A new report from Kraken Intelligence reveals that Metaverse tokens are up by nearly 400% year on year. Data shows the rise of Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746%. Metaverse tokens can be used to pay fees, buy land, and participate in governance.