Cryptographic or crypto tokens can be created and distributed in many ways, where the historical data is stored permanently on the blockchain. Different crypto tokens have different purposes, some monetary some utility driven.
The use of crypto tokens in metaverse is key to ensure it is decentralized, as tecnhically there should be no centralized ownership. Cryto tokens can be used to as representations of value to purchase NFTs that represents ownership of various objects, or to governance tokens that gives you the right to decide the future of that metaverse world. We have a full guide written up on crypto tokens and the difference between them types.