Top Metaverse Projects by Market Cap in 2022!
Imagine an endless world encompassing both physical and virtual. This is what is termed the Metaverse — the rise of the unique technology and what it holds for the future. Metaverse coins are without a doubt the most important sector in crypto at the moment. Dozens of new projects are launched every day and several Metaverse coins have seen massive price increases. This article focuses on the top Metaverse projects considering their respective market cap.
Metaverse In Simple Terms
Imagine a universe that isn’t bound by the physical realities of your life. You may relax, work, play, and connect with individuals from all around the world in this parallel reality. You can make unique arts, go to parties even amass a great fortune. You can achieve anything your imagination allows. As it stands the metaverse isn’t some far-reaching fantasy and cryptocurrency is the key to gaining access to it (read more about the basics of metaverse here). This essay will share a long-term investment list of prospective currencies focusing on Metaverse, NFTs, and Gaming based on market cap.
High Market Cap Metaverse
Here are some of the key advantages and disadvantages of the metaverse projects with high market cap:
1. The Sandbox
Reasons to buy
✅ SoftBank is a backer
✅ Products offered
✅ Lets users play, create, own, and govern virtual metaverses
✅ Active team members and community
Reasons to avoid
⛔ Runs on the Ethereum blockchain
⛔ Ambiguity in decentralization
⛔ Economic restriction
2. Decentraland
Reasons to buy
✅ Widely available
✅Constant upgrades
✅The Security Advisory Board backs community governance of Decentraland
✅ Hosted celebrity-filled music festival
Reasons to avoid
⛔Runs on Ethereum blockchain
⛔There are many potential competitors
3. Enjin Coin
Reasons to buy
✅ Widely available
✅ Well established
✅ Hosted celebrity-filled music festival
Reasons to avoid
Runs on Ethereum blockchain
⛔ ENJ does not have any physical backing regarding assets, profit, or commodity
⛔ The crypto wallet offered by Enjin is not open-source
Final Remarks
The metaverse offers us a glimpse into a future that is based on blockchain technology. With current financial systems stressing and some subduing to cryptocurrency for its store of value and trust-less security. Never fear the Cryptologi.st is here to offer insights toward all your desired cryptocurrency info within this space. Strap on your headset and join us there in the future!
