You’ll see a lot of metaverse coins in games, and Enjin is no exception. It’s a metaverse-style gaming environment where you can “mint” the local token, ENJ, which you can then use to buy assets that will help you progress in the game. Everything in the game, from medicine to feature enhancement of your character, can be paid for with ENJ. So it’s also like a marketplace. Enjin is based on the Ethereum blockchain and has $543.67 million worth of market cap. Enjin recently launched the first-ever NFT parachain on Polkadot, making available over 100 games and apps. After reaching 500,000 wallets — each wallet representing a user — in May, Enjin has begun beta testing its Enjin Wallet 2.0.

Highstreet is an interesting metaverse project with virtual reality support that has potential, at least in terms of metaverse applications. For one, you can shop for things inside this virtual universe using the currency HIGH. Some Shopify stores are already integrated into the platform. It features gaming and has NFTs on its radar as well, so it seems to be up to date with tech and crypto trends. What’s more, HIGH is now available on Coinbase. From a real-world — or in this case, meta world — point of view, this project already accomplishes what the metaverse technology promises. If you’re an investor who sees practicality as a measure, this might be a good option. The project is backed by the tech company HTC and, in August 2021, raised $5 million. Its market cap as of August 2022 is over $20.79 million.