Social media giant Facebook, during a keynote speech on Thursday announced their intention to rebrand to ‘Meta.’ This move is aimed at not just bringing this reality to existence but to also play the pioneer role in its establishment. Talks about bringing the Metaverse to life have caused metaverse tokens to soar over the last few days.
Decentraland (MANA), an Ethereum token for 3D virtual reality platform used to pay for visual plots of lands and lots more. The token’s price, following Facebook’s announcement, rose by over 140% hitting an ATH of $4.9. However, it is currently trading at $2.6.
The Sandbox, another Metaverse project which allows users to create, build, own and also monetize their visual experience, attracted attention as well. Its native token $SAND hit an ATH of $2.4, but is currently trading at $1.6 after going over 100% in the last two days.
The concept of Metaverse appears to be limitless. It aims to create a fantasy world for social, economic and cultural experimentation. Metaverse virtual experience is used to enhance a visual 3D style for online shopping, gamefi and musical live events for more realistic experiences.
Considering how the crypto space has become a force with blockchain technology, the Metaverse is poised to become a force to reckon with also. Currently, the Metaverse is a trending innovation in the tech world and we all hope to see what Metaverse has to offer to not just the crypto world but the world at large.
