bitcoin
bitcoin

$92701.70 USD 

-2.06%

ethereum
ethereum

$3408.73 USD 

-0.52%

tether
tether

$0.999608 USD 

-0.07%

solana
solana

$229.47 USD 

-3.73%

bnb
bnb

$617.55 USD 

-4.08%

xrp
xrp

$1.37 USD 

-5.69%

dogecoin
dogecoin

$0.390211 USD 

-4.11%

usd-coin
usd-coin

$0.999979 USD 

-0.01%

cardano
cardano

$0.961064 USD 

-2.54%

avalanche
avalanche

$42.93 USD 

1.66%

tron
tron

$0.197039 USD 

-1.78%

toncoin
toncoin

$6.23 USD 

-0.50%

shiba-inu
shiba-inu

$0.000024 USD 

-3.37%

stellar
stellar

$0.432402 USD 

-13.70%

polkadot-new
polkadot-new

$8.13 USD 

-3.54%

Cryptocurrency News Articles

Metaverse Tokens Surge in November, Here are the Major Developments from Decentraland, The Sandbox, and Floki

Nov 27, 2024 at 06:55 am

There has been a major uplift in the Web3 metaverse space, with several tokens recording significant highs in November.

Metaverse Tokens Surge in November, Here are the Major Developments from Decentraland, The Sandbox, and Floki

Several metaverse tokens recorded major highs in November, as Web3 metaverse space continues to expand.

Here are some of the most notable metaverse crypto developments.

Decentraland launched its official desktop application, The Sandbox hosted its biggest reward season, and Floki further delayed its highly anticipated metaverse game.

Decentraland Launches Desktop Application

Metaverse platform Decentraland launched its official desktop app in October – Decentraland 2.0. Previously, the platform was only accessible through a web browser.

The desktop application was launched for both Windows and macOS, making the virtual world more accessible to users.

Following this launch, Decentraland hosted its annual music event on the new and improved virtual space. Several notable musicians performed at the event, including popular EDM artist ‘Whipped Cream’.

These developments saw increasing engagement in the metaverse platform, which was reflected in MANA’s market performance. The token surged by nearly 100% in November, reaching its highest price in over six months.

The Sandbox (SAND) Surges Nearly 150% In A Month

Metaverse activity strongly picked up in November, as The Sandbox’s SAND token surged over 140% this month. SAND is currently the third largest metaverse token according to CoinGecko.

This recent surge is likely being driven by the platform’s Alpha Season 4. The Sandbox announced its biggest reward pool ever this season, with a $2.5 million SAND reward available for participants.

Users would receive these rewards through various quests and challenges on the metaverse. Several major brands and games contributed to creating these challenges. These included brands such as Playboy, Deep Sea, Voice, and Hellboy among others.

These initiatives influenced increased engagement on The Sandbox, driving SAND’s trading volume to $1.91 billion.

FLOKI Delays Its Metaverse Game Until 2025

Meme coin project Floki has delayed the mainnet launch of its play-to-earn game, Valhalla, to early 2025. The game was originally set for release this November.

According to the latest announcement, the multiplayer metaverse project will now launch in Q1 2025. Floki has developed the game over three years to improve meme coin’s utility. The delay gives the team more time to collaborate with auditing partners.

“To ensure absolute safety of assets and users within the Valhalla ecosystem, we commissioned two of the most respected auditors in this space—Hacken and OpenZeppelin—to review the Valhalla contracts prior to mainnet launch. They recently made a number of suggestions that will help further enhance the security of the platform and safety of users and assets within the Valhalla ecosystem,” Floki wrote on X (formerly Twitter).

However, the announcement saw FLOKI’s price drop nearly 3% on Tuesday. Floki stated that it aims to ensure a smooth launch by extending the timeline.

News source:beincrypto.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Nov 27, 2024