Metaverse tokens are a type of virtual token/currency that users can use in order to make digital payments or transactions within the metaverse. These tokens are different from cryptocurrencies and can vary from platform to platform. However, you may need cryptocurrencies in order to purchase these metaverse tokens. Metaverse tokens are necessary for a user to enter the digital world. Without Metaverse tokens, it's hard for a user to interact with the elements. These tokens also offer ownership over certain elements. List of Top 5 Metaverse Tokens – AXS, SAND, BLOK, ENJ, and MANA. Here, at 101 Blockchains we always offer the best of the best courses for educating you about blockchain and its ecosystem. For metaverse we also offer a specialized course. The following courses will help you -> Metaverse Fundamentals https://academy.101blockchains.com/courses/metaverse-fundamentals NFT Fundamentals Course https://academy.101blockchains.com/courses/nft-fundamentals Introduction to DeFi Course https://academy.101blockchains.com/courses/defi-course Tokenization Fundamentals https://academy.101blockchains.com/courses/tokenization-fundamentals Learn more about the certification courses from here -> Certified Enterprise Blockchain Professional (CEBP) course https://academy.101blockchains.com/courses/blockchain-expert-certification Certified Enterprise Blockchain Architect (CEBA) course https://academy.101blockchains.com/courses/certified-enterprise-blockchain-architect Certified Blockchain Security Expert (CBSE) course https://academy.101blockchains.com/courses/certified-blockchain-security-expert Learn more from our guide -> https://101blockchains.com/top-metaverse-tokens/

1. TOP 5 METAVERSE
TOKENS TO WATCH
101blockchains.com

2. What Are Metaverse
Tokens? Metaverse tokens are a type of virtual
token/currency that users can use in order to
make digital payments or transactions within
the metaverse.
These tokens are different from
cryptocurrencies and can vary from platform to
platform. However, you may need
cryptocurrencies in order to purchase these
metaverse tokens.

3. Does Metaverse
Tokens Offer
any Benefits?
Metaverse tokens are necessary for a user
to enter the digital world. Without
Metaverse tokens, it's hard for a user to
interact with the elements.
These tokens also offer ownership over
certain elements. Items bought with the
tokens can be resold in blockchain-
based platforms for a higher value. This
creates a new investment model and a
source of income for the users.

4. List of Top 5 Metaverse Tokens
AXS
SAND
BLOK
ENJ
MANA

5. What Is AXS? AXS or Axie Infinity Shards are the
native tokens of the Axie Universe. Users
who will hold the tokens will control the
future upgrades of Axie Infinity by
voting for or against a specific upgrade.
AXS tokens are necessary for this
universe to perform smoothly. Also,
there are special bonuses in place for
AXS holders if they play the game, stake
their coins, or even participate in the
governing authority.

6. AXS Use Cases
Staking
Governance
Payment

7. Staking: Players or users can lock up their AXS tokens to earn newly
minted AXS. Stakers may also have additional benefits regarding
gameplay and governance.
Payment: AXS is the official currency within the NFT marketplace for
Axie. Also, AXS will determine who can participate in a products sale
or auctioning process.
Governance: AXS stackers will take part in the governing body of Axie
Infinity called the "Community Treasury." This community will receive
revenues from Axie and will also get a part of staking rewards. But this
still needs to be fully decentralized before properly launching.

8. What Is SAND? SAND is the native token of The
Sandbox ecosystem. SAND
holders can take part in the
governance of the platform using
a DAO or Decentralized
Autonomous Organization.
Here, the users can take part in
the voting system or even make
key decisions in the virtual world.
It's an ERC-20 token, and it's built
on the Ethereum platform.

9. Accessing the Platform: Players can use SAND to buy equipment,
play games, or customize their Avatar's looks, and acquire ASSETS,
LANDS, etc.
Governance: SAND can allow players to help game creators prioritize
specific features needed for the game and take part in the overall
roadmap of the game.
Staking: SAND offers an option to take this token. It will help the
players get a passive income source and even get access to more
LANDs.

