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Will cryptocurrencies enter the metaverse?

5/11/2022

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Metaverse-themed cryptocurrencies have become a hot topic in recent weeks. And we are talking not only about online casinos operating on blockchains. Those who invested in coins such as The Sandbox, Decentraland and Enjin Coin saw gains of 32.3%, 10% and 19% respectively on their daily highs.
The atmosphere is heated not only by Facebook's decision to enter new regions, but also by numerous start-ups preparing new premieres, which are talked about not only in the world of investors. THE BIG THREE KRYPTO IN METAVERSE The Sandbox was one of the biggest winners of the past month on the cryptocurrency market. Currently, the valuation of SAND tokens has jumped up by about 600% in just 30 days. Reason?
The excitement is growing before The Sandbox Alpha's launch on November 29. This unique play-to-earn event will allow 5,000 selected players to earn various prizes, including NFT tokens and up to 1,000 SAND tokens. Play-to-earn metaverse games continue to grow in popularity and are a key catalyst for investors looking at this top cryptocurrency. Decentraland, on the other hand, is the premier metaverse game, giving users the opportunity to play games, participate in virtual events and trade commodities in digital markets. Users on the platform exchange MANA, the native token of this MMO game. Like The Sandbox, Decentraland is based on the Ethereu blockchain, with all its pros and cons.
The Enjin Coin, on the other hand, has recently attracted attention (not only from investors) as a token that powers the Enjin network. The Enjin ecosystem that focuses on NFT is, according to the founders, "one of the largest NFT game networks / applications in the world". In this regard, those who are positive about the Metaverse have highlighted the role of Enjin Coin in supporting projects like Efinity, which employees say will "serve as an infrastructure for a decentralized, multi-chain Metaverse."

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  • Home
  • News
  • Nominations
    • Top Debut in Metaverse
    • Top European Metaverse
    • Top VC/Accelerator/Incubator
    • Top Blockchain Developer Services Provider
    • Top Blockchain Game of the Year
    • Top CVC Partner for Web 3.0/Metaverse
    • Top Corporate Partnership
    • Top Legal Firm or Services for Metaverse/Web 3.0 businesses
    • Top Avatar Design, Digital-Twin, or Identity Company
    • Top Cloud, Enterprise or Technology Partner
    • Top Partner for establishing early-stage presence in Metaverse
    • Most Innovative NFT Project
    • Top 3D Design Firm for Metaverse
    • Top Global City for Web 3.0/Metaverse Ecosystem
    • Top Fashion or Consumer Brand Initiative
    • Top Sports, or Events, Brand Initiative
    • Top B2B or Industrial Initiative in Metaverse
    • Top Wallet, or Digital Payment, ecosystem
    • Most Exciting StartUp or Early-stage Company
    • Top XR/AR/VR Firm for Metaverse
    • Top Consumer Hardware or Interface for Metaverse/Web 3.0
  • The Event
    • Agenda
    • Investors-ScaleUps Matchmaking
    • VIP Jury
    • Brella Event App & Networking
    • Venue
    • Exhibitors
    • Hotel Reservation
    • FAQs
    • Tickets
      • Pay via Credit Card
  • 2022 Summit&Awards
    • Photos 2022
    • Agenda 2022
    • Videos 2022
  • Contact