The year 2021 started off with major developments in the cryptocurrency industry. The year saw the launch of non-fungible tokens as well as the launch of metaverse technology.
Metaverse technology has continued expanding and so far, it has become one of the most adopted technologies.
As per many institutional investors and management firms, metaverse technology is going to become the next major industry.
The latest report shared by Citi Bank, JPMorgan, and even Morgan Stanley has made predictions about the growth of the metaverse.
They are all unified on the prediction that metaverse technology would become at least an $8 trillion industry by 2030. This means that the people who invest in the metaverse today will become very rich in 2030.
Therefore, CoinGecko has taken the liberty of carrying out its research on the top 10 metaverse tokens with respect to their market valuations.
You can go through these tokens and start accumulating the ones you believe would be highly profitable in the long term.
Internet Computer (ICP)
Internet Computer currently ranks as the top protocol in the metaverse. The ICP token issued by the Internet Computer protocol currently has an overall valuation of $1,035,978,055.
At the time of writing, the token trades at $3.71 and it has experienced a 2.81% in the last 24 hours. The purpose of the protocol is to create different kinds of applications and websites.
The users can also create other kinds of platforms based on the web browsers.
Axie Infinity (AXS)
The second top crypto in the metaverse is Axie Infinity which is a game where the players get to collect NFT-based characters. They can upgrade them to make stronger and more attractive characters.
The trading price of the AXS token is worth $6.77, which is used on the Axie Infinity protocol to carry out purchases.
The Sandbox (SAND)
The Sandbox was once the largest protocol within the metaverse but lost its traction with the global downtrend of the crypto industry.
However, the protocol has started earning back its traction and respect. At the time of writing, the value of the SAND token is $0.44446 and it has recorded a 1.18% surge in the past 24 hours.
The Sandbox offers a virtual land experience where the users can purchase and sell lands for the SAND token.
Decentraland is another major platform that held the title of being the largest platform in the metaverse at one point. The value of the MANA token has dipped 0.01% in the past 24 hours.
The native token MANA is used in the Decentraland ecosystem for buying and selling lands. Decentraland offers users a similar experience as The Sandbox.