10. Fee Capture Model: This model allows SAND token stackers to receive
rewards. Here. 5% of transactions carried out with the SAND token
will amount to 50% in the staking pool. And the rest, 50%, will go to
the Foundation.
Foundation: Foundations' role with the ecosystem is to support the
Sandbox. This organization will incentivize game production and
high-quality NFT production. The Foundation has already supported
over 100 artists and 15 games and ensures that the metaverse keeps
on growing.

11. What Is BLOK? BLOK is a metaverse token native
to Bloktopia. Users will need
BLOK tokens to buy any item
within the ecosystem or even
lease out the virtual real estate of
Bloktopia.
Also, BLOK is a utility token, and
it comes with a range of features
such as staking, presales,
exclusive event access, etc.

12. How Can You
Buy BLOK?
Users will get access to BLOK
tokens from public and private
investment rounds. After the
rounds are closed, the users or
investors will create a wallet, and
the tokens will get distributed to
those wallets.
Even if any user has missed the
public and private rounds, they
can get the token from
exchanges.

13. What is
REBLOK?
Other than BLOK token, there is another
marketplace where users can buy real
estate with their BLOK token. These will
be called REBLOK. REBLOK will represent
the real estate owned by the users.
There are two types of REBLOK
ownership – sole and joint. In Sole
ownership, real estate will be represented
by only a single NFT. For Joint ownership,
it will be represented by multiple NFT.

14. What Is ENJ? ENJ or Enjin Coin is the native
token of Enjin. It's an Ethereum
based token, and it's used to give
value to NFTs or non-fungible
tokens.
ENJ is a utility token specifically
for NFTs. Users can use ENJ
tokens to create their NFTs and
increase their value.

15. Trust: Creators can exchange back their NFTs to ENJ anytime. This will increase the
confidence in the NFT and NFT based projects.
Scarcity: When users melt or exchange their NFTs, the scarcity of NFT will increase.
This will lower the supply chain and will increase the value for other NFTs.
Authenticity: Every NFT will have ENJs stored within. This will act as a provenance
for the authenticity of the NFTs, and it will also make it compatible with Enjin
ecosystem.
Benefits of ENJ Token

16. Value: The value of NFT is directly related to the ENJ that is backing it up. This effort
makes ENJ a gold standard.
Tangibility: Unlike other forms of digital assets, as NFTs are backed by ENJ, they
can be destroyed anytime, and the users will get back their ENJ tokens.
Anti-inflation: ENJ tokens are limited and a scarce resource. Thus, by backing up
NFTs, the platform can regulate asset creation.
Benefits of ENJ Token

17. MANA is a native token within
Decentraland. It's an ERC-20
token and uses Ethereum
blockchain as the base of the
token.
In Decentraland, you can use
MANA to pay for various services,
elements, goods, etc. Users can
store MANA in crypto wallets.
What is MANA?

18. MANA plays a huge part in LAND
tokens. Users need to have MANA in
order to acquire LAND tokens. LAND
tokens are real estate parcels within
Decentraland, meaning these represent
the virtual real estate of Decentraland.
Here, the virtual world uses Ethereum
to track the ownership of the lands, and
it will require the users to hold their
MANA in an Ethereum wallet.
MANA's Role

19. Aside from buying LAND tokens using
MANA, users can use MANA to transact
different parcels or buy wearables, in-
game items, and even unique names.
Also, MANA holders can take part in
their governing system, which is a DAO.
Participation in DAO will give users the
right to vote for the virtual world's
progress and future additions.
Other Benefits

20. Learn More About Metaverse Tokens
Metaverse Fundamentals
Course
https://academy.101blockchains.com/courses/
metaverse-fundamentals
Introduction to DeFi
Course
https://academy.101blockchains.com/courses/d
efi-course
NFT Fundamentals
Course
https://academy.101blockchains.com/courses/
nft-fundamentals
Tokenization
Fundamentals
https://academy.101blockchains.com/courses/to
kenization-fundamentals

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