Home 10 Best Metaverse Crypto Coins to Invest in March 2024
Jose Rafael Aquino Finance Wriiter Author expertise
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The Metaverse is an immersive world that harnesses virtual reality and augmented reality to facilitate social connection on a new level. For several years, the metaverse has been evolving along with the expansion of AI and blockchain technology. In 2023, major companies including NVIDIA and Unity are increasing their investments in metaverse technology to stay ahead of the curve and several metaverse crypto projects are competing for top spot in the industry.

Metaverse cryptos are the tokens that support different immersive virtual worlds. These tokens can be used to access platforms, purchase digital assets, participate in governance and much more. Metaverse tokens are appealing to investors who want to diversify their portfolio with utility tokens that are tied to technological advancements.

In this article, we will discuss the best metaverse crypto projects to invest in June 2024. To find the top projects, our team of expert writers spent time reviewing different options with a strong focus on token utility, project growth potential and community presence.

Best Metaverse Cryptos in June 2024

Various metaverse crypto coins and projects exist and range from small, mid-sized, and large. A list of the best metaverse coins to invest in for us can be found below.

  1. Decentraland (MANA): A user-governed metaverse world that rewards players for creating digital assets and interacting with the ecosystem. Decentraland is powered by the MANA token which can be used to buy land, resources and take part in governance. The project has a fixed supply of 2.19 billion MANA tokens and the largest market cap of any metaverse crypto project.
  2. The Sandbox (SAND): An immersive play-to-earn metaverse game that rewards users for building, creating interacting and completing tasks. All digital assets within the game can be minted as NFTs, providing users with numerous ways to monetize their gameplay. Invest in SAND tokens to access the platform and start earning crypto from the metaverse.
  3. Axie Infinity (AXS): Axie Infinity is an adventure metaverse game in which players play as Axi avatars to complete quests and win battles. To play the game, users must own AXS – the native cryptocurrency of the ecosystem. AXS is an ERC20 token that can be staked for passive rewards, used within the game or used to unlock governance rights.
  4. Enjin Coin (ENJ): Enjin is an NFT blockchain network that is powered by the ENJ token. The crypto has been named ‘fuel for the metaverse’, referring to its strong use cases within the network. ENJ is used for all Enjin blockchain on-chain transactions, powering apps, governance and blockchain maintenance. ENJ holders can earn tokens for validating transactions.
  5. Ethereum (ETH): The second-largest crypto by market cap that supports hundreds of Metaverse applications including Decentraland and The Sandbox. The blockchain network can be used to build smart contracts and dApps with no downtime or interference from a third party.
  6. Internet Computer (ICP): The first ‘world computer’ blockchain that can be used to build any applications or online systems including metaverse ecosystems. Internet Computer enables full end-to-end decentralization using the native ICP token to verify transactions and power computation
  7. Ontology: A high-performance, open-source blockchain network with a unique infrastructure. The network offers a flexible approach and facilitates scalability as well as cross-chain collaboration.
  8. Wilder World: A virtual reality metaverse platform that allows users to explore, interact and earn whilst they play. Wilder World is built on the Ethereum network and is supported by the $WILD token which can be used to access the ecosystem, generate resources and take part in governance.
  9. Illuvium: An open-world fanatasy metaverse game that is supported by Ethereum technology. Illuvium appeals to both casual gamers and DeFi enthusiasts and aims to increase adoption of dApps through exciting gameplay. Players can earn rewards for winning battles and completing missions. Rewards are given in the form of ILV tokens which can be used for governance.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

What are Metaverse Crypto Coins?

Metaverse coins are tokens that are designed to support digital worlds or metaverse technology. Metaverse tokens can also refer to tokens that are used to facilitate application development or the maintenance of metaverse blockchain networks.

The metaverse is a virtual space that uses virtual reality and augmented reality to create an immersive web3 experience. Metaverse tokens act as the main form of exchange in these worlds and can be used to unlock various aspects of each ecosystem.

Metaverse crypto coins enable users to interact with different elements of the environment in a way that is transparent and tied to real value.

Examples of popular metaverse cryptos include SAND and MANA which can both be used to buy and sell digital assets, access governance and reward users for their participation in each virtual world.

