Facebook announced yesterday that they will change Facebook’s company name to “Meta”. On top of that, the value of ‘metaverse’ tokens in the cryptocurrency ecosystem increased by more than 70%. Decentraland, the world’s first decentralized virtual reality platform based on Ethereum, offers its users the opportunity to buy digital land, produce content and applications and earn on them. Such services offered in Decentraland can be purchased for MANA coin.
Another Ethereum-based platform, The Sandbox ecosystem, also offers its users the chance to earn money. The SAND coin used for shopping on the platform is 33% on a daily basis. It gained 3 percent. In addition, the AXS coin used in the game Axie Infinity also gained 12.4%. Sky Mavis, the developer of Axie Infinity, which has more than 2 million daily active players, received a $152 million investment in its Series B investment round. The investment, led by Andreessen Horowitz, was valued at approximately $3 million.
Meta: The Future of Facebook
When Mark Zuckerberg announced that Facebook, which has been on the agenda recently, will change its virtual environment project and corporate name to “Meta”, the values in the ‘metaverse’ themed tokens have completely changed. Described as a platform where people “can come together with their friends and families, work, learn, play and shop”, Meta seems to add a new dimension to social and economic life.
As a step towards achieving the Metaverse goal, Meta announced that the company will be listed on the stock market with the MVRS code as of December 1st. In addition, it has been announced that NFTs will also take part in Facebook’s metaverse project. However, it is not yet known exactly how this new project will differ from other metaverse projects in the cryptocurrency economy.
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