Apes crypto, aka ApeCoin (APE), is "for the Web3 economy". Web3 unlocks a plethora of opportunities for different user classes. Of course, decentralised finance (DeFi) is at the heart of Web3, and so is culture. Yes, you read that right. The NFT space (art) is projected to generate revenue of [roughly $3.50B in 2023](https://codeless.co/nft-statistics/) alone. 

Gaming finance (GameFi), entertainment, and events are on the rise as well. Culture has indeed "found new expression in Web3" and the possibilities are endless. Let us explore these cultural facets further. 

NFTs unlock a whole new mode of artistic expression, with authentic ownership attached to your pieces of art and the genuine possibility of attaching creative layers to your artwork (such as music and stunning visual effects) through NFT and blockchain technology. 

The GameFi market is expected to [reach $38B in 2028](https://www.businessresearchinsights.com/market-reports/gamefi-market-102420) and is a genuine game-changer for the gaming industry. The Play-to-Earn (P2E) gaming model has made earning money while playing games a realistic possibility. 

Of course, as a professional gamer, you can stream your gameplay, participate in gaming contests, and potentially acquire sponsors to make a career in gaming - GameFi makes it possible for ANYONE to earn while playing games - you need not be a professional gamer to partake and win rewards in GameFi. 

Entertainment and events, too, have been on the rise and are well-represented by the NFT community in particular. Dozens of entertainment-laced events [have taken place in 2023](https://www.splunk.com/en_us/blog/learn/blockchain-conferences-events.html) already, with several more set to place by the end of the year. 

## Web3 is for the culture. 

ApeCoin is a decentralised protocol layer that is on a mission to support the present and next wave of "community-led initiatives that drive culture forward into the Metaverse". Apes crypto (APE) is a token that is supporting this initiative. 

![apecoin website screenshot with APE logo](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_29_at_16_35_19_73c310e9c0.png)

## What is the APE Foundation? 

The APE Foundation looks after the ApeCoin decentralised protocol layer. It serves as the base layer upon which Apes crypto holders in the ApeCoin DAO can BUIDL. APE Foundation enables community-led governance and administers the decisions of the DAO. 

Responsibilities of the foundation include project management, bookkeeping, day-to-day administration, and all other tasks that ascertain the ApeCoin DAO community’s ideas are supported. 

In a nutshell, the [APE Foundation](/news/article/prime-ape-planet-nft) stewards the growth and development of the Apes crypto ecosystem inclusively and fairly. It makes use of the Ecosystem Fund (controlled by a multisig wallet) as directed by the ApeCoin DAO to pay all relevant expenses. 

It also provides a nurturing infrastructure for Apes crypto holders to collaborate through permissionless and open governance procedures. 

## What is the ApeCoin DAO? 

By now, I am sure you have a pretty good idea about the functioning of the ApeCoin DAO. Decentralised governance is crucial to the healthy functioning of a globally dispersed community. The functionality of the ApeCoin DAO is instrumental to the ecosystem's success. 

At the time of writing, DAO membership is open to all Apes crypto holders. As a member of the DAO, you can make decisions related to partnerships, projects, governance rules, Ecosystem Fund allocations, and much more! For an in-depth understanding of the ApeCoin DAO, visit the [ApeCoin DAO Governance section](https://apecoin.com/governance). 

## What is the Apes crypto board? 

The ApeCoin Board is a special council on the foundation that administers DAO proposals at the behest of DAO members and serves the community's vision. Mind you, not all DAO proposals require administrative review. Only those proposals that require review as per ApeCoin DAO rules are looked at by the board. 

The initial Board member term is six months, after which DAO members vote annually on board members. At the time of writing, below are the [members of the board](/news/article/bored-ape-nft). 

![apecoin website showing boredape nfts](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_08_29_at_16_35_26_a9e0d612f3.png)

## Apes crypto price prediction 2023 

Apes crypto is an ERC-20 utility and governance token that holds a crucial role in the ApeCoin ecosystem. The total token supply of the cryptocurrency is fixed at 1B tokens. Here are some of its utilities: 

- ApeCoin is the governance token of the ecosystem. It allows APE holders to participate in DAO activities. 
- APE is the ecosystem’s utility token as well. It is a shared currency that can be used by all ecosystem members in a decentralised manner. 
- Apes crypto provides exclusive access to services, events, merchandise, and games. 
- APE also serves as a tool to incentivise participation in projects, games, and services. 

It is clear that APE is multi-faceted and an integral part of the ApeCoin ecosystem. 

