CME Group is planning to expand its offerings in the crypto space. The company plans to increase its non-tradable cryptocurrency-focused reference rates and real-time indices. CME Group will now offer three new metaverse indices that track Decentraland, Axie Infinity, and Chiliz.
CME to release three metaverse benchmarks
The reference rates and the indices launched by the CME Group will highlight the US dollar value of each digital asset, and the figures will be calculated and showcased daily by CF Benchmarks, which provides access to crypto benchmark indices,
This move follows the CME’s pursuit of price transparency and accuracy for cryptocurrency products. The company plans to allow market participants to access “price sector portfolios, develop structured products with greater confidence, and manage price risk around various metaverse-based projects.
The indices will be released by January 30. In December, CME and CF Benchmarks said they would be working together to release three crypto benchmarks that will allow investors to access more data in the crypto space.
The news has triggered gains for metaverse coins. MANA, the native token for the Decentraland metaverse, has gained 12.3% in the last 24 hours, and at the time of writing, the token was trading at $0.35, according to CoinGecko.
Similar gains have been reported by AXS, the native token for Axie Infinity, which is up 4.8% in the last 24 hours to trade at $6.96. CHZ has also gained by 2.5% over the past day, trading at $0.109 at the time of writing.
Three new metaverse coins that could make 100x gains in 2023
As these three metaverse coins gain because of the endorsement by CME Group, investors are looking for other metaverse coins that will make 100x gains this year. These coins include Tamadoge and RobotEra.
Tamadoge has emerged as one of the largest meme coins in the market. TAMA is set to explode as the team released the games arcade in beta version, and the community is hyped up about the development. The Tamadoge arcade currently supports three games: To the Moon, Rocket Doge, and Super Doge.
The price of TAMA is up by 4.3% in the last 24 hours, and it is set to explode once the game’s play-to-earn mode is released. During the first quarter of 2023, Tamadoge plans to secure partnerships with other metaverse projects, which will realize its vision for the metaverse.
RobotEra is a Web3 metaverse looking to carve its unique niche in the ecosystem. RobotEra integrates play-to-earn gaming, allowing players to use their imagination to create a virtual world.
RobotEra is a Sandbox-like metaverse, but it has superior features to The Sandbox because it will give users control to create their cities and planets using robots. RobotEra is currently in the presale stage, and the sale has already raised more than $687,000.
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