Interest in Metaverse Projects Remains High Despite Crypto Winter
The trading volume for the top 10 metaverse projects fell by 80% between the second and third quarters.
Keep up with what's happening in the crypto world in real-time.
The trading volume for the top 10 metaverse projects fell by 80% between the second and third quarters.
DappRadar‘s latest report revealed that the Metaverse's growth is driven by demand despite the current conditions of the bear market. The post Metaverse demand remains high despite bear market appeared first on CryptoSlate.
Decentraland has announced a music festival with 100 artists, including performances by Soulja Boy and Ozzy Osbourne.
BudBlockz ($BLUNT) is a cryptocurrency powered marketplace for the cannabis industry. It will also release an exclusive NFT collection known as Ganja Guruz that will provide many benefits including discounts and fractional ownership for its users. Many analysts have predicted a quick price rise for the $BLUNT Token since it has many diverse use cases.
The crypto winter has created chaos over the previous several months, but the bull market promises to undo these effects partially. The past success of DeFi, GameFi, and Meme assets raises the possibility of a similar outcome.
Investors appear to be losing interest in Metaverse-related tokens as only one among the top 10 crypto assets in the niche has recorded a positive performance in the last 30 days. The post Top 10 metaverse tokens tank as interest wanes appeared first on CryptoSlate.
Decentraland, the Ethereum-based metaverse platform has announced the Metaverse Music Festival 2022, an event based in the metaverse that will feature performances from artists across several genres. The first Metaverse Music Festival was held in October last year and attracted over 50,000 visitors over the course of four days.
Decentraland (MANA) price has broken down below the $0.75 horizontal support area and could continue decreasing towards $0.49. Sandbox (SAND) has fallen to a new yearly low and shows no signs of a potential reversal.
More than 10 days after revelations that Decentrand had only 38 active users per day, the Mana price continues to struggle in the markets.
Crypto analytics firm Santiment says that virtual reality blockchain Decentraland (MANA) is quietly flashing an on-chain signal that has previously foreshadowed exponential rallies for the altcoin. According to Santiment, MANA's profit/loss ratio, which compares the amount of coins sitting at a loss to those at a profit, is sitting at three-year lows.
Having spent the past nine months seeing a decline in its price, the ratio of daily on-chain transaction volume in profit to a loss for Decentraland [MANA] is at its lowest level in three years, new data from Santiment revealed.
DappRadar only tracks users directly interacting with blockchain, a new blog post explains. For example, Axie Infinity's daily user count is over 100,000, but DappRadar measures it only at 20,000.
New companies are joining the metaverse every day, but they need land to rent. Are you ready to be a metaverse landlord?
Supontis (PON), Decentraland (MANA), and Cardano (ADA) are striving to change the perception of the cryptocurrency industry. Founded in 2009, crypto gave birth to its first digital currency, Bitcoin (BTC). Like other trends, at first, many did not believe in the legitimacy of a highly technological, blockchain-based currency.
Decentraland (MANA) price is showing bullish signs in the weekly time frame, but the daily chart suggests more downside is likely prior to a reversal. Meanwhile, The Sandbox (SAND) has a bearish outlook in both long- and short-term time frames The post Metaverse: Decentraland (MANA) and Sandbox (SAND) Price Face Immediate Trouble appeared first on BeInCrypto.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Ethereum-based metaverse platforms Decentraland and Sandbox have responded to claims made by users on Twitter regarding the daily active users (DAU) on the platforms. 30 DAU with billions in valuation?
A CoinDesk article reported that Decentraland and The Sandbox have been recording less than 1,000 daily active users.
Decentraland, the largest metaverse platform according to market cap, has just 379 daily active users. Where are users?
Meme coins are so 2021. Instead, consider these unique cryptos offering superior long-term investment prospects.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Flasko has been in the news a lot lately, mainly because it seems like a great investment opportunity of fractionalized NFTs backed by physical assets of expensive wines, champagnes, and whiskeys Is it Flasko or something else that has some whales abandoning tokens like Decentraland (MANA) and LunaOne (XLN), read on to find out. Why Decentraland (MANA) Is On The Verge Of Collapse?
On stage praised the exceptional strength of French entrepreneurs.
While metaverse platforms Decentraland and The Sandbox both have below 1,000 daily active users, they each have over $1 billion in valuation. So who's actually using the metaverse right now?