Axie Infinity, Decentraland and ‘metaverse’ cryptos rally after Facebook rebrands to Meta -Breaking
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Facebook’s decision on Oct. 28 to Meta rebrands itself — to indicate its plans to build an Avatar-filled Metaverse — helped spark a speculative rally across cryptocurrencies that belong to similar virtual world projects.
Decentraland is a Virtual place that has its own economy, currency (MANA) and social events — accessible to anyone with a web browser — saw its market valuation explode from $1.44 billion to $2.08 billion over the past 24 hours. Its native token MANA saw a jump of around 45% to $1.14 during the same time.
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