Step Into the Crypto Metaverse
By metas.com | Nov 30, 2021, 05:44 PM (GMT)
The Metaverse has gained a huge following after Facebook rebranded itself as Meta, with metaverse tokens, the currency used to participate in many virtual experiences, now becoming some of the best-performing cryptocurrencies this year.
Shopping is a big element of metaverse platforms, which can differ from buying virtual lands for real estate investment growth, to purchasing a virtual house next door to your favourite celebrities.
Guides: Here's how you get started and can begin investing in the metaverse world
Before being able to start on metaverse platforms like Decentraland or Axie Infinity, you firstly need to set up a crypto wallet to store your cryptocurrency holdings and for future transactions. One of the most popular wallets is MetaMask, which you can download on your phone or a Google Chrome browser extension. This wallet will enable you to exchange your fiat currency into cryptocurrency using your debit or credit card. Transactions are facilitated through an exchange which will normally charge a fee.
You will need to select a cryptocurrency exchange to make transactions on and to purchase selected metaverse tokens. Two of the most popular exchanges to purchase metaverse tokens include Binance and Coinbase. You can also exchange cryptocurrency like Bitcoin directly for metaverse tokens, if you already own cryptocurrency.
This will depend on which platforms you are most interested in and which ones you plan on exploring. Each metaverse platform usually has its own native cryptocurrency that users can purchase and use online. Here is a list of some of the most popular metaverse cryptocurrencies today:
MANA (Decentraland), SAND (Sandbox), GALA (Gala Games), ENJ (Enjin Coin), AXS (Axie Infinity).
MANA (Decentraland), SAND (Sandbox), GALA (Gala Games), ENJ (Enjin Coin), AXS (Axie Infinity).