As per CoinGecko statistics, the current price at the time of writing of APE is $1.49. The cryptocurrency has a market cap of well over $500M, a 24-hour trading volume of more than $77M, and a circulating supply of over 1/3rd of its total supply. 

ApeCoin is a fascinating, community-led project with a lot of potential. In fact, the crypto’s potential is sky-high if we are talking about its [2023 price prediction](/news/article/ape-coin-price). The crypto asset achieved an ATH of $26.70 on 28 April, 2022, and it could end the year in the $2-3 region. 

You must DYOR research at all times. This is NOT financial advice. Happy APE'ing! 


apecoin logo on image of ape climbing in a tree

What is Apes crypto and the APE price prediction 2023? 

[Pionex](https://www.pionex.com/en/) was created on 24 June, 2019 in Singapore by Daniel Seng-Cheng YEO, a finance industry expert focused primarily on automated trading.

[Automated trading](https://www.investopedia.com/articles/trading/11/automated-trading-systems.asp) can also be termed as a mechanical trading system that allows the automatic execution of trades once certain specific rules for both trade entries and exits are established. 

Due to the extreme volatility associated with cryptocurrencies and the entire decentralized finance (DeFi) sector, Pionex has created 16 free built-in trading bots to help the trading efforts of sophisticated (those with knowledge and experience) and unsophisticated (those without knowledge of fundamental and technical analysis) traders and investors.

Just because the platform was built with automated trading in mind does not mean that it does not support manual trading. Pionex supports manual trading, but this comes with limits and market orders.

Performing the same function as a regular cryptocurrency exchange, traders can buy and sell cryptocurrencies against the stablecoin United States Dollar Tether (USDT).

## Pionex has low trading fees

Many cryptocurrency exchanges are competing for the same number of crypto investors. This is why this trading platform has one of the lowest fees in the space.

Trading [fees](https://www.pionex.com/en/fees) stand at 0.05% for both makers and takers in the spot market. This means that buying, let's say, [ApeCoin (APE)](/news/article/gucci-accepts-apecoin-payment), which was trading for [$5.13](https://coinmarketcap.com/currencies/apecoin-ape/), as of writing on 14 January, 2023, with $100 will give 19 APEs while you pay less than $1 in fees. 

This explains why the exchange records more than 100 million trades daily, processes more than $5 billion in monthly trading volume, and is accessed by potential traders from 100 countries and regions. 

To compete with exchanges specializing in crypto trading bots and others such as Binance, OKX, Gemini, Kraken, Bitget, Huobi, JPEX, and others, Pionex supports approximately 379 coins and tokens. 

Popular cryptocurrencies on the platform include, but are not limited to, Bitcoin (BTC), Ethereum (ETH), [Solana](/news/article/bored-ape-solana-club) (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), [Cardano](/news/article/cardano-analysis-and-explanation) (ADA), Algorand (ALGO), Cronos (CRO), and Fantom (FTM).

## Highly accessible 

It is bad news for any trader to run into problems with liquidity, speed of processing transactions (execution), or verification when customer service cannot be reached instantly.

Within minutes, traders can reach customer service personnel through email support or via live chat through texting. 

Aside from being customer-service friendly, Pionex can also be accessed on [Google Play](https://play.google.com/store/apps/details?id=com.pionex.client&referrer=utm_source%3Dofficialweb&pli=1) and Apple Stores for smartphone users whose devices run Android and iOS.

Despite the positives, the platform lacks a demo account for novices to practice trading with virtual funds. Many crypto exchanges have this feature which can be invaluable to the fortunes of traders in the long term. 

## How to set up a Pionex account

Setting up an account with Pionex is just like creating an account with many centralized exchanges. You must provide legal details of your full name, home and email addresses, and phone number. This will be essential in the next phase of the account creation process.

You must adhere to a verification process where details of information earlier input will need to be uploaded to confirm that the person sitting behind the smartphone or personal computer is a human being. Once verification is complete, you can fund your account and start trading.

## Conclusion: Is Pionex exchange safe?

Pionex is safe to use because it has some of the most credible partners in the crypto game, including Circle, the issuer of the USDC stablecoin, the largest crypto exchange Binance, Simplex, CoinLedger, and Alchemy Pay.


Why is Pionex Trending Online? 

November was quite unforgiving for cryptocurrencies. The gripping [FTX contagion](/news/article/ftx-bankrupt-who-to-blame) has affected the price of [Bitcoin](/coins/btc) and most of the altcoins. However, one altcoin that has made tremendous gains in this choppy market is Ape coin. 

