Parallel to the world that we conceive as reality, the Metaverse plans to consolidate itself as an interactive platform. With a high degree of customization, it will allow us to teleport to a virtual universe with multiple utilities, from three-dimensional workspaces to immersive video games.

The cryptocurrencies are convergent in the middle of this scenario, so we have prepared the best metaverse crypto coins in Australia in the 2023 review. How and where you can purchase them will also be explained in this guide.

Best Metaverse Coins Australia List 2023

Due to the diversity of metaverse crypto coins available, it can be difficult for Australian investors to pick the right one to invest in while many new cryptos to buy emerge at the same time. Below are our top picks based on our criteria.

1. RobotEra– The Best New Metaverse Project to Invest in For Gains in 2023
2. Decentraland – Overall Best Metaverse Cryptocurrency To Buy In 2023
3. The Sandbox – The Second Best Metaverse Digital Asset To Invest In
4. Axie Infinity – Best Play-to-Earn Gaming Crypto Token On The Metaverse
5. Enjin Coin – Metaverse Crypto Asset On A Comprehensive Ecosystem
6. Ethereum – The Top Metaverse Crypto Blockchain Platform
7. Render Token – Best GPU Network Rending Token Available On The Metaverse
8. SushiSwap – Best Decentralized Exchange With An NFT Marketplace
9. Ontology – Metaverse’s Best Scalable Blockchain Network
10. Wilder World – One Of The Best Low Cap Metaverse Coins
11. Illuvium – Best Metaverse Crypto Project With Fantasy Game Built On Ethereum

A Closer Look at the Best Metaverse Coins to Invest in

1. RobotEra- The Best New Metaverse Project to Invest in For Gains in 2023

RobotEra is a wonderful new Metaverse project that creatively and innovatively implements play-to-earn gaming. Users participate in the ecosystem as robots, managing land parcels, constructing new areas, and interacting with other participants. The project appears to be similar to The Sandbox at first glance, but RobotEra distinguishes itself by allowing users to create assets without having to code. Additionally, the initiative will provide a selection of one-of-a-kind NFT robots for purchase.

The RobotEra ecosystem will be supported by the native TORA token- an ERC-20 utility token with a deflationary supply. TORA will be given to players as a reward for completing tasks in the game and can also be used to buy building materials, valuable NFTs, unlock platform features and take part in the DAO.

The idea behind RobotEra is to provide crypto enthusiasts with an exciting game that allows them to earn real-world value through participation. The game will also enable players to integrate with other metaverse worlds and hold true ownership over any digital assets that they aquire.

Each Robot character is a mintable NFT that is a part of one of seven camps, each of which represents different attributes and benefits. In addition, through mining raw materials, constructing factories, and gathering supplies, players can collect Robot Companion NFTs. Each NFT can be traded.

Investing in TORA is a great way to take advantage of an undervalued coin and profit from future price increases. TORA is currently in the presale stage of its development and this is expected to end in 2023. The number of tokens available for presale is limited so invest now before its too late!

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

2. Decentraland – Overall Best Metaverse Cryptocurrency To Buy In 2023

The first stop on our best metaverse coins list is the MANA token, the first coin issued on the Decentraland network. In 2018, Decentraland was launched as one of a few noteworthy Ethereum blockchain-based metaverse projects that have been around for a while.

After creating an avatar and in-game trading items, a user can have full access to Decentraland’s virtual world. MANA is a powerful currency in the metaverse due to its functionality. For example, wallet transactions in Decentraland employ the MANA token, which has been used to buy virtual real estate worth more than $1 million.

MANA’s value had dropped halved since it reached its all-time high in November when the coin was worth $5.90. For investors looking to get into one of the best coins in the Metaverse, MANA is now a good investment opportunity for under $3.00.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

2. The Sandbox – The Second Best Metaverse Digital Asset To Invest In

SAND, a cryptocurrency that runs on Sandbox, is one of the top major currencies in the metaverse. With this decentralized platform, users can experience virtual reality by combining decentralized autonomous organization systems, non-fungible tokens (NFTs), and blockchain technology.

Since games have failed to take advantage of blockchain technologies so far, The Sandbox intends to create a fully immersive world allowing players to use, create, and exchange cryptocurrency-based assets. In addition, SAND and The Sandbox are designed to emphasize user-generated content to become a game based on the community’s contributions.

Your capital is at risk.

