8 Best Metaverse Coins to Invest In June 2023

With so many different metaverse projects available today, it’s never been more important to invest in the best ones. Pick wisely and you can make 10x or more on your money, but poor quality projects can flop during crypto’s notorious winters.

We’ve picked out the top 8 metaverse crypto coins with the most potential to help you make the best investment decisions. Compare the leading lights with the latest projects to find the 8 best metaverse tokens to buy today.

1. Metacade (MCADE). The most popular metaverse token for 2023

Key details

• Symbol: MCADE
• Founded: 2022
• Market cap: $26,376,380
• Current price: $0.02
• Whitepaper

Metacade is a virtual gaming hub inside the metaverse where gamers can build and play games with a community of other blockchain enthusiasts. As well as building and competing against other players, inside the metaverse you can network, check out the latest GameFi projects, enter tournaments and access leaderboards.

Metacade is creating an entire economy around gaming inside the metaverse. You can simply play-to-earn inside the virtual gaming arcade, you can compete-to-earn in tournaments with other players, or you can build your own games and earn money from your creations. Ultimately, you might even be able to get a job through the metaverse.

There are already plenty of games on Metacade that you can play right away, including free-to-play games like Rune Realms and games still in beta like Gold Fever, which is also the first time a real economy has been made into a blockchain game.

Yet it’s still early in the Metacade journey, so there’s huge potential for the token to become one of the best metaverse crypto coins as the platform expands and develops. There’s plans to add purchasable land inside the metaverse and to create an arcade where the community can build and play its own games.

The MCADE token is the means of payment within the Metacade metaverse, but it’s also your ticket to enter prize draws and exclusive tournaments. In the next stage of the project’s development, it’ll be the way you buy land inside the metaverse.

2. The Sandbox. Best place to own land in the metaverse

Key details

• Symbol: SAND
• Founded: 2012
• Market cap: $718.71m
• Current price: $0.38
• Whitepaper

The Sandbox is a blockchain-based virtual world where users can create, own, and monetise their gaming experiences and virtual assets. It provides a platform for creators to build, share, and play games, as well as buy and sell virtual assets within The Sandbox metaverse.

The initial development of what became The Sandbox began in 2011 and it began life as a mobile game in 2012. It wasn’t until 2018 that The Sandbox team announced plans to develop a decentralised metaverse world powered by blockchain technology, a move that turned it into one of the top metaverse coins.

Nowadays, the modern version of The Sandbox emphasises user-generated content and play-to-earn mechanics, allowing creators to unleash their creativity and build unique gaming experiences, while earning rewards in SAND or other virtual assets by participating in the world. This enables a diverse and constantly evolving metaverse.

The metaverse is built using blockchain technology to ensure true ownership of virtual assets. The use of NFTs within The Sandbox enables creators and players to buy, sell, and trade assets securely through its native NFT marketplace, without the risk of duplication or fraud.

In 2022, The Sandbox partnered with major brands, including Atari, The Walking Dead, and Binance, to bring popular IPs and characters into the virtual world. Ongoing development has helped the metaverse to expand and attract a growing number of passionate creators and players, making SAND one of the most desirable metaverse coins out there today.

3. Decentraland (MANA). Most established virtual world with the biggest market cap

Key details

• Symbol: MANA
• Founded: 2017
• Market cap: $883.02m
• Current price: $0.47
• Whitepaper

Decentraland is a decentralised virtual world built on the Ethereum blockchain. It enables users to create, explore, and monetize digital content and experiences within a virtual reality environment. Decentraland uses blockchain technology to ensure true ownership and scarcity of virtual land and assets.

Decentraland is a detailed metaverse that incorporates land ownership, content creation, and an entire in-world economy based around the MANA token. The virtual metaverse world of Decentraland is divided into parcels of virtual land called LAND. Each LAND parcel is represented by a non-fungible token (NFT) on the Ethereum blockchain, allowing users to own, buy, sell, and trade virtual land securely.

LAND is at the centre of the whole ecosystem, and each user has the ability to purchase a piece of land within one of the Decentraland servers, then develop interactive 3D scenes and experiences on that land using a native scripting language called Decentraland SDK. These creations can range from art installations and games to virtual shops and social spaces.

All you have to do is create your own avatar to interact with the Decentraland metaverse. You can explore the various virtual environments, interact with other users, attend events, and participate in activities. You can also buy virtual land, assets, and services using MANA, or monetise your creations by selling or leasing them to other users.

