Will Metaverse be separated from the Bitcoin market? The player answers "yes".
The meta-world will grow rapidly in 2021 and explode in 2022. With games like Axie Infinity and meta-world platforms like Sandbox that work well with large mainstream apps, the new game 'play for real money Is the result.
However, Bitcoin did not hit its all-time high in 2021, as many expect. Although the overall market has shrunk in recent weeks, there are some crypto assets that are outperforming Bitcoin, namely the metaverse and gaming sectors.
Top meta-space player The Sandbox and rivals like Decentraland, Illuvium, UFO Gaming, Superfarm, and Big Time all vie for their own metaspace show, and most importantly, their users.
As the alpha environment opens up, users can access the sandbox exponentially. In November, Sandbox announced through its mid-channel that its user base had grown 500% this year, with 500,000 wallets and $ 93 million in financial improvements. Selling value-added digital campaigns, it has become one of the most important meta-blocks in the blockchain world.
Celebrities like rapper Snoop Dogg create deep conversations with their fans, who join the meta world and reach out to their idols. Big global companies like Adidas are always developing their own experiences and special events in the sandbox and planning another platform.
At the same time, Bitcoin and other markets are not affected at any point in the fourth quarter of 2021, as many analysts and investors predict.
By comparing the charts over the last 30 days, we can see the difference in the overall market downturn that Bitcoin is showing and the meta-universe / gaming market boom.
The cryptocurrency market exists with young investors, many are gamers, and their expectations and goals will be different from those of the cryptocurrency market.
Players are passionate about encountering other realities in the meta world. They want to immerse themselves in the virtual world, not just in games. They want to avoid stagnant life, follow the never-ending notion of metacosm, and flaunt their hard NFT assets on expensive digital real estate.
As Axie Infinity becomes the most popular crypto game of 2021, Sandbox has become the market leader of Metaverse due to the large number of users on the platform, but soon there will be competitors such as Metaverse, NFT. and UFO. . Games and SuperFarm have started rolling out their platform.
Superfarm Founder and CEO Elliot Wainman believes all signs point to the metaverse and gaming tech going to stand out in other stores.
Another sign that the Meta Universe is moving away from Bitcoin is that it favors market capitalization. Paradigm, BoostVC, and other venture capitalists have invested heavily in gaming and the corporate meta-universe.
So how can the metaverse prevent it from running out of dominance in the Bitcoin market? to rent.
Venture capital is pouring in in metaverse-type flows, but most of these companies still have a long way to go before they can actually build their own platforms. The full and immersive gameplay and experience with a large user base can take years to develop. Currently, most beta games are the best, and some have yet to make their products publicly available.
In order to attract more investors, some game studios have developed short films and video recordings, but subsequent improvements have not been completed and a few users have used to create more valuable assets.
Venture capitalists are at great risk. In fact, history shows that Level 3A sports often take years to improve overall. This can be a problem for traders in the medium term, as no real world game will make investors dissatisfied and some will find these platforms unaffected by their financial (and economic) nature.
The good news for traders is that for now, the exchange looks set to continue regardless of other markets, especially Bitcoin.
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