Metaverse cryptos are built on blockchain technology and can be traded in the same way as traditional crypto tokens. The value of metaverse coins largely relies on user interest in metaverse technologies and platforms. Therefore, the tokens are prone to volatility.

How is crypto used in the metaverse?

Crypto has several use cases within the metaverse but the main function is as a means of exchange within each ecosystem. Utility tokens are used to buy digital assets, unlock platform features, trade assets and access governance. Utility tokens can also be used to fund metaverse platforms and to reward users for achievements and participation.

Another prominent use case of metaverse crypto is to maintain the blockchain network. These cryptocurrencies help to verify on-chain transactions, sustain blockchain security and to provide liquidity to each network. Examples of cryptos that help to maintain their blockchain network include ETH, MATIC and ADA. These tokens are not used within smaller metaverse worlds but support the underlying technology on which the metaverse is built.

How to earn crypto in the metaverse

The integration between crypto and metaverse technology means that users can earn rewards that have real-value by participating in different ecosystems. Play-to-earn is a popular feature of the metaverse that makes it possible for users to earn free tokens by participating in virtual worlds.

There are several ways that you can earn crypto within the metaverse:

  • Battling other players.
  • Completing missions or quests.
  • Building and selling digital assets.
  • Investing in virtual real-estate and renting it out to other users.
  • Staking and lending.

Are Metaverse Coins a Good Investment in June 2024?

Investing in metaverse crypto is a good way to diversify your portfolio whilst participating in ecosystems that could reward you with free tokens. However, the performance of metaverse crypto is tied to the popularity of the platforms that they support which means that it is difficult to predict their long term potential.

Metaverse coins experienced a brief bull run at the beginning of the year when other cryptocurrencies seemed to suffer. However, since then the prices have been very volatile and many metaverse cryptos have struggled to maintain their peak value.

One way to hedge against this volatility is to diversify your investments into a number of tokens that have unique utility within the metaverse. For example, you could invest in gaming tokens, governance tokens and currencies that support blockchain networks. By spreading your investments over several projects, you are less likely to get wiped out by one factor.

Never the less, the metaverse is still an emerging industry that has room for growth. As a result, many experts believe that tokens are currently undervalued and will experience growth along side the expansion of the industry.

Read more: Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts

The risks of investing in metaverse crypto

Metaverse cryptos are volatile assets that depend largely on trends and investor sentiment. Therefore, it is difficult to predict the price potential of metaverse coins. This makes the tokens a high-risk investment and it is important to conduct thorough research before making any decisions.

Another risk that is associated with investing in metaverse crypto is that the assets are unregulated. The legal standing of cryptocurrencies has long been up for debate and there is always a chance that projects could come under fire from regulators, which could provoke sell-offs. This has been seen recently with the SEC vs Ripple case that saw the value of the token fall by 63% after the lawsuit was announced.

Finally, there are hundreds of different metaverse projects available which can make it difficult for platforms to gain traction. This is particularly problematic for newer metaverse projects that may struggle to stand out from established competitors. Therefore, some metaverse cryptos may never receive the level of demand that is required to send their value upwards.

A Closer Look at the Best Metaverse Tokens to Invest in 2024

Th metaverse is still considered to be an emerging industry which means that there is huge room for growth. Our writers spent time finding promising crypto tokens with growth potential that could be worth considering in 2024.

1. Decentraland – The largest metaverse crypto by market cap

Next on our list of best metaverse crypto coins to buy is the MANA token, the native network coin of Decentraland. Decentraland is a platform built on the Ethereum blockchain and is one of the leading metaverse projects having launched back in 2018.

best metaverse crypto

In Decentraland, users are fully immersed in the metaverse after creating their own avatar, trading in-game items, and interacting with other players. What makes MANA one of the best metaverse coins to buy is due to its utility. All transactions in Decentraland use the MANA token and purchases of over a million dollars for virtual real estate have been made.

In terms of the current token price, MANA has halved in price since January 2023 and is currently trading at around $0.4. With MANA currently priced below it’s all time high of $5, it can be considered a value play to invest in one of the best metaverse crypto coins.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

2. The Sandbox– Popular play-to-earn crypto that rewards players for building in-game assets

SAND token is the native utility token of The Sandbox. The Sandbox is a decentralized platform that integrates decentralized autonomous organization (DAO) systems, non-fungible tokens (NFTs), and blockchain to create a virtual world for its users.

