GameFi And Metaverse Tokens Continue To Lose Value
GameFi and metaverse tokens were the assets most affected by the decline in the markets after the Fed's interest rate decision.
GameFi and Metaverse tokens continue to lose value. Due to high inflation, the central banks' tightening messages and interest rate hikes caused volatility in the markets.
The assets most affected by the current situation were GameFi and metaverse tokens.
Axie Infinity, the leading
NFT game project which gained a lot of attention with the big bridge attack it experienced in the past days, has lost 16 percent in the last 24 hours.
Axie's decrease in ATH was 83 percent. ApeCoin, the token of the leading NFT collection Bored Ape, which is undoubtedly one of the most popular assets of recent times and has just entered the metaverse space, has dropped 17 percent in the last 24 hours.