* Metaverse crypto coins are tokens used to facilitate transaction on the decentralized web.
* They are the most important piece in ushering in a Web3 future.
The Metaverse is a broad blockchain subcategory that aims to link the virtual and real worlds. This means that a user on a metaverse will be able to perform all activities they can perform in the real world.
The metaverse is not a single entity. The same way we have many websites on the internet, is the same way we can have many metaverses. They are simply destinations on the decentralized web, popularly referred to as Web3.
Each metaverse project comes with its own token/cryptocurrency, which is used to conduct transactions inside that ecosystem. Some even have multiple tokens.
Although this is still early days, we already have tens of metaverse crypto coins listed on popular exchanges. They are made for different purposes and serve different needs.
As a novice investor, it is almost impossible to filter out the noise and make a profitable bet. That’s where we come in.
In this article, we’ll look at 5 promising metaverse coins with a market capitalization below $200 million.
5. Biswap (BSW)
Biswap, created in 2021, is the most popular decentralized exchange (DEX) on the Binance smart chain (BSC) network.
It aims to facilitate the exchange of Bep-20 tokens, mining liquidity, and yield farming. According to the company’s official white paper,
Biswap aims to become a benchmark for DEX platforms. We want to take up the mantle of becoming the leading DEX platform on the market for token swaps.Biswap documenation
The Biswap exchange’s native token, BSW, is a BEP-20 token that benefits both the platform and its users. Holders of BSW tokens can participate in decision-making.
Biswap distinguishes itself from other DeFi networks by allowing users to swap their tokens for free. Furthermore, individuals can earn additional Tokens by just trading and participating in the site.
BSW is now trading at $0.63, with a 24-hour trading volume of $60million and a market size of $129 million at writing.
You can buy BSW LBank, Pancakeswap (V2), Bitget, BTCEX, MEXC, XT.COM, and CoinWay
4. RMRK (RMRK)
RMRK is a multi-chain universe on the blockchain that lets developers create multi-resource NFTs on Kusama. It was launched in September 2021.
To put it another way, RMRK will benefit developers by enabling them to incorporate standard NFTs into various Metaverse projects with a high level of customization.
At the time of writing, the platform has yet to finish its Metaverse project, which they promise will be launched soon.
Here’s a teaser video with some more information.
The native utility token RMRK is used as a form of currency in the RMRK metaverse, preventing fungible token spam.
Token holders can participate in platform decision-making.
There is also an official marketplace (Singular), where anyone can purchase, sell or trade NFTs listed in KSM tokens
Rich profiles, royalties, and bidding are some of the forthcoming features for RMRK and rewriting RMRK as intelligent contracts, auction houses, the Metaverse, and more.
You can buy RMRK on Gate.io, KuCoin, BKEX, and others.
3. Decentral Games (DG)
Launched in October 2021, Decentral Games is a collection of casino dApps platforms on the metaverse.
The casinos are sponsored by the project’s ‘treasury’, which receives all revenue collected from players as part of the games.
The platform includes a metaverse-based free-to-play, play-to-earn game called ICE poker. Completing daily tasks can help gamers win money from the game and other benefits.
Users can join the game by buying ICE tokens, which cost 2 ETH as of writing. Token holders will then have the opportunity to mint unusual NFTs, which will enable them to earn more significant rewards.
DG is the platform’s native utility token, which is utilized to participate in decision-making. The ICE tokens will be used to join the NFT marketplace.
You can buy ICE on QuickSwap
2. Victoria VR (VR)
Victoria VR is a blockchain-based Massively Multiplayer Online Role-playing Game (MMORPG) launched in December 2021 to create the world’s first genuine virtual reality experience.
The platform is built on Unreal Engine, and its entire universe is based on the universal platform for all games, dApps, virtual worlds, and other similar projects.
With barely four months under its belt as of this writing, the platform has already attracted over 80 developers and is on track to surpass 300 by 2023.
Victoria (VR), like most metaverse initiatives, allows users to purchase plots of land as NFTS inside its ecosystem.
The platform’s success is evident, in that they have already sold over 85% of the lands available in the first round.
On Victoria, VR is the native token (VR). Users can stake VR in the market, use it to buy digital land, various products, resources, structures, and more.
Token holders can vote on critical decisions that must be made, allowing them to participate in the company’s governance.
You can buy VR on KuCoin and Gate.io.
1. InSure DeFI (SURE)
Launched in 2020, InSure DeFi is a crypto insurance platform that attempts to protect DeFi assets in the event of a loss in the crypto ecosystem.
Even though its name implies a defi insurance protocol, It is nevertheless recognized as a Metaverse coin since DeFi Metaverse platforms profit from Insure DeFi services.
As of this writing, over $30 million in DeFi assets have been covered for over 50 protocols.
The Platform native utility token (SURE) is used as a governance token to pay for cross-chain bridge costs. SURE allows token holders to claim income generated on the platform.
Users can also receive prizes or yields from the protocol by participating in the governance process, serving as a project ambassadors, and attending community events.
Insurance-as-a-service API to interact with DeFi protocols, extension to new chains, B2B and institutional-grade insurance service, and many more features will be added to the platform later.
You can pourchase SURE on Uniswap, PancakeSwap, QuickSwap, and other exchanges.
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