A little known cryptocurrency, Mana, has experienced an all time high price surge of $4.16 amid excitement over Facebook’s name rebrand.
Launched in 2017, Mana is the native digital token of Decentraland, a self proclaim metaverse platform where users can buy and sell virtual properties.
The little known cryptocurrency recorded a price spike of up to 400% from where it was trading after Facebook announced its rebrand.
The firm’s Head of Asia-Pacific, Vijay Ayyar, said Mana and other metaverse – focused cyptocurrencies were rallying on the back of Facebook’s rebrand, which is being seen as a sign of growing acceptance of the metaverse trend.
He further stated that the concept of metaverse is now taking a serious turn in terms of reaching mainstream consciousness.
