This report contains an exhaustive list of tokens that can get you in the game of buying virtual lands for future profits. While some still argue that the metaverse is an illusion, which we refuted in another article, perhaps buying the tokens attached to certain metaverses might be a better gamble than buying land in the metaverse itself.
This article has broken down the tokens into 3 parts. In the first instance, we have the blockchain/exchanges tokens which help to facilitate land purchase transactions in the first instance.
We also have the tokens of the different metaverse lands which are selling the most lands at present.
And lastly, we have tokens of the top 10 companies in terms of market cap since the market cap is usually a health guage of any token.
At the end of this token, you would have been given great pointers in exactly where to put your money to and particularly, in which industries you should be eyeing.
Tokens issued by Blockchain TechnologExchanges Relateded to Metaverse land
1. Ethereum (Eth)
A blockchain or chain of blocks is a tech built on cryptography which uses a consensus rule to determine which computer rule gets to execute a smart contract. Now, while I understand that this could sound complicated, just see the blockchain like the normal internet.
The presence of that internet now allows a whole world of other things like emails, streaming, calls, etc. to be made. The presence of the blockchain is now what is allowing decentralized apps to be built.
The Ethereum is a blockchain technology used in the cryptocurrency world. But how does this tie into our metaverse land and why should you invest in the ether (the token of the Ethereum network)?
Because of its wide adoption, most companies that build metaverse land allow you to trade real estate using their coin OR the ether. The implication is that the notoriety of the Ethereum network will only continue to grow as emerging landscapes like the metaverse are built right on the Ethereum network.
A blockchain is made up of nodes and these nodes are what your computer connects to and keeps records of transactions on the network. Thousands of these nodes essentially make up the block chain.
Now, let’s say you want to build an app on the Ethereum network. You will need build your app on your local computer and test it. However, when you want to deploy that app on the Ethereum network, you will need to connect to a node. Well, good luck with that. Because it will take you weeks to connect to figure out that node especially if it is a full node. Even if you figure it, maintaining the node is an issue, and to add to the complexity, you might need more than one node.
Enters Alchemy! They maintain the node for you and give you api endpoints so you can easily access a blockchain network.
Now, Alchemy itself doesn’t own a token YET. But they have entered the Metaverse Real Estate Investment landscape. What this means is that they will be launching their own TOKEN. We will keep you updated on this when they do.
Alchemy is a massive company that has names like Keisuke Honda, Will Smith, and Jay Z as investors. You should know by now that Jay Z certainly knows how to mint money.
Note: No not confuse it for the Alchemy Pay Token. They are not related at all.
3. BOTS Inc
BOTS, Inc. is a global technology firm. The company focuses on robotics, Blockchain-based solutions such as decentralized financial applications, cybersecurity, crypto generation, mining, equipment repair, and extended warranties on Bitcoin mining equipment.
BOTS Inc. has now moved into the virtual land space by throwing their hat into the Metaverse Real Estate Investment Trust space. They now plan to launch their MREIT under the name REIT.MV™. BOTS Inc. will mint a specialized token (REIT.MV token) which will be listed on several crypto exchanges.
Wait for this announcement, this article will be updated accordingly.
4. PancakeSwap (CAKE)
PancakeSwap is a decentralized exchange built on the Binance Smart Chain, and not the Ethereum network (we can go in on this but that’s not the point of this article).
The main question is, how does this tie back to the metaverse? Well, it turns out that a particular Metaverse Real Estate Investment Trust (MREIT) called the MetaSpace Real Estate Investment Trust (MREIT) launched on PancakeSwap, an exchange that is already doing $2B in trades per day.
Holding the CAKE token looks like a no brainer. What this all points to is that the CAKE token’s usage has expanded into the metaverse.
Tokens of the coins itself
1. Decentraland (MANA)
This metaverse, owned by the aptly named Metaverse Group, is a place where virtual land can be bought. Now, there are 90,601 parcels of land that you can buy on the platform. Every one of those parcels is in the form of an NFT called “LAND.”
Decentraland is built on the Ethereum network, which ties back to the first point where I mentioned that buying and holding the Ethereum token called “ether” is a very good way to invest in the metaverse.
However, Decentraland also has its own token called the MANA. This is the currency that is used to make purchases on the platform. As we speak, one MANA is the equivalent of $5, and this will increase with time.
So, you want another metaverse land token to hold? There you go, buy the MANA.
2. Upland (UPX)
The metaverse called the Upland is built on a block chain called the EOS block chain. Upland is a game where you play and acquire plots of land.
Now, they have a token that is fungible and that you can purchase with fiat currencies. That in-game token is called the UPX.
So, the UPX is not a cryptocurrency token, and its use is limited to inside the game. But does that mean you can’t make money with this token? Of course not! The way you will be able to make money on upland takes a few forms.
You can buy the land right now and its value increases in the years to come and you sell and get back your fiat currency. You can also rent the space. There is a feature on upland called the explorer, if other people come to explore my building, I charge them 5 to 50 UPX.
It should be noted, however, that the UPX currently exchanges at 1000 to 1 USD (this may change). Buy and hold some UPX, you never know what will happen in 5 years from now.
3. Sandbox (SAND)
The sandbox is owned by Pixowl, who wanted to leverage the blockchain technology in gaming. They have also now moved into the virtual real estate world.
Their token, called the “SAND,” trades at around 1 sand to 5USD. There are 3billion sand tokens created, and it will be used up at sometime in the future.
Why you should seriously consider the sandbox is that it has raised $93M in November of 2021 by the SoftBank vision fund.
We all know that Softbank usually knows where the money is. Let’s assume you are not sold on the SAND token. The sandbox is powered by the Ethereum network, so buy some ETH at least.
4. Somnium (Somnium Space Cubes)
Built on the Ethereum network, somnium allows you to buy virtual land as well as build and import objects via the use of its token called Somnium Space Cubes.
Lands on Somnium currently listed could get pricey, and the cheapest listed will set you back 3.5Eth.
Tokens of metaverses based on market capitalization
The market cap is a measure of how healthy a token is performing and if there is a growth potential for it relative to others. Although, the metaverse is relatively small and this figure can swing and change this top 10 list.
For now, these are the better performing metaverses with their corresponding tokens that you can hold.
- Axie Infinity (AXS)
- Theta Network (THETA)
- Enjin (ENJ)
- WAX (WAXP)
- Render Token (RNDR)
- SushiSwap (SUSHI)
- Ontology (ONT)
- Illuvium (ILV)
- Ultra (UOS)
- Vulcan Forged PYR (PYR)