The host of popular crypto commentary and market analysis show Coin Bureau recently talked about his top five undervalued altcoins in the growing world of virtual real estate and the metaverse.
Speaking in a recent YouTube video, Coin Bureau host “Guy” told subscribers that $AXS, a native token of Ethereum-powered monster-battle and non-fungible token (NFT) based game Axie Infinity is one of his most bullish virtual real estate altcoins.
Here is how the Axie Infinity white paper introduces this game:
“Axie Infinity is a game universe filled with fascinating creatures, Axies, that players can collect as pets. Players aim to battle, breed, collect, raise, and build kingdoms for their Axies. The universe has a player-owned economy where players can truly own, buy, sell, and trade resources they earn in the game through skilled-gameplay and contributions to the ecosystem.
“There are and will be many varied games experiences for Axies. Many of them will have players compete with each other using complex strategies and tactics to attain top rankings or be rewarded with coveted resources. Others will have them complete quests, defeat bosses, and unlock in-depth storylines.
“There are countless unique Axies that players can collect with varying body parts and appearances. Body parts will unlock abilities for Axies that vary across games, they will have completely different values, benefits, and skills from one game to another. Body parts also have their own unique card art for players to collect.“
As reported by The Daily Hodl, Guy said,
[Axie] must hold a top-five position in my eyes simply because of its historical value as arguably one of the earliest expressions of in-game real estate.
Guy was also bullish on the Ethereum-based virtual reality world Decentraland ($MANA). Guy claimed the world’s 90,000 plots of digital real estate were already sold out, but could be increased in the future via DAO voting.
The Coin Bureau host also highlighted $SAND, the native token of The Sandbox as another virtual real estate altcoin for investors to follow. According to Guy, users can build, own and monetize digital land assets in addition to creating games and 3D dioramas in The Sandbox world.
Guy rounded out his top five with lesser-known altcoins Bit.Country ($NUUM) and Aavegotchi ($GHST), which are both metaverse projects that are centered around collecting and trading virtual plots of land.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.