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Business News/ Brand Stories / 3 Metaverse Cryptocurrencies- Decentraland, Parody Coin & The Sandbox
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3 Metaverse Cryptocurrencies- Decentraland, Parody Coin & The Sandbox

Due to the growth in the Metaverse and NFTs last year, many people earned millions. As the virtual world expands these three cryptocurrencies take a central spot in the Metaverse boom and you need to include them in your portfolio.

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Every day, interest in the Metaverse and NFTs grows significantly. More individuals are becoming aware of the potential presented by Blockchain projects, which serve as a link between the virtual and real worlds.

Interestingly, with hundreds of meme coins and NFTs flooding the Metaverse market, traders and investors are looking for projects that are reputable, long-term, and sustainable.

Even though the Metaverse is still in its infancy, it is safe to assume that the adoption of Blockchain and cryptocurrencies will improve the Metaverse journey.

If you're considering investing in Metaverse-focused cryptocurrency tokens, then you must have noticed that some of the best investments in recent times include heavyweights like Decentraland (MANA), The Sandbox (SAND), and the promising new coin Parody Coin (PARO). Here’s why experts believe these cryptocurrencies have the potential of making investors millions before the end of the year.

Decentraland (MANA):

Decentraland (MANA) is a virtual reality platform that offers users the opportunity to produce and sell content. Decentraland is a blockchain-based platform that promises to create a network that is owned by its members and offers an immersive experience.

In January 2021, there were around 1.49 billion MANA tokens in circulation. This is almost 68% of the total quantity of 2.19 billion MANA currently available. Some Decentraland Investors include Broslyn Capital, Digital Currency Group, Animoca Brands, Boost VC, etc.

Here’s what is interesting; users can purchase virtual plots of land on the platform -which is a shared metaverse. Users can also interact, communicate, create, and play within a metaverse.

In simpler terms, Decentraland is a decentralized environment where people can explore LAND they own, interact with scenery and constructions, trade virtual assets, and connect.

Users communicate with one another by using servers provided by landowners or third parties to build peer-to-peer connections. Peer-to-peer connections are required in the absence of a centralized server to support social interactions between users as well as apps that the landowner wishes to run within the property.

The Sandbox (SAND):

The Sandbox (SAND) is renowned for its two major mobile hits, The Sandbox (2011) and The Sandbox Evolution (2016), which together have had over 40 million, downloads on iOS and Android. Pixowl, a mobile game developer/publisher, opted to transfer its popular User Generated Content gaming IP and a big community of producers to the blockchain environment in 2018.

The Sandbox (SAND) was first released as an open-world mobile game in 2012. In 2015, the game was released on Steam for PC. The Sandbox's alpha version was released on November 29, 2021. The project is backed by Alpaca VC, Ash Park Capital, Blue Pool Capital, and others.

On May 11, 2022, The Sandbox was mentioned in 1,962 of 2,482,301 social media postings on Twitter and Reddit. The Sandbox is being reviewed by 1,635 different people, and it is currently ranked #99 in terms of most mentions and engagement from collected tweets.

Parody Coin (PARO):

The promising Parody coin (PARO) is a BNB Smart Chain ecosystem that allows users to mint, sell, and interact with NFTs. When you join in the interactive Paroverse, you are given multiple options; this is all part of the concept of the passive income system, which gives you greater power.

The Parody Coin ecosystem has its decentralized application store (dApp). The project's long-term goal is to allow third-party developers to create and publish apps within the ecosystem. To foster the platform's growth, these dApps will provide a variety of services. Assistance with the minting, trading and use of parody NFTs will be provided.

The Parody platform offers three primary types of utility: Parody Bridge, which allows PARO coins to be sent to other blockchains; Parody Swap, which allows investors to trade any cryptocurrency on any blockchain for an equal amount of Parody coins; and Paroflection, which allows investors to render rewards in the native PARO token.

Due to the growth in the Metaverse and NFTs last year, many people earned millions. As the virtual world expands these three cryptocurrencies take a central spot in the Metaverse boom and you need to include them in your portfolio.

For more information on Parody coin (PARO):

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Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in the same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute financial advice.


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Updated: 17 May 2022, 07:25 PM IST
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