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BTC and ETH have managed to achieve significant recognition over the past year. The coming 2022, as many experts are sure, will be influenced by the NFT and the metaverse, which managed to win tangible interest from investors.
Financial journalist Andy Hecht shared his opinion on which of the existing cryptocurrencies were created to work with these promising areas.
- Decentraland. With this cryptocurrency, users of the open 3D platform can purchase virtual plots of land in the form of NFTs. The creators of the token, the Decentraland Foundation, claim that this is the first virtual world in history that belongs to its users. The capitalization of the cryptocurrency is $5.12 billion.
- Axie Infinity and Enjin. Digital pets, whose owners are united by the Axie Infinity community, are put up for battles, explore the world and reproduce their own kind. Users earn coins by operating a game that is partly owned by them. In turn, Enjin helps create NFTs that are used to grow businesses and trade.
- Sandbox. The game was released 10 years ago for artists and players who get the opportunity to monetize virtual activities and receive funds to develop creativity. At its peak, the price of the cryptocurrency reached $8.4.
Andy Hecht believes that, whether or not users are ready to accept the existence of the metaverse, the dynamics of the value of its assets, as well as NFTs, indicate that investors should pay attention to it.
The expert’s opinion is his subjective position and cannot serve as a direct investment recommendation.
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