The Ape coin price saw a massive positive rally in the few weeks. Its value has increased by over 28% in the final days of November. Currently, the token is changing hands at $3.88

## ApeCoin - the top performer in the market

Among the top 50 cryptocurrencies, [ApeCoin’s performance](/news/article/top-performing-crypto) has been the most impressive. Where most of the tokens show bearish or neutral trends, the Ape Coin price surged by over 28%. The token also ended the last month with a high of around 25% increase. At the end of October, it closed with its value touching the $5 mark.

However, it saw a sharp decline after the first week of November. In the middle of the month, its value hovered under $3. But towards the end, it had again attained some positive momentum. 

The Bored Ape Yacht Club [(BAYC) NFT collection struggled](/news/article/bayc-nft-suffered-from-ftx-crash) during this period. It slipped to the second spot in the NFT collections price list. Nonetheless, it has reclaimed the No.1 spot. 

Currently, the performance of ApeCoin is only second to DOGE. In the last week of November, Dogecoin had soared by over 29%, just slightly higher than Ape. This rally helped the memecoin regain the $0.1 mark. As of now, DOGE is being traded at $0.1004.

## Ape coin price today

According to [CoinMarketCap](https://coinmarketcap.com/currencies/apecoin-ape/), the token is ranked 30th in the market. Currently, the APE price is $4.15, up by around 1%. It maintains a market cap of $1,483,792,223 with a 24-hour trading volume of $238,275,000. 

Despite the significant gains, the token is showing high volatility. That's why there's still fear among the traders. Besides, it has been trading below its SMA (simple moving average) for the last 200 days. Therefore, there is still intense selling pressure in the market. 

## What’s ApeCoin and its ecosystem?

ApeCoin is the ERC-20 token introduced by the [Ape ecosystem](https://apecoin.com/). It is one of the most popular Web3 platforms because of its highly acclaimed NFT projects, [BAYC](https://boredapeyachtclub.com/) and [MAYC](https://opensea.io/collection/mutant-ape-yacht-club). Besides its collection of non-fungible tokens, its creators also introduced a fungible token. This token has a maximum supply of 1,000,000,000. 

The coin was created to govern its decentralised autonomous organisation (DAO). It helps in building the platform's community by providing them with incentives. Also, it allows every member to become part of the decision-making and gives members access to exclusive events, games, or merch on the ecosystem.

## Token allocation

Its total supply is divided into four major parts. The largest part belongs to its ecosystem, which is 62%. The second largest portion goes to [Yuga Labs](https://www.yuga.com/) and charity. The other two parts are allocated to launch contributors and BAYC founders.

![Picture1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_e017eb844f.png)
  
## Final thoughts

The Ape Coin price has skyrocketed in November. With an increase of over 28%, it became a top performer in the market. After decreasing in value in mid-month, it’s again on its way to breaking the $5 mark. On the other hand, [DOGE](/news/article/dogecoin-twitter-impact) is the only token ahead of Ape in this race.


green crypto coins with apecoin logo and two apes sat down

Ape Coin Price Up 28% in Last Month

Top performing crypto tokens between 21 November and 28 November included Huobi Token (HT), Celo (CELO), Curve DAO (CRV), Dogecoin (DOGE), and ApeCoin (APE).

Numerous events happened during the week. Moni Talks covered topics such as United Kingdom-based [Starling Bank ](/news/article/starling-bank-bans-crypto)cutting its customers' accounts off from centralised cryptocurrency exchanges due to the volatility of the market and crypto wallet [MetaMask](/news/article/metamask-news-collect-ips) making plans to collect user internet protocol (IP) addresses.

In addition, Magic Eden, one of the most patronised non-fungible token (NFT) marketplaces, announced that it had expanded support for Polygon-based NFTs. Polygon is one of the largest NFT blockchains by all-time sales volume, with approximately [$409 million](https://cryptoslam.io/), as of 28 November.

So, let’s take a look at last week’s top performing crypto. 

## Analysis of top performing crypto last week

•	[Huobi Token (HT) ](https://coinmarketcap.com/currencies/huobi-token/historical-data/)increased by more than 60%. HT is the novel token of the Huobi crypto exchange. Much of the token's value spike occurred due to the rebranding of the pioneer cryptocurrency exchange Huobi Global into just Huobi during the week. As part of the rebranding process, Huobi, as a major crypto trading platform, is projected to become one of the top three exchanges across the sector. 

