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Mana Cryptocurrency Jumped Over 400% After Facebook's Meta Announcement
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ndtv.comDecentraland is a self-proclaimed metaverse platform where users can create virtual lands and buy them.
Soon after Facebook rebranded itself to better reflect its shift towards the “metaverse”, a shared digital space where people can interact with each other and with objects, a little-known cryptocurrency soared over 400 percent. Mana, which is used for buying and selling virtual land, much like the metaverse, jumped from $0.80 (Rs. 59) on Thursday, when Facebook announced the rebranding exercise to Meta, to an all-time high of $4.16 (Rs. 310) on Sunday. Launched in 2017, Mana is the native digital currency of Decentraland and runs on Ethereum, the blockchain network behind the world's second-largest digital currency.
Decentraland is a
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