Top 3 Metaverse Cryptocurrencies You Will Want on Your Watchlist

 

Metaverse is getting more and more popular all over the world, and all of the professional crypto holders do tend to buy some assets of the metaverse cryptocurrencies. You may also grab more details about them if you have your Exness app download for PC installed: you’ll earn by trading these assets.

Stick to the latest news on metaverse cryptocurrencies, and you’ll rock the forex market with the Exness app!

Decentraland

Development of the Decentraland game began in 2017, when the DCL team was able to raise the necessary amount to create a blockchain-based project.

Beta testing started in 2019 and only in 2021 it became available to the general public. Testing turned a small experiment into a huge 3D world.

All financial transactions within the game are carried out using MANA tokens. It is used to buy land plots and build infrastructure facilities. This allows the land owner to receive virtual income in the future.

The popularity of Decentraland is reflected in the price of MANA. Until the end of last year, the token rate was in the range of $ 0.03 — $ 0.08, but since January it has started to grow and by the beginning of May 2021 reached its peak of $ 1.56.

Since then, along with the general market correction, the asset price has gone down. On the day the article was published, MANA was worth $ 0.745, market capitalization is $ 1.255 billion.

Axie Infinity

Axie Infinity is an Ethereum NFT collectible game in which users breed Axie virtual creatures. Each Axie is a unique non-fungible NFT token.

Axie Infinity was launched in 2018 by Vietnamese game studio Sky Mavis. And in December 2019, the alpha version of the game was presented.

The company has raised $ 13 million in investments from firms such as Animoca, Hashed and Consensys. In October last year, the Axie Infinity Shards (AXS) project management token was held on Binance Launchpad, bringing the creators $ 2.97 million.

Since the beginning of the year, the AXS and SLP project tokens have grown in price 76 and 11.5 times, respectively, and the number of NFT game users has increased 35 times—now there are more than 350,000 people.

The main feature of Axie Infinity is that it allows you to receive tokens after each victory. So, the average player can earn tokens worth several tens of dollars every day.

There are two types of tokens available to players in Axie Infinity.

●       Small Love Potion (SLP) are utility tokens that are used to pay out rewards to winners and to pay for in-game actions such as Axie breeding.

●       Axie Infinity Shard (AXS) are governance tokens (management tokens) of the ERC-20 format platform.

These are needed for:

●       Governments: AXS holders can vote on governance issues;

●       Staking: holders can stake tokens with a yield of about 40% per annum;

●       Payments: Players can make in-game payments to purchase Axie, digital real estate, and in-game items.

The Sandbox

The Sandbox is a decentralized editor for creating in-game items and blockchain marketplace. It has a native ERC-20 SAND token that allows Sandbox members to monetize their gaming experience.

The Sandbox is an in-game metaverse where you can buy virtual land, create avatars and create various items. The project is currently under development. Atari has already partnered with The Sandbox and plans to open a dealership in the gaming metaverse.

During the day, The Sandbox token has risen in price by 24%. This came after the project announced a partnership with a startup called Request Finance, which will handle digital payments for The Sandbox. The project has already started using the Request Finance infrastructure to make payments.

The Sandbox token price has grown more than seven times in a month in November 2021. The altcoin price set a new all-time high above $ 5.6. Token capitalization increased to $ 4.7 billion.

By getting into The Sandbox, you’ll witness the following benefits:

●       Support for the largest exchange Binance

●       Multifunctionality

●       The value of the SAND token for game creators and players

●       Staking with the possibility of earning passive income from keeping SAND

●       Prospective, as the NFT sector will be very popular in the medium term

The same facts may be applied to the advantages of trading crypto at Exness!