The rebranding led to an increment in trading volume from the smallest value of $14.77 million to the highest value of $27.46 million within the week. The token opened the week strongly at $4.32 on 21 November and reached a weekly low of $4.24 on the same day. HT spiked in price to a weekly high of $7.32 and was trading for $7.12 in the late hours of 27 November. There was a 64% increase in HT price during the last full week of November.

![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_1_79b313f394.png)
 
•	Celo [(CELO) ](https://coinmarketcap.com/currencies/celo/)was up by more than 50%. CELO is the Celo ecosystem native asset, which aims to increase cryptocurrency adoption among smartphone users. During the week, it was reported by major news outlets that Celo has [partnered ](https://www.coindesk.com/tech/2022/11/21/mobile-focused-blockchain-celo-partners-with-ethereum-software-firm-consensys/)with ConsenSys, an Ethereum software company that played an integral role in the Merge (the transitioning of Ethereum from a Proof-of-Work to a Proof-of-Stake network). 

Overall, this partnership will help Celo developers to tap into the technological solution of ConsenSys, which will improve its scalability. Within the week, CELO's trading volume moved from the lowest daily value of $7 million to the highest value of $210 million. On 21 November, CELO opened with a trading price of $0.4329, climbed to a weekly high of $0.714 on 26 November, and saw a decline to a weekly low of $0.4178. It was trading for $0.6737 during the late hours of 27 November CELO gained 55% within the period.
 
![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_2_f0823dd454.png)

•	Curve DAO [(CRV)](https://coinmarketcap.com/currencies/curve-dao-token/) spiked by more than 30%. CRV, like other digital assets housed in the ecosystems of the decentralized application (Dapp), is the novel token for Curve, a stablecoin-based decentralised exchange that relies on an automated market maker (AMM) to oversee liquidity. Curve generated [$3.75 billion](https://dune.com/hagaetc/dex-metrics) as trading volume throughout October. Due to the ongoing FTX bankruptcy case, which has led to the halting of digital asset withdrawals on some platforms, there has been a marked increase in stablecoin use. Since Curve is mainly tailored to stablecoin trading, many investors turned to CRV during the week. CRV's daily trading volume ascended from $58 million to $970 million.

CRV opened on 21 November with a relatively lower trading price of $0.5119. The DeFi token reached a weekly low of $0.4096 on 22 November and increased to a weekly high of $0.7538 on 26 November. In the late hours of 27 November, CRV was exchanging hands for $0.7044 on many crypto trading platforms. CRV spiked by 37% within the period.
 
![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_3_e64bab2b45.png)

•	Dogecoin [(DOGE)](https://coinmarketcap.com/currencies/dogecoin/) brought more than 30% gains to holders. DOGE is the native asset of the meme-inspired project by Jackson Palmer and Billy Markus, creators who decided to poke fun at the idea of Bitcoin (BTC) dethroning the centralised finance system. DOGE has been soaring based on a rumour from David Gokhstein, who [commented via his Twitter account](https://twitter.com/davidgokhshtein/status/1596010692070764544?s=20&t=IyhWVKTyIxmqIxX_Xir8OQ) that there could be developments to the Dogecoin project by Ethereum founder Vitalik Buterin and new Twitter boss and DOGE promoter Elon Musk. 

The demand for DOGE skyrocketed from a minimum daily volume of $360 million to $1.84 billion within seven days. DOGE opened at $0.07718 on 21 November and reached a low of $0.0724 on the same day. The largest meme-inspired digital asset by market capitalization soared to a weekly high of $0.1064 on 27 November and traded for $0.1052 on the back of Asia, as an early mover of the cryptocurrency industry. As of 11:50 UTC on 27 November, DOGE had soared by 36%.
 
![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_4_585d8697c1.png)

•	ApeCoin [(APE)](https://coinmarketcap.com/currencies/apecoin-ape/) Rose More than 20%. APE is the novel token of the ApeCoin ecosystem. On 23 November, it was reported that ApeCoin decentralized autonomous organization (DAO) had l[aunched a community-driven non-fungible token (NFT) marketplace.](https://www.coindesk.com/web3/2022/11/23/apecoin-dao-launches-community-driven-nft-marketplace/#:~:text=ApeCoin%20DAO%2C%20a%20community%2Dled,APE%20ecosystem%2C%20launched%20in%20March.) In the crypto finance industry, exchange listing, the launch of new products by a project, the provision of staking services, and the adoption of a coin or token by a mainstream company are the primary drivers of a cryptocurrency's price. 

