7 Metaverse Tokens You Should (Probably) Know About- Decentraland (MANA) The Sandbox (SAND)

7 Metaverse Tokens You Should (Probably) Know About- Decentraland (MANA) The Sandbox (SAND)

The world as we know it today will change greatly with the arrival of the metaverse. The metaverse will provide an alternative digital universe where human beings will not only be able to live and work in, but also play.

So, why should you care about the metaverse?

As an investor, why should you invest in it? According to Bloomberg, the metaverse’s market size is expected to grow to $800 billion dollars by the year 2024. This signifies how lucrative the metaverse could become in the coming years.

But, what metaverse investments can you make? How can you get started investing in the metaverse?

What tokens should you consider investing in?

Decentraland (MANA)

Another metaverse token you should know about is MANA, Decentraland’s token.

Decentraland is a blockchain-based virtual reality platform where users get to buy, sell, and develop land, all while playing games, creating content, and interacting with each other.

Decentraland is the biggest virtual universe in the NFT space and is represented as a non-fungible ERC-71 token known as LAND. Each parcel of LAND on Decentraland is unique and owners can choose what they get to do with their portion of land.

Users can purchase LAND on the platform using MANA. Besides being used to purchase LAND, MANA is the main token used in Decentraland. As a native utility token, it’s used to pay for goods and services. It’s also built on Ethereum and can be bought and sold for other cryptocurrencies or for fiat currency.

MANA’s total supply is fixed at 2.6 billion MANA. That means that there will never be more than 2.6 billion MANA at any given time.

The Sandbox (SAND)

With a maximum supply of 3 billion, SAND is another token that should be on your metaverse radar. The Sandbox is a virtual world that, like most platforms on this guide, is built on the Ethereum blockchain.

On the platform, players are able to build, monetize, and own their gaming experience. The platform uses the SAND token, which is an ERC-20 utility token that is used for governance, staking, and transfers.

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The Wall St Bull

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