{"id":459304,"date":"2022-06-08T06:01:00","date_gmt":"2022-06-08T03:01:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/metaverse-tokens-up-400-year-on-year-despite-altcoin-bloodbath\/"},"modified":"2022-06-08T06:01:00","modified_gmt":"2022-06-08T03:01:00","slug":"metaverse-tokens-up-400-year-on-year-despite-altcoin-bloodbath","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/metaverse-tokens-up-400-year-on-year-despite-altcoin-bloodbath\/","title":{"rendered":"# Metaverse tokens up 400% year on year despite altcoin bloodbath"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4127ee497a1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4127ee497a1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/metaverse-tokens-up-400-year-on-year-despite-altcoin-bloodbath\/#%E2%80%9D_Metaverse_tokens_up_400_year_on_year_despite_altcoin_bloodbath_%E2%80%9C\" >&#8221; Metaverse tokens up 400% year on year despite altcoin bloodbath &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Metaverse_tokens_up_400_year_on_year_despite_altcoin_bloodbath_%E2%80%9C\"><\/span>&#8221; Metaverse tokens up 400% year on year despite altcoin bloodbath &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year-on-year.<\/p>\n<p>Leading the gains are Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746% according to data from the May 2022 market <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/kraken.docsend.com\/view\/scyxnqnb9tf8wqpf\">report<\/a> by Kraken Intelligence and CoinGecko. Metaverse tokens can be used to pay fees, buy land, and participate in governance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&amp;ref_src=twsrc%5Etfw\">#NFT<\/a> boom of 2021 has not only drawn mainstream attention to digital art investments, it has also popularized the crypto metaverse.<\/p>\n<p>Kraken Intelligence&#8217;s report takes a closer look at how the crypto metaverse will change the way we communicate: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/kjrf6Pu8yg\">https:\/\/t.co\/kjrf6Pu8yg<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/YHpljpBJR9\">pic.twitter.com\/YHpljpBJR9<\/a><\/p>\n<p>\u2014 Kraken Exchange (@krakenfx) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/krakenfx\/status\/1534204810731339776?ref_src=twsrc%5Etfw\">June 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe next highest category for year-on-year gains were exchange tokens that saw a 6% increase. All other categories saw negative price action in the same time period ranging from -13% for Bitcoin to -72% for DeFi.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/4b9b3bda-2ccb-494a-bb59-9b200b483686.PNG\"><figcaption style=\"text-align: center;\">Kraken Intelligence reveals that Metaverse tokens are up 400% year-on-year<\/figcaption><\/figure>\n<p>Blockchain-based gaming using nonfungible tokens (NFT) and Metaverse platforms has remained tremendously popular throughout 2022 so far. Despite slumping prices across the market, usership among those <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>s has remained consistent at about 1 million users per day according to data from decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> (Dapp) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/topic\/games\">tracker<\/a> DappRadar.\u00a0<\/p>\n<p>The Kraken report pointed out that although May saw flat daily usership, \u201cNFT volume saw a large decrease with daily volume dropping -87.1%.\u201d<\/p>\n<p>Every category tracked by Kraken\u2019s report, including Metaverse and exchange tokens, experienced negative returns over the past 30 days and 90 days. Metaverse tokens were among the worst losers over the past 30 days, dropping 42%, with by far the highest volatility at 173%. <\/p>\n<p>Despite the short term price action, money is pouring in to fund the sector. DAppRadar\u2019s Q1 games <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/blog\/dappradar-x-bga-games-report-q1-2022\">report<\/a> noted that $2.5 billion was raised in support of blockchain games and Metaverse projects in the first quarter of 2022. Investors were eager to back games according to the report because 52% of all blockchain activity came from game DApps:<\/p>\n<blockquote><p>\u201cAt this pace, play-to-earn and Metaverse-related projects will add $10 billion this year to keep building the future of this industry.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Global Web3 metaverse and tax initiatives continue in the face of a market meltdown<\/em><\/strong><\/p>\n<p>Layer-1 tokens such as Solana (SOL) and Cardano (ADA) led the losers as over the past 90 days, they are down 53% and down 43% over the past 30 days.\u00a0<\/p>\n<p>Bitcoin (BTC) and Ethereum (ETH) saw relatively modest losses compared to altcoins over all three time frames measured by Kraken. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/metaverse-tokens-up-400-year-on-year-despite-altcoin-bloodbath\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Metaverse tokens up 400% year on year despite altcoin bloodbath &#8220; Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year-on-year. Leading the gains are Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746% according to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":459305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYzNjZDYxOWItOTRhNS00YzMzLTgwMDQtYmRjZTU0MjY0MDljLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,91083,74868,91498,95118,10751],"class_list":["post-459304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-blockchain-game","tag-defi","tag-metaverse","tag-nft","tag-gaming"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/459304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=459304"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/459304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/459305"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=459304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=459304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=459304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}