The Metaverse industry continues to struggle while $NXTT continues its rally
08 Juni 2022 - 08:00AM
NEWSBTC
The crypto market has been facing a rough time over the past few
months. The majority of assets have been in a bearish trend,
following the broader market sentiment. Some have managed to
weather the storm better than others. Let’s compare and contrast
the two digital assets, $SAND and $NXTT. Comparing Performance The
Sandbox ($SAND) has been one of the hardest-hit tokens amidst this
crypto downturn. The Sandbox, a gaming project that aims to create
a blockchain-based virtual world, has seen its token price drop
from $6 at the start of the year to under $1.30, as of writing,
representing a nearly 80% loss. Meanwhile, $NXTT, the token behind
Next Earth, has maintained relative stability throughout the bear
market and is down just around 38% year-to-date. NXTT launched at
around $0.001 in late January, and now sits at around $0.0034, and
was recently at $0.004. In the meantime, many other altcoins,
particularly small-cap altcoins and ICO tokens, have seen their
prices plummet by 80% or more. So, while $NXTT is down from its
peak, it’s actually one of the better-performing altcoins in this
market downturn. Comparing The Projects On the surface, both The
Sandbox and Next Earth have a lot in common. Both are projects that
are focusing on building a virtual world on the blockchain.
However, that’s where the similarity ends. The Sandbox is focused
on user-generated content and gaming experiences. Next Earth, on
the other hand, focuses on building a virtual world that is a
replica of our own planet, where users can truly own unique virtual
land. Next Earth is bringing an ethos of total decentralization and
equity to the metaverse, in stark contrast to the likes of
Facebook’s Meta, which is being built on centralized
infrastructure. This ethos is represented in their commitment to
donating 10% of all proceeds to environmental initiatives, which
means that over $1 million have already been donated to ocean
cleanups and other worthy causes. The Future of NXTT Next Earth has
an extensive and thorough roadmap that aims to realize the
project’s vision in the coming years. The team is composed of
experienced professionals with a proven track record in the tech
industry. One key element is Next Earth’s positioning as a
platform-as-a-service (PaaS). This will allow developers to build
on top of the Next Earth infrastructure and create their own
applications and experiences. Further, the project is moving more
closely towards becoming a DAO, with plans to decentralize most
decision-making to the community in the future. All in all, Next
Earth is a project that is well worth keeping an eye on. They have
a strong team, a clear vision, and are making great progress
towards becoming the leading player in the virtual world space. The
Takeaway In the current market conditions, it’s clear that $NXTT is
outperforming the Metaverse industry. But more importantly, Next
Earth is a project that is laser-focused on solving some of the
most pressing problems in the space. From their commitment to
decentralization and equity to their efforts to build a replica of
our own planet, Next Earth is a project that is worth paying
attention to. Photo by George Morina
Sandbox (COIN:SANDUSD)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Sandbox (COIN:SANDUSD)
Historical Stock Chart
Von Mär 2023 bis Mär 2024