Here’s how FIREPIN, Axie Infinity and Enjin Coin will participate in the development of the Metaverse and benefit their investors
The metaverse idea exploded last year with many metaverse-inspired projects and tokens such as FIREPIN token (FRPN)Enjin Coin (ENJ) and Axie Infinity (AXS) caught the attention of the masses, which invited investment into the space.
While we already live in a bit of a metaverse with the growing influence of the internet and social media, these companies want to take the development of the metaverse one step further.
FIREPIN token (FRPN)
Supported by Metaverse Decentralized Autonomous Organization (DAO), FIREPIN Token (FRPN) is a community-driven decentralized protocol that aims to develop the fields of Metaverse VR games, NFT games and 3D industry.
Along with its metaverse ambitions, FIREPIN is also a multi-bridge cryptocurrency that allows its holders to transfer value across multiple blockchains.
These blockchains include Binance Smart Chain (BEP-20), Polygon (MATIC), Solana (SOL), Ethereum (ETH) and Avalanche (AVAX) where FRPN holders will be able to choose the fastest and most profitable blockchain to take into account. charged. their operation.
Axie Infinity (AXS)
Axie Infinity (AXS) is a blockchain-based game where players buy NFTs of creatures and match them in battles.
The Axie Infinity metaverse contains “Axies,” which are creatures in the form of NFTs that players can raise and also use in battles to earn in-game currency.
The NFT collection for the game was the first to hit $4 billion in sales, beating CryptoPunks and Bored Yacht Ape Club.
The AXS token, currently ranked as the 41st largest cryptocurrency in the world, according to CoinMarketCap, has seen an increase of 1825.3% in the last year thanks to the growing popularity of NFTs and the metaverse.
The token’s current price, however, is a far cry from its all-time high of $164.90, set in November 2021, with AXS currently trading at $49.07, a decline of over 70%.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is a blockchain-based platform on Ethereum that allows developers to create virtual goods on the blockchain.
With a focus on the blockchain gaming industry, Enjin’s technology is designed to create an ecosystem for the NFT and gaming industries.
Designed to integrate with games, MMORPG players can buy an item from Enjin which they can then use in different games and sell it on an online marketplace.
After enjoying a modest 16.8% rise over the past year, Enjin is currently trading at $1.36, down 71.8% from its all-time high of $4.82, set in November 2021.
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