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The past few days have been marked by several cryptocurrency assets logging huge double-digit gains. Not registering the same level of success, leading metaverse tokens APE and MANA have seen a decline in their accumulation.
Norway has forayed into the metaverse with the announcement of a tax office in Ethereum-based Decentraland. The country's tax agency, Skatteetaten, along with its central register the Brønnøysund, revealed their metaverse ambitions at the Nokios Seminar 2022.
The metaverse is primed to be a pivotal turning point in how we interact with each other, from work and education to commerce and entertainment. Gaming will see some of the most substantial changes as the industry embraces metaverse technology and shifts towards greater immersion. Already making waves for metaverse games are Decentraland and Metacade.
Decentraland (MANA) managed to tally a 3.4% increase over the last 24 hours as the crypto space is looking at a possible bullish recovery. In doing so, the crypto managed to trim its losses on its biweekly and monthly charts to 2.7% and 9.4%, respectively.
72 and $0.82 Despite the recent bounce, a bearish order block impeded the bulls' efforts Decentraland had a market cap of $1.
Decentraland (MANA), the 47th-ranked coin by market cap, continued to move in proximity to its long-term support level.
Active users are not the only way to measure the success of a blockchain game, according to the co-founder of Animoca Brands, as he explains why user metrics are falling. The post Animoca Brands: There's More Than One Way to Measure Success appeared first on BeInCrypto.
Decentraland claims to be the first fully decentralized world, is controlled through the Decentralized Autonomous Organization (DAO). The DAO owns Decentraland's most important smart contracts & assets and puts you in control of the policies formulated to determine how the virtual space behaves.
The cryptocurrency industry is ripe with prospects, especially now that multiple token divisions are starting to emerge. Encompassing everything from GameFi, the virtual reality space (Metaverse), meme tokens, DeFi, and more to confidentiality and anonymity.
The trading volume for the top 10 metaverse projects fell by 80% between the second and third quarters.
DappRadar‘s latest report revealed that the Metaverse's growth is driven by demand despite the current conditions of the bear market. The post Metaverse demand remains high despite bear market appeared first on CryptoSlate.
Decentraland has announced a music festival with 100 artists, including performances by Soulja Boy and Ozzy Osbourne.
BudBlockz ($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.
