The value of metaverse related tokens has continued to rise over the past few days. Here’s why. An announcement last week by Mark Zuckerberg made headlines across the globe last week. Moving forward, Meta is the new name of Facebook and all of the companies within their infrastructure. Meta is short for the metaverse, and Facebook is hopeful Meta will become the go-to metaverse space.
Portrayed as a fully immersive online world in which people can live, earn and play, the metaverse is the future of the internet. As you can expect, this announcement saw people scrambling to buy anything metaverse related. Of course, there are many metaverse tokens and NFTs that already exist.
However, it is essential to note that the Meta announcement was met with raised eyebrows by the crypto community. Many people see the metaverse as a global project for all, far away from the grasp of giant multinational corporations.
People have seen this as an opportunity to buy Metaverse tokens before everyone else gets in. Some of these Metaverse tokens have seen triple-digit percentage rises in the last week.
Over the last seven days, MANA, the Decentraland token has risen an incredible 252%. In addition to this, SAND, The Sandbox token, has seen a staggering 271% rise in the previous seven days.
Although Axie Infinity has only risen by 5%, the popular play-to-earn game has been making incredible gains over the last few weeks.