Leaning on the successes of Bored Ape Yacht Club and Otherdeeds among Yuga Labs' (creators of the projects) products, APE opened at $3.03 on 21 November, reached a low of $2.86 during the week on 22 November, and reached a high of $3.94 on 27 November. As of 11:50 UTC on 27 November, APE had a trading price of $3.83. Like all the aforementioned top-performing crypto tokens, APE also saw a significant rise in daily trading volume from $79 million to $215 million.
 
![coin market cap](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_5_37da79bf9d.png)

Other top performing crypto included coins that saw multiple percentage gains during the week, such as Litecoin (LTC), Chainlink (LIN), Dash (DASH), Aptos (APT), Convex Finance (CVX), Binance Coin (BNB), Solana (SOL), Casper (CSPR), Aave (AAVE), Ethereum Classic (ETC), and Theta Network (THETA).






Top performing crypto of the last week

The [Monkeyland](https://monkeylandnft.com/), a Metaverse game, has launched its NFT, taking social circles and many communities by storm. It has also attracted the involvement and interest of numerous KOLs and big Vs.

The Metaverse is rapidly evolving. Big names in technology, such as Facebook, Google, Microsoft, Apple, Sony, Tencent, and Huawei, have already implemented the most popular concept, "Metaverse".

## What is Monkeyland?

It is a collection of 3,999 ERC-721 non-fungible tokens on Ethereum. It is a monkey experimental P2E NFT game in which 3,999 monkeys are built, trained, and watched grow in the Metaverse. Monkeyland tokens can be earned by winning or engaging in other people's games.

## The popularity of "Monkey" NFT

The Monkey is immensely popular in the market and is generally in the top ten NFTs preferred by users. Monkey-related tokens have become a social media trend. They have attracted many celebrities, big Vs, famous athletes (including NBA Rookie of the Year LaMelo Ball), and other influential people to participate.

This "[Monkey](/news/article/how-to-buy-monkey-nft)" NFT's east wind naturally blows to Monkeyland NFT. Aside from the hot market caused by the overall environmental situation, the founder of Monkeyland put in place a detailed roadmap before the project's launch, clearly explaining its ownership. The advantages of NFTs include ground monitors, snipers, liquidity pools, and contract manufacturers.

## The wealth effect of Monkeyland NFT

NFT projects with "ecological" attributes are becoming increasingly popular as NFT participants become more interested in projects with utility (rather than just a piece of digital art).

When people purchase digital tokens, they are very concerned with whether they will make money, which sometimes exceeds their liking.

An NFT project will unavoidably draw attention from the outside world if it has a significant wealth effect. There are numerous examples of "small investment, big return". For instance, NBA Top Shot gained popularity after a LeBron James NFT card sold for a handsome $100,000.

Monkeyland has the same genes. You can make huge profits if you purchase the first batch of the NFT. There is still ample room for profit in the secondary market if you have a good eye.

## Monkeyland launch

Within three hours, the Otherside Metaverse sold 55,000 units of Monkeyland tokens, also recognised as the Otherdeed. The land cost 305 [ApeCoin](/news/article/gucci-accepts-apecoin-payment), worth about $5,800 at the time of minting, and grossed $317 million.

55,000 of the 100,000 Otherdeed NFTs have been purchased by more than 27,000 users, with the remaining 45,000 included in the airdrop open to existing BAYC and MAYC NFT holders.

Customers were required to complete a Know Your Customer (KYC) verification of NFT to arrive in the virtual world of the Otherside metaverse.

Holders of the [Bored Ape Yacht Club (BAYC)](/news/article/bored-ape-nft) and Mutant Ape Yacht Club (MAYC) were free to claim Monkeyland for 21 days.
According to Etherscan block explorer data, the Otherdeed sale increased the GAS fee on the Ethereum blockchain to 8,000 GWEI.

## The community effect

People with [Monkey](/news/article/lazy-monkey-nft)-related avatars have recently been seen on social media platforms. Monkeyland has a booming market and attracts a variety of big names in the business and movie industry due to its community effect.

Before this, it was challenging to imagine an NFT project that would inspire thousands of individuals to promote it voluntarily and actively and even express their love by changing their avatars.

## Is it a promising investment?

Monkeyland, the Metaverse game, promises huge profitable returns to its holders. The monkey avatars have taken social media by storm. Looking at the [Monkey NFTs](/news/article/monkeyball-nft) craze, we can say Monkeyland NFT can be a promising investment in the long run. 

