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.
![After Facebook rebrands to Meta, the value of the Metaverse Token MANA up 100% 1 After Facebook rebrands to Meta, the value of the Metaverse Token MANA up 100%](https://techbriefly.com/wp-content/uploads/2021/11/resim_2021-11-01_121534.png)
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.
![After Facebook rebrands to Meta, the value of the Metaverse Token MANA up 100% 2 After Facebook rebrands to Meta, the value of the Metaverse Token MANA up 100%](https://techbriefly.com/wp-content/uploads/2021/11/resim_2021-11-01_122350.png)
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.