Written by Logan

On January 26, 2022

Metaverse week at Metal

Metaverse week was a huge success at Metal Pay!

Our users recently saw the addition of five new Metaverse-themed cryptocurrencies to the Metal Pay Marketplace, bringing the total number of cryptocurrencies available on our Marketplace to 62!

Here’s a look at the five new projects we’ve added:

MANA – Decentraland

Created to be one of the first ever virtual reality worlds that is owned by its users, Decentraland has a growing community of users who explore new worlds, spend time with friends, and build creations in virtual reality. Much of what you use in Decentrland is tradable, which is where the MANA token comes in. MANA is an ERC-20 token that can be burned for their native ERC-721 LAND token, or traded directly for avatars, wearables, collectible items, and more in the virtual Decentraland Marketplace. At the time of this blog post, MANA is the #31 cryptocurrency by market cap, with a value of over $5.6 billion.

SAND – The Sandbox

Utilizing a combination of distributed autonomous organizations (DAOs) and non-fungible tokens (NFTs), The Sandbox is a virtual reality world built fully on blockchain technology. This decentralized, community-driven project lets users play games, collect items, and interact with friends in virtual reality. The SAND token is an ERC-20 token that is used as the basis for transactions and interactions in The Sandbox. With a current market cap of $4.4 billion, the SAND token is ranked #36 by market cap.

ENJ – Enjin

The Enjin Network is a social gaming platform that lets users create websites, build clans, talk with other users, and host their own NFT storefronts. With various games using the Enjin blockchain to offer NFT capabilities, Enjin is a growing name in the broader metaverse. The Enjin coin is used to tokenize in-game items and activities, allowing developers a way to make parts of their game provably scarce. The ENJ token is currently ranked #64 by market cap, with a total value of over $1.9 billion.

WAXP – WAX

Built for the future of e-commerce, the WAX blockchain was designed to make online transactions more efficient and more secure. Known as the Worldwide Assetx eXchange, WAX is an eco-friendly blockchain solution for NFT transactions, video games, and other collectibles. The WAXP token uses a delegated proof-of-stake (DPoS) consensus mechanism that is fully compatible with EOS blockchains and can be ported over to the Ethereum blockchain using the WAXE bridge. With a $700+ million market cap, the WAXP token is ranked #102 by market cap.

CHZ – Chiliz

Not to be confused with everyone’s favorite Tex-Mex restaurant, Chiliz is a cryptocurrency designed for sports and entertainment brands. Having built the sports fan engagement platform Socios.com, Chiliz has created a way for fans to interact directly with their favorite sports teams, athletes, entertainers, and more. The native CHZ token acts as an on-platform currency for purchasing fan tokens, influencing sports club decisions, and guiding the project as a whole. Currently ranked #72 by market cap, the CHZ token has a total value of over $1.5 billion.

Metal and the Metaverse

We’re excited to see the future that is being built on Web3.0. The Metaverse promises to be a bold new frontier for billions of people around the world, creating a new way for people to become part of a virtual, distributed community. At Metal, we’re passionate about giving our users access to the Metaverse and Web3.0 as soon as possible, which is why we’re always on the lookout for new Metaverse projects to add to Metal Pay. That’s also why we built the WebAuth Wallet, the best way to manage your cryptocurrency, prove your identity, and secure your accounts.

As the Metaverse continues to mature and Web3.0 becomes more of a reality, you can expect to see Metal making moves to accelerate our users into this bright new future. There will be more listings to come as we build out the Metal Pay Marketplace and continue to make Metal the best way to use cryptocurrency.

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We’re always working on new ways to give back to our community, bring them new features, and keep Metal Pay the best place to buy, sell, send, and receive cryptocurrency. Be sure to keep a close eye on our Metal Pay Twitter account for the latest updates, and stop by the Telegram community for Metal Pay to meet new people, talk to team members, and more.

🤘 Your friends at Metal 🤘

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