Metaverse is a theoretic concept of a virtual world where users can interact with each other via 3D avatars and experience technology on a whole new level. Recently, Facebook has adopted the concept and went on to rename its brand to Meta. The news has helped in creating a massive hype around the concept.
The Metaverse that is under development by Meta has two major gaming franchises attached to the network. The Decentraland and Sandbox are both VR game developers that have teamed up with the Metaverse to create a new interactive online community. Both of these gaming platforms have issued personalized tokens based on the Ethereum network. During the last 30 days, SAND and MANA tokens have grown in price many times over.
Recently, SAND and MANA tokens have managed to amass a considerable amount of attention from crypto traders. Despite hitting an ATH, both tokens have continued to soar on the price appreciation scale. As per data from CoinGecko, the MANA token reached an ATH of $5.3 during the last 24 hours. It is up 20% in the same period.
Likewise, the SAND token has registered an ATH of $7.22 within a day and showed a 25% during the same time. CoinGecko has also noted that during the last 30 days, MANA was up by 539%, while SAND token surged 747%. Both of these gaming platforms are planning to allow the users a chance to enter the Metaverse and enjoy the gaming environment as if they are present there.
Sandbox Games
The developers of Sandbox games have announced that the alpha version or test game simulation will go live for the first time in November. It is worth noting that the official launch of the game has been intended for a wide release in the upcoming year. Meanwhile, Decentraland was introduced as early as 2020.
Despite having only basic protocols running in place, the Decentraland developers were able to convey the idea of gaming in the Metaverse. The players of these games will also be able to purchase NFTs and virtual lands, among other VR objects and tools. The holdings of the gamers are also designed to be monetized that will create a passive income for the players.
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