Binance NFT announced critical changes to its platform. As of September 26, 2023, at 06:00 (UTC), the platform will halt The Sandbox NFT Staking Program. This move results from a strategic decision to optimize the Binance NFT Marketplace’s product line-up.
According to the details provided:
Staking LAND NFTs, currently hosted on the Polygon Network, for daily SAND rewards will be suspended from 2023-09-26 06:00 (UTC).
All LAND NFTs staked on the platform will undergo an automatic unstaking process on September 27, 2023 (UTC). Users can expect the return of their staked LAND NFTs to their Binance accounts by September 28, 2023, at 02:00 (UTC). Furthermore, the final distribution of daily SAND rewards will transpire post this time.
Binance NFT also revealed another significant update concerning the Polygon Network. Starting from September 26, 2023, at 06:00 (UTC), the platform will cease support for the Polygon Network. Consequently, Binance NFT Marketplace users holding NFTs on the Polygon Network are advised to complete their withdrawals by December 31, 2023, at 23:59 (UTC). More specific guidance for affected users will be dispatched subsequently.
Post this deadline, activities such as buying, depositing, offering, or listing NFTs from the Polygon Network on Binance NFT Marketplace will be restricted. Simultaneously, any existing listings linked to the Polygon Network will be automatically nullified at 2023-09-26 06:00 (UTC), with the related NFTs being returned to the users’ accounts by September 28, 2023, at 02:00 (UTC).
While Binance NFT extended its apologies for any potential inconvenience, users seeking further clarity can direct their queries to Binance’s Customer Support or consult the platform’s guides.
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Animoca Brands, a leading figure in the realms of digital entertainment and blockchain technology, has unveiled its financial performance for the year ending 31 December 2022, providing a comprehensive insight into its achievements and future prospects.
The company’s financial health appears robust, with bookings escalating to a commendable A$594 million (approximately US$402 million). This figure represents a significant uptick from the A$428 million (around US$291 million) reported in the previous year. Such bookings are not just mere numbers; they encapsulate the company’s diverse ventures, including token sales, NFT (Non-Fungible Token) sales, and other activities that don’t necessarily fall under the blockchain umbrella.
Diving deeper into their financial reservoir, Animoca Brands has showcased a strong liquidity position. Their cash and stablecoin reserves are pegged at A$286 million (approximately US$191 million). Furthermore, the company’s liquid digital assets, which comprise reserves of the SAND utility token used predominantly in The Sandbox platform, are valued at a substantial A$690 million (roughly US$469 million). Such figures not only highlight the company’s financial prowess but also underscore its strategic investments in digital assets, which are becoming increasingly pivotal in today’s digital age.
Another noteworthy mention is the off-balance sheet token reserves associated with Animoca Brands’ majority-owned Web3 subsidiaries. These reserves have reached a staggering A$2.4 billion (about US$1.6 billion). This includes an array of tokens such as PROS, ASTRAFER, QUIDD, PRIMATE, REVV, TOWER, GMEE, and several others, reflecting the company’s diversified approach in the rapidly evolving blockchain space.
In terms of business expansion, 2022 was a landmark year for Animoca Brands. The company strategically acquired six firms, broadening its portfolio and fortifying its position in the market. These acquisitions include industry players like Grease Monkey Games, known for its prowess in game development, and PIXELYNX, a unique music metaverse gaming platform. Such acquisitions are a testament to Animoca’s vision of integrating diverse digital platforms to offer unparalleled user experiences.
The introduction of Web3 services by Animoca Brands in 2022 is a significant stride towards bridging the gap between traditional web platforms (Web2) and blockchain-based platforms (Web3). With this venture, the company aims to guide other businesses in seamlessly integrating tokens and NFTs into their existing models. This initiative alone contributed a whopping US$120 million to the total bookings for the year, underscoring its success and potential for future growth.
On the leadership front, the company has infused fresh talent into its senior management. The induction of industry stalwarts like Alan Lau, Minh Do, and Jared Shaw is expected to steer the company towards newer horizons.
Product development has also been in the limelight, with Blowfish Studios’ “Phantom Galaxies” making waves by securing US$19.3 million from its Planet Private Sale.
In conclusion, Animoca Brands, with its recognition from industry giants like Deloitte and the Financial Times, continues to shape the digital landscape. Its vast portfolio, strategic acquisitions, and focus on innovation position it as a formidable player in the digital property rights domain and the burgeoning open metaverse.
