Despite a year-long decline, the Web3 landscape finally appears brighter, with a noticeable surge in activity in the world of NFTs and cryptocurrencies. In the NFT world, October sales soared by 32% thanks to a significant $1,136,658.03 (600 ETH) CryptoPunks transaction and an NFT-focused episode of The Simpsons. In the crypto realm, Bitcoin ($BTC) is also on the rise, nearly touching $38,000, evoking early investors’ nostalgia for those sorely missed bull market vibes.
However, the Web3 world goes beyond NFTs and well-known cryptocurrencies like $BTC. Gaming and Metaverse tokens also play a tremendous part in the blockchain industry’s rising trajectory.
Triumphing Gaming Tokens
To contextualize the benefits of GameFi coins, let’s look at Illuvium. Spurred by revealing that it’s going mainstream on Epic Games, the Illuvium token ($ILV) rapidly soared by a whopping 79.5% in just seven days and 122.6% over the past 30 days, hitting a coin price of $90.43 and a 24-hour trading volume of $77,012,963. Similarly, ImmutableX ($IMX) has also significantly risen this past week, by 32.9%, sparked by its groundbreaking partnership with the world-famous video gaming titan Ubisoft. Today, the token’s 24-hour trading volume stands at an eye-boggling $594,694,735. Additionally, Star Atlas DAO’s token, $POLIS, had a recent uptick, increasing by 20.9% in just 24 hours, signifying new developments being underway. Another blockchain gaming token worth mentioning is Gala Games’ native token, $GALA, which rose by a notable 25.5% this past week. Last but not least, The Sandbox has enhanced by 5.3% in the past 7 days with potential for increased growth following the Metaverse’s recent collaboration with Gucci.
Such successes present the dynamism and diversity of blockchain gaming/Metaverse tokens, spotlighting their significant contributions to the Web3 realm’s unceasing revival and promising future beyond NFTs and renowned digital coins.
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Meet the Author
Leah is a digital art fanatic who brings a unique perspective to NFT news. She is passionate about exploring the intersection between art and technology and discovering the transformative potential of the NFT space.
As the Web3 landscape continues to evolve, it’s clear that the potential for growth and innovation in blockchain gaming, Metaverse tokens, and NFTs is immense. The recent surge in sales and the rising value of various tokens exemplifies the growing interest and investment in Web3 technologies. It’s an exciting time for the industry, and the future promises even more opportunities for expansion and development.
