17 May 2022 05:03, UTC.
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Decentraland MANA recovers from last week’s cryptocurrency market crash
Cryptocurrencies were hit hard on May 9. While some cryptocurrencies continue to suffer from the fall, the Decentraland MANA token has begun to recover.
MANA recovered 61% from trading at $0.7 to $1.14. The rise in its price also took MANA out of the oversold zone it had been in for more than three weeks.
What helped MANA’s price soar was the demand from the meta universe, and as we all know, Decentraland is the largest meta universe in cryptospace.
In addition, there is growing interest in specifically connected wearable devices, from investors and users of the meta-universe . They are not like regular wearable devices and are not in the same category as traditional wearable devices.
Bound wearable devices lack any rarity and cannot be sold in any primary market. In fact, their only purpose is to present to the world connected to external NFTs by a third party.
Decentraland was the first to suggest the creation of connected wearable devices . Here is a simple explanation of what connected wearable devices are according to Decentraland:
“Imagine you have an NFT project called Cryptojackets, where each NFT is a different kind of 2D jacket, and you want your users to have a 3D representation of their jacket in their Decentraland backpack. Linked wearables will allow you to send 3D representations of your NFTs inside Decentraland. No need to mint a new token, and your current NFT project will offer a new finished feature!”
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