Without any doubt, the world of non-fungible tokens is growing exponentially. Today, we have NFTs that cost millions of dollars (e.g Bored Ape Yacht Club tokens), and many people continuously mint their tokens. The increased popularity of NFTs has also caused an increased interest in cryptocurrencies. Why? Because cryptocurrencies serve as the fuel used to facilitate the sales and purchases of non-fungible tokens.
Decentraland (MANA), Sandbox (SAND), and Quitriam Finance (QTM) are popular cryptocurrencies used to facilitate NFT transactions. Let’s review essential details about them.
Decentraland (MANA) is a new addition to the cryptocurrency market that has the potential to make you a lot of money. On Decentraland, users can create and sell digital content with several unique interfaces. What’s even better? This platform allows users to buy and sell virtual real estate in the metaverse. Now, that’s mind-blowing.
The innovative platform adopts a native token for its users – MANA. As a metaverse coin, it offers users new possibilities and applications that have never been seen before. This digital asset is designed to run on the Ethereum network. As the metaverse gained more popularity, more investors purchased the token. This caused the price of MANA to skyrocket by more than 50% in early 2022. This token also features on most top NFT platforms. It usually serves as one of the multiple alternatives to buying and selling NFTs. There’s a chance that an increased global interest in NFTs can cause the value of MANA to rise even more.
Decentraland has grown to include other engagement apps, including P2P communication and real-world payment systems. Plans are already in motion to use Decentraland extensively in creating the world’s first metaverse marathon. This marathon would raise awareness for the metaverse and increase the token’s value to a large extent.
Sandbox is one of the most popular games on the metaverse. It offers users an open virtual world where they get to create visual effects with voxel graphics. Also, the Sandbox lets users purchase virtual land, create digital communities, and swap vox creations. All the transactions on the platform are supported by its utility token – SAND. Today, SAND is currently trading at a value of $1.33 and has a market cap of $1.63 billion.
Since its creation, Sandbox has grown exponentially and thrived on the positive reputation of the metaverse. It has even partnered with more than 200 brands worldwide. Adidas, Atari, and Snoop Dogg are among the few reputable names that support Sandbox. Additionally, SAND is one of the most popular coins used to purchase NFTs.
Quitriam Finance (QTM)
Quitriam Exchange is an innovative cryptocurrency platform that runs on the QTM token. This platform aims to allow users easy access to minting Quitriam Finance tokens. The entire platform is broken into three distinct parts; Quitriam Furnace, Quitriam Forge, and Quitriam Mine. Quitriam Furnace allows users to convert their Quitriam Ore into Quitriam Bars. Any amount of ore will be smelted into bars in an easy and convenient process. Quitriam Forge allows you to use the bars you have gained from the furnace to gain multiple items. You can use your bars to forge NFTs, or rate Quitriam items. Finally, the Quitriam mine is where you mint QTM tokens. These tokens will be minted in the form of Quitriam Ore. To mint, users will be required to provide collateral of other interest-bearing crypto assets.
All the operations on the Quitriam Exchange are facilitated by a special utility token – QTM. Quitriam Finance token (QTM) has wasted no time in gaining momentum. While still in the first stage of the presale, the token has a value of $0.00023. There is a total supply of 500 billion QTM tokens up for purchase.
You can access the presale through the link below. Also, you may contact the development team on social media for inquiries. You’ll also find useful information about the progress of the project here.