3. Axie Infinity – Best Play-to-Earn Gaming Crypto Token On The Metaverse

Created in 2020, Axie Infinity ranks high as one of the best cryptocurrencies when we consider play-to-earn games. This means that a game allows users to earn rewards when certain tasks are completed, for example, achieving a specific level. In addition, Axie Infinity’s ecosystem encourages users to interact and become more involved with other users.

Digital animals are collected, bred, and reproduced by players. It is then possible to make them into a unique NFT that can then be sold on the open market after they have been minted. Axie Infinity follows the Ethereum blockchain model, just like Decentraland and Sandbox.

67% of retail investor accounts lose money when trading CFDs with this provider. 

4. Enjin Coin – Metaverse Crypto Asset On A Comprehensive Ecosystem

In the Enjin ecosystem, ENJ is the gold standard for digital assets; therefore, it is another popular coin now to buy. Using a platform like Enjin, NFTs can be created, managed, traded, and integrated. Known mostly for its products that help game developers build and market their games in new and exciting ways, it is often praised as one of the leaders in the gaming industry.

Enjin also offers an NFT platform where ENJ NFTs can be traded. In addition, the Enjin wallet and Enjin platform provide developers with tools to create new products that are designed for the metaverse. Due to its amazing design, the Enjin coin is considered one of the best coins in the metaverse. Users can use Enjin coins to purchase items in-game backed by ENJ coins. With these NFTs embedded in ENJ currency, players can either trade them or re-melt them into ENJ currency as often as they desire.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

5. Ethereum – The Top Metaverse Crypto Blockchain Platform

It is no surprise that Ethereum, the blockchain on which many metaverse projects are built, is likely to be the top metaverse coin in the year 2022. The Ethereum blockchain is the first blockchain to implement smart contracts, and all NFTs and decentralized applications are built on it. The ETH token is its native currency. It’s not uncommon for in-game items to be built on Ethereum or measured in Ethereum.

In addition, Ethereum has firmly established itself as one of the best cryptocurrencies to buy according to its market cap. It is currently the second-largest digital asset as market capitalization concerns. Moreover, it turns out that even the best cryptocurrencies in the metaverse are using ETH as an exchange currency on decentralized platforms. This could attract more investors once Ethereum 2.0 is officially launched in 2022.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

6. Render Token – Best GPU Network Rending Token Available On The Metaverse

Regarding GPU network performance tokens, the Render token is one of the best ones. As one of the newest coins, it was launched in April 2021.

NFT artists can now participate in the Ethereum network as its GPU processing power makes it possible to trade between them via the RNDR utility token based on ERC-20. RNDR uses a consensus rendering testing system before the release of the actual piece of work and payment to verify that the rendered work has been carried out correctly.

With the recent integration of the Render Network with the Solana blockchain, the Render Network has proven that it is committed to improving efficiency, power, and scalability for the metaverse through rendering.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

7. SushiSwap – Best Decentralized Exchange With An NFT Marketplace

SushiSwap has grown into a place where users can buy and sell digital currencies without dealing with a third party since it has become a popular decentralized crypto exchange. In early 2022, SushiSwap obtained a market capitalization of $500 million under its popularity.

SushiSwap uses multiple blockchains. SUSHI tokens reward investors who make SushiSwap a viable platform by bringing liquidity. SushiSwap is a fork of Uniswap that offers 0.3% haircuts on liquidity fund transactions and gives SUSHI holders access to governance rights.

SushiSwap’s business model has been strengthened by combining the Metaverse with NFT on a built-in marketplace. The SushiSwap network will allow buyers and sellers to transact decentralized by integrating the NFT trading experience and providing the marketplace via its network.

67% of retail investor accounts lose money when trading CFDs with this provider. 

8. Ontology – Metaverse’s Best Scalable Blockchain Network

Founded in China, Ontology seeks to bring privacy, security, and trust to the Web3 through its decentralized identity infrastructure. Ontology claims that its blockchain can facilitate 4,000 transactions a second in certain test environments, and it can accommodate up to 12,000 in others. It also claims that its transaction fees are as low as 0.05 ONG.

With all of these points taken into concern, Ontology seems like it may be able to host Metaverse projects on its blockchain network. By using Ontology as the basis, individuals and companies can develop their blockchain. Additionally, other developers can customize blockchains to meet their requirements.

67% of retail investor accounts lose money when trading CFDs with this provider. 

