Is the Metaverse Sector Alive? Latest Developments in the Virtual Space

by Spencer Haag

There used to be a first-rate uplift in the Web3 metaverse feature, with several tokens recording major highs in November.

Listed below are some of essentially the most necessary trends in the metaverse crypto scene: Decentraland launched its official desktop app, The Sandbox hosted its splendid reward season, and Floki additional delayed its extremely anticipated metaverse sport.

Decentraland Launches Desktop Utility

The metaverse platform Decentraland launched its official desktop app in October – Decentraland 2.0. Previously, the platform used to be completely accessible thru a web browser.

The desktop utility used to be launched for both Dwelling windows and macOS, making the virtual world more accessible to users.

Following this initiate, Decentraland hosted its annual tune event on the contemporary and improved virtual feature. Several necessary musicians performed on the event, in conjunction with well-liked EDM artist ‘Whipped Cream’.

These trends saw increasing engagement in the metaverse platform, which used to be mirrored in MANA’s market efficiency. The token surged by nearly 100% in November, reaching its highest impress in over six months.

The Sandbox (SAND) Surges Nearly 150% in a Month

Metaverse project strongly picked up in November, as The Sandbox’s SAND token surged over 140% this month. SAND is on the 2nd the third biggest metaverse token in response to CoinGecko.

This recent surge is seemingly being pushed by the platform’s Alpha Season 4. The Sandbox introduced its splendid reward pool ever this season, with a $2.5 million SAND reward available for people.

Users would receive these rewards thru varied quests and challenges on the metaverse. Several principal producers and video games contributed to organising these challenges. These integrated producers corresponding to Playboy, Deep Sea, Suppose, and Hellboy amongst others.

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The Sandbox (SAND) Market Efficiency At some level of November. Source: BeInCrypto

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

FLOKI Delays its Metaverse Game Unless 2025

Meme coin carrying out Floki has delayed the mainnet initiate of its play-to-have faith sport, Valhalla, to early 2025. The game used to be in the beginning web page for liberate this November.

Basically based totally on essentially the most well-liked announcement, the multiplayer metaverse carrying out will now initiate in Q1 2025. Floki has developed the sport over three years to enhance meme coin’s utility. The delay presents the crew more time to collaborate with auditing partners.

“To construct particular absolute safety of resources and users inner the Valhalla ecosystem, we commissioned two of essentially the most valuable auditors in this feature—Hacken and OpenZeppelin—to learn about the Valhalla contracts sooner than mainnet initiate. They recently made a different of solutions that can abet additional toughen the protection of the platform and safety of users and resources inner the Valhalla ecosystem,” Floki wrote on X (beforehand Twitter).

Nevertheless, the announcement saw FLOKI’s impress fall nearly 3% on Tuesday. Floki stated that it goals to construct particular a tender initiate by extending the timeline.

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