On August 4, 2023, Lookonchain, a Twitter account specializing in tracking on-chain cryptocurrency data, announced a substantial transfer involving The Sandbox’s ($SAND) tokens. The tweet stated, “We noticed that 127M $SAND ($51.32M) was transferred from #TheSandbox wallets 6 hrs ago.”
In addition, Lookonchain cited information from Token Unlocks, revealing, “According to @Token_Unlocks, 332.55M $SAND ($134.4M) will be unlocked after 10 days, 16.16% of the circulating supply.”
Earlier, on June 5, The Securities and Exchange Commission (SEC) charged Binance, naming SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities in the filing. This announcement led to a significant market reaction, with the $SAND price reaching its peak of 0.6151 on June 5, before plummeting to a low of 0.331 on June 10—a 50% decline within just six days.
On July 14, 2023, Spot On Chain drew attention to a resurgence in $SAND and $MATIC, highlighting that both were “up 10%+ over the past 24 hours after the US judge ruled $XRP is not a security! Amid the pumps, we noticed: The Sandbox may reduce their $SAND position soon. KOL @degentradingLSD took profit from a $MATIC deal he accumulated before the pump.” The $SAND price reached 0.4862 that day, marking the highest level in recent days. However, since then, the price has been on a continuous downward trend.
At the time of writing, the $SAND price stands at approximately 0.4, reflecting a 20% decrease from the recent high. The latest transfer of 127 million $SAND is significant and may exert considerable pressure on the $SAND price, adding further complexity to the market dynamics surrounding this cryptocurrency.
The Sandbox, a leading gaming metaverse, posted a mixed performance in the second quarter of 2023, according to a report released by Messari. The platform saw a robust 59% QoQ increase in NFT mints, primary sales were up 52% QoQ, and active buyers grew 22% QoQ. However, total revenue fell 15% QoQ, despite a 30% increase in non-LAND primary sale volume and an 18% rise in ESTATE volume.
The SEC’s lawsuits against Coinbase and Binance, where SAND was classified as a security, could herald a new era of crypto regulation in the U.S. A recent court ruling on XRP adds complexity to the regulatory scenario.
The Sandbox announced collaborations with brands like Paris Hilton, Warner Music, and others. The roadmap includes new features such as self-publishing experiences by the end of Q3 2023 and the ability to create and rent ESTATEs in Q4 2023.
Daily SAND staked grew 5% QoQ, but fell as a percentage of the circulating supply by 2% QoQ. SAND’s fully diluted valuation hovered between $2.1 billion and $1.1 billion, ending the quarter at $1.22 billion.
Despite facing a tough quarter marked by a fall in revenue, staking rewards, and SAND price, The Sandbox continued to facilitate new partnerships and grow in key areas. The platform faces regulatory uncertainty but is positioned for potential growth.
The Sandbox is a gaming metaverse where players and creators can monetize 3D assets and experiences via NFTs. Initially launched as a 2D mobile game in 2012, it rebranded as a 3D metaverse game in 2018.
McDonald’s Hong Kong has teamed up with The Sandbox, a decentralized virtual gaming platform owned by Animoca Brands, to create the first Web3 experience platform. This partnership has resulted in the launch of “McNuggets Land”, a unique metaverse gaming experience that marks the 40th anniversary of McNuggets.
Users of the game, which went live on July 20, 2023, may communicate with a variety of McNuggets-inspired game characters. Users can share their in-game experiences on social media platforms.
The game also includes a virtual art gallery where users can explore the 40-year history of McNuggets, and a virtual McDonald’s themed game where they can serve McNuggets to customers.
Participants in the McNuggets Land experience stand a chance to win a variety of digital and physical rewards. These include a share of a prize pool worth 100,000 SAND coins and a mystery gift box. Registered participants in Hong Kong can also share 10,000 McNuggets vouchers, with ten winners standing a chance to win the ultimate prize of “Free McNuggets for 365 days”.
The Sandbox platform, which is preparing to accelerate its development in 2023, has attracted over 400 partners, including major brands like Warner Music Group, Ubisoft, and Adidas. The platform aims to provide more self-publishing features and tools for brand partners and users.
Since 1975, McDonald’s has operated in Hong Kong, where it presently has over 250 outlets.
