At the World Economic Forum (WEF) in Davos, Switzerland, the subject of meta universes was widely discussed. During the event, a special news conference was organized. The WEF initiative called “Defining and Building the Metaverse” was presented. More than 120 people participated in the creation of the project. At one of the panel discussions, the primary two documents of the initiative were discussed. According to them, the participants analyzed the problems of accessibility, and control systems. Moreover, there was a discussion about the role of the buyer within the metaverses of the longer term. During the forum, a working prototype of the WEF’s own metaverse, the worldwide Collaboration Village, was also demonstrated.
As often happens, global trends resonate with what’s happening within the crypto market. A December survey by CoinWire showed a big interest of individuals from the industry within the metaverse as an entire. It included quite 10,000 people curious about cryptocurrencies. Quite 60% of respondents believe that technology has the facility to reshape the mechanisms of social interaction and entertainment. You’ll inspect the latest entertainment at woocasinoapp.com and prove it!
Survey participants also believe that the spread of the metaverse will change the scenarios for interaction with finance, business, and education. quite half of those that have invested in some sort of companies claiming developments or patents associated with the metaverse have confirmed that they also own crypto assets.
Coins Cost Like Gold
There are at least three major metaverses with hundreds of millions of dollars in assets. You can find The Sandbox, Decentraland, and Otherside. The growing excitement around causes a demand for coin projects. For the first month of a wide range of assets, there is already a share of metabolites by tens of percent. Also, there is an upward trend in prices, and fewer capitalized assets in the Metaverse category.
Decentraland’s domestic currency (MANA) has doubled in just two weeks. The coin began to grow in price on January 13. The manufacturers implemented several advertising projects on Twitter. It proved to be one of the most profitable crypto assets for investment. It grew in the first months of the year.
The jump in the price of MANA provoked export interest in the project. According to the DCL Metrics website, the number of users increased on January 16. But at the time of publication of the article, both categories returned to the indicators of the beginning of the month.
The native token The Sandbox (SAND) in the same period showed an increase of 80%. The deeper currency of the universe Otherside (APE) has grown about one and a half times since the beginning of the year. The latest connection rises with the hype surrounding the launch of a collection of NFTs giving access to the new Dookey Dash game from Otherside’s backbone Yuga Labs. Non-fungible token (NFT) passes were issued by image owners from the Bored Ape Yacht Club and Mutant Ape Yacht Club collections. Their daily turnover in the secondary market after launch exceeded $27 million.
Some crypto projects do not imply the creation of metaverses as such. But aggregators classify their coins into the “Metaverse” category. As a fact, these are producers of Play-to-Earn (P2E) gaming segments or other similar objects associated with the virtual worlds of services. Those assets, like digital plots of land, are traded on the market in the form of NFTs.
As in the case of the coin example, it arises in the realm of artificial intelligence. As a result, a group of cryptocurrencies emerges in a common narrative. Their participants begin to release an update at a favorable time in the market, fueling interest in the service and causing demand for their token turnover. So for January, the survey price growth measures the coins of such projects as Internet Computer (ICP), Axie Infinity (AXS), Theta Network (THETA), Enjin Coin (ENJ), WEMIX (WEMIX), and others.
