The popularity of Collateral Network (COLT) has shot through the roof, and its presale is selling out fast ahead of the project’s forecasted 3500% gains. On the other hand, metaverse-based projects, The Sandbox (SAND) and Decentraland (MANA), have suffered a decline in their popularity.
The Sandbox (SAND) Co-founder Bets Big On Artificial Intelligence
Co-founder of The Sandbox (SAND), Sebastian Borget, believes that the integration of artificial intelligence will speed up the pace of metaverse expansion. The Sandbox (SAND) boss said that AI can create experiences on the metaverse much faster. His comments have come at a time when The Sandbox (SAND) is undertaking several development activities.
Recently, The Sandbox (SAND) joined hands with Ledger Enterprise to offer a higher level of security to its metaverse. Besides, The Sandbox (SAND) has partnered with two leading Hong Kong universities to develop a metaverse focused on education.
Analysts believe that these developments can help The Sandbox (SAND) sustain the current market conditions where the hype around metaverses is fizzling out. At the time of writing, The Sandbox (SAND) is trading at $0.67.
Decentraland (MANA) Eyes Expansion Of Its Market Base
Since the culmination of its Metaverse Fashion Week (MVFW) that lasted from March 28-31, Decentraland (MANA) has been witnessing a continuous increase in its price. While the market value of Decentraland (MANA) was $0.57 on March 31, its price, at the time of writing, is $0.66, which is an increase of 17%. But the growth prospects of Decentraland (MANA) have been in question despite the rise in its price.
The concerns over Decentraland (MANA) stem from the declining popularity of the metaverse. According to The Block, only 26,000 users attended Decentraland’s (MANA) fashion week, which saw over 100,000 last year. However, Decentraland (MANA) is forging new partnerships to regain its market. Recently, Decentraland (MANA) roped Fidelity International to open a campus in its metaverse.
Collateral Network (COLT) Captures Lion’s Share Of Market
Collateral Network (COLT) is a one-of-a-kind decentralized platform that allows users to get loans against their tangible assets on the blockchain.
This challenger lender aims to disrupt the multi-billion dollar lending industry which is traditionally hampered by tedious paperwork, long wait times and border restrictions.
Collateral Network is permissionless and borderless platform meaning people from any part of the globe can obtain a loan or become a lender. The whole process is handled on the blockchain with smart contracts ensuring a quick and frictionless transaction.
As it is on the blockchain privacy and security is ensured for both parties. No one can renege on the deal.
Collateral Network (COLT) has begun the second stage of its presale round at $0.014 and it is expected to witness a 3500% surge in its price before the end of its presale.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk