The metaverse has been everyone’s favorite buzzword for the past few years. Since Meta rebranded itself, many brands and protocols like The Sandbox and Gala continue to troop out to lead the forefront for this futuristic concept. However, the crypto market downturn has impacted the development and popularity of the metaverse.
Still, the blockchain space is full of wonderful opportunities, and metaverse investors are already moving to newer innovative projects like Snowfall Protocol. The protocol is the first cross-chain bridge for any type of cryptographic asset. Read on to learn why investors and experts are keen to invest in Snowfall Protocol (SNW).
The Sandbox: The Future or A Fad?
Created by Pixowl and owned by Animoca Brand, The Sandbox Ethereum-based virtual world allows users to gain an immersive virtual experience and create and own in-game assets. In fact, The Sandbox token ($SAND) gained more than 15,000% in less than a year after its launch.
However, the hype around metaverse has reduced, and subsequently, metaverse tokens like SAND lost their value. SAND is currently trading at $0.5, about a 93% price loss from its previous all-time high price of $7.5 in November 2021.
To make things worse, former BigOne Exchange chairman Anndy Lian noted that The Sandbox’s heavy reliance on the Ethereum network could affect its performance. He also reiterated the need for an enhanced, attractive, fun gaming experience for The Sandbox users. However, one silver lining for the SAND token is strategic partnerships and roadmap activities.
Gala (GALA) Gain Momentum After 94% Drop
Gala Games is another notable metaverse platform. Like The Sandbox, Gala Games is a vast ecosystem of fun games of different genres. Notable gaming experts with decades of experience created the platform, and the mission is to decentralize gaming and promote true in-game asset ownership.
Regarding the ecosystem economy, Gala Games is powered by ERC20 GALA tokens. The token clinched its all-time high price of $0.7 in November 2021, about 12 months after hitting an all-time low price of $0.0002. Like SAND, the GALA token took a hit from the bearish market condition. It is trading at $0.04, about a 94% drop from the ATH price.
Snowfall Protocol Turns Investors’ Favorite
While the metaverse might seem attractive, its future is largely unknown. As it stands, the metaverse looks like a hyped fad, but Snowfall Protocol (SNW) has emerged with an ingenious project aimed at positively influencing blockchain technology.
Snowfall Protocol (SNW) is an interoperable cross-chain bridge built for seamless asset transfer across blockchain networks. The protocol offers an easier and more convenient way for anyone to transfer their assets securely from one chain to another.
As you may have imagined, Snowfall Protocol (SNW) does what the likes of Celer, WormHole, or Umbria Narni couldn’t. It houses the first and most efficient way to bridge NFTs and cryptocurrencies simultaneously using the canonical bridge and wrap/swap mechanisms.
Snowfall Protocol token (SNW) is seeing huge buy-ins from metaverse investors and crypto enthusiasts. Understandably, its brilliant use cases have irresistible value. In fact, experts speculate that the token price should rise by 1000x.
The token is selling at $0.182 in presale and has seen more than a 500% rise from the first presale stage. The protocol’s roadmap activities feature unrivaled development to bring more value and newer use cases to the protocol. Therefore, you should get in at this presale when the token is still underpriced.
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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