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Metaverse, NFTs and Gaming Token Prices Soar as Facebook Goes Meta
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Prices of metaverse, non-fungible tokens (NFTs), and gaming tokens have shot up in the past few hours, with markets buoyed by the news that Facebook is to rename itself Meta. The tech giant reaffirmed its plans to rebrand itself as a “metaverse company” – and has made references to “crypto” and “NFTs” in its communications on the name change.
Some metaverse-related coins shot up by up to 100%+ in the past 24 hours, with the most meteoric growth coming in the hours after the tech titan’s announcement. At 07:50 UTC, starlink (STARL) is up by 109%, while decentraland (MANA) jumped by 39%, and the sandbox (SAND) increased by 23%.
In the NFT/gaming world, data from Coingecko showed strong growth, with the market-leading Sky Mavis game Axie
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