The Sandbox, on the other hand, is a subsidiary of Animoca Brands and has collaborated with numerous mainstream intellectual properties and brands. It has emerged as a significant driver of virtual real estate demand in recent years.
This partnership between a global fast-food giant and a leading metaverse platform highlights the growing trend of traditional businesses exploring the potential of the metaverse to engage with their customers in innovative ways.
On July 3rd, Europe’s blockchain regulatory sandbox officially introduced its inaugural set of use cases. This milestone follows a period of eager anticipation in the industry, culminating from nearly 90 applications submitted back in April. Initiated in 2020 by the European Commission and the European Blockchain Partnership (EBP), the sandbox is set to close the regulatory gap between European nations and crypto companies.
The Commission has accepted 20 projects for the first cohort, with participants hailing from diverse sectors such as finance and capital markets, telecoms and IT, global trade, and transportation. The projects have a broad geographic representation across Europe, with the highest number of 14 use cases in Western Europe, followed by Southern Europe with 10 projects, the Nordics and Central Europe with eight projects each, and Eastern Europe with seven.
The sandbox, facilitated by UK-based law firm Bird & Bird, is designed to create a secure platform for dialogue between regulators, crypto projects, and public authorities. Use case developers will have the opportunity to present their business case to regulators and receive legal guidance, fostering a mutually beneficial relationship between these entities.
Apart from its role as a facilitator, Bird & Bird will also assist in setting up a safe interface for developers and regulators, providing necessary legal advice and regulatory guidance to projects.
The European Commission emphasized that the sandbox would “allow supervisors to enhance their knowledge of cutting-edge technologies involving DLT.” The insights gained from this interaction will be shared among regulators, aiding the Commission in identifying industry best practices.
This regulatory sandbox is designed to function in tandem with other initiatives, notably the EU Digital Finance Platform and the AI Sandboxes under the AI Act. The Commission stressed that integrating these frameworks is vital due to the increasing intersection of innovative technologies across various industry sectors.
The sandbox’s inaugural application period, which ended on April 14, was open to blockchain projects that had a valid proof of concept and cross-border elements. The European Blockchain Regulatory Sandbox will continue to welcome new projects annually until 2026.
As per the official press release, the Sandbox project team witnessed significant interest from the European and international blockchain community, thereby solidifying its status as a bridge builder between regulators and use-case owners.
The selection process was led by blockchain experts from WBNoDE, under the careful supervision of an independent academic panel, including Professors Roman Beck, Soulla Louca, and Walter Blocher. The selected projects are set to enter a dialogue with relevant national and EU regulators in a secure and confidential environment, after which a best practices report will be shared for the wider Blockchain community’s benefit.
The European Blockchain Regulatory Sandbox aims to facilitate cross-border dialogues, increase legal certainty for innovative blockchain solutions, and enhance knowledge of DLT technologies among supervisors. Furthermore, it offers an annual prize for the most innovative regulator participating in the sandbox.
The Sandbox, supported by the Digital Europe Programme and SME strategy, will operate from 2023 to 2026, supporting 20 projects each year, including public sector use cases on the European Blockchain Services Infrastructure.
According to a report by South China Morning Post (SCMP), Hong Kong-based blockchain giant, Animoca Brands, has announced its plans to shift its focus to markets outside the U.S. This strategic move comes in the wake of the U.S. Securities and Exchange Commission’s (SEC) decision to label the firm’s Sand cryptocurrency token as an unregistered security, amid recent lawsuits against major crypto exchanges Binance and Coinbase Global.
Sand is the native crypto token used by Animoca’s metaverse platform, The Sandbox. It was among more than a dozen tokens explicitly labeled as securities by the SEC, a list that also includes Solana, Polygon, and Mana – the token used in the Decentraland virtual world. This decision by the SEC has elevated the legal risks for any company involved in selling these tokens.
Despite the regulatory challenges in the U.S., Animoca Brands remains optimistic about its global operations. The company’s co-founder and chairman, Yat Siu, commented in an email, “Animoca Brands is not focused on a single territory but operates globally. The SEC focuses on the U.S., so that should not have an impact on Animoca Brands in broader markets where Sand is widely available and accepted, including in more progressive jurisdictions like Hong Kong and Japan.”
