The metaverse is a concept that used to be a staple of science fiction. Now it has become a reality, and investors are flocking to it, as are users and businesses. It is a space that combines the virtual, digital world with the real world to create an online environment that facilitates interactions between people and assets. Software companies and those that design and sell semiconductors are associating themselves with metaverse projects.
To help investors figure out which tokens will provide consistent performance as we look ahead to the rest of the year and beyond, we’ve thoroughly discussed three that we are particularly bullish on.
Axie
Axie Infinity is a game set in the metaverse that uses the Axie Infinity Token. It allows players to go online and create characters that they can use to battle each other in the game.
The characters, called Axies, are developed, bought, and sold via the non-fungible tokens (NFTs) used in the game. They can also be resold or traded for fiat currency. Players try to create characters so that their value is maximized. This has led to transactions of over $600,000.
The game is super popular among online players, with over 2.6 million players each month, signifying an increase of 64% from the prior year.
The company has formed partnerships with Kyber Network, Binance, and HTC.
Enjin
Enjin was founded in 2009 as a gaming company based on the blockchain. The company creates immersive experiences in the metaverse. The Enjin Coins is its token.
The Six Dragons and Age of Rust are two games powered by Enjin Coin. They include play-to-earn characteristics that are very popular. Players are allowed by the Enjin Network to host chats and websites they’ve designed as well as virtual storefronts.
ERC-20-based smart contracts are used for digital assets. These can be used to acquire fiat currency as well as being bought or sold. A platform called Efinity is provided for individual developers as well as businesses.
To date, over 70 cryptocurrencies and NFT projects have used the platform to launch.
RedFox
Founded in 2018, this NFT platform is not just geared as a great gaming platform but also one that retailers can use for retail functions and media applications. Not only gaming projects but also media and retail can offer users immersive interactions on the site. This gives it a unique position as one of the original service-based tokens in the metaverse.
Because of its unique features, it has attracted over $170 million in investment since its launch date.
If you’d like to invest in these types of assets and many others, you should check out SoFi. However, wouldn’t it be convenient to have your banking taken care of by the same site as your investment accounts? This provides a seamless experience.
You can open a bank account at SoFi and take advantage of its integrative features. Why not make your life easier? You can do you research before collaborating with a financial advisor to gain better insight into their performance.
