The metaverse has become an increasingly important part of crypto, with the crypto space having witnessed many projects come up with unique takes on the concept.
Some of these projects have been successful while others have not enjoyed the same level of success. With the fast-paced nature of the metaverse space, it has become increasingly difficult for investors to monitor and keep track of happenings in the space.
The top metaverse tokens to watch in 2022 are ApeCoin (APE), Sandbox (SAND), and Parody Coin (PARO).
These projects have all the makings of solid projects that will make their token holders a small fortune. With their unique incentives and strong communities, it is apparent that these projects should be watched closely.
Here are summaries of these projects.
ApeCoin (APE)
ApeCoin (APE) is the governance token built by Yuga Labs on the Ethereum (ETH) blockchain. The token uses the ERC-20 standard of the Ethereum (ETH) blockchain and is the primary transaction token of the Ape Metaverse.
The Yuga Lab projects include the BAYC (Bored Ape Yacht Club), MAYC (Mutant Ape Yacht Club), and the recently acquired Crypto Punk collection. The ApeCoin robust ecosystem and its bubbling community have given so much utility and value to its token.
ApeCoin (APE) has steadily increased in value since it was first airdropped to project holders. Furthermore, the token has become the primary source of a transaction within the Yuga labs metaverse.
In addition, Yuga labs have announced that future projects would only be minted using its ApeCoin (APE) token. It tested out this concept of selling virtual lands in the Otherside; the latest project from Yuga labs.
The immense utility of this token is the primary reason why its value is set to skyrocket.
Sandbox (SAND)
Sandbox (SAND) is a gaming and metaverse project. It was launched in 2011 and has exploded into a hub of activity since then.
It allows its users to build, create, sell, and trade digital assets acquired in its metaverse. On top of that, it uses its native token SAND to facilitate these trades.
Backed by a strong community, Sandbox (SAND) has successfully introduced the metaverse concept to gaming with a solid play to earn (p2e) model.
The Sandbox (SAND) community has successfully redefined what it means to be a creator and participant in a gaming ecosystem. It has created a platform where creators can be both creators and players whenever they wish. The best part, they have full control and ownership over their items in the Sandbox (SAND) metaverse.
Furthermore, its DAO backed by the community ensures that the project stays on track and the future course of the project is decided by the community members. With a strong community and multiple use cases it is easy to see that this project is well placed for success.
Parody Coin (PARO)
Parody coin (PARO) is a deflationary metaverse project built on the BNB blockchain. It is influenced by the need to onboard more users into the NFT space and removes all barriers to entry within the space.
In addition, the PARO token will be multi-chain and its users can swap effortlessly within any blockchain of their choice. Furthermore, the token will be the primary means of a transaction within its metaverse known as the Paroverse.
All these functions of the coin will be backed by an active community that mints, buys, trades, and sells NFTs using the platform. Parody coin (PARO) will also work with a unique tax system that maintains the value and keeps users active with the right incentives.
Getting in early on moonshot projects is important because of the unlimited upside. It is important, however, that you conduct your own research before investing in any project.
For more details on the Parody Coin (PARO) presale, here are the official handles and website.
Join Presale: https://presale.parodycoin.io/register
Website: https://parodycoin.io/
Telegram: https://t.me/PARODYCOIN_OFFICIAL
Twitter: https://twitter.com/ParodyCoin
