Metaverso related tokens shot a week before the launch of Sandbox - and buyers are acquiring virtual land

The cryptocurrency market had one or two weeks moved.With the impulse around the metaverso that grows every day, tokens linked to the virtual world shot in the last week.

The biggest catalyst was the change of name from Facebook to Meta, at the end of October.This in an attempt by the company to build its own metaverso, the next step in the evolution of life online.

Sandbox, a game platform based in Hong Kong, recently obtained millions of dollars of sponsors' financing such as SoftBank, while preparing to launch its metaverso of playing and winning.

The company said last week that it would open part of this from November 29.

His Token Sand rose almost 100% in the last week.On Wednesday it rose 24% to quote around 6.$ 81 at 07:30 am.Sandbox visitors can monetize assets and game experience, including the purchase of virtual plots.Everything, with the same token.Even the German sportswear Adidas said he is contemplating to build in Sandbox's metovers.

Big names entered the metaverso.Snoop Dogg announced at the end of September that it would buy a land in Sandbox to build a mansion.He also said that he will launch his own non -fungible tokens (NFT), with which the public will get VIP access to concerts and events on the platform.

«We see great movements in the metoverso coins.As knowledge increases ‘Play 2 Earn’ projects, the main institutional actors go up to the train, ”said Nicolai Qvale Fredriksen, Arcane Research analyst Research.

The "Play to Earn" projects, in which players earn digital coins as a reward, became massive this year this year.Axie Infinity, an NFT -based online video game - which star animated axolotes - saw how their token tripled its value in the last two months.

Last week, Sandbox said on Twitter that his Alpha center would start on November 29.He added that he will allow people to enter their metaverso for the first time, win NFT and up to 1,000 tokens sand.

«It will be very interesting to see how Sand works after its launch.I would be surprised that the price would fall below $ 6, given the strong belief of the market, ”said Fredriksen.

Decentraland, the virtual world in which people can buy and sell digital real estate, also attracted some great sponsors.

The Metaverse Group, a real estate company centered on metoverso, announced Tuesday that he completed "the greatest acquisition of metovers to history," he said in a statement.The company acquired 116 plots "in the heart of the Distletrand Fashion Street district for a value of 2.5 million dollars.

The Token de Mana de Dentcentraland also received an impulse for Sand's rise, and has won almost 60% in the last week;For the last time on Wednesday 27%, about 5.25 dollars.

«With regard to the mana, I think the movement is due to a positive correlation with Sand.If your boom continues, the mana will also do, ”said Fredriksen.

Meanwhile, the most traditional cryptodivisas, and even the so -called memes tokens such as Dogecoin and Shiba Inu, were a bit calm.Bitcoin dropped almost 7% in the last week and stood around 56,658 dollars;a 0.6% more since Tuesday.The Dogecoin lost around 8.5% since last Wednesday, while the Siba Inu almost 20%.

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