Golteum (GLTM) has recently shot up to the moon after its successful private sale sell-out, while metaverse tokens Decentraland (MANA) and The Sandbox (SAND) are struggling to keep up. GLTM is a crypto token that powers a new asset-backed NFT platform that is quickly gaining traction in the crypto world, and its rapid success is a testament to the potential of NFTs backed by real-life assets.
Ape in on GLTM now!
GLTM is the native utility token that powers the entire Golteum ecosystem. In case you were wondering what the project is, Golteum is the world’s first 100% asset-backed NFT marketplace wherein its users can buy and sell fractionalized gold-backed NFTs.
It goes without saying that a gold-backed asset is of significantly high value. Gold has been around for tens of thousands of years and has been used as both means of exchange and store of value. The long existence of gold, paired with its characteristics, offers an answer as to why it remains a valuable asset. In trying financial times like the one we are in, gold has proven to be recession-proof, offering its holders security.
Moreover, Golteum has officially teamed up with Fireblocks. To support their mission in launching a top-tier trading platform, they've chosen to integrate the Fireblocks Web3 Engine. This includes custody services, treasury management, risk mitigation tools, and their highly anticipated tokenization mechanism for the handling of all gold NFTs.
Golteum’s vision is to revolutionize the gold industry by providing Web3 access to the world’s oldest reserve currency which is gold. Through Golteum, holders of its gold-backed NFTs are offered a sense of ownership over the digital assets as well as gains from the value of the underlying asset, gold.
Also of importance is the GLTM token that powers the Golteum ecosystem. Since the private sale, its value has gone up by over 85%, and experts have predicted that holders would see north of 350% gains upon the conclusion of the final pre-sale round, including a 20% bonus to holders.
GLTM’s success so far is tied to the various utilities it offers to holders. In addition to providing fee discounts on subscriptions to holders, they can also stake it to earn APRs that exceed market rates when Gotleum launches its staking feature.
Further on, the smart contract that powers GLTM has been audited and verified by Certik, a leading blockchain security expert.
Severe decline in interest in metaverse tokens.
As the broader financial and cryptocurrency markets continue to decline this year, metaverse-based projects have suffered a fall in the number of active users. This has culminated in the value of metaverse-based tokens such as SAND and MANA.
At $0.5782, SAND traded at a 93% decline from its all-time high of $8.44, which was attained last November. The year so far has been plagued by a decline for this metaverse token, as its value has dropped by 90%.
As regards MANA, since it registered an all-time high of $5.90 in November 2021, its price has since dropped by 93%. This year alone, its value has gone down by 90%.
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