But, it is always suggested to conduct in-depth market research before investing.


Monkeyland: Metaverse NFT Game

Gucci, an Italian luxury brand, announced on Monday that it would [accept apecoin as a payment method](https://cointelegraph.com/news/gucci-becomes-first-major-brand-to-accept-apecoin-payments). The payment mode is currently only accessible in the United States because not many countries allow crypto to be accepted as a payment method. The brand is partnering  with Bitpay to make the payment option available. Bitpay is a cryptocurrency payment processing firm that has worked with numerous well-known companies to make cryptocurrency payments possible.

It is, however, Gucci's 12th cryptocurrency that they accept as payment. In May, the company announced plans to accept 12 crypto assets as payment options in 111 stores across North America. Bitcoin, Ethereum, Dogecoin, SHIB, Litcoin, Wrapped BTC, USDT, USDC, and many more were on the list.

Gucci has emerged as one of the few large companies to engage with cryptocurrency aggressively. In February, the Italian brand launched the "SUPERGUCCI" NFT collection in collaboration with the vinyl toy brand SUPERPLASTIC. The following month, it released the "Gucci Grail" NFT collection, targeted at owners of top NFT projects like the [BAYC](/news/article/bored-ape-nft). The brand is profiting from the current excitement in the cryptocurrency and NFT markets.

## Apecoin community reactions

ApeCoin's official Twitter page responded by stating that they are thrilled that Gucci will be the first large company to accept the cryptocoin for in-store transactions. Everyone is excited about this move because it is a community-driven initiative. As a result, it's not surprising that Twitter is flooded with tweets concerning Gucci's moves. Users have been seeing that more corporations are adopting the Web3 environment, and it appears that Gucci is ready as well.

Apecoin (APE) has experienced a rise in its general acceptance as a payment method. As the market has gained traction and the cryptocoin has witnessed some favourable developments, it has increased by about 50% in the previous month. It is currently trading at $7.32. However, the coin is still nearly 75% down from its ATH.



Gucci now accepts ApeCoin as payment

Where do you find Metaverse coins? In the Metaverse, of course. But what's that?
The Metaverse forms a bridge between the real and virtual worlds and is expected to grow rapidly in the coming years.

Some industry experts expect it to be valued between $800 billion to $1 Trillion within the next couple of years. Here are a few of the most valued ‘metaverse coins’ by market capitalisation.

## AXS

AXS is the first ‘metaverse coin’ discussed. It stands for[ Axie Infinity](https://axieinfinity.com/) Shard. Inspired by Pokemon, it was created for use on Axie Infinity’s platform. It is a game where users breed and train Axies to fight each other. Users can also exchange their islands or any items on the game. 

The game has two modes. They are Adventure Mode, where users fight and complete each level, and Arena Mode, where at least two Axies battle off. The rise in popularity within crypto gaming tokens is partly because many investors are interested in NFT, allowing them to understand this type of crypto better. AXS token holders can also vote, stake, and pay for any products.

## MANA

MANA is used to buy and sell items on the Metaverse platform, [Decentraland](https://decentraland.org/). MANA’s value fluctuates based on the current state of the cryptocurrency market. It becomes more expensive following an important event on Decentraland, such as the purchase of a high-value plot of land - just like a company’s share prices increase after positive news.

## SAND

SAND is the original cryptocurrency of The Sandbox, where users can search for and purchase land and create structures to sell. All items acquired are 100% owned by the player creating further revenue opportunities for gamers. This utility token is also used to play games, purchase equipment, and build/customise avatars. Furthermore, you can also earn tokens when playing. People who have the token can also vote on decisions that may affect the game's future development.

## THETA

[Theta](https://www.thetatoken.org/) is software that seeks to encourage a global network of computers to form through incentives. It is a decentralised video streaming platform. As there are restrictions based on location, some areas can not keep up with increasingly high-quality streams. Theta, a “metaverse coin", changes this perspective by letting a global pool of users relay videos by offering their spare bandwidth and computing resources. The more users join the Theta network, the more bandwidth is available, which improves the streaming quality of the videos on the network.

## APE

[ApeCoin](https://apecoin.com/) DAO allows all APE token holders to be involved in governance decisions, such as how to allocate the Ecosystem Fund, governance rules, selection of projects and partnerships, and so on. After voting on the proposals, the APE Foundation carries out the decisions. Yuga Labs, which created the Bored Ape Yacht Club NFT collections, also use APE as the primary token for all their products and services.

More [Metaverse news](/news/category/metaverse-news).
 



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