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The Metaverse is a high-growth industry that is set to play a major role in the future of web3, alongside other emerging technologies like crypto and blockchain.
In this market insight, we reveal the best metaverse coins to invest in 2023. Read on to learn about the new metaverse crypto craze and how to gain exposure to this niche market.
List of the 7 Best Metaverse Crypto Projects
Here’s a list of the seven best metaverse crypto coins for future growth potential:
Meta Masters Guild – Overall Best Metaverse Crypto to Buy in 2023
Fight Out – Metaverse Technology Meets Move-to-Earn Rewards
RobotEra – New Metaverse Crypto Project with Cool NFTs and PVP Games
Calvaria – Play Battle Card Games in the Metaverse and Earn Crypto Rewards
Tamadoge – Mint, Breed, and Battle Pets in the Tamaverse
ApeCoin – Popular Crypto Token Backing The Otherside Metaverse
Decentraland – Established Metaverse World With Top-Performing Crypto
An In-Depth Look at the Best Metaverse Crypto Projects
The metaverse can be a complex area to fully understand at first glance. As such, when searching for the best metaverse crypto projects, it is wise to spend ample time researching each investment proposition.
In the sections below, we discuss some of the best metaverse coins to invest in for 2023, albeit, investors should conduct their own due diligence.
1. Meta Masters Guild – Overall Best Metaverse Crypto to Buy in 2023
The first project that we will explore from our list of the best metaverse crypto to buy is Meta Masters Guild (MEMAG). This particular metaverse project is focused on the future of mobile gaming. The MEMAG metaverse is a new-age guild, meaning that it hosts cutting-edge games from third-party developers.
MEMAG only works with the best metaverse gaming developers in the industry and three games have already been given the go-ahead for release in 2023. Not only will the MEMAG metaverse offer immersive experiences for keen gamers, but each title will follow the play-and-earn concept.
As the name implies, this means that players can earn crypto rewards when playing MEMAG games. Whether it’s racing games or role-playing explorations, MEMAG rewards offer the equilibrium between earning and enjoyment. Not to mention that all games can be enjoyed on a standard smartphone, which opens up its guild to billions of people from around the world.
When playing MEMAG games, rewards are distributed to players in the form of GEMS. This is a crypto token built on the Ethereum blockchain that is unique to Meta Masters Guild. GEMS can be converted into MEMAG tokens or used to buy NFTs from the metaverse store. MEMAG also enables users to stake their tokens via a secure blockchain pool.
This feature will appeal to those that wish to invest in the metaverse long-term, as MEMAG staking offers passive income for as long as the tokens are locked away. Alternatively, MEMAG can be exchanged for ETH or USDT, and then swapped for fiat currency at a suitable exchange. This ensures that players can convert MEMAG rewards into real-world money.
To invest in this metaverse crypto coin today, MEMAG is in the midst of its presale. This could be one of the fastest-growing presales of the year, considering that in just two weeks, stages one and two have already sold out. As of writing, stage three is offering a presale price of $0.013 per MEMAG.
This is a progressive presale campaign, meaning that price increases after each individual stage. The next stage, for instance, will increase to $0.016. MEMAG is also offering a $100k giveaway, with the draw taking place after the presale. There are multiple ways to secure entry into the giveaway, such as by joining the MEMAG Discord or following the project on Twitter.
2. Fight Out – Metaverse Technology Meets Move-to-Earn Rewards
The metaverse is not a single entity and as such, there will be plenty of core providers in this space in the coming years. As such, we also like Fight Out as one of the best metaverse crypto for 2023. While MEMAG could well dominate the gaming space, Fight Out is building a metaverse world that is aimed at fitness.
That is to say, the Fight Out metaverse will incorporate a move-to-earn concept that rewards members of its subscription service with crypto tokens. This means that whether it’s a slow jog or a one-hour game of tennis, Fight Out members will receive tokens based on the extensiveness of each workout.
Before beginning an exercise and subsequently tracking movements, users will need to create their own avatar in the Fight Out metaverse. The avatar created by a user will be unique and subsequently backed by an NFT. This is a soulbound NFT, however, meaning it cannot be transferred.
Instead, the purpose of the avatar is to represent the user’s journey throughout the Fight Out metaverse. In order to access the Fight Out metaverse, users will be required to download the app and log into their accounts. Once everything is set up, all that is left is for the user to begin working out to earn rewards – which are paid in REPS.
REPS is the in-app currency that rewards fitness regimes. REPS can be converted into the primary Fight Out token, FGHT. Or, REPS can be used to buy in-app items such as cosmetics and power-ups. Fight Out is working on an innovative way to connect the real world with the metaverse.
It will do this by partnering with a range of local and international fitness brands and gyms. In terms of the upside potential, Fight Out is one of the best metaverse crypto for 2023. The reason for this is that FGHT tokens can be bought during the presale right now at a 50% discount. This discount is based on the first CEX listing price.
