The cryptocurrency market has been going through hard times for the past few months. Most of the assets were in a bearish trend following the broader market sentiment. Some have weathered the storm better than others.
Let’s compare two digital assets, $SAND and $NXTT.
The sandbox ($SAND) has become one of the hardest hit tokens amid this crypto downturn. In the gaming project Sandbox, which aims to create a virtual world based on the blockchain, the price of its token has fallen from $6 at the beginning of the year to less than $1.30 at the time of writing, representing a loss of almost 80%.
Meanwhile, $NXTT, the token is behind Next Earthremained relatively stable throughout the bear market and is down about 38% year-to-date.
NXTT launched at around $0.001 at the end of January and is now around $0.0034 and was recently at $0.004.
At the same time, the prices of many other altcoins, especially small cap altcoins and ICO tokens, have fallen by 80% or more. So even though $NXTT has fallen from its peak, it is actually one of the best-performing altcoins in this market downturn.
At first glance, The Sandbox and Next Earth have a lot in common. Both projects are focused on creating a virtual world on the blockchain. However, this is where the similarity ends.
The sandbox is focused on user-generated content and gaming experience. Next Earth, on the other hand, focuses on creating a virtual world that is a replica of our own planet, where users can truly own a unique virtual earth.
Next Earth brings a spirit of complete decentralization and fairness to the metaverse, in stark contrast to Facebook’s metaverse, which is built on a centralized infrastructure. This ethos is represented in their quest to donate 10% of all proceeds to environmental initiatives, meaning that over $1 million has already been donated to ocean cleanups and other worthy causes.
Future of NXT
Next Earth has an extensive and thorough roadmap aimed at realizing the project’s vision in the coming years. The team consists of experienced professionals with proven experience in the technology industry.
One of the key elements is the positioning of Next Earth as a platform as a service (PaaS). This will allow developers to use the Next Earth infrastructure and create their own applications and experiences.
In addition, the project is moving closer to becoming a DAO, with plans to decentralize most decision making to the community in the future.
All in all, Next Earth is a project worth keeping an eye on. They have a strong team, a clear vision, and are making great strides towards becoming a leading player in the virtual world space.
In the current market conditions, it is clear that $NXTT is outperforming the Metaverse industry. But more importantly, Next Earth is a project that focuses on solving some of the most pressing space problems. From their commitment to decentralization and fairness to their efforts to create a replica of our own planet, Next Earth is a project worth keeping an eye on.
Photo by George Morina
Credit : www.newsbtc.com