The Sandbox metaverse crypto coins

As gaming has yet to fully adopt blockchain technologies, The Sandbox looks to create an entirely immersive universe that uses crypto-based assets that its players can use, create, and trade among other users. With this, SAND and The Sandbox focuses on a lot of user-generated content which makes for a stunning community-based game.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

3. Axie Infinity– Player-vs-player battle game ecosystem that rewards successful players with crypto tokens

Axie Infinity is a play-to-earn game where players use their axie NFTs to trade, battle, and breed. Axie Infinity Shards (AXS) are the tokens used to reward players who reach the top ranks of the PvP leaderboards at the end of the season. Together with Smooth Love Potion (SLP), AXS powers the play-to-earn Axie Infinity game.

axie infinity top metaverse crypto

What makes AXS one of the best metaverse coins is its integral role in the play-to-earn game. As more players collect, raise, and breed their axies, the demand for the AXS token increases. The platform also facilitates the growth of its ecosystem through features like an NFT marketplace in the Axie Marketplace which boasts $3.6 billion worth of digital assets traded since its launch.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

4. Enjin Coin– The native crypto of the Enjin ecosystem that can be used to build and monetize crypto games

ENJ token is the gold standard for digital assets within the Enjin ecosystem. Enjin is a platform that helps create, manage, trade, and integrate NFTs. They’re most known for gaming since their products help developers build, promote, and monetize their crypto games in ways unlike before.

enjin metaverse crypto

Aside from the Enjin wallet and Enjin platform which provide tools for developers to create new metaverse products, there’s also the Enjin marketplace which is a trading platform for ENJ NFTs. The Enjin coin is one of the best metaverse coins to invest in because of its design. ENJ-backed items can be earned by players as in-game rewards. These NFTs are ENJ coin-infused so that players can either trade them or melt them back into ENJ coins any time.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

5. Ethereum – The Ethereum network is the foundation for hundreds of metaverse ecosystems

We can’t talk about the best metaverse coins 2024 without mentioning Ethereum, the blockchain that many metaverse projects have been built on. Ethereum was the first blockchain to integrate smart contracts which all NFTs and decentralized apps are built upon. Most in-game metaverse items are either built on Ethereum or usually measured in terms of ETH, the native coin of Ethereum.

ethereum best metaverse crypto 2023

As the second-largest cryptocurrency in terms of market cap, Ethereum has cemented itself as a crypto standard. Even the best coins in the metaverse and the best metaverse crypto coins are paired with ETH in decentralized exchanges. Perhaps the launch of Ethereum 2.0 this 2024 will further add investors into the space.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

6. Internet Computer – The ‘world computer’ blockchain network that can be used to build metaverse systems

Internet Computer is a ‘world computer’ blockchain network that uses cloud 3.0 and web 3.0 technology. The network was created to support any web3 systems and to allow them to be created without the interference of a third party. Internet Computer can be used to build metaverse ecosystems, cryptocurrency exchanges, trading tools and much more.

internet computer top metaverse crypto

Traditional blockchain networks do not have the computational power to be used in a singularity. Internet Computer aims to solve this issue with a powerful system that runs on node machines (PoUW). The system is regularly updated by a fully automated DAO which is decentralized in nature.

Another major component of the Internet Computer is its ability to execute code on any blockchain network. This means that it can be used to build applications that can cross-chain capabilities.

As the network develops, Internet Computer could make it easier for new metaverse projects to be built. Therefore, this could be an interesting coin to watch if you’re looking to invest in the metaverse.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

7. Ontology – A high-speed, low-cost public blockchain that enables individuals to build their own web3 applications

Web3 has been a popular term that has been coupled with the metaverse for this year’s hottest web3 crypto projects. Ontology is a crypto project that looks to bring trust, privacy, and security to Web3 through its decentralized identity infrastructure. As plans of holding the metaverse in Web3, Ontology’s native token ONT can be placed among the best metaverse coins to invest in.