9. Wilder World – One Of The Best Low Cap Metaverse Coins

Wilder World is a 5D metaverse that runs on Ethereum, and WILD is the token it uses as its currency. Using Wilder World, players can buy, manufacture, and use standard objects for the game in ETH. Tradeable NFTs include all parts of an in-game game, from terrains, characters, materials, etc.

Unlike some of the best new virtual currencies on the market today, this relatively small-sized metaverse project has nearly the same potential as many new metaverse coins. Given that WILD is a government token, the tokens for WILD will be liable to represent voting rights. By doing this, Wilder World will be able to increase its scale and grow its services and the protocols for building the metaverse.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

10. Illuvium – Best Metaverse Crypto Project With Fantasy Game Built On Ethereum

Illuvium was launched in 2020. Developing an open-world gaming platform is the company’s sole focus. Illuvium has developed an RPG (role-playing game) platform based on an open-world gaming model. Players take part in hunting creatures – commonly referred to as Illuvials – in a fully-immersive nature.

The Illuvium’s native token was initially valued at $68 when it launched in early 2021. The token had already reached a high of $2,800 within seven months, a more than 4,000% increase. It is now relatively affordable to enter the market, with Illuvium’s price around $600.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

What is the Best Crypto to Buy in 2023?

New coins are coming on the market to facilitate the experience in the metaverse. Some of them have already been reviewed in our guide. However, many other cryptocurrencies and digital assets are worth your time.

Among the coins with the best prospects is Lucky Block. This could be wise for those looking to invest in cryptocurrency in general and specifically the best one in 2022.

Launched in early 2022, Lucky Block is creating a global lottery ecosystem that will be accessible to players in all parts of the world by offering a transparent and fair gaming experience. In other words, lottery games will no longer be permitted only within a nation’s borders.

LBLOCK token holders can use the token either to enter the daily jackpot lottery or not to enter the lottery. Instead, they can collect daily dividend payouts from their LuckyBlock tokens according to the terms and conditions.

According to the performance of the price in 2022, Lucky Block is one of the most successful digital currencies so far in the blockchain industry, especially since the turn of 2022, having seen gains of over 6,00% in less than two months. Furthermore, because the Lucky Block token is still valued at less than $500 million as far as market capitalization is concerned, this project might have major upside potential.

Cryptoassets are a highly volatile unregulated investment product.

How to Buy Lucky Block

Step 1: Download the Trust Wallet

PancakeSwap is the only exchange where users can find the Lucky Block token launched early this year. However, it requires you to connect a crypto wallet to access the platform. Installing the Trust Wallet app on your mobile device is the first step to creating an account.

Step 2: Transfer BNB

Binance Coins (BNB) are needed to purchase LBLOCK on PancakeSwap. Connecting BNB to the DEX is a very straightforward process. As the first step, you should connect your crypto wallet to the DEX. After that, BNB can be purchased instantly using a bank card through Trust Wallet if you do not already own BNB.

You must comply with KYC regulations, upload your valid government-issued IDs, and make sure you follow the KYC process for your account verification.

Step 3: Connect to the PancakeSwap Exchange

PancakeSwap now requires you to connect your Trust Wallet. You’re good to go as soon as you have BNB in your Trust Wallet. This can be accomplished by clicking on the ‘dApps’ button before selecting the PancakeSwap logo. When you see the notification, you will need to authorize PancakeSwap to access your Trust Wallet, which we will ask you to do during the authorization process.

Step 4: Buy Lucky Block

By exploring the Lucky Block crypto pair on the PancakeSwap exchange, you will be able to replace your BNB tokens with LBLOCK tokens simply by searching for this crypto pair. First, the number of BNB tokens you would like to exchange for Lucky Block tokens must be entered into this field. Then, you must click the “Swap” button after confirming your purchase to finalize the exchange.

Cryptoassets are a highly volatile unregulated investment product.

What Are Metaverse Crypto Coins?

The metaverse is essentially a collection of various online virtual experiences, environments, and assets. Crypto Metaverses are virtual worlds powered by blockchain technology that allows players to monetize assets in-game and exchange items. Therefore, the metaverse is a fusion of the world of video games, cryptocurrency, and economics, creating an original and exciting experience.

Platforms like Decentraland and Axie Infinity are developing worlds where users can design characters and sell items for crypto, taking advantage of this opportunity. Players can monetize their creativity by playing these ‘play to earn’ games. The Ethereum blockchain is hosting many Metaverse platforms, making it an increasingly valuable tool as this sector of the crypto world grows.

