Best metaverse cryptocurrencies in 2023

Metaverses have revolutionized the digital space, changing the way people interact with the world around them. These virtual spaces are single platforms available to all users from different parts of the world. They encompass a range of possibilities, from games and entertainment to communication, education and even business.

Because the metaverse is a vast virtual world with great potential for commerce, cryptocurrency plays an important role in its life.

In the meta-universe, digital currencies can be used to buy and sell various goods, such as digital works of art (NFT) or in-game items.

In this article, we will look at the top cryptocurrencies of metaverses that could become popular and in demand among users in 2023.

What are metaverse tokens?

Metaverse tokens are digital assets intended for use in virtual environments or metaverse ecosystems. They are typically built on blockchain technology and are used as a medium of exchange for virtual goods and services, as well as a means of storing users’ assets.

The growing popularity of these digital assets can be attributed to the development of the meta-universes themselves. As more and more users enter these virtual environments, the need for a digital currency that can facilitate transactions and create a sense of value in these ecosystems is becoming increasingly urgent.

In addition, the decentralized and open nature of blockchain technology has allowed everyone to create their own coin or token in the metaverse, which has facilitated the creation of new digital assets for use in specific virtual environments.

It is worth noting that some tokens can be obtained by users through mining pools or cloud mining. These two options may be particularly attractive to those who want to actively engage with metaverse worlds but do not have the resources or expertise to set up a mining process.

List of the best metaverse cryptocurrencies to look out for in 2023

Choosing the best metaverse cryptocurrency can be a daunting task. Therefore, to make your search easier, we have prepared the top promising virtual worlds currencies.

Axie Infinity (AXS)

Axie Infinity is a blockchain-based metaverse that has become quite popular lately. Within this ecosystem, you can collect, grow and fight alongside fantastic creatures called Axies.

One of the key components of the Axie Infinity ecosystem is the AXS token. It is the platform’s own cryptocurrency and is used for a variety of purposes: managing the future of the universe, stealing and as a means of in-game exchange.

The Theta Network (THETA)

The Theta Network is a decentralized video streaming network that aims to revolutionize the way content is delivered on the Internet. Using blockchain technology, Theta Network provides a more efficient, cost-effective and secure video distribution infrastructure.

The network operates using two types of tokens: Theta Token (THETA) and Theta Fuel (TFUEL). THETA is a network management token and is used for transaction confirmation rates and participation in project management. TFUEL is used as an operational token and is used to support operations on Theta’s network.

Otherside (APE)

Otherside is a new metaverse that aims to merge MMORPG mechanics and Web3-enabled virtual worlds. Users will be able to own lands, explore locations, mine resources, build whatever they want, create items from scratch, make new friends and collaborate with other players.

The APE token is the native cryptocurrency of the Otherside platform and will be used as a medium of exchange for buying and selling in-game NFT assets, for completing quests, and for stealing.

The Sandbox (SAND)

The Sandbox is a virtual world where users can build different buildings and monetise their own gaming experience. The platform is based on the Ethereum blockchain and uses the SAND token as a native cryptocurrency.

With it, SAND can be used to buy and exchange virtual land, digital assets, and participate in in-game events. Users can earn tokens by participating in platform and community development.

Decentraland (MANA)

Decentraland is a decentralized virtual sandbox world based on the Ethereum blockchain. Here, users can purchase their plot, communicate with other players, host events, attend concerts and cinemas.

The MANA token is used to buy virtual land, goods and services in the Decentraland world. It can also be used to sell virtual assets and to vote on universe management proposals.