$84,114.00
1.47%$1,857.62
1.02%$2.07
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-1.49%$123.78
-1.57%$0.999938
0.00%$0.16843
-0.29%$0.665724
-0.37%$0.236651
0.20%$1,856.00
0.88%$84,067.00
1.41%$3.98
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1.92%$13.44
-1.14%$0.265195
-0.17%$0.999763
-0.03%$2,224.00
0.81%$18.85
-1.75%$2.32
0.17%$0.00001216
-4.16%$0.162695
-0.61%$81.58
-2.87%$4.04
-1.47%$6.14
-2.76%$302.65
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-0.40%$1,855.75
0.83%$0.999961
0.04%$1.00
-0.07%$0.69258
-3.27%$13.07
-3.53%$1,974.68
0.85%$27.98
-0.98%$217.17
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0.30%$5.20
-1.69%$0.00000736
1.24%$2.52
-0.35%$1.045
0.03%$0.106484
7.74%$47.55
-1.06%$84,135.00
1.41%$22.45
-0.10%$34.23
4.17%$0.786742
-0.22%$0.995957
-0.17%$5.22
-2.84%$0.795521
0.47%$16.54
-1.49%$158.68
-2.29%$1.16
0.17%$10.13
0.11%$0.02253729
-0.86%$1.00
0.00%$4.30
-2.63%$221.62
-1.80%$0.352356
1.68%$2.79
-2.94%$3.46
-0.50%$84,542.00
1.59%$3.04
-1.85%$4.02
0.34%$0.195135
-4.37%$0.064609
-3.47%$0.182932
0.94%$0.48738
-3.07%$0.320788
-3.33%$10.80
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1.18%$0.778618
15.00%$0.730881
-2.03%$0.447459
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3.39%$0.397351
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0.72%$1,933.43
1.14%$4.15
-12.09%$1.061
-0.65%$0.06627
-2.04%$129.11
-1.55%$68.17
-2.37%$1.001
0.23%$0.400347
-4.72%$0.772149
-0.67%$0.00001197
3.88%$2,100.19
0.85%$0.505269
-6.05%$0.594573
-3.57%$0.997825
-0.00%$1.00
0.00%$8.58
-2.36%$14.70
-18.18%$0.170616
-1.21%$0.086438
-4.33%$0.999897
0.05%$0.800396
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-6.65%$3,137.18
-1.35%$0.85747
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1.74%$6.83
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-1.63%$1,970.98
0.78%$0.99972
0.03%$2.23
-4.34%$3,133.45
-1.06%$83,942.00
1.42%$0.516915
-1.84%$0.0154423
-0.56%$0.641381
-2.56%$0.267446
-2.13%$0.521978
-3.97%$40.73
3.48%$0.99955
0.04%$0.00000066
-0.60%$0.999999
0.00%$31.56
-2.07%$0.167316
-2.11%$0.102254
-1.41%$158.30
-1.68%$0.379165
-1.93%$1,935.92
1.00%$0.00005729
-3.35%$1.84
-7.44%$16.03
-0.06%$2.93
-3.64%$0.999751
0.02%$135.85
-1.53%$1.78
2.88%$6.88
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-2.25%$0.01032043
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4.03%$0.071792
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0.09%$83,227.00
1.58%$0.621803
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3.73%$0.470483
0.32%$0.999927
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0.05%$0.496024
0.34%$0.245744
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2.48%$1,973.38
1.01%$0.00000044
0.26%$0.168334
-0.46%$83,995.00
1.27%$0.693728
-2.86%$85,380.00
2.58%$0.384518
-11.51%$1.00
0.04%$0.143447
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0.99%$0.080869
0.49%$1.081
0.29%$0.998268
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0.01%$1,857.41
0.94%$0.403955
-6.45%$1.15
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0.89%$0.04221347
-1.01%$43.56
9.01%$0.00001948
-2.01%$5.92
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0.72%$5.38
1.04%$1,937.49
0.89%$83,971.00
1.61%$0.565488
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0.05%$0.427299
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1.56%$1.002
-0.01%$0.00000159
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1.08%$2.86
2.84%$0.00005793
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1.91%$0.00496435
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5.28%$0.541151
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0.06%$1,838.32
0.90%$1,855.80
0.85%$0.00857842
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2.21%$0.00046201
1.19%$1.17
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1.42%$0.234928
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1.23%$22.03
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1.21%$1,958.23
0.58%$0.00295552
14.43%$3,118.01
-20.19%$0.189264
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0.98%$0.511068
0.61%$15.36
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0.90%$0.998839
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2.36%$0.090034
6.31%$1,858.53
0.95%$0.03388306
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1.45%$0.02944273
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1.32%$0.074418
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6.69%$0.02798551
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-0.01%$0.997934
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1.00%$0.00233429
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-4.60%Reading
Cryptocurrencies associated with the metaverse—a persistent, virtual shared universe—saw double-digit gains over the last day, in the wake of Facebook's announcement that it would rebrand as Meta, with a mission to "bring the metaverse to life."
