These 6 Hottest Crypto Tokens That Can Be Used To Buy Real Estate On Metaverse

Real estate in the metaverse is now available for sale. (photo: doc. GALA)

JAKARTA - Virtual real estate, or land in the metaverse, which is sold in the form of non-exchangeable tokens is gaining popularity. You cannot physically visit this property, but the attraction of this investment lies in this asset which is backed by anti-counterfeit certificates stored on the blockchain.

According to a businessinsider.com report, this trend has caught the attention of those looking to invest their money in new ways of investing in real estate. People are willing to spend six figures on them, betting that they can make a lot of money. Some expect triple-digit growth in the next 16 months.

Virtual real estate is not really a new concept. One of the first companies to enter the space was Metaverse Group, which operates the virtual platform 'Decentraland'. But since Facebook's rebrand to Meta, the idea has gained immense interest, with investors speculating about the knock-on effect on the various metaverse games and their respective crypto tokens.

Properties in the NFT-based world of Axie Infinity, Decentraland, and The Sandbox are very popular. The price of the corresponding cryptocurrency from these projects has also skyrocketed, with Decentraland's MANA token up 4.258% in the last year.

Search results on Google show the search volume for this term soaring in just a short period of time, with public interest fueled only in the last few months.

Sales of virtual land soared in early December, generating more than US$105 million for just four metaverse projects, according to DappRadar. Of that number, the game platform Sandbox dominates with NFT sales of 86.56 million US dollars (Rp1.23 trillion), while Decentraland is in second place.

The decision to choose which metaverse token to buy depends on the platform you want to explore. Each virtual world has its own unique token that allows users to make purchases of digital land.

To access the metaverse, you will most likely be asked to set up a crypto wallet to store your digital assets. It allows you to convert fiat money into cryptocurrency via online payment systems.

These tokens can be found on the most popular crypto exchanges - including Coinbase, Binance, and Gemini - guiding you through an easy process.

Here are some of the most popular tokens that you can use to buy land in the metaverse:

1. Ether

Symbol: ETH

YTD Return: 401%

Market Cap: 448 billion US dollars

2. Axie Infinity

Symbol: AXS

YTD Return: 18.016%

Market Cap: 6.5 billion US dollars

3. Sandbox

Symbol: SAND

YTD Return: 16.853%

Market Cap: 5.6 billion US dollars

4. Decentraland

Symbol: WHERE

YTD Return: 4.219%

Market Cap: 4.4 billion US dollars

5. Gala

Symbol: GALA

YTD Return: 28.477%

Market Cap: 3.5 billion US dollars

6. Enjin Coin

Symbol: ENJ

YTD Return: 1.971%

Market Capitalization: 2.5 billion US dollars.