Forbes’ Top 7 Picks for the Crypto Economy

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    The rise of virtual reality (VR) has brought the Metaverse into the limelight, offering new frontiers for many aspects of life, including shopping, entertainment, learning, and gaming.

    Facebook's recent rebranding as the Meta Platform further solidifies the Metaverse's presence in the digital future. Despite the challenges facing the crypto market, cryptocurrencies are playing a role in shaping this new metaverse.

    forbes report We uncover the top 7 Metaverse tokens with a market cap of over $500 million each and explore their unique contributions to the Metaverse ecosystem.

    Internet Computer (ICP): Building a Decentralized Internet

    Developed by the Swiss nonprofit Dfinity Foundation, ICP aims to replace the centralized internet dominated by tech giants like Google and Amazon with a decentralized alternative.

    Launched in May 2021, Internet Computer uses smart contracts to improve internet speeds and reduce computational costs. Despite his initial market capitalization quickly rising to over $45 billion, ICP's price has seen fluctuations.

    Currently, it is rated as follows: $4.75 Market capitalization is $2.13 billion. Recently, the platform's growing ecosystem was further strengthened with the introduction of the Bitcoin Ordinals marketplace Bioniq, which runs on the ICP blockchain.

    Stack (STX): Connect Bitcoin to the Metaverse

    Stack bridges the gap between Bitcoin and the Metaverse. This Layer 1 blockchain interacts with the Bitcoin blockchain through a unique Proof of Transfer (PoX) mechanism. A Bitcoin miner can mint new his STX tokens by paying for the privilege.

    Stack owners can also stack STX coins to earn BTC rewards. Founded by venture capital funds including Winklevoss Capital and Digital Currency Group, Stacks 2.0 received SEC sales approval in January 2021.Currently, the valuation of STX is $0.74with a market capitalization of $1.06 billion.

    Axie Infinity (AXS): Play-to-Earn (P2E) Game Exploration

    Axie Infinity made a name for itself in the “Play-to-Ear” game genre during the COVID-19 pandemic. This blockchain-based game takes inspiration from classics like Pokemon and Tamagotchi, and players can pit adorable monsters against each other in a game called His AXS, a cryptocurrency that is actively traded on the market. You can earn inner tokens.

    But the hierarchical nature of Axie Infinity, in which wealthy investors known as “academics” buy expensive NFT monsters and lease them to “workers” in low-income countries, has drawn criticism. Despite this, it is still very popular in various countries such as the Philippines, Venezuela, the United States, Thailand, and Brazil. AXS is currently trading at the following prices: $6.45.

    Sandbox (SAND): Navigating an early virtual world

    A sandbox is a virtual world where native tokens (SAND) are used for transactions involving digital assets. Similar to Decentraland's MANA, SAND can be earned and used within the virtual world.

    The Metaverse is still in its infancy, and the large number of platforms and rapidly changing environment make investment decisions difficult. Despite facing headwinds this year, SAND remains one of the most favored Metaverse tokens in the space.Currently the price of SAND is $0.41.

    Theta Network (THETA): Decentralizing Video Streaming

    Theta Network aims to disrupt the centralized video streaming industry by providing a blockchain-based peer-to-peer video distribution network. Theta promises to reward participants with their THETA tokens, increasing revenue for content creators and reducing costs for consumers by leveraging users' computing power and surplus bandwidth.

    With an advisory board that includes Justin Kan (Twitch co-founder) and Steve Chen (YouTube co-founder), Theta Network is an active participant in the Metaverse. The current price of THETA is $0.999091.

    Decentraland (MANA): Creating a VR Metaverse on Ethereum

    Decentraland leverages the Ethereum blockchain using its native token MANA to operate the VR Metaverse and facilitate transactions within the virtual world. Users can also create avatars, purchase lands, costumes, and accessories within the platform, and monetize content and applications.

    Although questions still remain regarding the number of users, Decentraland aims to provide a platform where users can engage, conduct business, and conduct transactions on a regular basis. The current price of MANA is $0.44.

    ApeCoin (APE): Powering the Boring Ape Yacht Club Ecosystem

    ApeCoin is one of the newest and notable metaverse tokens on the market. It was designed to support the growing ecosystem around the NFT art collection, Bored Ape Yacht Club.

    APE will be airdropped to all Bored Ape or Mutant Ape NFT holders in March 2022, allowing for voting, governance, and trading within the “Ape Metaverse.” The current price of APE is $1.61.


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