Just How Big Is the Metaverse Becoming? With Decentraland, the Sandbox and FIREPIN Token!
Not only has the Metaverse made its mark with cryptos like FIREPIN Token (FRPN), Decentraland (MANA) and The Sandbox (SAND), we’ve started to witness influential companies begin to invest in it. The likes of Microsoft and Facebook (Meta) are just two prominent companies dedicated to building the Metaverse through millions of dollars of investment.
Facebook especially announced its rebrand as ‘Meta’ in 2021 as the company declared its focus on bringing the Metaverse to life and helping people connect virtually and growing businesses. Its ownership of Oculus, the virtual technology company, will help Meta construct a metaverse in the next few years.
Decentraland (MANA)
Decentraland (MANA), one of the earlier proponents of the Metaverse in the crypto space, has seen a growth of 3,300% over the past year and reached a remarkable peak market cap of $12 billion, which now sits at over $4 billion.
Decentraland is a 3D virtual world software where users can purchase and sell virtual plots of land. The project went viral after prices for plots soared as much as 500% in January 2022 following the announcement of Facebook’s rebrand to Meta.
Decentraland’s MANA token is currently down 4.9% in the past 24 hours, but on a more positive note, the token has been up 4.3% in the past seven days. It now ranks as the 31st biggest crypto in the world, according to CoinMarketCap, six places ahead of the 37th biggest ranked cryptocurrency, The Sandbox.
The Sandbox (SAND)
The Sandbox (SAND) is a decentralised gaming metaverse where players have the opportunity to monetise their gaming experiences. Built on the Ethereum blockchain, users can create and sell their own virtual reality NFTs with The Sandbox’s native SAND token used as the foundation for the project’s in-game economy.
A recent partnership between The Sandbox, a subsidiary of Animoca Brands and Cube Entertainment, is based on the business expansion of the Metaverse and NFT industry and ‘AniCube’, a joint venture between Animoca Brands and Cube Entertainment.
The Sandbox co-founder Sébastian Borget said the Metaverse has more to offer within the project with virtual concerts, art exhibits, social parties, and games as just a few experiences that Borget is planning to include.
Both Decentraland and The Sandbox have made substantial progress in the race for a fully-fledged metaverse, and FIREPIN Token (FRPN) could be the next cryptocurrency contributing to the development of the Metaverse.
FIREPIN Token (FRPN)
By building towards a community-driven metaverse universe, FIREPIN Token is dedicated to the evolution of the Metaverse. With plans to establish multi-bridge integration between the ecosystems of Ethereum (ETH), Solana (SOL), Binance Smart Chain (BSC), Polygon (MATIC), & Avalanche (AVAX), FIREPIN look to solve a consistently troublesome issue of transactions being unable to be transported between blockchains.
With the recent opening of FIREPIN’s presale, investors now have an opportunity to get involved with a project that also plans to become a reserve currency to support metaverse initiatives. With the launch of FIREPIN in Q2 of 2022, on both PancakeSwap and UniSwap, excitement is steadily building on a project with considerable plans that could make a significant mark on the crypto space.
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