The metaverse gained popularity in 2021, attracting most investors that entered the crypto industry. Being metaverse tokens, Axie Infinity (AXS) and Apecoin (APE) became two of the most popular assets for investors.
However, with the rise of Web 3 as the future of the internet, metaverse investors are beginning to leave the likes of Apecoin (APE) and Axie Infinity (AXS) for new investment platforms like Yachtify, which breaks a longstanding investment barrier.
Losses Continue to Mount for Apecoin (APE)
Apecoin (APE) is a product of the Bored Ape Yacht Club (BAYC) – one of the most prominent NFT and metaverse providers. Being already popular and issued through an airdrop, Apecoin (APE) quickly gained attention from investors.
The decreasing talks of the metaverse have certainly taken a toll on Apecoin (APE). Since reaching its peak on May 17th, 2022 the price of Apecoin (APE) has tumbled more than 90%.
The poor performance of Apecoin (APE) has led many investors to either be on the alert or find other opportunities. At the time of this writing, Apecoin (APE) currently trades at $3.88 and continues to be under bullish pressure, losing 23% of its value over the last 2 months.
Axie Infinity (AXS) Suffers Despite Ecosystem Growth
Axie Infinity (AXS) was one of the first metaverse platforms and enjoyed a lot of success in 2021 as the concept went mainstream. The Axie Infinity (AXS) ecosystem continues to grow with constant partnerships and developments.
Despite Axie Infinity (AXS) being one of the biggest metaverse platforms, its token has not lived up to expectations for investors. Since its high of over $160 in 2021, Axie Infinity (AXS) has tumbled by more than 95%.
At the time of this writing, Axie Infinity (AXS) trades at $7.56 per token. The lack of bullish momentum has led to many investors trooping into the new bubbling Web 3 space, which features a one-of-a-kind project, Yachtify.
Yachtify (YCHT): Invest in Luxurious Yacht Market
Investing in luxury boats has seen unprecedented growth following the COVID-19 pandemic. However, because they are expensive to buy and maintain, only a handful of investors have been able to get involved in the industry.
Yachtify will be breaking down those barriers by allowing investors to be able to own a portion of these luxury items via fractionalized NFTs. Yachtify wants to establish a marketplace that enables individuals to earn passive income by investing and owning fractions of boats.
The NFTs minted on Yachtify will be backed by the actual luxury boats and owners will receive a portion of the rental income proportionate to their overall stake when their boat is rented out.
In addition, Yachtify will offer discounted private yacht charters, free sailing lessons, and free yacht offerings to owners of these NFTs. The project has passed its audit conducted by SolidProof, vetting the status of the products it offers as 100%.
The first phase of Yachtify’s token presale is ongoing. $YCHT is currently being sold at a rate of $0.1 per token. Following the launch of the project.
Find out more about the Yachtify (YCHT) presale:
Website: https://yachtify.market
Presale: https://buy.yachtify.market/login
Twitter: https://twitter.com/yachtify_market
Telegram: https://t.me/yachtify