Crypto Market Rallies are Leaving Web3 and Metaverse Hype Behind (MANA, SAND)

Even with recent market gyrations, the chill of crypto winter is becoming a distant memory for traders of digital tokens. The launch of spot Bitcoin exchange-traded funds in January and ringing endorsements from Republican presidential candidate Donald Trump have helped them bounce back from the rout sparked by the collapse of FTX.

But for the metaverse built on digital assets, it remains a very different story.