In the last month, certain GameFi coins have taken off in price, hitting new all time highs and trading volumes. Decentraland (MANA) is the most prominent example. With a peak price of $4.69, the coin currently trades at $3.19, which is significant considering it traded at less than $1 in late October. Other gaming coins, The Sandbox (SAND) and Axie Infinity (AXS) have seen similar patterns of growth in the past few months. A big influence on the price of these coins was Facebook’s recent announcement of the changing of their company name to Meta. Mark Zuckerberg made an extensive video explaining what the Metaverse is and how it can…
OVR divided the entire surface of the earth into 1.6 trillion hexagons measuring 300 square meters each and assigned a non-fungible token (NFT) to each one. The NFTs—hosted on the Ethereum blockchain—are meant to represent ownership of each hexagon of digital space, and give owners virtual rights over that area.