Recently in late October, the site held the first-ever Metaverse Festival from Oct. The Facebook move to virtual reality has sparked huge interest in this cryptocurrency and its associated reality. MANA tokens are now trading for $2.50 after spending a long time below $1.00. In effect, it is a “world owned by users.” Some of these can grow to great value and you can later sell them to others, so in effect, it becomes an alternative reality. Using MANA tokens you can purchase land, outfits, scenes, and a host of other virtual assets. Investors should evaluate their own personal investment situation to see if the volatility risks are worth the potential rewards, if at all.ĭecentraland is a crypto-powered virtual reality game or more correctly a virtual living platform written on the Ethereum (CCC: ETH-USD) blockchain. Moreover, I am not recommending any of these cryptos. Just keep in mind that these are all highly speculative and not for the faint of heart. These cryptos are in the process of creating their own virtual world platforms. But they also could have huge upside opportunities. That can both be a huge risk, as they are the moral equivalent of penny stocks in the stock market. Some of these have very small market caps. But they also have huge risks and investors could end up losing all their investments. Sales of virtual world paraphernalia will be required and only a few companies like Facebook and Microsoft (NASDAQ: MSFT) sell them, but other companies, including Apple (NASDAQ: AAPL) are racing to catch up.Īs a result, I thought it might be interesting to look at seven up-and-coming metaverse cryptos that might potentially be worthwhile investments. The Wall Street Journal says that the virtual world will have its real problems. ![]() Barron’s calls it a “weird” time in finance now. Barron’s magazine quotes a Jefferies analyst this week who says that NFTs (non-fungible tokens) could reach $25 billion in the very near term. The metaverse certainly has its detractors as well. These rising crypto prices are just one manifestation of this alternative reality. And these are rising in value, either on exchanges or in games, either in real dollars or in metaverse cryptos. People are now buying, acquiring, selling, and trading land, condos, money, clothes and more in the metaverse. “ A virtual world featuring avatars, digital objects and functioning economies is a world where technology is all encompassing and not simply a discrete tool.“ It is a “collection of open worlds and settings joined by interoperable assets and experience,” according to Decrypt online magazine. ![]() It involves NFTs (non-fungible tokens), virtual landscapes and realities, games, 3D avatars, metaverse cryptos, tokens, rewards, airdrops, decentralized apps (Dapps) and smart contracts.īut mostly it involves an alternative to the existing real universe. This is where 3D environments are the norms for immersive social sharing. ![]() Metaverse refers to a second version of the Internet. Facebook, now a subsidiary of Meta Platforms (NASDAQ: META), has taken the plunge and gone all-in with its recent “metaverse” rebranding.
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