3. RobotEra – Limitless Metaverse Worlds With Custom Creations and Virtual Land Ownership
We found that RobotEra is one of the best metaverse tokens for securing land ownership. This is because, within the RobotEra metaverse, all plots of land can be purchased. Similar to the traditional real estate markets, RobotEra land will come with various plot prices, depending on the location and the size.
Nonetheless, after purchasing a plot, the user will take full ownership. This is possible through NFTs, which are stored on the blockchain. The RobotEra whitepaper explains that users can do whatever they see fit on the plots of land that they buy. For example, building a home, restaurant, stadium, hotel, beach, and more.
The possibilities are endless. Moreover, as each plot of land is backed by NFTs, users can elect to rent or even sell their virtual real estate creations. When buying and selling land – and any other virtual product from within the RobotEra metaverse, transactions are processed in TARO. This is the native token that backs RobotEra and it is currently available on presale.
TARO tokens can be earned and accumulated in the RobotEra metaverse in many different ways. This includes hosting events, staking, land management, and playing games. Not only that, but the entire RobotEra metaverse will be decentralized and subsequently operated via a DAO. This means that changes, enhancements, and improvements must first go to a vote.
RobotEra is arguably the best crypto for metaverse investment for both short and long-term traders. Short-term traders will appreciate the immediate upside that the RobotEra presale is offering. For instance, stages one and two of the presale are priced at $0.020 and $0.025 respectively. This means that stage one investors have a 25% upside.
For long-term investors, RobotEra and its TARO tokens will be listed on crypto exchanges after the presale at a modest market capitalization. Considering that the metaverse concept is still in its infancy, there is plenty of upside potential for buy-and-hold investors to target. Do note, however, that the RobotEra presale is selling fast.
Users can then look to monetize their creations from rental agreements with other RobotEra players. For instance, renting rooms in a virtual hotel on a per-night basis. RobotEra will also create a fun and safe environment for users to enjoy games that are not hosted elsewhere. In fact, users even have the ability to create their own games.
Once again, this presents an opportunity to generate income in the RobotEra metaverse. Each and every transaction in the RobotEra metaverse will be conducted in TARO tokens. This is the ERC-20 token that is unique to the project. Not only is TARO the most promising new cryptocurrency, but the ongoing presale is still offering a sizable discount for early investors.
4. Calvaria – Play Battle Card Games in the Metaverse and Earn Crypto Rewards
Hardcore gamers in the market for play-to-earn opportunities might view Calvaria as one of the best metaverse projects in 2023. More specifically, Calvaria is bringing classic battle card games to web3, inclusive of the metaverse, crypto, and blockchain.
The Calvaria metaverse will be accessible via both mobile and desktop devices, and comes jam-packed with earning opportunities and incentivization. Although there is a free-to-play mode, players will not be able to earn crypto rewards. Instead, players will first need to mint a series of NFTs, each of which will represent a battle card.
There will be fully immersive experiences in the Calvaria metaverse, including story modes, 3D characters, and battles. The latter is where players have the chance to win RAI tokens, which is the in-game currency fueling the Calvaria metaverse.
When earning RAI, players have many ways to spend their tokens. This includes buying new battle card NFTs, upgrades, enhancements, entering tournaments, and wagering contests. Alternatively, players can swap RAI for another cryptocurrency like ETH, and cash the funds out. Either way, the Calvaria ecosystem is sustainable and self-sufficient.
Investors with the view that Calvaria is one of the best metaverse cryptos for 2023 can access RAI tokens today via the presale launch. There are 10 stages in the presale and the first four have already sold out. 95% of stage five has been purchased, so there is still time to secure a low entry price before there is another increase.
Another thing to note about this exciting metaverse project is that it has already secured some notable partners. As per the Calvaria website, this includes the likes of Kucoin, LBank, BKEX, Changelly, Polygon Studios, and Chainplay. Moreover, Calvaria notes that its metaverse gaming world has already been discussed in Yahoo, Benzinga, and Digital Journal.
5. Tamadoge – Mint, Breed, and Battle Pets in the Tamaverse
One of the best new metaverse crypto projects to keep an eye on is Tamadoge. There are many elements to this innovative metaverse, many of which focus on its play-to-earn pet game. To get started, players will mint an NFT which will subsequently generate a virtual pet. Each Tamadoge pet is unique and backed by the Ethereum blockchain.
The randomness of the minting process means that each Tamadoge pet comes with various traits. Rarer traits generally provide players with greater advantages within the game, especially when it comes to battles. Players can also breed two of their Tamadoge pets at the click of a button. This will create a new pet, with the rarity of its traits dependent on its parents.
