3 Altcoins to Explore | Why NFT, GameFi and Metaverse Can Provide a Gateway to Create Your Own Reality
After last week’s performance, Bitcoin and Ethereum both remain strong. While not quite at $50,000, BTC is maintaining itself just below the $48,000 range. ETH is still holding its place just above the $3,100 mark, showing there is still positive sentiment in the market.
There is one clear trend this week, however. Metaverse has really come into the limelight with its broad ecosystem of DApps.
Metaverse is a decentralized, interoperable platform for programmable digital assets and digital identities. It offers an advanced architecture on which projects can build connected DApps.
NFTs are an inherent part of Metaverse. It is building a whole connected digital world, and non-fungible tokens are proving to be the best way of asserting ownership of the digital products that lie within that world. It is already associated with several big names, with the likes of DG and ARCONA growing significantly over the last seven days.
One reason for this current surge is how Metaverse has been making headlines both in and outside crypto circles thanks to Mark Zuckerberg. He has been trying to build hype for Facebook’s development in virtual reality which will leverage the metaverse ecosystem. But it is also controversial as to whether Facebook should or can lead the Metaverse rally. As for us crypto users, grasping our own value created in the virtual reality world is everything.
Then there was the release of Alien Worlds, one of the more anticipated blockchain games on Metaverse that sees players exploring different planets, which may worth our attention.
In recognition of this growing ecosystem, KuCoin will be launching a Metaverse section, where users can quickly find Metaverse ecosystem tokens there like the three top performing Metaverse tokens found on KuCoin from last week. Find out what's news about the three Metaverse tokens that will underpin their continuous price rally in the following article.
Notice: KuCoin does not provide financial advice. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology.
The Sandbox (SAND)
The Sandbox is building a unique virtual world where players can build, own, and monetize their gaming experiences using NFTs. Players create digital assets in the form of NFTs, upload them to the marketplace, and integrate them into games with the no code Game Maker. SAND is the main utility token of the platform that serves as the basis of transactions and interactions.
One of the biggest developments in The Sandbox metaverse is the collaboration with The Walking Dead. This sees waves of zombies appearing in-game in the form of premium LAND NFTs. These take the form of locations from the series and offer a unique opportunity for users to get their hands on themed NFTs.
Trade SAND and 400+ other altcoins on KuCoin
Axie Infinity (AXS)
Axie Infinity is a game built around a Pokemon-inspired universe where players can battle, collect, raise, and build a kingdom for their pets. By playing and contributing to the ecosystem, users can earn tokens. AXS is the governance token for the Axie universe.
As well as being one of the more recognizable names in the crypto space, Axie Infinity recently held the Yield Guild Open in Southeast Asia. This competition saw 64 teams compete for $35,000 in prizes. By bringing in an element of e-sports and working with prominent figures, Axie has increased the exposure of its brand in the region.
A number of other events and activities also took place recently, bringing AXS to the minds of thousands.
Trade AXS and 400+ other altcoins on KuCoin
Decentraland is a virtual reality platform that utilizes blockchain technology. Players take control of their avatars to explore the world and interact with others. The token, MANA, is used as the currency of the virtual world and so can be used to buy and sell different items with other users.
Decentraland recently announced a massive new feature - the In-World Builder. This allows owners of LAND to decorate, build and develop it in-game and in real time. Decentraland has also seen its fair share of events and NFT drops recently, adding to the value of its MANA token.
Trade MANA and 400+ other altcoins on KuCoin
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