Hype around the metaverse drove NFT tokens up 42% in November, making it the best performing cryptocurrency sector
markets.businessinsider.comThe Sandbox
NFT-linked cryptocurrencies were by far the best performing group of digital assets in November, according to new data from the Kraken exchange, rising 42% as interest in the metaverse surged.
The metaverse is a catch-all term for virtual worlds, where users in the form of avatars can play games, work, build things, or watch live events. Metaverses that use crypto technology such as Decentraland and The Sandbox have recently boomed in popularity.
In them, users can buy and sell non-fungible tokens that represent parcels of land, clothing, or even mega-yachts. A company last week bought a parcel of land for $4.3 million in The Sandbox.
Tokens that facilitate the trading of NFTs within these virtual worlds outstripped more traditional
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