What we really like about Tamadoge is that it is building its own metaverse concept, known as the ‘Tamaverse’. Players can enter the Tamaverse to help care for and feed their virtual pets, not to mention engage in training for upcoming battles. By pitting a virtual pet against other users, players can take advantage of the play-to-earn mechanism found within the Tamaverse.
Put simply, should the virtual pet win a battle, the respective owner will receive rewards. The in-game currency within the Tamaverse is TAMA, which is an ERC-20 token. TAMA can be swapped for another cryptocurrency or used to purchase pet upgrades and enhancements. Any in-game purchases are owned by the player and once again – backed by NFTs.
Unlike the other metaverse crypto coins we have discussed so far, Tamadoge has already completed its presale and as such, TAMA is trading on a variety of exchanges. The Tamadoge presale was one of the largest fundraising campaigns last year, collecting over $19 million from investors.
Based on current pricing action, TAMA could be one of the best metaverse coins to buy. Not only does TAMA have a market capitalization of just $17 million as of writing, but it is trading at just a fraction of its previous all-time high. This offers a notable upside without metaverse investors needing to risk large amounts of capital.
6. ApeCoin – Popular Crypto Token Backing The Otherside Metaverse
ApeCoin is a popular metaverse token that is backed by Yuga Labs. This is the development company that launched the hugely successful NFT series – the Bored Yacht Ape Club. Yuga Labs has since taken things to the next level by beginning the development of its metaverse world – The Otherside.
Although still in development, The Otherside will enable users to socialize, explore digital worlds, and purchase plots of land. There are limited plots available that will be released incrementally as the work on the metaverse progresses. Nonetheless, ApeCoin has real-world utility in this regard, as this is the crypto asset required to purchase land in The Otherside.
With that said, those in possession of a Bored Yacht Ape Club NFT already have access to the metaverse and the ability to buy a plot. This is also the case for holders of a Mutant Ape NFT. ApeCoin, as of writing, holds a market capitalization of just over $2 billion. Although this is significantly more than the likes of MEMAG, there is still plenty of room for long-term growth.
7. Decentraland – Established Metaverse World With Top-Performing Crypto
Decentraland is perhaps the best-known metaverse project in the world of crypto and blockchain technology. This established project is already open to the public, with many thousands of daily active users. Decentraland enables users to explore the metaverse universe and socialize with others in an anonymous way.
This is because users are represented by their own custom avatars. There are limited wearables when getting started, but avatars can be upgraded through in-game purchases. Just like RobotEra, Decentraland also supports virtual real estate ownership. Due to the ever-growing popularity of this project, plots of land are becoming pricey.
In fact, some plots have sold for more than a million dollars, albeit, this was at the height of the previous bear market. Decentraland is backed by the MANA token, which is one of the best-performing metaverse coins of all time. MANA was trading at just $0.025 in 2018 and as of writing, is worth $0.72 – growth of 2,800%.
What is Metaverse Crypto?
All of the top metaverse projects discussed today have one metric in common – they are each backed by a crypto token. The best metaverse crypto coins – such as MEMAG and Fight Out, have created tokens with real-world utility.
In the case of MEMAG, this includes the ability to earn crypto rewards in the metaverse simply for playing mobile games.
From an investment perspective, however, metaverse crypto coins offer exposure to the growth of a new project. For instance, by purchasing FGHT tokens during the ongoing presale, investors have a financial stake in the future success of Fight Out.
In some cases, metaverse crypto coins can also be used to purchase virtual plots of land and real estate.
Why Should You Invest in Metaverse Coins?
Investing in the metaverse offers no guarantees of financial success. However, if the projections are correct, this industry could be worth more than a trillion dollars in the next decade.
The reason for this is that the metaverse will enable people to bridge the gap between the ‘real’ and ‘virtual’ worlds, without needing to leave the comfort of home.
For example, the Fight Out metaverse will enable people from all over the world to work out and subsequently generate FGHT tokens through a move-to-earn concept. Similarly, two unknown individuals could effectively compete in a 10km treadmill race in the Fight Out metaverse, in a fully immersive but virtual setting.
This is just one example of many. The key point in the metaverse is an emerging technology that is only just developing. As such, by building a portfolio of the best metaverse coins to invest in today, there could be some serious upside in the coming years.
This is known as the early-mover advantage, meaning that gaining exposure to a new industry and concept before the wider market catches on can often be a very profitable endeavor.
The metaverse is still in its infancy and as such, this enables investors to secure an early-mover advantage of the broader market. This is especially the case during the current bear market, where metaverse coin valuations have declined.
With that said, there are many new metaverse crypto coins to target right now – some of which are still available at presale prices.
Meta Masters Guild, for example, is a brand-new metaverse project that is bringing mobile games to the play-and-earn and web3 spaces.
This metaverse project is offering its MEMAG token right now at a major presale discount, before listing on exchanges for trading.
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