As a crypto markets tank, meta -verse tokens defy the trend
As a crypto markets tank, meta -verse tokens defy the trend
- according to octopuses strengthen crypto-meta-verse individuals through decentralization
- The performance of Metaverse-token has increased by a total of 395%
According to a new report, the digital currencies that drive the meta verse increased by a total of 395 % last year, a outlier in a wider dark crypto downturn.
Popular Metaverse projects The Sandbox, Decentraland, Sommium Space and Voxels are among the leading user activities Report Kraken Intelligence and Coingecko.
The Mana of Decentraland has risen by 41 %; The sand of the sandbox 470 %; Axie Infinities Axie Infinity Shards (AXS) 511 %; and Stepns GMT 746 %.
Although May brought negative price movements on the entire crypto board, including for Bitcoin (BTC) and Ether (Eth), Metaverse token recorded the highest volatility of all sectors.
and NFTS, which play an important role in blockchain-based games and in the large meta person, recorded a severe decline in daily use in May-according to the report, the daily volume decreased by 87.1 %.
The annual performance of meta-verse token, which can be used for the purchase of digital land, NFTS (non-fungable tokens) and to participate in the government, is largely attributed to the resurrection of NFT.
The report by Kraken Intelligence takes a closer look at how the crypto meta person will change the way we communicate: https://kjrf6pu8yg pic.twitter.com/yhpljpbjr9
-Kraken exchange (@krakenfx) 7. June 2022
The digital economy of the sandbox reported a cumulative NFT sales volume of $ 473,665,766 and three million registered wallet users.
Sebastien Borget, Chief Operating Officer of the Animoca-owned platform, told Blockworks that the meta persons were "an unstoppable digital nation in the emergence of entertainment, fashion, play music and art and offers long-term perspectives through a clear benefit for NFTS."
he added that the reason why the meta personum and tokens like sand generally exceeded crypto in the past year is due to the ongoing demand for land of global brands from Hong Kong, Dubai and Korea, the NFT-Avatars acquire and participate in play-and-ears.
The meta-based decentraland based on Ethereum recorded $ 216,471,162 in the first quarter.
Giovanna Graziosi Casimiro, event producer at the Decentraland Foundation and head of the Metaverse Fashion Week, told Blockworks that increased trading in virtual land is driving growth in Decentralland.
"Wearables represent a medium of self -expression and identification and drive the economy and the ecosystem of a unique creator," said Casimiro.
With regard to the Metaverse Fashion Week, which Decentraland organized in March, she said that she "inspired the entry of old, world -famous fashion brands in our market and expanded the discussion about NFTs as bridges between the physical and digital".
Another NFT-based and gamified meta personum, TreeVers, in question behind crypto-native worlds in order to attract more mainstream gamers. A developer for the parent company endless cloud tweeted on Thursday, plans to no longer use the term.
For TreeVerse we will use another term instead of "NFTS" and no longer use the word "blockchain game".
The goal is to attract normal players and show them what is possible without scare them. Similar to Crypto, which was renamed web3, I think this helps.
-loopify
(@looptyyy) 9. June 2022
Kraken plans to open its crypto exchange in the capital of the United Arab Emirates, Abu Dhabi, and its own NFT marketplace.
. .
The contribution as crypto markets tank, metaverse tokens buck the trend is not a financial advice.