Since the buzz about the Metaverse in late 2021 saw some particular cryptocurrencies rallying, including Sandbox (SAND), and Decentraland (MANA), it has been a different story. Traders were hopping on each of those coins to catch the trend and make some profit. It seemed like the Metaverse was coming the next day, and nobody wanted to miss out.
This year, there hasn’t been any buzz about Metaverse tokens except for new projects like FIREPIN (FRPN) looking to cement its place in the category. What has happened? How did the Metaverse meta all evaporate, or did it? The idea of a Metaverse of whatever you’d call a virtual reality for social interaction was intensely fueled after Mark Zuckerberg, CEO of Facebook, announced the rebranding of his company to Meta, which would be focused henceforth on building products towards a future of virtual reality.
The announcement sent the crypto market into a frenzy, and people started buying up Metaverse tokens. MANA and SAND were top gainers from this rally, and it was a great time to buy or hold any Metaverse token. However, the hype fizzled out as soon as people saw that nothing was forthcoming, and the Metaverse everyone was fuzzing about was not even fully figured out. Nobody has successfully built what the general populace envisions for a Metaverse.
The attention has begun to shift towards projects doing the actual building of a Metaverse on the low. FIREPIN is a new decentralized protocol based on the FRPN token, heavily collateralized and backed by the MetaverseDAO. FIREPIN is a project focused on game development, 3D & VR games, etc., in the long term while providing value for its community in the meantime. It is community-driven, and that would dictate the pace of everything forthcoming from the project.
Sandbox(SAND)
The Sandbox(SAND) is an Ethereum-based Metaverse and gaming environment that allows users to develop, distribute, and monetize assets and games.
The Sandbox is a decentralized, community-driven virtual environment where creators may develop, share, and exchange in-world goods. Its Metaverse is one of several blockchain-based virtual worlds that aim to change the game industry’s dynamics by paying creators for the value they create through user-generated content.
Sandbox has grown significantly due to various cooperation partnerships, with a CAGR of 26.5%. It has over 200 partners and was one of the most talked-about cryptocurrencies of 2021. The Sandbox’s collaborations with Atari, Snoop Dogg, and Adidas give it a competitive advantage. Polygon Studios, Galaxy Interactive, and Kingsway Capital also contributed.
Decentraland(MANA)
Decentraland(MANA) is an Ethereum blockchain-based virtual reality platform that allows users to create and monetize content. In the previous year, the token has increased by nearly 4,000%. According to Raj A Kapoor of the India Blockchain Alliance, Decentraland hopes to capitalize that people are increasingly spending time online for both business and entertainment. “There is a large addressable market, and the Decentraland project appears to be on the right track in user growth and token price appreciation,” he added.
FIREPIN’s competitive edge over these tokens(Sandbox and Decentraland) and several others in the Metaverse category is it’s a new token that goes for a very low price on presale. The presale is live, and you can register here to buy this token at $0.000067. Find out more:
Join presale: https://presale.FIREPIN.io/register
Website: https://FIREPIN.io/
Telegram: https://t.me/FIREPINOFFICIAL
