The top metaverse tokens, MANA and SAND, had a wonderful weekend as both continued to rise. The Sandbox’s token noted an 8% rise, whereas MANA had a 15% rise by Sunday.
These figures demonstrate the increasing investor interest in web-3 virtual worlds and their enormous potential; besides, the price of the two metaverse tokens went up not long ago, much more than other forms of cryptocurrency!
What Does The Rise Of These Metaverse Tokens Mean?
The USD value of the two metaverse tokens MANA (Decentraland) and SAND (The Sandbox) increased recently. MANA, the cryptocurrency of Decentraland, hit a high of $0.8068 on January 29th, according to data from CoinMarketCap. The Sandbox’s SAND noted a high point on January 30 of $0.801. Both coins’ worth has gradually reduced as of the time of writing. However, their unexpected rise merits exploration. Why?
For one, the value of these metaverse tokens has grown much more quickly compared to other cryptocurrencies. This implies that even more new users than before may put more money into virtual worlds in 2023. The Metaverse offers a tremendous business opportunity in a variety of areas, including branding, events, and digital real estate. The Sandbox and Decentraland, of course, are without a doubt gaining popularity.
2022 was a busy year for these two virtual worlds, and 2023 already seems to be following suit. As an illustration, The Sandbox recently debuted the official Puss in Boots Experience, which enables users to finish quests in the metaverse and win restricted NFTs.
Decentraland also unveiled a brand-new metaverse side project called Decentraland Worlds. This digital area is distinct from the main map of the virtual world, where users can host events, create new 3D venues, or engage in a variety of activities.
Finally, Decentraland and The Sandbox are still developing this year. The recent increases in MANA and SAND demonstrate that physical investors are more likely to participate in the Web3 world as well.
