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Is the Metaverse Sector Alive? Latest Developments in the Virtual Space | CTKS News

Is the Metaverse Sector Alive? Latest Developments in the Virtual Space

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There has been a serious uplift in the Web3 metaverse house, with a number of tokens recording vital highs in November.

Here are a few of the most notable developments in the metaverse crypto scene: Decentraland launched its official desktop app, The Sandbox hosted its greatest reward season, and Floki additional delayed its extremely anticipated metaverse sport.

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Decentraland Launches Desktop Application

The metaverse platform Decentraland launched its official desktop app in October – Decentraland 2.0. Previously, the platform was solely accessible by means of an online browser.

The desktop software was launched for each Windows and macOS, making the digital world extra accessible to customers.

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Following this launch, Decentraland hosted its annual music occasion on the new and improved digital house. Several notable musicians carried out at the occasion, together with fashionable EDM artist ‘Whipped Cream’.

These developments noticed growing engagement in the metaverse platform, which was mirrored in MANA’s market efficiency. The token surged by practically 100% in November, reaching its highest worth in over six months.

The Sandbox (SAND) Surges Nearly 150% in a Month

Metaverse exercise strongly picked up in November, as The Sandbox’s SAND token surged over 140% this month. SAND is at the moment the third largest metaverse token in keeping with CoinGecko.

This current surge is probably going being pushed by the platform’s Alpha Season 4. The Sandbox introduced its greatest reward pool ever this season, with a $2.5 million SAND reward accessible for individuals.

Users would obtain these rewards by means of numerous quests and challenges on the metaverse. Several main manufacturers and video games contributed to creating these challenges. These included manufacturers similar to Playboy, Deep Sea, Voice, and Hellboy amongst others.

The Sandbox (SAND) Market Performance Throughout November. Source: BeInCrypto

These initiatives influenced elevated engagement on The Sandbox, driving SAND’s buying and selling quantity to $1.91 billion.

FLOKI Delays its Metaverse Game Until 2025

Meme coin mission Floki has delayed the mainnet launch of its play-to-earn sport, Valhalla, to early 2025. The sport was initially set for launch this November.

According to the newest announcement, the multiplayer metaverse mission will now launch in Q1 2025. Floki has developed the sport over three years to enhance meme coin’s utility. The delay provides the staff extra time to collaborate with auditing companions.

“To ensure absolute safety of assets and users within the Valhalla ecosystem, we commissioned two of the most respected auditors in this space—Hacken and OpenZeppelin—to review the Valhalla contracts prior to mainnet launch. They recently made a number of suggestions that will help further enhance the security of the platform and safety of users and assets within the Valhalla ecosystem,” Floki wrote on X (previously Twitter).

However, the announcement noticed FLOKI’s worth drop practically 3% on Tuesday. Floki said that it goals to make sure a easy launch by extending the timeline.

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