Best Christmas Crypto Gifts You Should Know About (2022)

The value of the crypto market has reportedly surpassed $3 trillion in 2021, thanks to a tremendous surge of interest in crypto assets like Bitcoin and Ether, which reached new all-time highs. In addition, the value of non-fungible tokens (NFTs) is more than $10 billion, according to the NFT marketplace OpenSea. 

Demand for cryptocurrencies and NFTs continues to soar, and their potential for more returns makes them a gift that keeps on giving. There’s no better time than the holiday season to get friends, family and loved ones interested in the cryptoverse. 

Regardless of the gift recipient, good gift ideas abound, from meme coins – for quick conversation starters for digital natives, to tungsten cubes.

Gifting cryptocurrencies or NFTs is an especially great way to encourage someone to learn the ins and outs of these exciting new technologies, and to impress crypto enthusiasts. If you’re on the hunt for a unique Christmas crypto gift or a last-minute shopper in need of a quick gift, here’s a list of assets that are guaranteed to give your loved one a very merry crypto Christmas. 

1. CRO

If you pay attention to sports news, then there’s a chance you’ve heard of CRO and Crypto.com. For the uninitiated, CRO is the native token of Crypto.com, a platform for buying and selling cryptocurrencies which has an estimated 10 million users. 

In November 2021, Crypto.com announced that it had bought the naming rights for the Staples Center — home to the NBA’s Los Angeles Lakers and Los Angeles Clippers, the NHL’s Los Angeles Kings, and the WNBA’s Los Angeles Sparks — in a whopping $700 million deal, making it one of the most expensive naming agreements in sports. Staples, the giant American retail office company, originally paid for the naming rights in 1999 when the arena was opened, and extended the agreement in 2009. Soon, the venue will be rebranded as the Crypto.com Arena. 

The name change will take effect on December 25, 2021 during the National Basketball Association’s annual game, which airs on ESPN and ABC. It’s a momentous occasion for the crypto industry that offers crucial brand awareness for both Crypto.com and cryptocurrencies in general. 

All this hype is good news for CRO. Also referred to as Crypto.com Coin, the currency was launched in an effort to develop merchants’ ability to accept payments using cryptocurrency. The token is designed to make transaction flows affordable, secure and seamless between crypto users and merchants who accept crypto as payment. One of Crypto.com’s goals is to drive mass adoption of blockchain technology through the use of payments, decentralized finance (DeFi) and NFTs. 

The iconic Staples Center will be re-named Crypto.com Arena from 25 December 2021. Image source: Crypto.com

The Staples Center name change unsurprisingly had a positive effect on the price of CRO, which quadrupled in November 2021 after the announcement. It also helped that in October 2021, Crypto.com launched a global ad campaign called “Fortune Favors the Brave” featuring actor Matt Damon. That ad marked the start of the market uptrend for CRO. 

What better way to commemorate the name change than to gift a loved one with CRO? Its market value has the potential to reach the moon once the name change is complete. If you want to get your hands on some CRO tokens as a Christmas crypto gift, sign up for an account with Bybit. It’s easy, and will take you just a few minutes to get started.

Trade the CRO/USDT Perpetual on Bybit now

2. NFTs

Top NFTs on the NFT marketplace OpenSea. Image source: 

NFTs have been the crypto space’s hottest trend in 2021. Even people with zero interest in crypto assets have heard the term being tossed around on social media. 

What are NFTs? In simplest terms, they’re digital assets that cannot be replicated. Each NFT is cryptographically unique and immutably recorded on the blockchain, making it an ideal vehicle for tracking the true ownership of assets such as art, videos, pictures, music, contracts — and even this article! As long as you’re the holder of the NFT, no one can doubt your sole ownership of a particular asset. 

One space where NFTs have had a major impact is in crypto art, giving artists a powerful tool for verifying ownership of digital art — and also cultivating scarcity. Unlike ordinary digital art, which can easily be copy-and-pasted, NFTs add a layer of uniqueness which makes it easy for artists and art collectors to verify that a particular file is the one and only original. 

The concept of an NFT might sound silly, and the technology has plenty of valid criticisms — but it’s serious business, with very real money involved. Earlier this year, an NFT of artist Beeple’s “Everydays: the First 5000 Days” sold for $69.4 million at an auction organized by the renowned Christie’s Auction House, which is a strong indicator of the growing mainstream appeal for NFTs.

NFTs have also created a market for so-called NFT avatars, which are basically digital images of pixelated or cartoon characters in a “profile picture” format. You may have seen some of these avatars being used as profile pictures on social media platforms like Twitter. Avatars by CryptoPunks and Bored Ape Yacht Club are popular examples. 

