It would not be wrong to say that the last month has been quite active for metaverse and metaverse coin projects. Metaverse projects such as Decentraland (MANA), The Sandbox (SAND), Efinity (EFI) have shown incredible price increases. All of these coins have been trading on the green board in the last 24 hours. cryptocoin.com We share the developments behind their acceleration…
Why did 3 metaverse coins rise?
First of all, Decentraland (MANA) was bullish today. Decentraland has announced the largest Metaverse land purchase ever made. Tokens.com and Metaverse Group purchased 116 parcels of properties at a cost of over $2.4 million.
Secondly, Efinity (EFI) also gained in value. Efinity is the Blockchain Metaverse developed by the Enjin team and EFI is the first cryptocurrency in the Efinity network. Paratoken is similar to the ERC-20 or BEP-20 token standards but allows cross-chain support. Enjin Coin is known as the team behind Efinity and one of the leaders in the NFT space. In recent news, the Efinity team has announced a 200 million EFI fund (worth $450 million) to fuel the Efinity parachain. The EFI fund allows users to earn EFI for lending their DOT.
Finally, The Sandbox (SAND), the most anticipated Metaverse project on the market, has gained traction. With the alpha version of their game, which will be released on November 29, the expectation in the market triggers the rise of the coin. The Sandbox has announced a raffle for 1,000 passes that will give users access to all of the game’s content and rewards. In order to participate in the draw, you must be the owner of LAND, which can be purchased on various exchanges.
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