Is Adidas creating a metaverse with Sandbox 👀?
As the buzz around the metaverse picks up, tokens of popular Metaverse companies such as Decentraland and The Sandbox are each up by several hundred per cent over the last 30 days.
The tremendous growth isn't just because of Facebook rebranding to Meta, but because of traditional companies trying to create a metaverse using these platforms. For example, Adidas is hinting at a possible collaboration with Sandbox.
Sandbox's token ($SAND) popped to a new all-time high of $7.22. That's a 25% gain over the past 24 hours, with an even more shocking 30-day jump of 747%. MANA, Decentraland's token has climbed a staggering 539% over the past 30 days
Both Decentraland and The Sandbox are Ethereum-based virtual world games in which players can purchase and customize land plots in a shared, perpetual online world. Such land plots are represented by NFT assets which can also be monetized to provide passive income back to holders.
MANA and SAND aren't the only gaming-adjacent crypto assets up over the last 24 hours, either. Immutable X, a scaling solution designed for Ethereum games and NFTs, is up nearly 9%.