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Since the cryptocurrency market has evolved, new and novel cryptocurrencies have kept launching to facilitate the decentralized financial system. To date, there are more than 19,000 cryptocurrencies listed on CoinMarketCap. The number of exchanges that serve as retail shops to trade these cryptocurrencies is more than 500.
This increases the cryptocurrency adoption rate among the masses, financial institutions, and big investors. Some of the popular cryptocurrencies ranking in the top 100s on CoinMarketCap include The Sandbox (SAND), Klaytn (KLAY), Ethereum (ETH), Polygon (MATIC), Cardano (ADA), and many others. Sandbox (SAND)
Developed in 2011, The Sandbox (SAND) is a virtual world (also known as the metaverse) that allows users to buy, sell, play and earn digital assets in the form of a game. The project got its hype when Facebook changed its name to Meta (seeing the potential of a future metaverse). Metaverse is a virtual world where each individual has a unique avatar to use the services offered in this virtual space. Although many metaverse projects have been launched since then, what makes The Sandbox (SAND) unique is its contribution to introducing blockchain technology to the world of gaming and the metaverse.
The project is working on building Play-to-Earn (P2E) games along with creating a new world known as the "metaverse".
Clayton (KLAY)
Klaytn (KLAY) is another blockchain-based crypto project working on metaverse development, game finance (gamefi) and more. The features that make Klaytn (KLAY) unique are its end-to-end metaverse developer's package, data guarantee, unique governance structure, built-in scalability, and much more.
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