Metaverse, NFT, and Web 3.0 have taken the world by storm. They are leading every sector you could think of, not just blockchain and cryptocurrency. The advent of metaverse has definitely steered 2022 into a completely different direction. From various brands collaborating to drop their NFTs to Microsoft purchasing Activision Blizzard to rule the gaming sector of Metaverse, it’s just everywhere. We knew Metaverse is the future of the internet when Mark Zuckerberg made the grand move of rebranding Facebook as Meta.
Although a lot of businesses are booming in the metaverse, the real interest of any crypto enthusiast and investor is at the top metaverse crypto coins that shall outperform the others. But before we dive deep into the top 10 metaverse coins 2022 by market capitalization, let us first understand what Metaverse is and why it has become this valuable in such a small time span.
What is Metaverse?
The Metaverse is a virtual reality space constructed from the real world. It is a shared virtual platform allowing users to interact with things having a close resemblance to real-world entities. Users can play video games, interact with one another as one does physically, watch movies, hang out or even shop while in Metaverse.
This is done by a combination of two technologies Virtual Reality (VR) and augmented reality (AR). Metaverse has started to strengthen its roots as retail brands such as H&M along with other tech giants have started to put substantial interest in the same. But how different is metaverse from the internet we use today?
Metaverse shall allow the users to remain anonymous while they connect more conveniently and in a realistic manner. It will protect the privacy of the users along with providing an interactive interface like never before.
Additional Read: Best Metaverse Projects 2022
Top 10 Metaverse Coins 2022 by Market Capitalization
Since, now you know what exactly is metaverse, as an investor you must also have knowledge about the top 10 metaverse coins 2022 by market capitalization. Here is a detailed list that one must consider before purchasing any metaverse token.
| Coin Name | Decentraland(MANA) | Theta Network (THETA) | Axie Infinity (AXS) | The Sandbox (SAND) | Enjin Coin (ENJ) | WAX(WAXP) | SushiSwap (SUSHI) | Ontology (ONT) | Chromia (CHR) | Ultra (UOS) |
| About | Decentraland is a virtual reality platform letting users to experience, create and monetize content. Users can purchase plots of land to build upon, or monetize. | Theta mainnet functions as a decentralized network where users can share their computing resources, and bandwidth on a peer-to-peer level. | Axie infinity is a blockchain based battling and trading game partially owned by the users. | The Sandbox is a blockchain based virtual world. where users can create, buy, build and sell digital assets in the form of a game. | Enjin coin is the native token of Enjin that allows an interconnected ecosystem of blockchain based gaming products. | It is a purpose built blockchain to make e-commerce transactions simpler, faster and safer for all the parties involved. | SushiSwap is an Automated market maker (AMM) that uses smart contracts to create markets for any given token pair. | Ontology is a blockchain based open source and high performing ecosystem that specializes in data and digital identity. | Chromia is an open source public blockchain whose technology has been adapted from an earlier technology called Postchain. | Ultra is a blockchain based PC game distribution platform for gamers and game developers. |
| All time high 2021 | $5.90 | $15.90 | $165.37
. |
$8.44 | $4.85 | $5.01 | $23.38
It is an. |
$11.18 | $1.50 | $2.46 |
| Consensus | Ethereum Smart contract | Multi-level BFT (New form of PoS) | Proof-of-work | Proof-of-stake | Proof-of-work | Delegated proof-of-stake (DPoS) | Decentralized exchange (DEX) | Consensus management smart contracts | BFT (Byzantine fault tolerance) | Delegated proof-of-stake (DPoS) |
| Token type (native/non native) | Native (ERC-20) | Native | Native (ERC-20 governance token) | Native | Native (ERC-20 token) | Native | Native | Native | Native | Native |
| *Supply | 1,824,504,335 MANA | 1,000,000,000 THETA | 60,907,500 AXS | 925,054,385 SAND | 853,576,206 ENJ | 1,915,537,495 WAXP | 127,244,443 SUSHI | 875,249,524 ONT | 567,369,439 CHR | 282,752,124 UOS |
| Top use cases | It is built for businesses, content creators and individuals looking for a business opportunity, artistic medium or entertainment. | Theta is a blockchain powered network built for video streaming. | Each axie acts as an NFT possessing 6 out of hundreds of different potential body parts that can be exchanged for real world money | It is a unique platform introducing blockchain to the gaming world. | ENJ provides real-world liquidity to the in-game tokens. | WAX has a WAX-to-Ethereum (ETH) bridge allowing WAXP token holders to convert those into WAXE, an Ethereum based ERC-20 utility token. | AMM, through which trading liquidity is set up automatically between any two crypto assets. | Offers a variety of real life use cases and lets businesses build their customized blockchain suitable to their needs in terms of privacy, governance and functionality. | Chromia serves as the decentralized storage layer for applications such as DeFi options trading platform, to open world farming game My Neighbor Alice. | It allows gamers to resell their used game items and earn money through participation in Ultra apart from buying and playing games. |
| *Market cap | $3,785,744,897 | $2,902,502,375 | $2,874,887,629 | $2,775,178,457 | $1,264,920,044 | $547,236,312 | $522,898,591 | $389,490,845 | $281,784,462 | $275,248,000 |
*All Prices latest by January 27, 2022 (12:30 PM).
Source: CoinMarketCap
Additional Read: Mana vs Sand
Summing it Up!
It’s true that there is never a dull day in the crypto market. Every day there’s something new happening in the space blowing our minds. If you are still unknown to the buzz around the metaverse, rest assured, it will keep you on your feet. This list was created after extensive research however we always advise all the investors to do their own research (DYOR). The cryptos listed in this article must be considered before making a purchase of a metaverse token. Always research before investing.
Stay updated with the latest crypto news and educational information around the crypto space with CoinDCX Blog. Begin your crypto journey today with CoinDCX, India’s Safest and simplest cryptocurrency investment app. If you are looking for a space to buy any of the above-listed metaverse coins don’t forget to check out our CoinDCX App, designed for simplicity and built for safety.
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