The metaverse and non-fungible tokens sectors have been the subject of discussion in any public fora lately. And proof of this comes as early investors who invested in metaverse gems are smiling to the bank.
In fact, one of the biggest tech companies in the world, Facebook, changed its name to Meta in a bid to bet on the metaverse. It was in the news that the company spent well over $10 billion last year on its metaverse project, and tagged it the future of technology. Blockchain and cryptocurrency are certainly going to play a major role in the journey to the metaverse.
So, which metaverse tokens should you invest in? Metaverse gems like Apecoin (APE), Decentraland (MANA), and Chronoly (CRNO) are certainly on top of every investors’ list in 2022. Here’s everything you need to know about these top metaverse coins.
Since the launch of Apecoin in April 2021, the coin has become one of the most sought-after metaverse tokens. Its Bored Ape Yacht Club (BAYC) NFT collections boast an active community of supporters. (APE) is the project’s utility token and is designed to the ERC-20 standard. The token empowers the migration of the project to Web 3.0. It is supported by the APE Foundation and governed by the ApeCoin DAO. Apecoin token holders have the right to vote and be voted for on governance proposals on the DAO. They also enjoy exclusive access to exciting features such as events, games, and services.
On Saturday, April 30, those who pre-registered before April 1 on somethingisbrewing.xyz will be able to participate in the first mint for Otherside. Otherside is the new Metaverse created by Yuga Labs, the creator of Bored Ape Yacht Club. While we suspect that the NFTs will represent land in the Otherside Metaverse, the company has not confirmed our suspicion. Those who pre-registered with their Ethereum wallets will need to pay using ApeCoin to participate. The mint will copy the Dutch auction format, with prices starting very high and declining over time until the NFTs are sold out.
Decentraland is another promising metaverse token that can fetch you good profits. At its core, Decentraland is a metaverse platform built on top of the Ethereum blockchain. The platform allows users to create and monetize digital content using different interactive experiences. Users can also buy and sell digital real estate while playing games within the ecosystem. As more investors move to adopt Decentraland (MANA), the price of the token shot up by over 50% in early 2022.
Overall, Decentraland has evolved to create different interaction apps and implement peer-topeer user communication and in-world payments. The team at Decentraland recently partnered with Degree, Fatjoe, Blake Leeper, and others to organize the metaverse’s first ever marathon. Joining the marathon means creating more awareness about the metaverse.
Chronoly.io is the world’s first decentralized marketplace where investors can buy, trade, and authenticate luxury watches using blockchain technology. Many are calling this project the new era of watch ownership because of it’s unique use case of NFTs.
Each watch NFT on the Chronoly marketplace is backed by the physical watch, which is insured and stored in their depositary vault. All of the watch’s authenticity, ownership history and valuation details are stored in the metadata and the NFT is then broken down into smaller fractions allowing anyone to own part of luxury watch from as little as $10.
According to the Chronoly whitepaper, the team plans to integrate with several metaverse’s and metaverse games where users will be able to wear their digital watch NFT on their avatar and showcase their digital collection.
The Chronoly marketplace is powered by their native token (CRNO) which started its presale on May 2nd 2022 at a starting price of $0.01. There could be significant profits for the lucky few who manage to buy the Chronoly token early during it’s presale phase.