Metaverse has been one of the areas that attracted the attention of many people and institutions over the past year. In this article, we will cover the latest developments in popular metaverse coin projects. Here are the hot developments in ApeCoin, Decentraland and The Sandbox…
ApeCoin whale sold its holdings
Tech entrepreneur and NFT whale Jeff Huang aka Machi Big Brother is selling APE assets. The influencer was allegedly pissed off at a proposed Magic Eden market for Apecoin. APE prices have dropped 8.23 percent in the last 24 hours and are currently trading at $6.70. “It looks like @machibigbrother is dumping all @yugalabs assets as they are unable to dispose of them,” Metaverse expert Degentraland said earlier today.
It seems that all happened after ApeCoin DAO announced a possible marketplace discussion for APEs created by leading Solana NFT marketplace Magic Eden. Magic Eden’s vision is to create a low-fee marketplace powered by APE, where all rewards go back to the community. In summary, this is where APE holders can buy and sell ApeCoinDAO NFTs. This includes BAYC, MAYC and BAKC. ApeCoin also tweeted about the Magic Eden proposal and asked its owners to join the discussion. Sharing the tweet, Machi Big Brother said, “Damn ApeCoin. “I like MagicEden but it’s ridiculous that they never retweeted X or ApeFi,” he said.
Decentraland launches world’s first metaverse coin ATM
On the other hand, popular metaverse platform Decentraland has announced plans to launch the world’s first metaverse ATM. Created in partnership with Transak payment gateway and Metaverse Architects studio, the metaverse ATM will allow users to easily purchase cryptocurrency. Decentraland invited players to the virtual ATM on Monday, August 8th.
Decentraland’s Transak metaverse ATM is the virtual world’s first fiat-crypto ATM. The idea behind the initiative is to help users easily buy MANA or other cryptocurrencies. They added that they are constantly building the necessary tools and technology to facilitate smooth payments at Decentraland. On Monday, the developers hosted a launch event at Airdrop Tower. During the event, attendees learned how to set up a virtual ATM on their property. They also learned more about the various monetization opportunities for landowners.
Paris Hilton house being built at The Sandbox
The Sandbox announced that it has partnered with Paris Hilton to build the virtual Malibu Mansion. In collaboration with Hilton’s firm 11:11 Media, The Sandbox brings the star’s world to the metaverse. With this move, her fans and community will get a whole new way to connect with the star. Paris Hilton is one of the first Web3 adopters and a long time vocal supporter of NFTs, metaverses and all things Web3. Its recent partnership with The Sandbox further consolidates its Web3 presence.
Hilton’s virtual Malibu Mansion will allow fans to connect with him in new ways. For example, Hilton will host social and community events, including parties and glamorous social experiences in the virtual mansion. He is also planning a unique Halloween event at LAND.
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