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Metaverse's MANA Token Price Leaps after Facebook Rebrand to Meta
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blockchain.newsCiting data from Coinbase, the New York Post reported on Oct 31 saying that the price of a MANA token, which can be used in a metaverse leapt 164% in 12 hours.
A week earlier, Decentraland’s MANA virtual reality cryptocurrency had been just valued around 80 cents, before reaching $4.33 on Saturday evening.
According to the report, the increase in its value followed Facebook’s rebranding to Meta, reflecting the company’s plan to create a “metaverse.”
Experts also noted that this had created huge potential in the virtual world market.
“MANA’s leading position in the metaverse ecosystem will likely be solidified further by Facebook's move to rebrand and focus on building its own extension to the digital world,” said Denis Vinokourov, head of
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