- Mack Lorden recently began investing in cryptos that are used in leading metaverse projects.
- He picks projects based on their appeal, including the quality of the graphics and storyline.
- He’s now focused on teaching retail investors how to leverage the crypto market to build wealth.
The metaverse has been making headlines after Facebook announced its rebranding campaign and its upcoming name change to Meta.
The news sent many crypto and gaming enthusiasts rushing to buy up cryptocurrencies affiliated with or used within virtual worlds.
Those enthusiasts included Mack Lorden, a crypto investor since 2017, whose first investment was in litecoin because it was the third crypto that Coinbase was about to list at the time. From a technical standpoint, he’s always looking for the best risk-to-reward crypto investment at any particular time.
Now he sees the metaverse as the new frontier, which is why he recently began buying up cryptos tied to this burgeoning sector.
“The metaverse idea is very fascinating to me. Anyone who’s seen ‘Ready Player One’ can kind of see the potential,” Lorden said.
Lorden picks metaverse projects based on their appeal, including the quality of the graphics, storyline, and conquests available within the game. Some of these platforms allow users a full sensory experience via headsets, as an escape from the real world. What’s even more impressive is the opportunity to earn crypto within these spaces, he said. These tokens can be liquidated into real-world currency.
Lorden is the founder of Faceless Crypto, an online community focused on teaching retail investors how to leverage the crypto market to build wealth. He shares most of his informational content on TikTok under the username Macklorden.
One thing he flags is that this sector is as high-risk as it gets. It’s a brand new industry and many of these metaverse platforms are still being built.
Additionally, Facebook’s recent rebranding announcement brought attention to many metaverse-linked cryptos, causing big price pumps that may be followed by corrections.
With that in mind, Lorden shared six altcoins that he thinks could help create the future of payments in the metaverse.
Top crypto picks for the metaverse
Lorden’s favorite metaverse project is Star Atlas. This metaverse uses two cryptos: polis, which is its governance token, or decentralized autonomous organization (DAO), and atlas, an in-game currency. The phenomenal graphics and the game’s conquest-style theme piqued his interest.
“Stuff that excites me the most is the space and kind of sci-fi-focused ones, which is what you see in ‘Ready Player One,'” Lorden said. “So Star Atlas was a phenomenal-looking game based on the production quality of the promo videos, the website, and just the general quest.”
In Star Atlas you can set up colonies and earn tokens that can be liquidated into real-world fiat. Between the two tokens, Lorden’s more bullish on atlas simply because its name will be more recognizable when the platform begins to go mainstream. This digital world is built on solana’s blockchain.
As of Monday, atlas was trading around $0.1861, while polis was at $9.29, according to CoinMarketCap.
The next metaverse project on Lorden’s radar is Bloktopia, which uses the crypto blok. A user will need this native currency in order to transact within the metaverse, and transactions are facilitated through NFTs on the Polygon Network.
The world of Bloktopia is a gigantic 21-story skyscraper, and users known as Bloktopians can buy digital real estate within the skyscraper using blok. A landlord can then re-sell their digital property, or lease it out to advertisers for passive income.
On Monday blok was trading near $0.078, according to CoinMarketCap.
Wilder World is another metaverse and it uses the crypto wild. It’s a dystopian space that allows users to purchase digital land, cars, and even shoes, with a focus on NFT ownership and trading. It’s built on the ethereum blockchain.
Lorden is impressed by the rapid improvements the project has been making. As of Monday, wild was last trading around $4.48, according to CoinMarketCap.
The next metaverse Lorden is looking at is UFO Gaming, and its crypto is ufo. He notes that this one is probably the highest-risk of all of these because the project started out as a meme and is becoming more legitimate. Lorden admits he “aped into it,” but so far it’s done well for him.
Ufo was last trading around $0.00002629, according to CoinMarketCap.
Finally, Dark Frontiers is another gaming platform and its crypto is dark. Lorden gravitated towards Dark Frontiers simply because of its conquest-based theme, in which users purchase digital real estate using dark so that they can stake their territory, which gets them more dark, or sell it for a profit.
As of Monday dark was trading at around $0.72, according to CoinMarketCap.
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