Decentraland is governed by a decentralised autonomous organisation (DAO), called the Decentraland Foundation. Owning MANA entitles you to participate in the DAO’s decision-making process and influence the development and direction of the virtual world.

4. Metahero (HERO). Create yourself in the metaverse

Key details

• Symbol: HERO
• Founded: 2021
• Market cap: $15.39m
• Current price: $0.003
• Whitepaper

Metahero is a blockchain-based platform that mixes virtual and physical worlds. It combines computer vision, artificial intelligence (AI), and blockchain technology to allow users to create high-quality 3D digital replicas of real-world objects, known as “Metaheroes.” Each Metahero is an NFT, registered as a unique entity on the blockchain which can be used to make money in the metaverse. 

The Metahero vision of the metaverse is as an extension of our real world lives, so the Metaheroes are designed to create a connection between digital and real worlds. This extends even to your avatar: the Metahero avatars are meant to be realistic interpretations of the individual user and allow the metaverse to be a more immersive experience.

Each avatar can be used for various applications, such as virtual try-ons, gaming, e-commerce, and more. You have to go to a real world location to be scanned into the metaverse. And you must own HERO tokens in order to scan anything.

The HERO token is the main form of currency in the Metahero ecosystem. It’s the only way to pay for your avatar, access try-ons, and even to access some features within the metaverse.

5. Enjin (ENJ). Best gaming metaverse to own your own assets

Key details

• Symbol: ENJ
• Founded: 2009
• Market cap: $353.42m
• Current price: $0.35
• Whitepaper

Enjin is a blockchain platform that provides a suite of tools and services for creating blockchain-based assets into the gaming industry. Enjin allows game developers to incorporate decentralised ownership into their games, creating unique virtual economies and empowering players to earn money from their creations.

Using Enjin’s tools, developers can create digital assets inside a metaverse platform, such as in-game items, characters, or virtual goods, and tokenize them on the Ethereum blockchain as non-fungible tokens (NFTs). These features in some hugely popular games that run on the Enjin platform, such as Age of Rust, Forest Knight, The Six Dragons, and AlterVerse.

Enjin provides the infrastructure for storing, managing, and monetising these NFTs. The assets can be easily integrated and interoperable across different games and platforms within the Enjin ecosystem. All of these digital assets are backed by ENJ tokens held in reserve, which gives the assets real-world value, as they can be redeemed for the ENJ tokens they are backed by.

Enjin enables developers to design and implement virtual economies within their games, allowing players to own, trade, and monetize their in-game assets. The platform supports the creation of scarcity, rarity, and value for these digital items.

6. ApeCoin. Best metaverse coin with access to exclusive in-person events

Key details

• Symbol: APE
• Founded: 2022
• Market cap: $111.32m
• Current price: $4.15
• Whitepaper

ApeCoin is a cryptocurrency that was created to empower the community of the APE ecosystem, which originated from the Bored Ape Yacht Club (BAYC) range of NFTs. It’s used for Otherside, an online multiplayer role playing game inside the metaverse. You can use APE to buy virtual land in the Otherside metaverse.

The BAYC’s range of NFTs, famous for their ape-like appearance, took the world by storm when they were popularised by celebrities like Justin Bieber, Steph Curry, and Jimmy Fallon. Bored Ape NFTs were changing hands for hundreds of thousands of dollars in late 2021, which prompted the creation of a unique APE cryptocurrency in 2022.

ApeCoin serves multiple purposes within the ecosystem. Firstly, it enables token holders to participate in the decision-making process through the ApeCoin DAO, where they can collectively vote on governance issues such as fund allocation, rule framing, partnerships, and project selection. 

Secondly, ApeCoin grants holders access to exclusive features of the ecosystem, including games, events, merchandise, and services. Lastly, ApeCoin can be used as a transactional currency, allowing for payments within the ecosystem and potentially with third-party developers who incorporate the token into their services, games, and projects.

7. Axie Infinity. Play-to-earn in the metaverse

Key details

• Symbol: AXS
• Founded: 2018
• Market cap: $575.71m
• Current price: $4.91
• Whitepaper

Axie Infinity is a blockchain-based game that combines elements of strategy, collectibles, and blockchain technology. It features cute and unique creatures called Axies, which players can collect, breed, battle, and trade, and a pioneering play-to-earn (P2E) model.

Play-to earn means that players can earn in-game rewards and cryptocurrencies (AXS and SLP tokens) by playing the game and participating in battles. These rewards can be sold or used to acquire more Axies, creating opportunities for income generation.