The beauty of NFTs is that their technology is completely decentralized and accessible to everyone, regardless of age, financial status and location. Several NFT marketplaces — where people can buy or sell NFTs — have spawned as a result of the NFT boom. You can even start creating and selling NFTs right this moment if you want to — why not consider NFT gifts?

Check Out the Hottest NFT Marketplaces

3. Ethereum Name Service

If NFTs sound like a complex gift idea, perhaps you might be interested in something simpler — like a custom name on the Ethereum Name Service (ENS), a naming system that exists on the Ethereum blockchain. It’s an ideal gift for anyone who’s a crypto fan interested in completing Ethereum transactions.

ENS makes it easier to share and remember Ethereum wallet addresses. Instead of receiving payments that look like “0x45k9sh9rn842j9sd9” in your wallet, ENS lets you create a human-readable wallet address like “NotElonMusk.eth” that’s easier to remember and share. Having an ENS address is like having your own personal website link, but for crypto-related transactions.

The average cost of an ENS is around $5 per year, making it a memorable gift that won’t burn a hole in your wallet. Visit the Bybit website to start your ENS purchase today.

Get Your ENS Tokens on Bybit Now!

4. Metaverse Crypto

In the crypto world, the metaverse refers to an alternate reality where a representation of yourself — an avatar, if you will— can own plots of real estate, work, play video games, relax, or interact with other people around the planet. It’s a place where digital and physical worlds come together. 

The metaverse is made possible by a combination of the Internet, virtual reality and augmented reality working together with the blockchain. When you combine multiple existing blockchains with varying use cases, it becomes possible to create a diverse multi-chain network with vast opportunities for everyone. This is the basis of the crypto metaverse.

The idea of a metaverse is a popular sci-fi trope, with origins in novels like Ernest Cline’s Ready Player One and Neal Stephenson’s Snow Crash. You might have even recall seeing it more recently in the popular film Free Guy, which stars Ryan Reynolds.

No one knows with absolute certainty what the metaverse is going to look like as it progresses, but it spans physical and virtual realities and will likely feature a fully functional ecosystem. 

Even Mark Zuckerberg appears to be eyeing this new virtual world after his recent announcement during the rebrand of Facebook to Meta, when he described the metaverse as the “successor to the mobile internet.” 

Facebook users can already access a robust virtual reality environment by using Oculus VR headsets. The social media giant also announced a $50 million investment program for “building the metaverse responsibly” which has distributed funds to organizations, nonprofits and academic institutions around the globe. 

The metaverse, however intangible, is clearly a hot commodity. The hype and speculation around NFTs and cryptocurrency in general have created a gold rush in the metaverse, and it’s not unlikely that the next generation of adults will buy their first home on the metaverse rather than in the physical world. 

The good news is that the metaverse is no longer a nebulous theory. There are already numerous crypto projects facilitating its growth. Below is just a sample: 

• Decentraland (MANA): Decentraland is the most popular virtual reality platform built on the blockchain. Players can buy, sell and manage virtual plots of real estate called LAND. The closer a plot is to busy city areas, the more valuable the real estate. Players can develop their real estate in any way they please, and build businesses such as casinos, clubs, and more. Even renowned auction house Sotheby’s has purchased LAND on Decentraland, which Sotheby’s turned into a replica of its London headquarters.

Image source: Decentraland

• Illuvium(ILV):lluvium is a blockchain-based, open-world role-playing game that lets players create 3D characters who can traverse the in-game universe and explore alien landscapes, complete quests, hunt and capture creatures, and earn in-game rewards. The game has its own native currency, ILV, which players can obtain by playing the game, trading items on the in-game marketplace, or staking their assets in the game’s decentralized framework.

• The Sandbox (SAND): The Sandbox is a virtual reality world where users can purchase and sell virtual plots of real estate represented by NFTs, using the world’s in-game currency, SAND. As with Decentraland, users are free to transform their plots of land in any way they want, and to monetize their property to earn SAND.

There are a lot of metaverse crypto projects out there, and more are being introduced almost daily. If you want to find more buy crypto Christmas gifts from the metaverse this holiday season, check out our guide to the best metaverse blockchains of 2021 to discover some great projects.

Read More About the Best Metaverse Crypto for 2021

The Bottom Line on Christmas Crypto Gifts

NFTs and cryptocurrencies are great gifts that are guaranteed to have novelty — and potentially exponentially growing value—for years to come. NFTs in particular make for memorable crypto stocking stuffers, due to the wide variety of crypto art and avatars available. These assets are affordable, accessible and available to everyone. Whether you’re shopping for a crypto newbie or seasoned crypto trader, create your account on Bybit’s website to check out the latest crypto prices and purchase your first asset today.