Decentraland, The Sandbox, Gala Games and several others are among the top Metaverse and GameFi tokens currently leading the market.
Shortly after bitcoin recovered above the key $50,000 psychological level, the wider cryptocurrency market has started to bounce back from the recent dip.
Metaverse and blockchain gaming projects—sometimes referred to as “GameFi” projects—are currently leading the charge with some of the highest daily increases in the top 100 crypto assets.
What is GameFi
The Concept “GameFi” (Gaming and finance) is somehow similar to “DeFi” (Decentralised Finance).
Many Metaverse-related projects like Axie Infinity combine the two fields by adding play-to-earn dynamics to their games.
GameFi is widely believed to be one of the most significant emerging trends for crypto and the Metaverse today.
The Sandbox, is growing rapidly to become one of the biggest gainer among Metaverse and GameFi projects.
The game’s SAND token is currently trading at $6.30, rising 22.9% presently.
See chart below;