YouTube, Netflix, Amazon Prime and Twitch are the titans of video streaming, operated by centralized companies wielding great power.Įnter Theta, a blockchain that is purpose-built for video streaming. The hope for this project is that Decentraland becomes a place where more and more users choose to hang out, conduct business and transact daily.Ĭoncern about falling users has some wondering whether the metaverse project will catch on or whether conventional games remain a better alternative. Content and applications within the world can also be monetized. They can purchase land, outfits for their avatars, accessories and much more on the Decentraland marketplace. Users can create avatars and navigate this online universe as they wish. It is a VR platform powered by the Ethereum (ETH) blockchain, with a native token MANA used to transact business within its worlds. Decentraland (MANA)ĭecentraland operates an entire metaverse of its own. The first cryptocurrency to receive approval for sale by the Securities and Exchange Commission (SEC), Stacks 2.0 launched its mainnet in January 2021. It was founded by a host of venture capital funds, including those of Winklevoss Capital, Y Combinator and Digital Currency Group. Stacks’ main goal is to bring Web3 decentralized applications (dApps) and smart contracts to the oldest and most secure blockchain in the world, Bitcoin. In addition, Stacks holders can stack (as opposed to staking) their own STX coins to earn BTC rewards. With this technology, Bitcoin miners can pay to mint new STX tokens. Stacks is a layer-one blockchain that connects with Bitcoin’s blockchain through STX’s own proof-of-transfer (PoX) mechanism. Stacks (STX)īitcoin ( BTC) may be the granddaddy of all blockchains, but its role in the metaverse was somewhat unclear until Stacks launched on top of it. ICP’s price is significantly down from its initial highs. While it’s still one of the larger cryptos around, enthusiasm has waned. Initially, ICP gathered a towering market cap of more than INR 3 trillion when the token traded for around INR 57,262. It aims to execute this vision with smart contracts, offering enhanced speeds with reduced computational costs.īacked by big names like venture capitalist ( VC) Andreesen Horowitz, its performance has been brief but turbulent. Launched in May 2021, Internet Computer seeks to change that order, striving to give users the ability to move to a more inclusive, open-source internet. The thinking is that today’s internet is primarily built by centralized companies like Alphabet-which owns the family of Google products-or. The goal of ICP is ambitious: Replace the centralized internet that we are all familiar with today with a decentralized alternative.

Internet Computer was developed by the Swiss nonprofit organization Dfinity Foundation. The goal behind APE is for voting and governance issues, and transacting within the “Ape metaverse.” 2. To harness the popularity of these pricey apes, APE was airdropped to every holder of a Bored Ape or Mutant Ape NFT in March 2022. Its sister NFT collection, Mutant Ape Yacht Club (MAYC), carries an INR 1 million price tag as a floor price. The lowest price for one of these blockchain art monkeys is estimated to be a whopping around INR 8 million. It was designed to power the growing ecosystem around the popular Bored Ape Yacht Club.īored Ape Yacht Club is one of the most successful non-fungible token (NFT) art collections. ApeCoin (APE)ĪpeCoin is not only one of the biggest metaverse coins on the market but also one of the newest.

Here’s a look at the top metaverse coins-cryptocurrencies that play a role in facilitating commerce and exchange within the metaverse-that have market capitalizations greater than INR 40 billion. However, its role in shaping the metaverse has been complicated by the big declines of the crypto winter throughout 2022. Please invest carefully, your capital is at riskĬryptocurrency is beginning to play a key role in certain precincts of this brave new world.

Top nft crypto coins