The Axies themselves are non-fungible tokens (NFTs) based on the Ethereum blockchain. Each Axie is represented as an NFT, giving players control over their digital assets. Players can buy, sell, and trade Axies on the marketplace, creating a vibrant virtual economy.

The value of Axie Infinity’s native token, AXS, experienced a significant surge in 2021, reflecting the game’s growing user base, the popularity of its P2E model, and its prominence in the blockchain gaming industry. It has continued to introduce new features and game modes, and innovate within the blockchain gaming space, ever since.

8. Star Atlas (ATLAS). Dive into the most futuristic metaverse

Key details

• Symbol: ATLAS
• Founded: 2020
• Market cap: $15.44m
• Current price: $0.001
• Whitepaper

Star Atlas is a virtual world and gaming metaverse that combines elements of space exploration, strategy, and blockchain technology. It offers a decentralised gaming and economic ecosystem set in a futuristic sci-fi universe.

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The game features various gameplay mechanics, including space exploration, trading, resource management, and strategic battles. Players can own and pilot spaceships, build colonies on planets, and engage in player-versus-player (PvP) or player-versus-environment (PvE) activities.

Star Atlas leverages blockchain technology, specifically the Solana blockchain, to ensure secure ownership and trading of in-game assets. NFTs represent spaceships, land parcels, items, and other virtual assets, allowing players to buy, sell, and trade them on the integrated marketplace.

These assets combine to create a thriving in-game economy driven by player interactions, resource management, and trade. The ATLAS token is also a governance token, allowing players to participate in decision-making processes and shape the evolution of the virtual world.

Cryptocurrencies that are used for transactions within any of the virtual online worlds that are collectively known as the ‘metaverse’. There are a large variety of metaverse crypto coin projects, and they all have some form of crypto token that serves as money within that virtual world.

Metaverse crypto coins can serve as in-game currency for metaverse gaming, the underlying currency for a particular virtual world, a means of payment for digital collectibles, or one of many other purposes. 

Each digital world usually has its own token, so you’ll find that metaverse platforms like Decentraland and The Sandbox have their own cryptocurrency which you can use to buy land and other items within that world. Then individual projects based in that world may also have their own metaverse cryptocurrencies which you can use to mint or buy NFTs, tip creators, buy plots of virtual real estate, or use for other purposes.

There are more than 200 cryptocurrencies that describe themselves as metaverse crypto coins. These include broad metaverse platforms, metaverse games, or entertainment products that include a metaverse project as part of their overall offering.

The overall metaverse market was worth $62 billion in 2022 and $82 billion in 2023, expected to rise north of a trillion dollars by 2030. That means there’s huge potential for top metaverse coins to become extremely valuable over the next decade. Picking the best metaverse crypto projects could ultimately help you make a lot of money.

The key to any successful metaverse coin is a unique idea combined with potential. A lot of the technology that drives the metaverse is still in its infancy, so you need to imagine what a project will look like a few years down the line.

Here is a checklist of ways to find that potential and identify the top metaverse tokens.

• Use social media and crypto news sites to find new projects. Twitter and Telegram are great places to hear about new metaverse crypto projects, investment opportunities and to discover metaverse cryptocurrencies that have a thriving community around them already.
• Read the whitepaper. All metaverse projects have a whitepaper and you should read it to understand what’s unique about each particular metaverse. Look at the tokenomics, as that can be a clue as to whether the metaverse crypto coins are going to make for a good investment. What is the token used for? Is there a cap on supply? How does the project create value in the coin?
• Look for existing communities and early adoption. For any metaverse crypto coin to increase in value, people need to use the world it’s associated with. Most of the time, the tokens are used to purchase things inside the digital world, so you want to find a growing community of users and a project where there’s incentive to own the coin, such as the ability to buy scarce land, own in-game items, or gain access to exclusive events.
• Find presales and airdrops. If you identify a project in its early stages then you can sometimes get free metaverse coins in airdrops or cheaper tokens in presales. There are ways to access these exclusive drops. For example, if you owned a BAYC NFT you would have been given ApeCoin tokens for free as part of the presale.
• Use technical analysis and indicators. The best metaverse coins are an investment, so you can use technical factors to identify tokens that might be about to increase in value. This is a particularly good idea if you’re more interested in short term trading rather than buying and holding coins for the long term.

Where to buy the best metaverse coins

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To invest in the best metaverse crypto coin projects you need an account with a crypto exchange. From there, it takes just a few minutes to buy your first coins. Use this guide to help you through the process.

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