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Major Developments in the Metaverse Crypto Space
The Rise of Metaverse Tokens in November
In recent times, the Web3 metaverse sector has experienced significant growth, with various tokens reaching new highs during the month of November.
Decentraland’s Desktop Application Launch
An important milestone in the metaverse world was Decentraland’s release of its official desktop application called Decentraland 2.0. Previously, users could only access the platform via a web browser.
The launch of the desktop app for both Windows and macOS has made the virtual world more accessible to a wider audience.
This development coincided with Decentraland hosting a successful annual music event that featured performances by renowned artists like ‘Whipped Cream’.
These events led to increased user engagement on the platform and a significant price surge of almost 100% for the MANA token.
The Sandbox’s Remarkable Surge
Another notable highlight in the metaverse crypto space was the substantial increase in The Sandbox’s SAND token, rising by over 140% in November and becoming the third largest metaverse token according to CoinGecko.
This surge was driven by The Sandbox’s Alpha Season 4, featuring its largest reward pool ever of $2.5 million in SAND tokens for participants.
Major brands and games contributed to creating challenges and quests within the metaverse, enhancing user engagement and leading to a trading volume of $1.91 billion for SAND.
Floki’s Delay of Valhalla Launch
On a different note, meme coin project Floki announced a delay in the launch of its play-to-earn game, Valhalla, pushing the release to early 2025 instead of the original plan for November.
The decision was made to ensure the safety and integrity of the platform, with the project collaborating with respected auditors to enhance security measures before the mainnet launch.
Despite the delay causing a slight drop in FLOKI’s price, the team is focused on ensuring a smooth and secure launch by extending the development timeline.
Caution: This content is for informational purposes only. Results in the past do not guarantee future outcomes.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