Siu also disclosed that Animoca has already initiated measures to emphasize more on other markets in response to the recent “blockchain-hostile” approach observed in the U.S. This strategic shift represents Animoca’s adaptive response to the evolving regulatory landscape and is reflective of a broader industry trend towards seeking more cryptocurrency-friendly jurisdictions.
On February 15, the European Commission made the announcement that it will be launching the European Blockchain Regulatory Sandbox. The regulatory sandbox will serve as a forum for discussion around 20 new projects each year until the year 2026.
The sandbox was first announced in the year 2020, and it is now being managed by a number of private companies who were successful in winning bids in the year 2022. The Digital Europe Program will be responsible for providing the funding. Use cases from the public and commercial sectors that include “Blockchain and other Distributed Ledger Technologies” will be considered for the selection of projects, which will be done on a competitive basis by an impartial panel of academic experts.
Applicants from the public sector that have initiatives relating to the European Blockchain Services Infrastructure (EBSI) will be taken into consideration. The European Blockchain Standard Initiative (EBSI) is a pan-European blockchain that is managed by a coalition of EU nations, together with Norway and Lichtenstein.
Participants in the yearly sandbox cohort will be paired with national and European Union regulators in order to get private legal counsel and regulatory assistance. At the same time, regulators will have the chance to become familiar with cutting-edge blockchain technology.
The deadline for applications to participate in the first round of projects is April 14. The projects need to have a proof of concept that has been verified according to the standards, and they need to have a dimension that crosses borders.
The projects that have already been selected for deployment by public authorities will be given precedence. The European Economic Area is where a company’s headquarters should be located (EEA). As long as the EEA-based firm is the one to ultimately benefit from the initiative, these companies are allowed to work in partnership with enterprises headquartered outside of the EEA. Participants should not expect to have any of their costs repaid.
The chosen projects will each be provided with a written legal evaluation, which will be followed by two virtual meetings with the involved regulators. Additionally, applications are being accepted for the EBSI Early Adopters incubator program, which is now in its third cohort.
In the Financial Services Innovation bill that was being introduced in the United States House of Representatives by Patrick McHenry, a comparable sandbox program was suggested. In the next iteration of the United Kingdom’s changes to its financial services industry, a sandbox program of a similar kind may also be included.
Hong Kong-based start-up PANGU, a metaverse agency appointed by Sandbox, is helping clients to enter into the metaverse by providing asset creation and branding consultation services. The company said it is building various business models, including the play-to-earn (P2E) model for clients to support its growth.
Kenny Ng, the founder of PANGU by Kenal (left) believes the Metaverse would be the tendency of the future; and Zero Chung (right) thinks that providing customied solutions to clients is key advantages of the company.
Interior designer in the Metaverse
Stepping into the office located at Kowloon Bay, Eastern Kowloon in Hong Kong, a mini botanical garden has been set up at the base’s main entrance. Agave americana, more commonly known as Century Plant, and other various potted plants are growing under the care of the owner. The vibe of the working environment and its inspirations also come from the green belief.
PANGU, the visual design production company established as its affiliate of the Kenal Group, has hired over 20 staff and still rapidly expanding. Kenny Ng, Founder of PANGU by Kenal, established his team around eight months ago. Ng shared his experience with Blockchain.News, “just like other start-up companies, we are gradually expanding our scale, starting from building up our products with designers, then developing business and marketing teams at the following stage.”
Furthermore, the company plans to establish community management in the long term, PANGU’s Ng shared his ongoing business plans to Blockchain.News.
This company has connected with the Sandbox since last November in 2021 and was just appointed as the official TSB Metaverse agency in April, which is rare for HK-based startups in the global market. According to PANGU, the agency raised its capital independently followed by grants from Sandbox’s “game maker fund”, which aims at connecting with the next generation and the tendency of web 3.
These services support its business growth by providing a one-stop solution, including land purchase with development, offering marketing strategy, digital assets creation and branding collaboration for clients from online to offline.
Kenny Ng, Founder of PANGU said:
“As an agency of (the Sandbox), we wish we are able to provide complete solid service with own our resources, instead of outsourcing works to other parties, which is not practical. So, that would be our direction in practice.”
“Our partnership (between Sandbox and clients) is more like property developers, and we play our role as the builder and property management unit as a contractor, offering consultations for clients on how to develop their own lands and promote their branding through online and offline activities,” Chung added.
