As a buzzword, the idea of the metaverse quickly evolved into a concept that people are starting to use more often. Even the social media giant Meta is thinking about making its own metaverse at this early stage.
If you want to know what’s going on in the metaverse, look at the following five tokens: They are not all metaverses, but some of them are technologies that can help improve the idea of metaverses.
Decentraland is a virtual reality (VR) that is not owned by anyone. It is powered by the Ethereum Blockchain. It is now one of the best metaverses out there, and it has been for a while. In fact, data from CoinGecko shows that it is in second place among metaverses in terms of market value, which is how much money they make.
Over the course of March 24-27, Decentraland held its first Metaverse Fashion Week in the metaverse. This was the first of its kind in the metaverse. Some of the brands at the event were Dolce & Gabbana, Elie Saab, Tommy Hilfiger, and more.
If you look at CoinGecko, MANA is trading at more than $2 with a growth rate of 0.8% in the last 24 hours. A company called MANA has a market value of more than $3.5 billion and a turnover of almost $230 million in the last 24 hours.
2. THE SANDBOX
The Sandbox is a virtual world that isn’t run by any one person or group. In this metaverse, players can make their own games and events, but they still own their things. If you look at CoinGecko, Sandbox is in third place for metaverses in terms of market value. The Sandbox is often right behind Decentraland.
The Sandbox has been very aggressive when it comes to making new friends in the metaverse. During the month of March, the metaverse has worked with Square Enix and the World of Women, as well as DOGAM, HSBC, Ledger, and HSBC.
On April 2, Snoop Dogg did a virtual show in the metaverse.
As of this writing, CoinGecko says SAND is trading for over $3 with a growth rate of 1.6% in the last 24 hours. During the last 24 hours, SAND traded more than $300 million. It has a market value of over $3.5 billion.
3. THETA NETWORK
The Theta Network is a video streaming network that isn’t controlled by anyone. It’s run on blockchain technology. Theta lets people watch videos and has made important technology for the metaverse. As an example,
- Rendering VR worlds in real-time
- Theta Video API
- Decentralized Video Distribution
- Video-based NFTs
These elements could be used as building blocks in the future when the metaverse grows.
At the time of this writing, THETA is trading for over $3, with a growth rate of 1.2% in the last 24 hours. During the last 24 hours, over $122 million worth of THETA was traded. It has a market value of more than $3 billion.
4. AXIE INFINITY
In the game Axie Infinity, which is based on NFTs, the governance token is called AXS. Axie Infinity lets players buy and sell NFTs called “Axis, and make money by doing so. According to CoinGecko, the AXS token is the most valuable metaverse token in terms of market value right now.
April 7 was the day that Axie Infinity released their long-awaited ‘Origin‘ update. In this big update, there are a lot of new gameplay changes and the much-anticipated “burn and spend” for SLP.
When Axie Infinity was hacked by hackers on March 23, they took $600 million from the company.
At the time of this writing, AXS is trading for over $54 with a growth rate of 17% in the last 30 days. AXS traded over $385 million in the last 24 hours for AXS, making it one of the most popular stocks.
Layer 1: Stacks are a way to bring smart contracts and dApps to Bitcoin. It’s called “Stacks.” As a result, Stacks allows users to build a whole new world around the most important network in the world, Bitcoin.
On March 7, Unbanked said that they would be able to use the STX token. Users of the Unbanked debit card can now use the STX token to buy things.
On March 30, Hiro Wallet said that people in the United States can buy STX with a credit card, debit card, or bank transfer using the Hiro Wallet browser extension.
CoinGecko says that at the time of this writing, STX is trading for over $1 with a growth rate of 1.3% in the last 24 hours. During the last 24 hours, $16.3 million worth of STX was read. This means that STX has a market value of more than $1 billion.
Disclaimer: The opinions and views expressed in this article are not necessarily those of Thecryptoscope, and they don’t always agree with them. The information in this article should not be used to make investments. Thecryptooscoe wants all of its users to do their own research before investing in any kind of cryptocurrency.