It is estimated that several different metaverse projects are developed around the world to create lifelike interactions and create a whole virtual community. A whole economy can be developed in the virtual space. Then, digital resources rendered in the metaverse will be able to be owned, created, and traded by users.

Buying and selling Metaverse products and services is facilitated by the platform’s native crypto coin, which is essential for the platform’s operations. If the value of the Metaverse token increases, you will make financial gains from investing in the native crypto coin of the project you chose.

Are Metaverse Coins a Good Investment?

It has been announced that Meta Platforms will invest $10 billion in the field of metaverse technologies. Many companies consider this a boosting release that will bring others together to explore the metaverse crypto space and find out the best crypto coins.

Knowing the most recent metaverse crypto news will give you a great foundation for investing in the best metaverse coins to buy, even before you hold them. It is no secret that the crypto project environment is constantly changing, resulting in both volatility and potential in many different fields. Therefore, research and strategy are essential for the successful purchase of metaverse coins since the concept is still in its early stage. Therefore it can still be used as a good investment.

It may come as a surprise then that the novelty of the metaverse comes with some caveats as well. In many cases, the future of many of the projects remains uncertain, as the technology has not been used on a larger scale. In addition, the rise and fall of cryptocurrencies in recent years has revealed that there is a possibility that some coins will never be able to live up to the success they promise in the future.

Metaverse Crypto Price

As with any other cryptocurrency, the price of any digital asset will determine how the market perceives its value. For this reason, it is suggested that, before making any investment decision, you check the current and historical price of your metaverse coin of choice and the market sentiment to make a well-informed decision.

As an investor, if you are optimistic about a particular metaverse project and see great potential for the project’s future, you should expect its price to rise over time.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

The cryptocurrency market, in general, is cyclical, so you should bear that in mind. Consequently, when the broader cryptocurrency markets are performing well, which is usually associated with the performance of Bitcoin, the best Metaverse coins to buy can experience rapid increases in their trading values.

When the market is experiencing bearish periods, on the other hand, it happens precisely the opposite, and the best Metaverse Crypto coins will begin to fail to retain their value. As a reminder, you should know that the price of cryptocurrencies is generally driven largely by hype and speculation.

Best Platforms to Buy Metaverse Coins in Australia – Step by Step Guide

eToro – Overall Best Exchange To Invest In Metaverse Crypto Coins In Australia

eToro is a convenient platform to trade assets from traditional stocks to cryptos. Its assets are easy to trade, and it offers fast transaction speeds. As of today, eToro is one of the world’s largest online brokers, boasting over 23 million users worldwide. Therefore, cryptocurrency traders must ensure their safety, and eToro takes utmost care to protect investors by having extensive regulation from the FCA, ASIC, and CySEC.

The registration process only takes some minutes on eToro. You can fund your profile with multiple payment methods allowing you to invest in the metaverse crypto coins with the same ease as funding any other account. You only need to deposit a minimum of $50 to get started.

Either credit/debit cards, bank transfers, or e-wallets like PayPal may be used to fund an eToro account. No deposit or monthly fee is charged by eToro. Furthermore, eToro provides all users with a free cryptocurrency wallet called eToro Money, with unbreakable keys and advanced security features, making it the ideal place to store Metaverse coins and tokens securely.

Decentraland, SushiSwap, Axie Infinity, Ethereum, The Sandbox, and Enjin Coin are among the top metaverse crypto coins on the eToro platform.

OKX- The Best Platform To Buy Metaverse Coins For All Traders

OKX comes out on top as our second choice for buying the best metaverse coins in Australia. Due to its blockchain technology it has a wide range of cryptocurrencies available. Its educational material and advanced trading tools make it an attractive option for all types of traders.

All your metaverse coins will be completely safe as the platform keeps them cold. Commissions are 0.8% per trade on the platform. It has a wallet available that provides access to more than 600 cryptocurrencies on the market.

If you want to be aware of the best coins in the metaverse, we recommend downloading the platform’s app, as this way you will always be connected to the live market and you will be able to know which are the best coins to buy. As described on its website, it wants everyone to be able to trade and there are no barriers or impediments.

Its interface is very easy to use and creating an account takes a couple of minutes.

