It’s 2022 and talk of the metaverse is at an all-time high. Few people actually understand what it is, and what it’s going to be.
But they know that companies like Facebook are heavily invested in building the metaverse, an alternate, virtual reality where you can interact with people, buy land, store assets, and much more.
Most of the current and future metaverses will live on the blockchain, the ecosystem that powers cryptocurrency. What that means is that crypto tokens, or more specifically, metaverse tokens, are going to be the main method of exchange.
But what exactly are metaverse crypto tokens, and how can you start buying some today to prepare yourself for the new world? Keep reading below to learn all about the top metaverse tokens now.
What Are Metaverse Tokens?
A metaverse token is a unique cryptocurrency. In most cases, it’s a cryptocurrency built on top of an existing crypto network (or blockchain).
For example, Ethereum is one of the most popular blockchains. It allows other developers to build applications and unique crypto tokens on top of it.
So the native token of the metaverse Decentralnad is MANA, built on Ethereum.
These tokens are used for purchases within that particular metaverse. You can use them to buy land, objects, collectibles, and tools, and participate in events.
Even if you don’t plan to use the metaverse yourself, you can invest them in hopes of an increase in value over time.
Likewise, NFTs are also tokens that exist on the blockchain. They often represent characters, avatars, items, collectibles, land plots, and essentially everything within the metaverse itself. Click here to learn about NFTs and how brands can use them in the metaverse.
How to Buy Metaverse Tokens
Wondering where to buy metaverse tokens? Here are three ways.
1. On a Crypto Exchange
The most popular way to buy metaverse tokens is the same way you would buy any cryptocurrency. You can buy metaverse tokens on Coinbase, Binance, and virtually any other reputable crypto exchange.
These are the platforms that allow you to convert fiat currency (like the US dollar) to any crypto offered by the platform.
When you buy tokens on an exchange, you can then transfer them to your personal crypto wallet and use them in the metaverse if you choose.
2. In the Metaverse
Most versions of the metaverse have their own marketplace. This is where you can buy metaverse tokens as well as NFTs that you can use within that metaverse.
You can buy your tokens here, but you’ll need to have a crypto wallet with some existing cryptocurrency, like Ethereum, first.
3. Decentralized Exchange
Lastly, you can buy metaverse tokens on a decentralized exchange. Unlike regular exchanges, you can’t transfer US dollars or other fiat currencies to these platforms.
You’ll need a crypto wallet, with cryptocurrencies like Ethereum, bitcoin, etc, that you then swap for metaverse tokens on a decentralized exchange like Sushi Swap or Uniswap.
Explore the Metaverse Today
Metaverse tokens are growing in popularity and value. As more and more people come into the crypto and NFT ecosystem, these tokens will continue to see higher demand, and as a result, higher prices.
Get yours now and start exploring and building within the metaverse today.
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