ontology what is metaverse crypto

Launched in 2018, the Ontology blockchain is a high-speed and low-cost public blockchain. It’s backed by a passionate community and team that aims to allow individuals and enterprises to build their own blockchains on top of the Ontology blockchains. They’ll enable others to build blockchains to suit their own specific needs.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

8. Wilder World – Immersive 5D Metaverse with WILD Governance utility token

The WILD coin is the native token of Wilder World, a 5D Metaverse built on Ethereum. In Wilder World, users can buy and build in-game items that are standardized in ETH. Everything from land, figures, materials and other in-game assets will be represented in tradable NFTs.

wilder world top metaverse crypto

This relatively smaller-cap metaverse project carries with it almost the same potential as some of the best new metaverse coins and best metaverse coins to invest in. WILD tokens will be used as voting rights since WILD is a governance token itself. This will help incentivize Wilder World’s expansion and grow metaverse-building protocols and services

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

9. Illuvium – Ethereum-based fantasy battle game that exists in the metaverse

What happens when triple A game technologies meet blockchain and cryptosystems? Illuvium is one such synthesis of the two technologies as an Ethereum-based open-world fantasy battle game. The platform looks to be a source of gaming for both casual and competitive communities who look to collect and trade their in-game NFTs.

illuvium metaverse crypto projects

The ILV token is the main cryptocurrency used to reward players for in-game accolades and trading as well as used to participate in the governance of the Illuvium DAO. Illuvium can be looked at as a fusion between open-world gaming and PVP fighting. ILV is last, but definitely not the least among the best metaverse coins to buy.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

How to Trade Metaverse Coins in 2024

In the following section, we will explain how to buy metaverse crypto on eToro.

eToro is a regulated exchange that currently supports 25 crypto assets including MANA, SAND, ETH and ENI. It is also possible to invest in tokens that can be swapped for other coins through presales and decentralized exchanges. Here is how to invest in cryptocurrencies using eToro.

Step 1: Open an account

etoro best new metaverse coins

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Head over to the eToro website and create an account. Simply fill in the necessary details in the form or if you have a Facebook or Google account, you can use that to sign up too.

The account creation process should take no more than 15 minutes to complete.

Step 2: Upload proof of ID

etoro best metaverse coins to buy now

Next, eToro requires all its users to verify their identity according to KYC requirements. To do this, simply upload a clear copy of a valid ID.  Also, proof of address is required which can be done by uploading a utility bill or bank statement.

Step 3: Deposit funds

With your account verified, you can now deposit funds. The minimum deposit for eToro is $20 and you can pay this through bank transfer, bank card, and other e-payment methods like PayPal.

Step 4: Purchase metaverse coins

best coins in metaverse

Now that your account is funded, you can start looking and purchasing the best metaverse coins to invest in! Go to the search bar and type the coin you want to buy. Then, click the ‘Trade’ button when it pops up. Enter how much you want to purchase and optionally set your stop loss and take profit values. Press ‘Open Trade’ and you’re done!

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.


Investing in metaverse cryptos is a good way to diversify your portfolio with tokens that have web3 utility. Metaverse coins can be used to access ecosystems, earn rewards and access governance.

In this article, we have taken a look at 10 promising tokens that all offer unique use cases and potential. We have also discussed the advantages and risks of investing in metaverse projects to help you to better understand whether the tokens could be a suitable investment in 2024.

Metaverse cryptocurrencies are volatile and there is always risk involved with investing. It is a good idea to conduct thorough research and analysis before making any investment decisions.

Nevertheless, our top project for June 2024 is Decentraland. The metaverse token currently has a bullish sentiment amongst investors and could profit from the emerging web3 gaming trend.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.


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Jose Rafael Aquino Finance Wriiter

Jose Rafael Aquino Finance Wriiter

Jose Rafael Aquino is a seasoned writer who specializes in the Finance and Tech industries. Jose is passionate about education and uses his writing skills to create informative content that improves the reader's understanding of complex industries. 

Before he started working as a writer, Jose studied at the Ateneo de Manila University where he was awarded a Bachelor of Science in Information technology Entrepreneurship. After graduating, Jose founded AKADS PH - a tech startup that allows parents to book tutors for students. Aquino has a strong understanding of the tech industry which extends to blockchain and web3 technologies.