Altcoin Daily Lists Top 5 Metaverse Tokens With Strong Fundamentals
Austin Arnold, a crypto analyst and the host of Altcoin Daily lists his favorite metaverse tokens that have the strongest fundamentals according to him.
Theta Network (THETA)
Arnold shared with his 1.13 million subscribers on YouTube that he is closely following peer-to-peer video delivery blockchain Theta Network (THETA). According to the analyst Theta has placed itself in a key infrastructure position for the development of the metaverse.
“As metaverses and metaverse-based ‘virtual live’ events and gaming continue to grow, Theta is positioned as the key infrastructure to power them across the technology stack. Their high concurrent user count of metaverse live events are a perfect fit for a peer-to-peer video and data delivery and showcase the need for the Theta protocol.”
Gaia Everworld (GAIA)
The analyst also has his eyes on Gaia Everworld (GAIA) – a multi-region fantasy game backed by big names including blockchain network Polygon, on which the game is built on. Gaia Everworld is an immersive game where players can explore and build kingdoms. Arnold believes that GAIA has potential due to its unique technology and strong backing.
“We can see some of the big names backing this project right here – Polygon, AU21 Capital, Bullperks, EnjinStarter…definitely a differentiator. Also a differentiator: the technology. They have Unity 3D, they have the Unreal Engine, and of course, built on Polygon.”
Star Atlas (ATLAS)
Next up on the trader’s list is Star Atlas (ATLAS), a Solana-based space-themed adventure game that also features non-fungible tokens (NFTs). ATLAS is on Arnold’s radar because of its rapidly growing community, he says.
“One of the big reasons I feel Star Atlas is a metaverse to watch is because of how fast the community is growing. The Star Atlas Discord server has just reached 100,000 members. This is a great achievement for the community, the team.”
Axie Infinity (AXS) & Decentraland (MANA)
Arnold also mentions other metaverse tokens which have grown in popularity: play-to-earn blockchain-based game Axie Infinity (AXS), and virtual reality platform Decentraland (MANA), which are the 1st and 4th games, respectively, on the list of top gaming projects with the highest social volumes.
