As the number of Metaverse projects has increased, so has the interest in currencies valid in prominent virtual universes. According to CoinMarketCap data, the top three of the largest metaverse tokens with a total market capitalization approaching $27 billion were listed as MANA, SAND and AXS. The Turkish crypto exchange, which closely follows this trend, has listed one of the popular metaverse tokens of the last period for investors in Turkey.
While Metaverse and game projects have created a great economy around the world in a short time since the second half of 2021, investors’ eyes have shifted to cryptocurrencies of these projects. According to Google Trends data, metaverse tokens, which reached the highest global search volumes in the last period of last year, managed to maintain their increasing popularity in October 2021, increasing in the first months of 2022.
Pointing out that the total market volume of metaverse tokens is approaching $27 billion according to the data of the crypto currency price tracking site CoinMarketCap, Gökalp İçer, CEO of the Turkey-based crypto money exchange ICRYPEX, said, “In the real world, you do your shopping in the currency of the country you live in. Each metaverse, which we can define as digital versions of the real world that offers endless possibilities, creates an economy with its own currency. As ICRYPEX, we realized this trend and the future promised by metaverse tokens and brought SAND, one of the most profitable metaverse tokens of recent times, to investors in Turkey.
“Buy 1 year ago, about 190 times profit!”
Metaverse tokens started a rapid upward rally, especially with Facebook’s ownership of the Meta brand. SAND, the native token of Sandbox, an Ethereum blockchain-based virtual land project that allows users to build and trade digital assets, also suffered from this trend, peaking from $0.60 to $8.40.
Reminding that SAND is the 2nd token with the largest market value according to CoinMarketCap data, ICRYPEX CEO Gökalp İçer said, “Sandbox is one of the most popular metaverse platforms where users can buy land and build that land as they wish by connecting their crypto wallets. Not only users, but also world-famous brands such as Adidas and ATARI develop collaborations with this platform. This popularity also increases the market cap of the platform’s native token, SAND. The data shows that a user who invested in SAND a year ago made a profit of 9,400% today. As ICRYPEX, we have listed SAND, which currently has a market size of over $3.6 billion, on our cryptocurrency exchange. We also offered the option to buy and sell with USDT, unlike domestic cryptocurrency exchanges. Thus, users with Tether investments can benefit from the SAND/USDT trading pair.”
“We bring Turkish investors together with pioneering metaverse tokens”
Gökalp İçer concluded his evaluations with the following statements: “As the first Turkish platform with Avalanche C-Chain support, we believe in the future of blockchain technology, crypto money ecosystem and decentralized finance. We think that the Metaverse concept will host very useful projects and democratize finance with the economy it creates. This is exactly why we have brought together crypto money investors in Turkey with local tokens of metaverse platforms and games such as Decentraland, Axie Infinity, Enjin Coin, Radio Caca, Alien Worlds. Now we have added Sandbox among these metaverses by listing SAND. We will continue to develop our cryptocurrency exchange by listening to global trends and the demands of Turkish investors.”