Projects such as Metagreenor clients from Standard Character are part of their key clients, these corporate firms have entered into the Metaverse through the Sandbox. In the project of Metagreen, PANGU said they are mainly responsible for purchasing land and its development, non-fungible token (NFT) creation, but also partnerships from online to offline, including partnerships with NFT gallery, NGOs and running other community channel management, such as Discord.
The founder told Blockchain.News that “in this early stage of the Metaverse, most clients are still discovering and exploring what they can do after investing in these virtual lands. Some clients prefer to shape a revolutionized image and identity in the virtual space, while some clients prefer to promote their branding traditionally,” adding that “we are working together with clients to find out a potential and possible (virtual) identity by helping them to build its ecosystem in this space.”
The Chief strategist suggests customized design and creative solutions for various clients would be one of the advantages for the company to remain competitive in the industry, as the company is not just serving local customers but serving globally.
P2E Development
Meanwhile, inspired by environmentally sustainable beliefs, the company also transformed itself into a game developer, trying to bring different scenarios to this virtual space.
Earlier this month, the game developer virtually launchedan NFT drop project, connecting with a gamification-based metaverse space. Featuring ecology conservation and environmental sustainability, the company is introducing a gamification-based platform for players to explore another virtual world– Ecoland.
The Ecoland is a diversified ecosystem, featuring environmental and educational theme interaction for players, according to PANGU. The company said its assets creation is fully designed from scratch by itself. Their voxel characters are unique with high quality.
Operating through the Play-to-Earn (P2E) model, the platform has associated with the Sandbox, players can earn SAND tokens or win some exclusive NFTs after completing several missions in the game in exchange for upgrading their equipment and tradings.
In addition, the gaming platform also wishes to escalate its landscape in the Metaverse, bringing more interactive ways in different scenarios, such as “Play to learn”, to deliver educational messages to players by completing some mini-games in the space. “We are also cooperating with several environmental NGOs, so we will donate serval amount to NGOs we cooperate with when customers buy specific NFTs from them. These objectives would help us fulfil social responsibility obligations,” Chung added.
Regarding crypto adoptions, PANGU said currently it would only use tokens for necessary transactions or trading among campaigns during the execution stage, such as paying gas fees during the minting of NFTs. “The company might use tokens in the future as the incentive for staff, encouraging them to stay tuned in the crypto space,” Ng added.
Previously, the company participated in the event the Artaverse, to increase its exposure to the industry.
PANGU discloses the company is expanding regional and overseas markets during Q3 and Q4 this year.
Promising Potential Value in the Metaverse
According to the latest researchfrom McKinsey & Company, the study suggests the preliminary value of the Metaverse it creates in the space could grow up to $5 trillion by 2030.
E-commerce would be the largest driving force, which takes up to $2.6 trillion, followed by virtual learning ($270 billion), advertising ($206 billion) and gaming ($125 billion) sector.
Meanwhile, the blockchain-related application and scenarios on the Metaverse are still expanding.
Author of “Snow Crash”, Neal Stephenson, who created the term “the Metaverse” nearly 30 years ago, has recently announced a new project named LAMINA1, according to online media outlet Decrypt.
The project was described as a “free metaverse”, a blockchain-based network for building the open Metaverse. “We’re going to have all the facilities of a full layer one (blockchain) to help support and encourage the creators who want to build with us. That is my and Neal’s strategy—align everything around getting the best thing built and getting everybody all the tools they need to build what they want,” Vessenes explained.
Imagination of Virtual Land
The land issue in Hong Kong remains one of the most challenging issues in the city. With limited space and high demand, physical land has become one of the rarest resources for housing, real estate and other property developments.
Since the arrival of Metaverse and virtual lands in recent years, the bond and chemistry between these two topics have the caught attention of investors who wish to join the virtual space instead of trading physical land. More local entities or corporate firms in Hong Kong, as a result, foresee the potential benefit and investment opportunities in the Metaverse. However, these firms still need a builder’s help to construct the Metaverse infrastructure.
Apart from projects coordinated by PANGU, more local firms, such as Telcom operator PCCW and local railway operator MTR, also shared optimistic views by joining the Metaverse space, aiming at raising their awareness and exposure in the virtual space. Meanwhile, Yahoo and Meta, formerly named Facebook, have also announced to launch of a metaverse connection in the city in the hope that to reserve the old style and image of the city.
