Animoca Brands’ Sandbox metaverse game has topped 2 million registered players during its two alpha launches, a play-to-earn season. The crypto game, which is backed by NFTs & its SAND coin, has been in development for about four years, & the current peeks only a few months after its long-awaited season one alpha debut in late November 2021. This incredible interest in the Metaverse has been building over the last year or so. With a spike in interest around Facebook changing its branding to Meta. This has caused impressive price action in newer projects like FIREPIN Token (FRPN) and Decentraland (MANA).
Season two went online on February 4, allowing any user to freely explore 35 various virtual experiences, including an early preview of the “Snoopverse,” created in partnership with renowned artist & recent NFT proponent Snoop Dogg.
There are 200 tasks that players can accomplish to get a chance at receiving an Alpha Pass NFT, which will provide the owner up to 1,000 SAND, which is worth around $3,000 at current pricing.
The Sandbox intends to carry out the initiative in phases going ahead. As per the platform’s 2022 plan, the following quarter will witness the debut of a decentralized autonomous organization (DAO) that will offer holders of SAND, avatars voting rights, & virtual land.
The Sandbox’s collaborations with huge brands like Snoop Dogg, Warner Music, Deadmau5, & The Walking Dead, may have contributed to the game’s early success.
Price activity seems to have been unaffected by anticipation for the season two alpha debut, with SAND down 3% in the last 24 hours and trading at about $2.80. It is down more than 30% in the last 30 days & around 66% from its all-time high around 3 months ago.
In terms of NFTs, the floor price of The Sandbox’s virtual land plots has dropped nearly 10% in the last week, to which they are now worth about $8,000 in Ethereum (ETH). The Sandbox also announced a collaboration with Cube Entertainment on March 2 to create tokenized assets for the game that include parts of Korean culture such as K-pop. This Metaverse cryptocurrency project has made ways to establish itself as a pillar of this digital niche. However, this does mean that there may be less chance for prices to jump compared to newer projects.
However, since the FIREPIN Token (FRPN) is still in its early stages, now seems to be the best moment of investment. The token’s value has more than doubled in less than a week, and with a few weeks left, this figure has the potential to quadruple.
FRPN intends to profit from the Metaverse. The project’s purpose is to create a community-focused DAO environment in the Metaverse. The objective is to construct a utility-based staking platform collaborating with a gaming company.
This coin will be used as a finance reserve for future Metaverse progress projects. For a better user experience, the whole project will be administered utilizing a treasury that incorporates a multi-chain connection. Customers will conduct cross-chain swaps using different techniques on the FIREPIN Token (FRPN) platform at the lowest feasible cost. It will eventually link the Ethereum (ETH), Avalanche (AVAX), Polygon (MATIC), & Solana (SOL) ecosystems to Binance’s Smart Chain (BSC). Because gas rates on blockchains like Ethereum & Bitcoin are notably high, this might affect how all DeFi attempts operate in the future.
There is also a percentage fee every time you purchase FIREPIN Tokens (FRPN). This price is beneficial to FRPN owners since half of it is allocated to those who already own it. The remaining portion of the PancakeSwap fee will stabilize FRPN by encouraging consumers to purchase and hold rather than sell and increasing the size of the liquidity pool.
This might help balance the significant losses suffered by other cryptocurrencies, allowing FRPN to remain stable in the long run while being controlled by the people who invested in the project. In a world where cryptocurrencies are receiving a lot of attention, buying early may provide you with a lot of value for a little amount of money. This article is intended for entertainment purposes only and always do your thorough research when choosing a cryptocurrency.
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Source: https://www.cryptonewsz.com/2-million-users-in-the-metaverse-sandbox-is-firepin-token-next/