Metaverse hype launches new cryptocurrency growth
The growing interest in the metauniverses after Mark Zuckerberg’s sensational announcement of Facebook rebranding to META has not spared the crypto market. Cryptobubbles data suggests that no one has grown stronger than the metaverse projects this week.
TheSandbox, a Hong Kong-based gaming platform, has been up 313% in the past week. According to analytical service Santiment, the number of inactive coins moving on the SAND network is again a precursor to this growth.
Also, on Monday, it became known that the project raised $ 93 million from investors led by Vision Fund 2 SoftBank.
Sandbox allows players to create, own and monetize their virtual gaming experience on the Ethereum blockchain. It provides creators with NFT ownership and offers tools to create assets on the platform.
It may sound funny, but Sandbox has announced partnerships with brands and celebrities, including rapper Snoop Dogg, who will create a digital copy of his mansion in-game.
Another project called Decentraland made a splash even more amid the popularity of the metaverse and the NFT boom. According to CoinMarketCap data, MANA’s price hit an all-time high of $ 4.16 on Saturday night, 400% higher than it traded before Facebook announced its rebranding.
Launched in 2017, MANA is the proprietary digital token of Decentraland, a self-proclaimed metaverse platform where users can buy and sell virtual property. Land ownership is acquired through an NFT, a digital asset designed to track who owns something. It works on Ethereum.
Many investors probably see a new blue ocean in the metaverse. Below you can find the statistics on crypto projects in the metaverse from Titan Ventures:
ECOS users can join the new trend by purchasing an NFT investment portfolio, which contains both MANA and SANDBOX in addition to promising NFT projects. By the way, this portfolio grew by 24% on November 2. Join this growth!