Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Metakey review: A guide to this gaming NFT and how to buy it

Metakey is not an NFT game, but a token that sits across the grander NFT gaming metaverse unlocking airdrops, items, perks and more.

Upland

Upland logo
  • Free to start playing
  • 4500 UPX signup bonus for Upland property NFTs
  • Buy and sell NFT properties
  • Earn crypto and USD in game

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Remember Nintendo's Amiibo figurines? The idea was to collect toy figurines of legendary Nintendo characters, and then when you placed them on your Switch or 3DS while playing a certain game, bonuses would be unlocked.

Kids loved it; adults loved it. It should be no surprise then that we're seeing the concept reappear in the latest craze: NFT games.

Metakey is an NFT that, once owned, can grant a player all kinds of fun and functional bonuses for use across hundreds of applications and games. But it's also a promising NFT collectible in its own right. Here's everything you need to know about Metakey.

What is Metakey?

As its name suggests, Metakey is an NFT that unlocks the metaverse — or at least that's the theory. It's not a game itself, but if you have one, it can unlock bonuses in other NFT games that partner with Metakey.

According to its creator — known among the NFT Games community as Matty and famed for his DCL Blogger YouTube channel — codes for "hundreds of applications" can be stored on a single Metakey. So there is no need to own more than one to make the most of its functional use case. However, there are advantages to owning more than one from an NFT collectible and investment point of view.

Metakeys are released in Editions, with four out as of the time of writing. Each Edition has a limited run and is designed by a well-known artist, giving it scarcity and real value as a piece of art. Respected NFT artist Marc-0-matic created the third Edition run, for example.

Metakey Review 1

What can a Metakey do?

The Metakey is as good as its partnerships, but there are some promising signs on that front. Four notable games are partners: Decentraland, The Sandbox, Neon District and Ethermon. The creator spoke about getting guns, items or outfits if you play these games with a Metakey in your wallet.

For example, I've seen a secret area open in Decentraland if you have a specific art NFT from a partner site attached to your Metakey.

It's not just about gaming. You can get airdrops, discount coupons, giveaways and even physical merchandise through owning a Metakey. For example a partner did an airdrop of 3D shoes to Metakey owners. Almost immediately, they could be found on the secondary market for up to $200 — quite the dividend.

Finally, Matty spoke about an upcoming project that allows you to associate an avatar with your Metakey. This customizable character not only benefits cosmetically from airdrops like 3D shoes but can also be used within games.

How does Metakey work?

A Metakey generally functions the same way as Nintendo's Amiibo figurines. If you own one and bring it into a compatible Nintendo game, it unlocks a perk, item or cheat. It's the same with Metakey.

What's not 100% clear is what percentage of the bonuses are value-add freebies gifted to owners versus purchased NFTs from Metakey partners that are associated with the Metakey to enable more expansive use.

For example, when you're playing a game like The Sandbox, does it recognize that you have a Metakey and deliver the goods? Or do you have to make an investment in The Sandbox or partner to have it code its existence into the Metakey?

And what happens when you sell your Metakey? Does any associated partner NFTs you've attached to your Metakey go with it?

Metakey Review 2

How to buy Metakey NFTs

As of 2022, you can buy a Metakey from the OpenSea and Rarible platforms. Four Editions of Metakey – totalling 10,000 tokens – have been released and are sold out. There's no set release date for the fifth.

So far, each Edition has sold for the same amount: 0.2 ETH. That's not cheap, around $207.57 USD at the time of writing. Obviously, the price can fluctuate depending on any given day, but you can expect to pay between $100 and $1,000 for a Metakey.

It looks like ZED may not be available to purchase on an exchange in the US.

You can still purchase ZED by using a decentralized exchange (DEX) instead. decentralized exchanges are web applications that run on blockchains like Polygon and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase ZED using a decentralized exchange.
  1. Find ZED on a decentralized exchange and make sure ZED can be traded for MATIC which is the native asset of Polygon. Popular DEXs on Polygon include QuickSwap, SushiSwap and Balancer.
  2. Buy MATIC to trade for ZED using an exchange like Gemini. You will need to purchase enough MATIC to swap for ZED as well as some MATIC to pay for transaction fees which typically cost no more than a cent.
  3. Transfer the MATIC into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade MATIC for ZED on the DEX of your choice, following the instructions on screen. Make sure to leave enough MATIC in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the ZED tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Metakey Review 3

Other crypto games and NFT projects

Name Product Categories Blockchains Payment methods Platform Genre
Gala Entertainment
Gala Entertainment
Gaming
Ethereum, Binance Smart Chain, GALA
Cryptocurrency
Browser
Blockchain games
Blockchain gaming platforms where you can earn Gala and NFTs through playing.
Splinterlands
Splinterlands
Collectibles, Gaming, Trading cards
Hive
Cryptocurrency, PayPal
Browser, mobile
Trading card game (TCG)
Splinterlands is a digital, play-to-earn, collectible card game built on hive blockchain technology.
SoRare
SoRare
Sports, Collectibles, Gaming, Trading cards
Ethereum
Credit card, Debit card, Cryptocurrency, Bank transfer
Browser
Trading card and fantasy sports app
A fantasy football game with collectible NFT cards, officially supported by the biggest soccer leagues in the world.
Binance NFT Marketplace
Sports, Collectibles, Art, Gaming, Music, Trading cards, Domain names, Metaverse (Virtual Worlds), Memes, DeFi, Mixed
Ethereum
Credit card, Debit card, Cryptocurrency, Bank transfer
Browser
NFT marketplace
A peer-to-peer marketplace supported by one of the worlds largest cryptocurrency exchange, Binance. Not currently available to U.S. residents.
loading

Is Metakey play-to-earn?

Metakey is not play-to-earn in the traditional sense – think Axie Infinity – as it has no game experience. However, we've seen some examples of how it could be a hold-to-earn token. (I just made that term up, by the way; it's not a thing…yet.) Take the example of the 3D shoe airdrop. By simply being a holder, owners were granted an NFT that had a significant value.

We're also told that there are plans to give holders of multiple generations of Metakey NFTs cosmetic enhancements that will drive the rarity of their token. One enhancement was that if you hold Edition 1, 2 and 3 tokens, then your Metakeys may start getting a lightning display occurring on them.

Metakey Review 4

Will Metakey be a successful NFT?

The concept behind Metakey isn't new. Enjin has explored this concept since 2018, and even longer with Amiibo. It's effective, and it works. However, we'll need to see more partners join the mix if it's going to truly tap into its potential.

The good news is that it's being driven by an individual with real clout in the NFT games space. Someone highly regarded as knowing NFTs as well as anybody and with the connections to pull off the partnerships Metakey needs to thrive.

I'm a little worried about there being an unlimited circulation of keys, which suggests we'll continue to see more Editions arrive in the future. Will that flood the market? Will the artist of the 10th Edition Metakey go viral and suddenly throw out the value of earlier Editions?

Time will tell, but Metakey is an NFT games project to watch.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill

18

78

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.

Capital at risk

View details
Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

1

369

Capital at risk

View details
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P

50

743

Capital at risk

View details
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

73

279

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

View details
Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

8

1607

Capital at risk

View details
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

222

Capital at risk

View details
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)

35

338

Capital at risk

View details
Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay

27

237

Capital at risk

View details
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

357

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

Capital at risk

View details
Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)

3

79

Capital at risk

View details
Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card

6

16

Capital at risk

View details
OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT

7

141

Capital at risk

View details
Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT

31

318

Capital at risk

View details
loading

Are you visiting from outside the US?

Select an option to continue

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders
Go to site

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

More guides on Finder

Ask a Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site