The prices of metaverse-related cryptocurrencies, including ApeCoin (APE) and infinity axis (AXS) have shot up around 6% in the last 24 hours.

According to data from CoinGecko, BOW is up 6.3% at $3.88, Axie Infinity’s AXIS rose 6.9% to $6.41, while The Sandbox’s SAND it was up 5.2% to around $0.40. decentralandMANA posted more modest gains of 4.4% to hit around $0.31.

By contrast, the broader cryptocurrency market cap has only risen about 1.6% in the past 24 hours.

The news came as APE recently finalized its elections to the Special Council, in which five members were elected to govern the future of the ApeCoin project. ApeCoin is the utility and governance token that underpins Otherside, the metaverse project of Bored Monkey Yacht Club creator Yuga Labs.

On the other hand, video game publisher Square Enix…