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It’s been a great weekend for the leading metaverse tokens MANA (Decentraland) and SAND (The Sandbox), as both kept rising. While MANA had a 15% increase by Sunday, The Sandbox’s token reported an 8% rise. These stats reflect investors’ growing interest in web3 virtual worlds and their great potential; after all, the two metaverse tokens recently increased considerably more than other types of crypto!
Over the past weekend, the two metaverse tokens SAND and MANA rallied in terms of their USD value. Decentraland’s coin, MANA, reached a peak of $0.8068 on January 29th, CoinMarketCap data shows. Meanwhile, The Sandbox’s SAND reported a peak of $0.801 on January 30th. At the time of writing, both coins have slightly decreased in value. However, their sudden rise is definitely worth looking into. Why?
To begin with, these metaverse tokens have increased way faster than other types of cryptocurrencies. This means that new users might invest more into virtual worlds this year than ever before. From digital real estate to events and branding, the metaverse is full of potential business-wise. Of course, Decentraland and The Sandbox are undoubtedly the most successful examples.
The Sandbox and Decentraland had a busy year in 2022 – and 2023 seems no different. For instance, The Sandbox recently launched the official Puss in Boots Experience, allowing players to complete quests in the metaverse and win exclusive NFTs.
Decentraland also released a new sub-project within the metaverse titled Decentraland Worlds. This digital space is different than the virtual world’s main map; there, users can customize new 3D venues, host events, or take part in various activities.
To conclude, Decentraland and The Sandbox continue to evolve this year too. The recent rise in MANA and SAND proves that physical investors are also more prone to getting involved in the Web3 universe too.
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This article is educational material.
As always, make your own research prior to making any kind of investment.
Adele Ioana is a writer with a deep interest in digital visual arts. Between covering two news stories, she enjoys drawing portraits and studying photo manipulation.
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