Decentraland is currently the biggest gainer
It's no coincidence that these Metaverse-focused crypto projects have seen an uptick. On Thursday, tech giant Facebook announced that it will change its name to "Meta." It stated that it would shift its focus from traditional social media to building the Metaverse.Several cryptocurrencies from projects involved in building the Metaverse have significantly increased in value in response to this announcement. The virtual world Decentraland is currently the biggest winner. The price of its token MANA has increased by 77.9% since the announcement. Cryptocurrency $SAND, the token of Minecraft-like Metaverse game Sandbox, is also up 37.5% today, Axies Infinity's $AXS is up 12.5%, and NFT gaming project Enjin is also up over 15%.
What is the Metaverse?
The Metaverse refers to a future version of the internet in which shared virtual spaces are connected, creating a perceived virtual universe where users can meet, play games, and socialize. Zuckerberg stated that he believes the Metaverse will be the "successor of the mobile Internet," allowing users to create digital worlds using VR technology and augmented reality. As part of yesterday's announcement, he also hinted that his company will support NFTs in the future.100% Success Money Back Guarantee
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