Digital assets may be traded in virtual goods in the Sandbox virtual environment.
Holders of Axie Community Treasury tokens will decide how funds are utilized.
Let us look at the top 3 metaverse tokens by market capitalization as per CryptoDep.
Decentraland (MANA)
To get the word out about the Metaverse, Decentraland has been doing a lot of outreach. A few days ago, Decentraland announced that they were launching a new “phygital” watch. With further information expected to be released on March 10, Bulova has announced the launch of a wearable watch in the Metaverse in collaboration with Decentraland. According to CoinMarketCap, the Decentraland price today is $2.35 USD with a 24-hour trading volume of $410,893,256 USD. The market cap as per CryptoDep is 3.58B, thus ranking at the top of the list.
Axie Infinity (AXS)
Axie Infinity is a blockchain-based trade and fighting game where participants have a stake. As a part of the Axie Infinity ecosystem, Axie Infinity Shards serve as a unique governance token (AXS). In addition, holders of Axie Community Treasury tokens, decide how funds are spent by participating in governance voting. According to CoinMarketCap, the Axie Infinity price today is $45.38 USD with a 24-hour trading volume of $283,294,858 USD. The market cap as per CryptoDep is 3.39B, thus ranking second in the list.
The Sandbox (SAND)
Digital assets may be bought and sold in virtual goods in the Sandbox virtual environment. For a decentralized platform and a healthy gaming community, the Sandbox combines the power of decentralized autonomous organizations (DAO) with non-fungible tokens (NFTs). According to CoinMarketCap, The Sandbox price today is $2.80 USD with a 24-hour trading volume of $554,460,781 USD. Moreover, The Sandbox is down 4.67% in the last 24 hours. The market cap as per CryptoDep is 3.16B, thus ranking third on the list.