Today news
About the same in other media
A little-known cryptocurrency spiked 400% after Facebook changed its name to Meta
Reading now: 100
cnbc.comIn this article
Mana, a little-known cryptocurrency used for buying and selling virtual land, saw its price spike over the weekend amid excitement over Facebook's rebrand.
The price of mana hit an all-time high of $4.16 on Saturday evening, according to CoinMarketCap data, up 400% from where it was trading shortly after Facebook announced it was changing its name to Meta. It has fallen since, having last changed hands at around $3.16.
Facebook's rebrand was aimed at shifting the embattled social media company's focus toward the «metaverse,» a kind of shared virtual reality in which multiple users can interact with each other and digital objects.
Launched in 2017, mana is the native digital token of Decentraland, a self-proclaimed metaverse
Read more on cnbc.comAbout this in other media
Non-transparent advertising needs to stop, say govt sources after PM meet on cryptocurrency moneycontrol.com /3 years ago
Cryptocurrency News: How To Bank Crypto Coins, What Is Cryptocurrency Banking? All You Need To Know ndtv.com /3 years ago
‘I’ve never known it like this’ – the UK’s struggle to get the Christmas turkey to the table theguardian.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
