The buzzword of 2021 and 2022 was Metaverse. This is a 3D world that should feel real. In Metaverse, you have to spend crypto to buy digital shoes or weapons for your avatar. But the promises couldn’t be fulfilled quickly enough and the metaverse seemed to die a silent death…
There are several metaverses and some have a gaming element and contain some cryptography. The prices of these so-called metacryptocurrencies are exploding today. All coins discussed in this article can be traded on BLOX.
Axie Infinity +16.25%
The price of Axie Infinity today is 5.47 euros, which is 0.89 euros more than yesterday. This means an increase of 16.25%. There are a total of 131.5 million Axie Infinity tokens in circulation, the total value of these tokens is 698 million euros.
Axie Infinity is an online game in which players can purchase, breed and battle digital creatures called Axies. The game is based on blockchain technology, which allows Axies to be traded as non-fungible tokens (NFTs).
The sandbox +6.1%
The second Metaverse cryptocurrency we are highlighting today is SAND from The Sandbox. This value has risen by 6.1% over the past 24 hours and now stands at 0.3306 euros.
Sandbox is a decentralized virtual world owned by the community. Analysts like to compare Sandbox to Roblox because of their similarity in conceptual approach, but that’s partly marketing.
The main difference with Sandbox, however, is that players actually own the assets of the virtual world in the form of NFTs. This allows LAND owners to run contests and events, stake SAND to earn and customize assets, monetize assets and experiences, vote on the Metaverse board, play games, and more.
Decentralized and +6.75%
Decentraland’s share price today stands at 0.35 euros, an increase of 2 cents or 6.75%. There are a total of 1.84 billion Decentraland tokens in circulation. The total value of these tokens is 594 million euros.
Decentraland is a virtual world running on the Ethereum blockchain. In this world, users can buy and sell land, play games, participate in events and much more. Decentraland is a decentralized world, meaning it is not controlled by one party. Instead, it is managed by a community of users.
Source: BtcDirect
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
