Feb 28, 2022
Take nothing away from metaverse tokens this week despite the ups and downs in the cryptocurrency market. From a Snoop Dogg NFT launch on The Sandbox to JP Morgan’s land purchase on Decentraland, metaverse tokens were abuzz with constant developments.
Kickstarting the list is the world’s largest metaverse platform, Decentraland. Digital marketing in the metaverse continues to be explored, with JP Morgan becoming the first major bank to set foot into the virtual space.
The Sandbox attracted some big players during February, keeping toe to toe with its larger rival. Italian fashion house Gucci bought a piece of land on the project for an undisclosed amount. Renowned rapper Snoop Dogg released a collection of 10,000 avatars NFT’s on the platform, each price at 150 SAND.
The coin briefly featured on the most purchased tokens by the top 1000 Ethereum Wallets as collaborations with musicians BT and Snoop Dogg came to light.
There was a great disparity between metaverse developments and price action during February.SAND was expected to be the better metaverse performer next week. Its price was trading close to a strong support zone and chances of a bullish rebound were higher compared to MANA and GALA.