Metaverse Tokens Extend Rally After Facebook's Meta Move
cryptonews.comTokens that in various ways are associated with the metaverse – a term used to describe virtual reality worlds online – have continued their rise higher this week, with many tokens seeing triple-digit percentage returns over the past 7 days. The gains have come after Facebook’s move last week to rebrand itself as Meta.
At 13:00 UTC on Tuesday, metaverse and gaming tokens such as decentraland (MANA), the sandbox (SAND), and enjin coin (ENJ) were all up strongly over the past 7 days, rising by 285%, 239%, and 57%, respectively. However, MANA corrected its gains today.
Meanwhile, the popular play-to-earn game token axie infinity (AXS) was up by a much more modest 5% over the same time period, after having seen strong gains earlier in the month.
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