GALA and AXS: 2 metaverse tokens to watch amid market crash

June 04, 2022 12:41 AM AEST | By Raza Naqvi
 GALA and AXS: 2 metaverse tokens to watch amid market crash
Image source: Megapixl.com

Highlights

  • Gala Games aspires to revolutionise the gaming business by giving gamers back control over their games.
  • At the time of writing, the GALA crypto was trading at US$ 0.07192 per token.
  • Axie Infinity Shards (AXS) is becoming one of the most widely used metaverse currencies.

The metaverse is a virtual reality, community, game, and blockchain-based online experience. Since the meteoric rise of Decentraland (MANA), numerous crypto initiatives have attempted to replicate its success.

Also Read: Canada's Newton crypto exchange hacked? Find out more here

Many investors and crypto enthusiasts in the metaverse wonder, "What will be the next great crypto metaverse project?"

As the cryptocurrency market is extremely volatile, we cannot predict the future of the metaverse tokens trading on various crypto exchanges.

Let's look at two metaverse tokens to keep an eye on amid a crashing crypto market:

Gala (GALA)

Gala Games aspires to change the gaming business by making games that a player wants to play. It was created to change the way players invest money to make in-game purchases. It wants to make creative games through blockchain technology.

The blockchain-based game wants to give full ownership of the in-game assets to the players.

The GALA token is a utility token that can be used to buy stuff in the game, and it is obtained by running a node. As the crypto market has declined rapidly over the past few weeks, the GALA crypto also declined massively, but it has shown signs of recovery in the last few days.

At the time of writing, the GALA crypto was trading at US$ 0.07192 per token. The metaverse token had declined to US$ 0.06811 apiece in the last seven days.

Axie Infinity (AXS)

Axie Infinity players mint NFTs and collect Axies, digital pets. The game is based on Pokémon, a popular game.

Axie Infinity crypto

Axie Infinity Shards (AXS) are among the most widely used metaverse currencies. Players can earn AXS coins by contributing to content projects and playing games.

According to CoinMarketCap, the AXS crypto climbed four per cent in the last seven days, and it was trading at US$ 19.76 per token at the time of writing.

Also Read: Why is NuCypher (NU) crypto skyrocketing with 20,000% volume gains?

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