After the short bearish trend amid the Russia-Ukraine tensions, the crypto market has started to gain ground again. Bitcoin and Ethereum rose by about 1% and 5% respectively during the last week. Many other cryptocurrencies have followed. The popularity and market capitalization of the Metaverse tokens also continues to grow.
Many analysts link the fall and rise of the crypto market to the recent political events and fluctuations of the Russian ruble. When the currency suddenly started to pull back, so did most of the digital assets. Now that the rouble is slowly recovering, cryptocurrencies are shooting up in value again. Last week, Russia claimed that it would only accept rubles and maybe crypto for oil and gas. This statement may have led to the growth of the ruble and the surge in the crypto market.
For the first time in three months, Bitcoin surpassed the $47,000 mark on March 28. The number one crypto might not yet be close to its new ATH, but it might very well hit the new highest price of the year soon. In two days the BTC value jumped by more than $1,000, then retreated, and now continues to grow again. The move may have to do with Russia’s consideration of accepting BTC for its natural resources mentioned above.
Source: Messari.io
BTC is currently trading at $45,502,80. It grew by 1.23%% during the past week and dropped by 3.16% in the last 24 hours.
Ethereum has been growing steadily for the last 10 days and just like Bitcoin saw a big jump on March 28. The price of ETH is still lower than it was in the beginning of the year, but it might reach that point again soon as it seems to be following the bullish trend.
Source: Messari.io
The currency gained 5.35%% during the past week and fell by 3.89% in the last 24 hours. At the moment of writing, ETH costs $3,296.23.
Decentraland (MANA)
Decentraland’s MANA token is the top metaverse crypto by market capitalization. Created in 2017 and open to the public in 2020, the virtual reality platform quickly gained popularity. Users have many possibilities in the virtual world, from creating and exploring to buying and monetizing plots of land. Its native currency MANA is powered by the Ethereum blockchain.
Source: Messari.io
Even though the token was growing earlier this week it went down by 1.72% in the last 24 hours and by 2.88% in the last 7 days. The total market cap of MANA is $4,775,414,595. At the moment of writing, it’s trading at the price of $2.59.
Axie Infinity (AXS)
Axie Infinity is a blockchain-based play-to-earn video game launched by Sky Mavis in 2018. Users get to breed and raise the creatures called Axies and receive rewards for them. Each Axie is a platform’s native NFT.
Source: Messari.io
The currency has seen a huge jump during the last 10 days going up by about $20 in 24 hours. However, it retreated significantly after. The AXS’s value has dropped by 10.91% over the past week and grew by 1.38% over the last 24 hours. At this point, the price of the token is $63.66 and the market cap is $3,885,108,076.
The Sandbox (SAND)
The Sandbox is a NFT-based virtual world where users can create, buy, and sell plots of land in the form of a game. Players can use the virtual land to host events, concerts, or games and monetize their creations. The internal currency SAND is becoming very popular.
Source: Messari.io
This week SAND was growing steadily and saw a couple of big jumps until it suddenly went down yesterday. It dropped by 1.59% in the last seven days and by 1.91% in the last 24 hours. Despite its climbs the coin is still pretty far from its ATH of $8.40 it saw last November. SAND is now trading at $3.40. Its total market cap is $3,939,930,950.
ApeCoin (APE)
ApeCoin is a native cryptocurrency behind the NFT-famous Bored Ape Yacht Club project. Launched less than 2 weeks ago by ApeCoin DAO, the coin immediately gathered a lot of hype around it. ApeCoin is mainly used for purchases within the APE ecosystem.
Source: Messari.io
The total market capitalization of APE is currently $3,581,479,601. It lost 0.58% in value during the week but grew by 2.14% in the last 24 hours. Its current price is $12.77.
Theta Network (THETA)
Theta is a blockchain-based network focused on video streaming. Users of the decentralized platform share bandwidth and computing resources on a P2P basis. The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.
Source: Messari.io
THETA has seen strong growth and shooted up in value by 25.04% during the week. In the last 24 hours it rose by 1.72% and is now trading at $4.09. The total market cap of the currency is now $4,034,400,099.
All in all, even though there have been some drops in the last two days, we can see that most coins and tokens are on the rise and it seems that spring has finally come to the crypto market. There’s a big chance that cryptos will surge even more in the next weeks and months, especially if the political situation stabilizes and countries go ahead with the crypto adoption.
P.S. This article has originally been published on Benzinga.
