CNBC contributor and CEO of digital currency investment firm BKCM Brian Kelly is naming three metaverse altcoins that he believes possess high potential in 2022.
In a new episode of Fast Money, Kelly says that the three altcoins will appreciate as their respective virtual worlds become more popular.
In the case of Decentraland (MANA), a virtual reality platform, Kelly says the crypto asset could rise in a manner replicating the upward trajectory of social media giant Facebook’s stock.
“In Decentraland, you can buy real estate, you can buy shop fronts, you can do a lot of different things virtually. And the currency of that virtual world is MANA.
And again, about network effect, just like Facebook grew, the price of Facebook stock grew. As these networks grow, and as these virtual worlds grow, the underlying currency needs to grow to service that underlying economy.”
Decentraland, which has appreciated by over 4,200% in the last 12 months, is trading at $3.38 at the time of writing.
Next up is Axie Infinity (AXS), a decentralized game universe where players can own, buy, sell and trade digital assets earned from their participation. According to Kelly, AXS will enjoy upside potential if the ecosystem keeps growing.
“This is a game, play-to-[earn]. It really came on to the scene this year like gangbusters. And it’s all about network effect. As long as this game continues to grow, the value of the underlying currency [AXS] will grow with that network.”
AXS is trading at $96.62 at the time of writing. The native token of Axie Infinity has shot up by roughly 18,000% over the past 12 months.
Next up is The Sandbox (SAND), a gaming ecosystem on the Ethereum blockchain where participants can share and monetize non-fungible tokens (NFTs) and gaming experiences. The CNBC contributor says that SAND will also rise as The Sandbox virtual world gains more popularity.
“As that [The Sandbox] network grows, the currency will tend to grow with it to service the underlying economy.”
The native token of The Sandbox, SAND, is trading at $6.10 at the time of writing. SAND has gone up by over 16,800% over the last year.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/CaptainMCity/LongQuattro
Gracone Inc., whose representative director is Mai Fujimoto and which operates KIZUNA HUB, a platform connecting ideas that change society through SDGs x Blockchain, will donate approximately $12,000 (JPY 1.3 million) in sales collected as of March 2021.
The donation was acquired from the sales of “Explore the History of Bitcoin with Satoshi,” the first product created by ATH Sisters, a duo comprised of representative director Mai Fujimoto and Ven, a voxel artist who leads a Japanese team on the blockchain game “The Sandbox,” and a visual work that depicts a future in which blockchain is widespread, which was created by filmmaker VJyou (Yu Ayato) and sold on the NFT (non-fungible token) platform Rarible.
The proceeds will be donated to certified NPO DxP, headquartered inOsaka City, Osaka and helmed by chief director Noriaki Imai, which will use the funds to provide food and sanitary products to support young people in need and suffering due to Covid-19.
The hopes and aims of the KIZUNA NFT charity project
There’s a phrase and philosophy in Japan called sanpo yoshi ‘good for all three sides’ – the three sides being the seller, the customer and society. It’s a perfect phrase for this NFT charity project. When fans purchase NFT artwork, they will not only be joyful about receiving the work, but they will also be able to support those in need.
We have been making donations using cryptocurrencies, but we feel the need to create a mechanism to attract more donations, as simply promoting low fees and transparency has not been enough to raise the expected amount.
In addition to the elements of sanpo yoshi, the NFT charity includes entertainment that allows more people to have fun while collecting donations. This is our first project, but we are planning to engage in continuous collaboration with wonderful artists who support our movement.
Noriaki Imai, chief director of certified NPO D×P, said,
“Ever since the outbreak of Covid-19, those in their teens who can’t depend on their parents and live alone have consulted us saying that they barely have any cash left. We have provided over 4,000 meals and have distributed over $27,500 (JPY 3 million) in cash.
We also began supporting those who have told us that they don’t have enough money to buy essential products and sanitary products and are unable to go to work or school. The number of inquiries we receive is showing no signs of slowing down. In fact, the number of people seeking our help has outpaced the number compared to the same period last year. Receiving donations under such circumstances means we have more supporters who will help us and that’s encouraging.”
Mai Fujimoto, representative director of Gracone, said,
“On the surface, it feels as if the spread of Covid-19 in Japan has settled down, but as chief director Noriaki Imai of certified NPO D×P mentioned, the number of requests from young people in Japan suffering from the effects of Covid-19 has increased since the previous year.
Understanding the situation and continuing to extend a helping hand is crucial. Gracone will continue to flexibly engage in charity projects using NFTs to meet the needs of society, including activities related to sustainable development goals (SDGs) like Covid-19 relief, poverty and environmental conservation.
We will promote the usefulness of NFTs in economic activities and the purpose of blockchain platforms while expanding awareness of NFTs as a scheme that accepts efficient electronic processes for expressing intent and making payments.”
About Gracone representative director Mai Fujimoto
Mai Fujimoto is known domestically and internationally as Miss Bitcoin. She has been promoting the spread of Bitcoin around the world since 2011. The company raises awareness of use cases for cryptocurrencies and blockchain for social good.
It began operating the cryptocurrency donation platform KIZUNA in 2017 and started using social goods integrating blockchain as an infrastructure in 2020. During the Covid-19 pandemic, the company collaborated with the Binance Charity Foundation to raise approximately $78,500 (JPY 8.55 million) in cryptocurrencies, and donated masks and medical gowns to medical and welfare facilities.
In January 2021, it rallied for a partnership with Enjin for NFT charities, which is currently in development.
About ATH Sisters
A unit comprised of representative director Mai Fujimoto of Gracone, known as Miss Bitcoin, and voxel artist Ven, who leads a Japanese team on the blockchain game, “The Sandbox.” “Explore the History of Bitcoin with Satoshi” is the first work created by ATH Sisters. It was decided that all profits from sales through March 2021 would be donated. Donations consisting of 20% of the revenue and 50% of the royalties will continue. The donations will be made to an NPO supporting those in their teens who are having trouble making ends meet due to the spread of Covid-19.
Also, ATH Sisters will be exhibiting in the Crypto Art Fes 2021 (April 10, 2021, 16:00 JST – April 18, 2021, 22:00 JST) virtual exhibition space Conata. Over 90 artists from around the world will be participating in this exhibition. It is one of the world’s largest crypto art festivals, with around 300 works including art (illustrations), music, VR art and avatars on exhibition.
About Ven
Ven is a voxel artist who leads a Japanese team on the blockchain game, “The Sandbox.” Ven conveys the fun world of voxel art using unique worldviews that have stories. Representative works include “Miss Bitcoin,” “Satoshi” and “SebSamurai.”
About VJyou
VJyou specializes in producing interactive and organic images that combine live-action and programming. VJyou has presented works at UNESCO Dance Congress and the 75th Agency for Cultural Affairs National Arts Festival, recently became active as a crypto artist using VR and presents works with a focus on foundation.
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
