New innovative projects are under development in the metaverse and it’s something that will continue in the months to come. Although the technology is new and far from mainstream adoption, metaverse coins are still an unexplored opportunity for 2022. Nonetheless, here are the top three metaverse tokens that investors can explore that have the potential to moonlight in the future and could offer profitable gains for your portfolio.
Even though ApeCoin (APE) just reached 2 months in May after its launch by Yuga Labs, it has already had many impacts on the crypto world. Some see that the NFT Bored Ape Yacht Club collection influenced the massive rise in popularity. Last week, Elon Musk changed his Twitter profile picture to a BYAC collection which briefly impacted the APE token.
Followed by the NFT strike issue over its sale of land in “the other side” which cost investors over $100 million in transaction fees, Bored Ape Yacht Club DAO board members are responding to inquiries regarding the migration of ApeCoin out of Ethereum.
Galaxy Project (GAL)
One of the the greatest web3 credential networks, Project Galaxy is a collaborative and open network that allows developers to use their credentials to create new products and applications. GAL is the governance token that serves as the primary token that powers the Project Galaxy ecosystem and is also used to reward user engagement. This token is used by the developers as payment fees each time they access the platform in general.
The project is still in its infancy and has not yet developed its web3 utility. The collected credentials will be used for better analysis and will determine the future longevity of this project.
Gala Games is a famous play to win platform that develops blockchain-based games that pay users for using its platform. Its original currency is called GALA which can be used in its ecosystem. Players can be paid in GALA for completing tasks such as network protection and transaction verification. Additionally, token holders have a say in future Gala projects and the types of games that can be developed within the platform. Town Crash, The Walking Dead, Legends Reborn, Spider Tanks, Town Star, and Mirandus were some of the top games built on the Gala platform.
A community-centric project, Gala games consist of rewarding its users via GALA tokens or NFTs. Users are also responsible for securing the 16,000 nodes in the network, they are also rewarded with GALA tokens. The platform now boasts 1.3 million monthly active users and over 26,000 NFTs sold. With the rapid rise of P2EGALA is worth exploring.