What happened

It is undeniable that metaverse-related cryptocurrencies have been among the least likely candidates for price appreciation heading into 2023. In fact, price action with this asset group has been dismal, with many tokens in this space losing ground. 80% of its value, or more. , only in 2022.

However, with a new year has come greater optimism for this sector. As of 1:45 p.m. Eastern time, Flow (FLOW 14.18%), decentraland (MANNA 13.67%)Y the sandbox (SAND 12.39%) they have risen 13.7%, 12.6% and 12.1% more, respectively, in the last 24 hours.

These moves appear to be linked to a number of interesting catalysts for these projects.

Flow reported that transaction volume has stabilized over the past month, which is important for investors as it is a non-fungible token…