In the last 24 hours, the prices of metaverse tokens like ApeCoin (APE) and Axie Infinity (AXS) have risen around 6%. According to Coinmarketcap, APE was up 6% at $3.86, Axie Infinity’s AXS was up 6.74% at $6.40, while The sandbox SAND was up 4.8% at around $0.40. decentraland’s MANA posted more modest gains of 4.44% to reach around $0.30.

These Metaverse Tokens Were Among The Worst Performers In 2022

The announcement came shortly after APE completed its Special Council elections, in which five members were chosen to govern the future of the ApeCoin project. ApeCoin is the utility and governance token that powers Otherside, the metaverse project created by Yuga Labs, the creators of Bored Ape Yacht Club.

In its annual New Year’s letter, video game publisher Square…