How to Buy Metaverse Coins in Australia – eToro Tutorial

There is no complicated process to set up a trading account on eToro. Investing in the best currencies in the metaverse can be accomplished in simple steps. Let’s take a look at them:

Step 1: Open an Account

eToro also requires the registration of an account, just like other regulated trading platforms. This will require the user to enter their name, email address, and mobile phone number to proceed. Once you have chosen a username and a password and entered your address and date of birth, you will proceed to the next step.

75.3% of retail accounts lose money when trading CFDs with this provider. Consider whether you can afford to take the high risk of losing your money. 

Step 2: Upload ID

You will need to upload a copy of your ID to complete the registration process. Select a passport or driver’s license from the list, and your document will be verified in a matter of seconds.

Step 3: Deposit Funds

The minimum deposit required for buying Metaverse cryptocurrencies on eToro is $50. There is no fee for deposits made in USD.

On eToro, using traditional payment methods such as debit or credit cards is the easiest way to deposit funds, as these transactions are processed immediately. Alternatively, you may fund your account via domestic wire transfer, ACH, or electronic wallet.

Step 4: Buy Metaverse Coin

While using the search bar at the top of the screen, you can find any Metaverse token you want to add to your eToro portfolio by typing it into this field.

Once you have clicked on the Metaverse coin you’d like to buy, it will be shown a box where you can place the order. The ‘Amount’ box is where you will specify the amount of money you wish to invest.

You can invest as little as $50 at eToro, regardless of what the price of the token is at the time when the order is placed. Once you have confirmed your Metaverse investment, click on the “Open Trade” button.

75.3% of retail accounts lose money when trading CFDs with this provider. Consider whether you can afford to take the high risk of losing your money. 

Conclusion

Within the cryptocurrency ecosystem, metaverse crypto offers great potential and could bounce entire sectors in the long term. As the Metaverse continues to grow and people start to take advantage of the new possibilities in this area, you will be providing yourself with a good chance at riding the wave of adoption in this area.

Right now, our recommendation is to get started with eToro to get access to Metaverse crypto at a fair price. Then, you can invest in any of the tokens mentioned on our metaverse crypto coins list above with extremely tight spreads.

Along with the most popular cryptocurrencies, you should also consider Lucky Block. It stands out as one of the very promising cryptocurrencies and one of the best ones to begin investing in right now. This is evident just in the data showing the coin’s value. With its innovative blockchain-based lottery platform, the company’s token has already soared by over 6,0000% in 2022 alone due to its groundbreaking features!

Cryptoassets are a highly volatile unregulated investment product.

FAQs

What is Metaverse crypto?

Decentralized, immersive, and based on blockchain technology, the Metaverse is an internet that can be experienced through avatars. Therefore, the Metaverse crypto has seen tremendous growth as a new area of cryptocurrency where the focus is on monetizing virtual worlds contained within the Metaverse. It allows players to create in-game items that they can sell for cryptocurrency tokens, which is a way for the market to support itself.

Where can I buy metaverse coins?

While you are looking for a fast and easy way to buy Metaverse coins, a centralized cryptocurrency exchange, such as eToro - a popular online broker regulated by the Securities and Exchange Commission (SEC) - may be the best option for you to invest in a Metaverse project of your choice. In that case, you only have to deposit $50. The other alternative is to use a decentralized exchange, such as UniSwap or SushiSwap, where you can purchase various Metaverse coins.

How do I buy metaverse crypto?

It is possible to buy Metaverse coins with your crypto wallet by using a crypto exchange. Furthermore, Metaverse tokens can also be bought directly on centralized cryptocurrency exchanges by registering for an account on the exchange itself. So, for example, you can get started at the SEC-regulated brokerage firm eToro in less than five minutes, deposit with a debit or credit card, electronic wallet, or bank wire - and place an order instantly.

Can I buy metaverse coins in Australia?

Yes, it is definitely possible to do so via many exchanges. However, our top choice for trading Metaverse coins in Australia is with eToro, a crypto exchange capable of supporting a comprehensive range of digital assets. Alternatively, Australian traders can also use decentralized exchanges since they do not impose any geographical limitations on the parties involved in the transaction.

What is the best metaverse crypto to invest in?

There are so many outstanding Metaverse crypto coins available on the market, including Decentraland, the Sandbox, and Axie Infinity, which we consider the most valuable and most popular ones among investors. Ethereum is also a suitable alternative since many Metaverse projects use it as the blockchain of choice.