In the aftermath of Thursday’s announcements that Facebook was renaming to “Meta” in an effort to “extend the metaverse into reality,” crypto metaverse tokens have been appreciating at a rate of 100%.
Metaverse-related digital assets are the trend now
The price of MANA, the cryptocurrency that powers Decentraland–a hybrid of Minecraft and Second Life – is now $3.39, up by 100% from yesterday’s price.
Since yesterday, SAND, the native cryptocurrency of The Sandbox, a community-driven metaverse where users can create their own NFT gaming worlds, has surged 35%. SAND hit an all-time high of $2.41 in the early hours of the morning UTC before retreating 30% to its current price of $1.73.
According to data from Zerion, the Metaverse Index token, a tokenized index fund that tracks the price of top metaverse tokens, rose 20% overnight and 50% in the past week.
The Metaverse Index token is priced in accordance with the values of several underlying tokens linked to metaverse goods, such as SAND, MANA, and AXS–the native token for the Pokémon-styled blockchain game Axie Infinity–which fell 11% overnight to $136.
