Metaverse cryptocurrency tokens have grown the most over the past year

Analysts at Kraken Intelligence reported that the market for metaverse products in 2021 overtook traditional cryptocurrencies in terms of profitability.

The research division of the Kraken crypto exchange has published a report stating that last year, metaverse companies reached their peak profitability and outperformed all digital assets. Experts clarified that we are talking about the tokens of the Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS), ApeCoin (APE), and STEPN (GMT) projects, which were popular among investors in 2021.

«According to the results for the year, the Metaverse sector significantly outperformed the crypto market with a return of 395%,» the analysts said.

However, the experts emphasized that this May, metaversions suffered the largest losses since their inception: «All meta-universes showed negative dynamics in May. Investors who invested in Layer-1, Metaverse, and Meme Coin suffered the largest losses: -43%, -42%, and -39%.»

Due to the negative dynamics, Meta CEO Mark Zuckerberg said in May that his company would lose a lot of money on metaversions. During the shareholders' meeting, the CEO said that the ticket to the metaverse industry would lead to significant losses in the short term. The company will lose money over the next five years, which will affect the value of the shares (they have already dropped by 43% since the beginning of the year).