Top 5 Metaverse tokens for earning
Metaverse tokens are a type of digital currency that Metaverse projects issue in order for users to make virtual purchases ranging from land to clothing. While some tokens can only be used in metaverses, others can be traded on cryptocurrency exchanges.
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Play-to-earn (P2E) tokens are more than just in-game money. They are valuable both inside and outside virtual reality. First, special items can serve as tokens, including weapons, gear, pets, and even membership in a community or guild. These tokens can be used to get access to VIP features and tournaments with other players. Second, Metaverse tokens can be exchanged for fiat money.
We have picked the top five Metaverse P2E tokens that are available on cryptocurrency exchanges, can be used as a financial instrument, and don't require users to be actively involved in the virtual world.
MANA Token (Decentraland)
MANA is the main token of Decentraland's 3D world, which users can access for free via browser. Users create everything in this metaverse, from museums and concert halls to entire cities. Using the MANA (ERC-20) token, players can buy, sell or exchange parts of a virtual LAND card (non-fungible digital asset of the ERC-721 standard). The Decentraland app is built on top of the Ethereum network to track the ownership of LAND.
Decentraland frequently makes headlines in cryptocurrency news due to the hottest events taking place in this world. However, the main value of the token is provided by the high level of interest in the NFT's functional features. Many NFT owners use the platform to show off their collections. But NFT is not the only thing offered by the token on the Ethereum blockchain. Its key feature is the ability to create virtual games and digital goods.
Its limited supply also helps to keep the price of MANA stable during a bear market. The project was initially launched with a total supply of 2.8 billion MANA, but it was reduced through token burning during LAND auctions. The total supply of MANA tokens is now 2.19 billion.
MANA token price changes. Source: coinmarketcap
MANA's price fluctuated dramatically, but it never fell below its initial rate.
MANA tokens are available on nearly all major CEXs.
The project has a great potential, even though the token's market capitalization has significantly decreased over the last six months. The bear market will eventually end, and the Decentraland metaverse is already attracting great interest from brands that want to enter the world of virtual shopping.
ILV Token (Illuvium)
Illuvium is a 3D open-world role-playing game (RPG) built on blockchain technology. Users explore the game world in search of creatures known as “illuvials” in order to build an army of them. The tokenized ILV currency is used in the game, which players can earn by completing difficult tasks and PVP battles. The ILV token also enables users to participate in the governance of the Illuvium DAO community and to vote on gaming strategies.
Furthermore, it is a tradable NFT that can be used for staking.
ILV can be purchased on the following platforms:
● Coinbase
● Binance
● BTCEX
● OKX
● Bitrue
● Bitget
ILV has made significant progress in 2021. Source: coinmarketcap
The Illuvium project has raised $5 million from multiple investors to build a platform that combines NFTs and fantasy battle games on the Ethereum blockchain. One of its leading sponsors is the venture capital company Framework Ventures.
The ILV token can be considered a good investment as long as the project's marketing support remains constant and there is no outflow of gamers from the Illuvium universe.
Token AXS (Axie Infinity)
Axie Infinity is the metaverse of crypto games with Axies characters that serve as non-fungible tokens. Users can buy, breed (for 0.05 ETH), exchange Pokémon-like, and arrange battles between the strongest AXS. The game also includes virtual real estate, which attracts non-gaming users who want to advertise on the platform. Players can make in-game purchases and take part in community management using the AXS token.
Axie Marketplace is one of the most popular in the blockchain gaming space. Around 1.5 million users were actively using the project as of September 2022, and the internal annual turnover of tokens exceeded $2 billion. For example, only one piece of virtual land was sold on the platform for $2.5 million. Tokens can be collected and sold on the P2P Axie marketplace.
Price changes for AXS token. Source: coinmarketcap
The most popular platforms for trading the AXS token are:
- Binance
- BTCEX
- OKX
- CoinTiger
- CoinW
The involvement of each player in the administration and development of gameplay is a fundamental aspect of the Axie Infinity world. Axies with a diverse set of attributes are in high demand among gamers and collectors of rare NFTs. In light of this, we do not perceive any reason why the project should lose its positions in the near future.
SAND (Sandbox)
The Sandbox Metaverse project, which is based on the Ethereum blockchain, had an excellent start on the crypto market. It is a virtual game world where users can create digital items and monetize their work. Every minute, hundreds of sales are made on this VR platform. SAND tokens can be used to purchase digital goods and participate in the P2E game in the metaverse.
The SAND token is the best option for those interested in virtual real estate and brand promotion in the Metaverse. Dozens of brands have announced partnerships with Sandbox. The project raised $93 million in a fundraising round spearheaded by SoftBank.
The SAND token's price history Source: coinmarketcap
There are currently 1,499,470,108 SAND tokens in circulation out of a total supply of 3,000,000,000. Additionally, even during the crypto winter, the daily turnover does not drop below $83 million. The token is actively traded on CEX exchanges, including WhiteBIT.
Even Dubai sheikhs establish an official representative office in the Sandbox Metaverse, and they are well-versed in promising projects.
A not-yet-existing token
A scandal involving the token of Fortnite Metaverse, which debuted and saw a sharp rise in price, broke out in the summer of 2022. Tim Sweeney, the CEO of Epic Games, which launched the Fortnite project, threatened to sue the developers of the FORT token, which was listed on DEX platforms at the end of 2021.
It was discovered during the proceedings that the token had no indications of being a scam. It was created by a group of the most devoted Fortnite fans who wanted to support the platform and increase its recognition. Furthermore, they stated that the Metaverse needs its own token in order for players to have a voice in managing their beloved VR world.
But anyway, the FORT token was removed from all trading platforms, as Tim Sweeney insisted. Also, the Epic Games team has since hinted that if players really need the Fortnite token, then they will think about a solution to this problem.
It should be noted that this metaverse's quality of visualization and gameplay is unmatched. More than three million gamers spend their time in the world of Fortnite every day. Additionally, accessing this metaverse is free and possible from both a PC and a smartphone.
Fortnite's world is incredibly detailed. Source: Fortnite
We will therefore wait and keep up with the news. If Epic Games launches a token for their Fortnite metaverse, it will be successful.
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