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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

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    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Rally Gathers Pace, $0.55 Target In Sight

    Rally Gathers Pace, $0.55 Target In Sight

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

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    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

    NEO Token Surges 10% In The Past 24 Hours

    NEO Token Surges 10% In The Past 24 Hours

    XRP Revisits $0.47 – What Can Be Expected For Short-Term Price Movement?

    XRP Revisits $0.47 – What Can Be Expected For Short-Term Price Movement?

    70% Price Drop, But These Charts Reveal Its True Value

    70% Price Drop, But These Charts Reveal Its True Value

    Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close

    Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close

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    Ethereum Price Could See “Liftoff” If ETH Clears This Resistance

    Polygon Aims Recovery To $1

    Polygon Aims Recovery To $1

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

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    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Rally Gathers Pace, $0.55 Target In Sight

    Rally Gathers Pace, $0.55 Target In Sight

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

    NEO Token Surges 10% In The Past 24 Hours

    NEO Token Surges 10% In The Past 24 Hours

    XRP Revisits $0.47 – What Can Be Expected For Short-Term Price Movement?

    XRP Revisits $0.47 – What Can Be Expected For Short-Term Price Movement?

    70% Price Drop, But These Charts Reveal Its True Value

    70% Price Drop, But These Charts Reveal Its True Value

    Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close

    Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close

    Ethereum Price Corrects But This Level Could Trigger Fresh Increase

    Ethereum Price Could See “Liftoff” If ETH Clears This Resistance

    Polygon Aims Recovery To $1

    Polygon Aims Recovery To $1

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Metaverse, NFTs and Gaming Token Prices Soar as Facebook Goes Meta

2021-11-02
in NFT
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Metaverse, NFTs and Gaming Token Prices Soar as Facebook Goes Meta
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Supply: A video screenshot, Youtube/CNET

Costs of metaverse, non-fungible tokens (NFTs), and gaming tokens have shot up up to now few hours, with markets buoyed by the information that Fb is to rename itself Meta. The tech large reaffirmed its plans to rebrand itself as a “metaverse firm” – and has made references to “crypto” and “NFTs” in its communications on the identify change.

Some metaverse-related cash shot up by as much as 100%+ up to now 24 hours, with probably the most meteoric development coming within the hours after the tech titan’s announcement. At 07:50 UTC, starlink (STARL) is up by 109%, whereas decentraland (MANA) jumped by 39%, and the sandbox (SAND) elevated by 23%. 

Within the NFT/gaming world, data from Coingecko confirmed sturdy development, with the market-leading Sky Mavis sport Axie Infinity shards (AXS) coin up 11% up to now 24 hours. Different gaming-related cash have been additionally up.

As beforehand reported, the business was been made conscious of a forthcoming identify change final week, whereas founder Mark Zuckerberg has been talking a couple of metaverse pivot for a number of months.

However the identify Meta and the language that Zuckerberg and his colleagues have been utilizing to talk of the corporate’s new route has led the markets to consider massive cash is about to move the metaverse’s approach.

In a “founder’s letter,” Zuckerberg wrote that the brand new pivot would “require not simply novel technical work – like supporting crypto and NFT initiatives locally – but in addition new types of governance.”

On the agency’s annual Join occasion, the agency said that it had explored what the “metaverse might really feel like over the subsequent decade,” taking a look at issues together with “social connection, leisure, gaming, health, work, training, and commerce.”

It additionally made spending pledges, within the type of “new instruments to assist folks construct for the metaverse.” These embody the agency’s Presence Platform, a blended actuality answer for Quest 2, and a “USD 150 million funding in immersive studying to coach the subsequent era of creators.”

The corporate didn’t make any overt point out of the position its Diem stablecoin venture and the Novi pockets – now in pilot testing – might play in its new route, as a substitute underlining its dedication to VR (digital actuality) and AR (augmented actuality)-related initiatives.

It labeled its “imaginative and prescient of the metaverse” nothing lower than the “successor to the cell web,” calling it “a set of interconnected digital areas that permits you to do issues you possibly can’t do within the bodily world.”

Actual-world merchandise, such because the agency’s “first fully-fledged AR glasses,” Meta admitted, have been “nonetheless a number of years out.”

___
Reactions:
 

____
Study extra: 
– Fb Metaverse Drive Might See Diem Stablecoin Play a Key Half
– What Is the Metaverse? A Excessive-Tech Plan to Facebookify the World     

– Net 3.0 Is Coming, and Crypto Will Be Important to It     
– Crypto-Gaming Is Exploding Into the Playful Future 

– Investing within the Metaverse: 4 Methods to Spend money on Digital Future
– Using NFTs within the Metaverse



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