Decentraland's MANA token led the pack, with 24-hour gains of over 44.6%, bringing its price to around $1.15. The Sandbox's SAND rose by 21.5%, taking it to $1.02, while Enjin Coin (ENJ) saw more modest gains of 10.8% on the day, taking it to $2.44.
Metaverse-adjacent tokens such as Axie Infinity's AXS, which underpins an NFT-powered game, and Flow, a blockchain designed for NFTs, saw 24-hour gains of 7.8% ($139.17) and 7.6% ($13.56), respectively.
A term originally coined in Neal Stephenson's 1992 novel Snow Crash, the Metaverse describes a persistent virtual universe in which users interact with each other as digital avatars. These shared online spaces can be used for social interactions, games, and even work.
Most fictional depictions of the metaverse, such as the 2018 film Ready Player One, also envisage users accessing it through virtual and augmented reality devices, though at present many related platforms, such as the crypto-powered Decentraland, can be visited using a conventional PC.
Cryptocurrency advocates have seized on the metaverse as a perfect use case for crypto, with non-fungible tokens (NFTs) enabling metaverse users to take ownership of digital objects such as virtual clothing for avatars and plots of in-game land. Ultimately, they envisage users being able to migrate digital objects between metaverse platforms; so a user could, for example, buy NFT clothing for their avatar on one platform (say, Decentraland) and take it with them to another (say, The Sandbox).
Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we’ll play and connect in 3D. Welcome to the next chapter of social connection. pic.twitter.com/ywSJPLsCoD
— Meta (@Meta) October 28, 2021
Facebook's Meta rebrand is part of a sweeping realignment by the company towards the metaverse. In September it announced a $50 million investment in metaverse-related initiatives and partnerships, while in the keynote yesterday announcing the company's rebranding, CEO Mark Zuckerberg stated that, "the metaverse is the next frontier just like social networking was when we got started."
Social media giant Facebook sees the growing metaverse as the future of its business, and today the firm made that increasing focus formal by announcing that it will go by the name Meta. Meta will be the name for the overall company, although it appears that some its individual apps and services—such as Facebook itself, as well as WhatsApp—will maintain their current branding under the Meta umbrella. Facebook (now Meta) CEO Mark Zuckerberg announced the news today during the streaming keynote fo...
As part of its rebrand, Facebook has stated that the company will support NFTs, with Head of Metaverse Products Vishal Shah stating that the company is "exploring new types of ownership, models, and entitlements to ensure people feel confident that they actually own something."
Shah added that "This will make it easier for people to sell limited edition digital objects like NFTs, display them in their digital spaces and even resell them to the next person securely."
Dogwifhat organizers have given up on their goal of advertising the prominent Solana meme coin on the Las Vegas Sphere, over a year after nearly $700,000 worth of crypto was raised for the campaign. This comes after the token’s official X account hinted in late January that the dog would appear on the exosphere in Q1 2025. Late Monday, pseudonymous organizer GamesMasterFlex, also known as Edward, took to X (formerly Twitter) to state that the push to put the pup on the Sphere has ended, and that...
Grayscale Investments, one of the largest Bitcoin ETF issuers, filed to convert its existing private Digital Large Cap Fund to a publicly available exchange traded fund (ETF). It currently contains Bitcoin, Ethereum, XRP, Solana, and Cardano. The existing private fund, which is only available to accredited investors through private placement, heavily leans towards Bitcoin with a 79.4% weighting, at the time of writing. The rest includes Ethereum with 10.69%. XRP, Solana, and Cardano take up 5.85...
In February, North Korean hackers broke headlines with what is now regarded as the largest single hack in crypto history. The Lazarus Group stole at least $1.4 billion from Bybit and later funneled those funds to crypto mixers. "Someone had pulled off the biggest hack in [crypto] history, and we had a front-row seat," Samczsun, Research Partner at Paradigm, recalled in a blog post. The researcher said they witnessed the theft in real-time and collaborated with Bybit to confirm the unauthorized a...
