Metaverse-related cryptocurrencies like Axie Infinity and Decentraland are up 37,000% this year, crushing bitcoin and other altcoins
Axie Infinity Media Kit
Metaverse-related cryptocurrencies have surged an eye-popping 37,000% this year — far exceeding the gains of bitcoin, data from Macro Hive shows.
The data was based on the gains of five coins: Axie Infinity, Decentraland, Sandbox, Enjin Coin, and GALA, which rallied 20% over the past seven days alone, the data showed.
The coins are part of the metaverse, a term for the next phase of the internet where people can live, work, and play in the digital world. Small versions of the metaverse have already begun popping up. Axie Infinity, for example, allows users to play games to earn crypto. And in Decentraland, players can own digital land and other assets.
The metaverse rally was likely «turbocharged» by Facebook's decision
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