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Tied closely to the fast-rising non-fungible token (NFT) ecosystem, the Metaverse sub-industry is the new darling of the crypto space. As the sub-sector hits mainstream consciousness, several investors are piling up on the best metaverse altcoins to buy for high returns.
If you are keen on adding high-yield digital assets to your portfolio, this article can help identify some of the best.
1. Lucky Block (LBLOCK)
Our top pick for best metaverse altcoins to buy for high returns is LBLOCK, the native cryptocurrency of Lucky Block.
The much-anticipated Lucky Block ticket draw sale was held on May 31st. With over 23,000 tickets sold, the event was a huge success.
Jackpot and NFT first draw – DJ Party and Swae Lee LIVE!!!! https://t.co/g8LWdgwUyx
— Lucky Block Casino (@luckyblockcoin) May 31, 2022
Swae Lee, an American rapper and superstar conducted the Lucky Block NFT draw and announced the winner. The winning ticket for the jackpot draw was chosen using the cutting-edge Chainlink Verifiable Randomness service.
The NFT draw was won by number 401, and the main jackpot was won by number 873541. Each winner received a $1,000,000 prize.
Aside from this event, the main prize draws will begin on June 6th. Tickets can be purchased through the Lucky Block web app for as low as $5. Moreover, investors can now buy Lucky Block using cash via crypto wallets on the website.
The Binance Smart Chain (BSC) network hosts Lucky Block, a modern game-centric crypto platform. Lucky Block seeks to promote gaming transparency and fairness by developing a game system that gives all players an excellent chance to win.
Lucky Block has bolstered its marketing credentials with a slew of new signings. Two new ambassadors have joined the Lucky Block army, demonstrating how widely Lucky Block is accepted. Savannah Marshall and Lerrone Richards have joined the ranks of Dillian Whyte and Florian Marku, who are already ambassadors.
At press time, Lucky Block trades at $$0.001603. The digital asset has seen a month’s downtrend of 0.4%.
2. The Sandbox (SAND)
The Sandbox, a 3D Metaverse game, offers the next best metaverse altcoins to buy for high returns.
In a game-like scenario, users can build, develop, buy, and sell digital items in the Sandbox, a blockchain-based virtual world.
Sandbox is renowned for being the first gaming platform to use blockchain technology. In terms of blockchain use, the gaming business is still unexplored to its full capacity. As a result, The Sandbox aims to maximise market potential by establishing a universe where users can create and collect blockchain-based objects.
By focusing on user-generated material, The Sandbox intends to create a metaverse of engaged people contributing to its evolution. Sandbox also promotes decentralised governance by allowing users to utilise the SAND token to contribute their thoughts and suggestions on the project’s progress. Investors can buy The Sandbox to partake in this governance.
APE Digital Creations Ltd. has announced the debut of Mini Macau, a metaverse experience for digital visitors to virtually discover stunning Macau tourism spots. APE is a subsidiary of Macau’s premier gaming equipment provider Asia Pioneer Entertainment Holdings Limited.
Mini Macau is a new APE business concept built on The Sandbox platform, aimed at digital tourists who cannot go to major resort areas because of COVID restrictions. Mini Macau’s virtual terrain has some of Macau’s most well-known tourist landmarks, including the Macau Tower, Senado Square, St Paul’s Ruins, and the Ah Ma temple. The virtual terrain was first released on The Sandbox’s Game Maker gallery.
At press time, SAND’s price is $1.33. The altcoin has slumped by 37.4% in the last month.
3. Decentraland (MANA)
Next on our list of best metaverse altcoins to buy for high returns is MANA, a native token of the 3D virtual reality platform Decentraland.
Decentraland (MANA) is a virtual reality platform created on the Ethereum blockchain that allows users to create, consume, and monetise content and apps. The platform offers a wonderful place to begin if you’re looking for a top NFT to invest in the metaverse ecosystem.
Users can purchase virtual land plots to develop and sell in this virtual world.
NFT Tech has announced that it will be a strategic partner in launching the first on-chain Elvis NFT from the Elvis Presley Estate. NFT Tech is the first firm to mainstream decentralised ownership, NFTs, and the metaverse for public markets.
Leading decentralised gaming virtual worlds such as Decentraland, The Sandbox, digital creative Voxel Architects, wearables designer DAPPCRAFT, and renowned Web3 utility creator, The Metakey are among the dream team of partners and collaborators involved in the genesis launch on June 1st.
Decentraland’s in-game money and platform exchange medium is MANA, an ERC-20 token. MANA currently trades at $1.01. The altcoin has seen a 30 days downtrend of 31.6%. This downtrend provides a low-entry point for investors to buy Decentraland.
4. Axie Infinity (AXS)
Axie Infinity, the Pokemon-inspired game, offers our next best metaverse altcoins to buy for high returns.
The game’s two native cryptocurrencies are Axie Infinity Shards (AXS), which can be acquired and exchanged on crypto exchanges, and Small Love Potion (SLP), given to users for spending time in the game.
In Axie Infinity, players develop, combat, and trade cute NFT creatures known as Axies. Axie Infinity dubs itself as a “Play to earn” game. In the game’s NFT marketplace, players can trade commodities like Axies, in-game real estate, and accessories like flowers or barrels while also getting tokens Axie Infinity creates.
The release of Axie Infinity Origin, a free card fight, was anticipated among gamers. This launch has increased the number of active users on Axie Infinity to 413,589, a significant increase over the previous week. This rise follows the creation of one of the most spectacular combat cards in NFT gaming history by Axie Infinity’s developers.
Origin hosts various events, including 24-hour live broadcasts in 12 different languages and professionally-cast esports games, to attract members of the community.
At press time, Axie Infinity’s price today is $20.77. The altcoin has seen a slump of 28.4% in the past month, providing users with an opportunity to buy Axie Infinity at a bargain price.
5. Theta Network (THETA)
Finally, Theta Network’s token THETA rounds off our best metaverse altcoins to buy for high returns list.
Theta is a blockchain-based network primarily designed for video streaming. Users trade bandwidth and computational resources on the Theta mainnet, a peer-to-peer (P2P) network.
Decentralising video streaming, data transport, and edge computing are the major business models of Theta. According to the developers, Theta aims to shake up the video streaming market in its current state, where centralised control, limited infrastructure, and high expenses result in unsatisfactory user experiences.
Users gain from higher-quality streaming services, content providers earn more money, and intermediaries – video platforms – save money on infrastructure while boosting advertising and subscription income.
Theta Labs is cooperating with Sony, a Japanese global conglomerate. According to the company’s announcement, Sony plans to issue ten “Tiki Guy” NFTs and two-dimensional versions. The NFTs will be used in the Sony Spatial Reality Display (SRD), a tablet with augmented reality and 3D enhancements.
NFTs in collaboration with @SonyElectronics are coming soon to Theta blockchain! https://t.co/vLwSVdF28U
— Theta Network (@Theta_Network) May 6, 2022
Theta Network is currently trading at $1.21. The altcoin has seen a 30 days downtrend of 47.1%.
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