The VELO token has been the center of attention in the crypto community, with the asset’s price seeing an astounding 358% increase over the past 6 weeks. Meanwhile, Mallconomy isn’t just another player in the metaverse game; it’s a game-changer! This innovative platform has emerged as the go-to hub for everything metaverse and Web3, offering a convenient and comprehensive environment for brands, creators, and builders to thrive.
VELO grew by 358% in just 6 weeks!
The company behind VELO, which aims to provide digital lending and cross-border asset transfers for businesses, is Velo Labs. However, like XRP, which aims to improve the efficiency of cross-border payments, VELO is focused on improving financial infrastructure and ensuring seamless transactions.
However, unlike Ripple, VELO relies on smart contracts. In addition, several factors contributed to the growth of VELO’s popularity. One of the catalysts was the project’s strategic partnerships with iRemit, Visa and Lightnet.
These collaborations expanded VELO’s regional presence and demonstrated its potential to improve cross-border payments and digital finance solutions. On the other hand, VELO’s price performance contrasts significantly with the current market situation: over the past month, the token has gained 225.51%, while most cryptocurrencies have suffered double-digit losses amid the current correction.
According to data from analytics platform Santiment, VELO’s trading volume has increased by 30% over the past day, reflecting a surge in investor interest in the asset. “To be honest, I only see one direction in the coming weeks. In the worst case, the $0.015 level should hold if a strong correction occurs. But so far VELO is showing strength,” said a member of the crypto community under the nickname CryptoAM17.
A Virtual Hub for All with Mallconomy
Imagine a bustling virtual mall, teeming with possibilities. Mallconomy provides the infrastructure for this vision to become reality. However, Mallconomy offers brands a seamless way to enter the metaverse. They can establish virtual storefronts, showcase their products, and engage with a captive audience.
Moreover, Mallconomy empowers creators with the tools to build, design, and monetize their metaverse experiences. It fosters a collaborative environment where creators can innovate and bring their visions to life. Developers and entrepreneurs can also leverage Mallconomy’s platform to build engaging GameFi experiences. Moreover, the platform fosters an interactive and constantly evolving ecosystem, ensuring users stay engaged and coming back for more. Beyond just a virtual mall, Mallconomy fosters a thriving community. Its features are designed to promote collaboration and reward participation:
A One-Stop Shop for the Metaverse
This feature empowers creators to launch their metaverse projects and secure funding from interested investors within the Mallconomy community. In addition, Mallconomy’s Rewards App incentivizes participation. Users can earn rewards for various activities within the platform, such as shopping, creating content, or participating in events. These rewards can be used for in-game purchases or exchanged for real-world value.
Mallconomy isn’t just about creating a virtual mall; it’s about building a vibrant and sustainable metaverse ecosystem. By fostering collaboration, innovation, and rewarding participation, Mallconomy positions itself as a leader in shaping the future of the metaverse. Meanwhile, It offers a promising future for brands, creators, builders, and users alike.
