Cryptocurrency

The Metaverse – Bold Plans for 2022 With Axie Infinity (AXS), and Seesaw Protocol (SSW)

Market Trends

Cryptocurrencies and NFTs are a major part of the adoption of and interactions within the Metaverse.

The Metaverse is on track to be gigantic. Cryptocurrencies and NFTs are a major part of the adoption of and interactions within the Metaverse. Metaverse cryptocurrencies have a combined market cap of over $25 billion, and in the wake of the rebrand from Facebook to Meta at the end of 2021, a large majority of them enjoyed huge success which has continued into 2022.

Axie Infinity (AXS) is ranked 3rd by market cap and as such established itself as one of the top 10 Metaverse cryptocurrencies that took the market by storm towards the back end of 2021. AXS is being touted by many as a project that could play a major part in modern society going forward. A new cryptocurrency with designs on being similarly influential is Seesaw Protocol (SSW), which launches this year and has already garnered a lot of positive attention. 

Axie Infinity (AXS) and Illuvium (ILV)

Axie Infinity (AXS) is a trading and battling game based on the blockchain. There are tangible similarities to the giant gaming behemoths of Tamagotchi and Pokemon. Axie Infinity combines NFTs with a play-to-earn model, making it the perfect candidate for a major metaverse project. The monsters in the game are called Axie, and each Axie is a unique NFT. Users buy Axies with AXS, the native token of the Axie Infinity world. The Axies can be raised, trained, bred, and put to battle with other users' Axies in order to earn experience to then in turn evolve their Axies.

A year ago AXS was at $0.9601. Its all-time high in November of 2021 was an astonishing 17000% increase, up to $165.37. Despite a disappointing start to 2022, in which the entire cryptocurrency market dipped, AXS remains almost 5000% higher than it was a year ago.

Seesaw Protocol (SSW)

Seesaw Protocol (SSW) began its presale at the end of January and it has already gained a lot of attention. A surefire sign of the promise that SSW offers is measured in its Telegram group which has over 20,000 active members. Of course, the most important barometer of a cryptocurrency's success is its price. Despite still being in the first stage of its presale, SSW has increased in value by 250%. A $1000 investment on the first day of the presale would already be worth $3500. In addition, there are still more than 2 months remaining of the presale, and the price can only go up from now until launch.

Seesaw Protocol (SSW) has been created to harness the Metaverse and make it accessible to all. Its lofty ambition is to create fulsome experiences in the Metaverse, including allowing remote learning to utilise modern technology to help inspire new generations. At launch, it will also provide a multi-chain bridge between the Binance Smart Chain, Polygon, and Ethereum.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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