of August 2022, ENJ has recovered to a value of half a dollar, giving it a market capitalization of more than half a billion dollars.
Quint
Tokenized reality and the metaverse are going to be brought together by the revolutionary cryptocurrency known as Quint. Native to the Quint platform, the QUINT token is generated just on the Binance Smart chain that makes use of smart protocol technology to provide a wide variety of chances for mounting, trading, and NFT trading.
Quint offers a one-of-a-kind super-staking pool that may be utilized for more than only the accumulation of token interest. Participants have the opportunity to win luxurious real-world prizes, such as timepieces and vacation packages, using the site. In addition, investors have the opportunity to buy, sell, and trade NFTs by joining the Boutique NFT marketplace.
Decentraland
The leading cryptocurrency platform in the metaverse, Decentraland enables users to take part in an ecosystem based on virtual real estate. Players have the ability to buy, sell, and trade pieces of real estate referred to as LAND within the Decentraland metaverse. LAND is a decentralized digital asset that is based on the Ethereum blockchain and each piece of LAND is represented by an ERC 721 coin.
Players have access to MANA, the native coinage of Decentraland, which can be used to purchase and sell individual pieces of LAND. MANA is an ERC-20 token. MANA is utilized not only as the currency of the platform but also for the purpose of promoting NFT billboards and resolving transactions for the various games that can be played on Decentraland.
The Bottom Line
Metaverse initiatives provide investors and gamers with a virtual environment that includes in-game economics featuring the use of NFTs and cryptocurrencies to support P2E dynamics. This ecosystem features in-game economies. Because of the many different use cases, they offer, NFTs and initiatives based on the metaverse are gradually gaining more and more appeal.
Investors should conduct a cost-benefit analysis of buying in this specialized market before settling on a conclusion about which is the best NFT for the metaverse.
