Metaverse coins can choose from a variety of blockchains when launching projects due to the variety of platforms available. Here are the top 5 Metaverse coins made with Polygon, ranked by market cap, from lowest to highest.
Neon District Explained – $23 million Value
With collectible NFT tokens available on the Polygon and Ethereum networks, Neon District is a free-to-play cyberpunk role-playing game created by Blockade Games. The Polygon version of the app attracts more users due to its lower transaction fees and faster transaction speeds.
How NFTs are handled in Neon District is a unique aspect of the game. When there are more players, NFTs become more valuable. It is not possible to trade Neon District currency on an exchange. In the traditional sense, Neon District has no market cap.
Nevertheless, Blockade Games raised $5 million in funding from various investment groups on November 24th at a valuation of $23 million. According to Blockade Games:
“The funding will contribute to the expansion of the company through hiring, game development, partnerships, and marketing efforts focused on community and user growth.”
Terra Virtua Kolect (TVK) Explained – $155 million Value
Terra Virtua offers an immersive AR and VR experience powered by blockchain technology on mobile and PC platforms. With TVK, users can use their collectibles in new and unique ways, engaging with the platform through NFT collections.
In August 2021, Terra Virtua moved from Ethereum to the Polygon blockchain. In addition to switching to Polygon, TVK wanted to move toward a more sustainable NFT ecosystem in which gas fees don’t deter users from participating in the economy.
The Kolect token is a native token of the Kolect platform, opening an array of opportunities, privileges, and experiences. Members of the Prestige Club can earn NFT airdrops, collectible rewards, previews, and more with the token. Additionally, TVK can be used to farm exclusive, tradable NFTs not found anywhere else.
TVK is trading at $0.24 at the time of writing, with a 24-hour trading volume of $17 million. There are 655 million TVK in circulation, with a market cap of $157 million.
A few of the exchanges where you can purchase TVK are Binance, KuCoin, Gate.io, Uniswap, and LATOKEN.
Aavegotchi (AAVE) Explained – $171 million Value
Playable NFT game featuring cute pixelated ghosts, Aavegotchi was initially built on the Ethereum blockchain, and has since moved to Polygon. Aavegotchis’ protocol is based on the ERC721 standard, which is also used in popular games such as Cryptokitties and Axie Infinity. Aavegotchi’s native token, GST, allows users to stake their tokens to reap rewards and govern their DAO.
As soon as its mainnet launched, Aavegotchi moved to Polygon due to ridiculous Ethereum gas fees. Opening a portal and playing the game cost over $300.
Developers concluded that building on Ethereum was no longer productive, resulting in a 76% vote in favor of transitioning to Polygon. Polygon’s network was ultimately selected after a great debate called “The Great Migration.”.
Due to MATIC’s decentralized network and sufficient security, the team chose it because it provides money protection to players while maintaining the integrity of the decentralized network.
At the time of writing, Aavegotchi is trading at $2.45, with a 24-hour trading volume of $50 million. Its market cap is $171 million, with a circulating supply of 70 million GHST.
You can purchase GHST from Binance, Gate.io, KuCoin, Kraken, Crypto.com, Uniswap, and more.
Vulcan Forged (PYR) Explained – Value; $485 million
Vulcan Forged PYR is a blockchain game studio and NFT marketplace that switched to the Polygon network in March 2021. Vulcan Forged allows users to play, build, collaborate, earn, and bring their ideas to life. PYR is the fastest-growing blockchain game and dApp platform.
On their platform, Vulcan Forged features several in-browser games available to play. Users must create a Vulcan Forged account to access the games, but they are open to the public.
In addition, Vulcan Forged has an NFT marketplace featuring plots of land in their Metaverse, along with a wide variety of collectibles and items. Keep in mind, since the marketplace is on Polygon, users acquiring PYR from Uniswap will need to bridge the ERC-20 PYR into Polygon.
At the time of writing, PYR is trading at $24.99 with a 24-hour trading volume of $90 million. Its market cap is $485 million, with a circulating supply of 18.9 million PYR.
You can purchase PYR on Binance, KuCoin, Gate.io, Uniswap, Huobi Global, Bittrex, and more.
Decentraland (MANA) Explained – Value; $6.12 billion
While initially built on Ethereum, Decentraland is on this list because it has a partnership with Polygon that provides its sidechain on Ethereum. Scenes can use Polygon’s side chain in Decentraland to support fast and very cheap transactions.
Adding Polygon support to a Decentraland scene can be done via the l2-utils library, which includes simple functions that allow players in your scene to make transactions with MANA on Polygon’s network. The best part is that players don’t need to switch networks in their browsers to operate on Polygon since everything is handled via meta transactions.
As one of the leading Metaverse projects on the market, it’s great to see Decentraland leverage Polygon’s sidechain to offer low-cost transactions to its players. It seems that most Ethereum-based applications will utilize Polygon in one way or another since it makes for an easy solution to Ethereum’s scalability issues.
Decentraland is trading at $3.37, with a 24-hour trading volume of $872 million at the time of writing. Its market cap is $6.1 billion, with a circulating supply of 1.82 billion MANA.
You can purchase MANA on Binance, Coinbase Exchange, Huobi Global, KuCoin, Crypto.com, FTX, Kraken, and more.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.
Original article can be found at; //nulltx.com/top-5-metaverse-coins-built-with-polygon/
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
