Decentraland Shoots Up Over 300% With META Launch

Decentraland (MANA) is a cryptocurrency that is used in daily transactions. Its price is up 0.6% over the last 24 hours. Ready Player One is a VR world powered by Ethereum. In Decentraland, users can buy land, build it, and monetize it. Its decentralized nature makes it ideal for everyone. Mana, a cryptocurrency that uses the same concept as buying and selling virtual land, shot up over the weekend.

On the evening of October 30, the price of mana reached an all-time high of $4.26, before falling back to $3.16. It had hit an all-time low of $3.16. In its attempt to move away from its usual social platform, Facebook shifted its focus to the realm of the metaverse, which is a kind of shared virtual reality.

Launched in 2017, mana is a digital token of Decentraland. It enables users to buy and sell virtual properties through a decentralized platform. The head of LUNO exchange, Vijay Ayyar, said that the rise of metaverse coins was being influenced by Facebook’s rebranding. Ayyar said that the concept of a metaverse is starting to reach mainstream consciousness. Other cryptocurrencies, such as those related to blockchain games, have also gained in the past few days.