Metaverse coins have been in high demand lately—thanks to the concept of Metaverse and the Web3 stories backing it.
The metaverse is a 3D virtual world powered by cryptocurrencies and blockchain technology. Until the advent of cryptocurrencies and decentralised finance (DeFi), it had only existed as a theory.
Now organisations and companies like Meta (formerly Facebook), Louis Vuitton, Microsoft, etc. are investing heavily in the metaverse and introducing more use cases for the technology.
Here are 3 metaverse coins that can fetch you more money:
Decentraland is a 3D virtual reality platform built on the Ethereum blockchain, enabling users and creatives to purchase and customise lands for leisure, fun, or socialisation.
Decentraland’s utility token, MANA, powers the platform and is used to buy these upgradable virtual lands in the metaverse.
MANA has been a top pick by investors since completing its presale in 2018. The metaverse coin reached an all-time high of $5.47 in 2021 but has dumped over 50% since the crypto crash began.
Regardless, investors are still betting on the coin to reach new highs following the regular additions to its projects. Forbes recently reported that 2 Asian Billionaires-owned hotel groups built lands in Decentraland’s metaverse.
In March 2022, Decentraland hosted the world’s first-ever fashion week in the metaverse, which sparked a new wave of metaverse trends. Now, different metaverses will join its ranks to host future fashion-based events.
All these and more are part of the reasons organisations are betting on Decentraland (MANA) to grow bigger. You should also have this mindset to produce bigger returns in the long term.
The Sandbox (SAND)
The Sandbox is another exciting metaverse platform with huge potential like its rivals—Decentraland, Axie Infinity, etc. It runs on Ethereum’s blockchain and allows creatives to monetise their virtually created content called “Voxel”.
The SAND token is The Sandbox’s utility token for purchasing NFTs and collectibles on its metaverse or marketplace. Users may stake SAND in an Ethereum-supported DEX such as Uniswap, Binance DEX, and so on, or interact and receive rewards or earnings with the token.
The Sandbox is one of the top choices for investors and celebrities, with the likes of Snoop Dogg and Steve Aoki joining the brand. Companies like Atari, Warner Music Group, and Adidas are also big names on the platform.
SAND has a total supply of 3,000,000,000 with at least 1 billion in circulation. Its current price shows so much potential for the coin to hit new highs. In November 2021—like many cryptocurrencies then—SAND moved past the $8 price but dropped below $3 following the crypto crash in Q1 2022.
With the ongoing innovations on the platform and massive investor interest, The Sandbox (SAND) will likely reach positive price levels in the future and give users a return on their investment.
Quitriam Finance (QTM)
DeFi is growing massively, much so that it becomes difficult to choose a great project to store your money. Quitriam Finance (QTM) is a DeFi launchpad of protocols such as lending and borrowing, DEX, NFTs, metaverse, and many more.
Quitriam Finance is still in development, and many of its protocols are still new. However, it’s difficult to take your eyes off its metaverse proposition.
You can mine Quitriam Ores in the Quitriam Mine and smelt the ores in a Quitriam Furnance to produce Quitriam Bars. You may then use these bars to create NFTs and QTM tokens and use them to provide collaterals in its DeFi lending protocol.
The QTM token is currently in its presale stage, a good time to hop on the wagon and get value for your investment. While we see the wonders of the token, Quitriam Finance will look to include a DAO governance token, CM, to allow staking and earning on its protocol.
A similar project to Quitriam Finance is the multichain protocol, Acranup (ACRN), which looks to include NFTs to be used in the metaverse.
There is so much about Quitriam Finance that meets the eye. You can see more about the platform or participate in its presales in the link below:
Quitriam Finance QTM
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