Metaverse is highly trending these days. Do you know almost every Metaverse has its own currency? There are more than 189 currencies or tokens used for trading in Metaverse. Many of them are built on Ethereum. This post will look at the Metaverse coins built on Ethereum Network.
Metaverse is a world coined in 1992 by writer Neal Stephenson to describe the 3D virtual world. But today, Metaverse denotes the actual 3D world where you can go and enjoy. Ethereum was launched in 2015 by Buterin and Joe Lubin. Ethereum is a technology for digital money, global payments, and applications. Ethereum is the largest platform based on Smart Contracts.
Now, we will discuss the Metaverse coins built on the Ethereum platform. We will also discover their features and the advantages of building on the Ethereum platform. Let’s start the perusal.
What Is The Ethereum?
Ethereum gives everyone access to digital money and data-friendly services without considering your background or location. Ethereum is a community-built technology behind its crypto Ether and many applications that you use. Here are some features of Ethereum.
1. Open Banking
In the real-world, everyone does not have access to financial services. However, using Ethereum, you can use Ethereum for lending, borrowing, and savings. The only thing you need for this is the internet.
2. Private Internet
You don’t have to provide all your personal information to use Ethereum. Ethereum is building an economy based on value, not surveillance.
3. Peer-to-Peer Network
Ethereum allows users to use money or make agreements with someone else. You don’t need any intermediate company to do so. Ethereum uses Smart Contracts for this.
4. Censorship Resistant
Ethereum is not governed or controlled by anyone. This decentralization makes it nearly impossible for anyone to stop payments from receiving or sending.
5. Commerce Guarantees
In Ethereum, customers have a secure, built-in guarantee that funds will only change hands if you provide what was agreed. This will save you from messing with a large company to do business.
6. Compatibility for the Win
As Ethereum products are compatible, it helps to build better products and services at all times. Companies can build on each other’s success.
Metaverse Coins Built On Ethereum
Ethereum remains the favorite platform for decentralized applications and Metaverse coins. Ethereum is the largest platform of Smart Contracts and DeFi technology. Here is a list of Metaverse coins that were built on Ethereum.
1. MANA – Decentraland
Decentraland is the largest Metaverse built on Ethereum. It allows users to play and earn. Decentraland users can purchase and sell real estate, explore different cities, and play games where they can earn Decentraland tokens. The Decentraland has its tokens called MANA.
2. SAND – The Sandbox
Sandbox is one of the famous Metaverse launched by Microsoft. It is also built on the Ethereum blockchain. Sandbox has its tokens called SAND. Sandbox is very similar to Decentraland. The Sandbox is a community-driven platform that allows creators to monetize assets and gaming experience on the blockchain.
3. AXS – Axie Infinity
Axie infinity is the highest revenue-generating Metaverse. It is built on the Ethereum blockchain. Axie Infinity uses its tokens named AXS, which are ERC – 20 tokens. Axie Infinity is a leading play-to-earn Metaverse game. The users are referred to as scholars who collect, nurture, and breed Axies. Axies are important gameplay elements built as NFTs that users can purchase or sell on any NFT marketplace. A minimum of three Axies are required to move ahead in the game.
|AXS||4||$3.86 B||$638.69 M||$63.57|
4. UFO – UFO Gaming
UFO Gaming is a decentralized gaming Metaverse aiming to bridge traditional games with Ethererum blockchain technology. UFO gaming has a utility token named UFO. Each game in UFO gaming has its planet. Players can purchase virtual land using land auctions and earn revenue by completing specific tasks.
|UFO||20||$344.11 M||$12.57 M||$0.000001328|
5. TLM – Alien Worlds
This is the largest decentralized game on Earth. This is a game in Metaverse that is built on the Ethereum blockchain. It allows users to lease a spacecraft and go on missions to discover the Metaverse. Alien Worlds use a token called TLM or Trilium. TLM allows you to transfer value and vote in Planet DAOs. It is also one of the best games to get free Ethereum.
|TLM||33||$142.69 M||$493.68 M||$0.1549|
We have gone through the basics of Ethereum blockchain, how it works and what the advantages are of using the Ethereum blockchain network. Then we also deeply analyzed the different coins or tokens built on the Ethereum network. These coins or tokens are enjoying all the security and benefits of the Ethereum blockchain network.
We hope this post has helped you. Leave a comment below to know more.
Frequently Asked Questions
Q1. Which Coins Are Built On Ethereum?
There are many coins built on the Ethereum blockchain. Some of the coins include Chainlink (LINK), Tether (USDT), Binance Coin (BNB), and USD Coin (USDC).
Q2. Which Metaverse Coins Are Trading Below $1?
Here are some Metaverse coins below $1.