Crypto who has no affiliation with the metaverse recently attracted many more in recent years, including Axie Infinity (AXS), Decentraland (MANA), Sandbox (SAND), Enjin Coin (ENJ) and Render Token (RNDR).
To note, the metaverse is a virtual world that allows users to socialize, shop, work, seek entertainment and so on. Crypto assets are rumored to be a means of payment in the world.
Quoting from CoinGecko, there are five cryptocurrencies that are the most talked about because of their relationship to the metaverse. First, Axie Infinity (AXS) which skyrocketed by 24 thousand percent in the last year.
Axie Infinity is an Axie farm simulation game and competes with other players for token rewards.
Axie tokens, namely AXS and Smooth Love Potion (SLP) can be exchanged into fiat money. This makes Axie Infinity attract the interest of many people, especially during the pandemic. A number of players are making money to cover economic losses due to COVID-19.
Second, Decentraland (MANA) is a three-dimensional virtual reality platform that can be visited. Users only need a web browser to be a guest in this virtual world.
In this crypto game, players can buy land lots using MANA tokens. Some users use the land to build rooms and games, such as restaurants, casinos and mazes.
In addition, Decentraland residents can also attend concerts ranging from Deadmau5 to Paris Hilton who have held concerts in the virtual world.
Third, Sandbox (SAND) is similar to Decentraland where players can buy land that is free to use for anything. The difference is, Sandbox has not fully launched the virtual world to the public.
However, Sandbox has more customization and focuses on creating NFTs. Users can create their own NFTs and then trade them. In addition, Sandbox has a partnership with the NFT marketplace OpenSea.
Fourth, Enjin Coin (ENJ) is a platform where users can create and manage NFTs. ENJ integrates with a number of gaming platforms and allows users to use items in multiple games at once.
For example, the swords in previous games were limited to only one game. With ENJ, the sword can be traded or transferred to another game. This means that the item becomes the complete owner of the player.
Fifth, Render Token (RNDR) is a decentralized infrastructure that utilizes computing power to render or render digital content.