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1. What is Metaverse?
Metaverse = Internet + Augmented Reality + Virtual Reality
The best way to understand Metaverse is by watching 7 movies - Ready Player One, Minority Report, Avatar, Iron Man, Matrix, Inception, and Wreck-it Ralph.
Facebook's rebranding to "Meta Platforms" has brought Metaverse to the front, but it is actually an old concept.
I remember using Second Life in the early 2000s. Second Life created a user-defined world in which people could interact, play, do business, and communicate. The major band Duran Duran performed a concert in the Second Life virtual world in 2006!
2. Metaverse cryptos
The top Metaverse cryptos are
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Axie Infinity (AXS),
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Decentraland (MANA),
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Enjin Coin (ENJ), and
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The Sandbox (SAND).
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Axie Infinity is an Ethereum-based virtual world where you can collect, breed, battle, and trade virtual pets called Axies. These virtual assets are represented by tradable ERC-20 or ERC-721 tokens.
Decentraland is an Ethereum-based virtual reality platform where you can buy, build upon and monetize plots of virtual land.
Enjin enables developers to tokenize "in-game" items on Ethereum. Enjin Coin is an ERC-20 token that backs these digital assets.
The Sandbox is a blockchain-based virtual world where you can create and trade digital assets in the form of a game. Its a place where decentralized autonomous organizations (DAO) meet non-fungible tokens (NFTs).
Price metrics
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AXS
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MANA
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ENJ
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SAND
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Current Price:
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$ 140
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$ 3.24
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$ 2.83
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$ 2.69
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All-time high
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$ 164.15
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$ 4.69
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$ 4
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$ 3.27
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All-time low
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$ 0.1234
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$ 0.008
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$ 0.016
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$ 0.029
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Supply metrics:
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AXS
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MANA
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ENJ
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SAND
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Cir. supply
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61 M
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1.82 B
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834 M
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892 M
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Total supply:
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270 M
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2.2 B
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1 B
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3 B
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Maximum supply:
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270 M
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NA
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1 B
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3 B
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Note:
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M = million and B = billion.
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Circulating Supply is the number of coins / tokens in public hands.
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Total Supply is the number of coins / tokens created minus the number burned.
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Maximum Supply is the maximum amount of this crypto that can ever exist.
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Figures have been rounded off for convenience.
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Marketcap & Volume metrics:
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AXS
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MANA
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ENJ
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SAND
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Market Cap ($):
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8.5 B
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$ 5.9 B
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$ 2.4 B
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$ 2.4 B
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Fully Diluted Mcap ($):
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$ 38 B
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$ 7.1 B
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$ 2.8 B
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$ 8 B
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Volume (24h) ($):
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$ 600 M
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$ 8 B
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$ 1 B
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$ 8.7 B
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Volume / Mcap ratio:
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0.07
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1.35
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0.44
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3.65
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Note:
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Market cap = Current Price x Circulating Supply.
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Fully Diluted Market Cap is the market cap if the maximum supply was in circulation.
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Volume (24h) is the fiat value of this crypto traded over the last 24 hours.
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Dominance measures a crypto's total market capitalization relative to the total market cap of all cryptos.
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Volume / market cap ratio = 24h Volume / Marketcap.
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Total Value Locked = Total assets value currently staked or locked in the protocol.
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Figures have been rounded off for convenience
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Note: The data/graphs are from CoinMarketCap, Messari, and Future Money Wallet.
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