The business of the metaverse market has exploded in the past year. The global market size of the metaverse grew to a total valuation of $63.08 billion in 2021 and is expected to grow further with a value of $1607.12 billion expected to be reached in 2030.
Thanks to the likes of Decentraland (MANA), The Sandbox (SAND), and Axie Infinity (AXS), the metaverse industry has flourished tremendously with no signs of slowing down.
While the aforementioned projects are some of the biggest metaverse tokens in the digital asset space, FIREPIN Token (FRPN), a community-driven DAO (decentralized autonomous organization) that aims to integrate the metaverse, is a project that’s currently in presale and looks to make its mark in virtual reality.
Can FIREPIN Token (FRPN) become a leading metaverse crypto?
The sky is the limit for FIREPIN Token (FRPN) whose interesting plans for the virtual reality space have certainly riled up interest in the project, if its live orders section on its website is anything to go by. Currently, in the second phase of its presale with seven days remaining until FIREPIN enters its third and final stage of the presale, the end is near for FIREPIN… or is it the beginning for this prosperous project?
For every transaction of the FRPN token, a portion is taken out and placed into a treasury fund which will then be used as an investment into a series of projects within the metaverse and NFT industries.
The likes of NFT game development, 3D and metaverse VR games, and corporations that have a long-term vision of play-to-earn (P2E) and metaverse games will be invested in, according to FIREPIN’s mission statement. Sooner than later, FIREPIN will be rattling off the milestones on its roadmap with its launch on both PancakeSwap (CAKE) and Uniswap (UNI) to be confirmed following the crypto’s launch on May 27th.
Its multi-chain deployment between Ethereum (ETH) and Avalanche (AVAX) will also be rolled out during the second quarter of 2022, giving users more options in terms of blockchain transactions. Beginning with a starting presale price of $0.000067, FRPN has surged to a price of $0.002493, at this time of writing.
FIREPIN has the benefit of looking at Decentraland and Axie Infinity to somewhat guide them on the path of becoming a metaverse powerhouse and that could have an incredible impact on the journey… a journey that begins on May 27th.
Has Decentraland (MANA) hit its market peak?
Powered by the Ethereum blockchain, Decentraland (MANA) is a virtual reality platform. On the platform, Decentraland users can create, experience and monetize content and applications. The community in Decentraland permanently own the land on the platform which gives them full control over their creations.
Trading at $1.55, at this time of writing, MANA has dipped heavily since reaching its all-time high of $5.85 back in November 2021. Questions have been raised as to why Decentraland has suffered such a consistent bullish run, with one being the market is just generally in a sell-off with most of the top 50 cryptocurrencies trending downwards at this moment in time.
Despite its recent drop in market performance, according to Crowd Wisdom, they predict MANA will rebound to a value of $2.92 by the end of 2022.
Find out more information on the FIREPIN Website, Telegram, Instagram or Twitter (NYSE:TWTR). You can also find more about presale here.