The name change from Facebook to Meta is in line with an emphasis on the metaverse, which has seen Play-to-Earn tokens go up.
Yesterday the launch of Meta Platforms, the company name change Facebook, which also establishes an emphasis, beyond social media, on technology and the entire world of the metaverse.
The concept of metaverse is related to building bridges between the digital world and the physical world. Doing everything you can imagine sitting in a chair in your house. A virtual world where users will exist as avatars, they will work, communicate, play and carry out all the daily activities in the virtual environment. Within this metaverse, of course, the world of digital games and games to earn money (Play-to-Earn) have great prominence.
That is why the announcement made by Facebook CEO Mark Zuckerberg himself affected the price of all tokens related to the game and the metaverse.
Zuckerberg said: “From now on, we will be the metaverse first. Not Facebook first ”.
One of the most prominent cases of increase among tokens Play-to-Earn, is one of the most popular today: Axie Infinity.
When it is almost 9:00 a.m. in New York, the price of Axie (AXS) has an increase of 10,% compared to yesterday at the same time. However, its peak began to be seen as a result of the Zuckergerg announcement, having the largest increase in the early morning, when its price reached over USD $ 147, although it still did not exceed its ATH (historical maximum price) of USD $ 155, on the 4th October.
But it is not the only one that increased, in others the increase is even more noticeable, as in the case of Decentraland (MANA), which had an increase of 81% in the last 24 hours.
As has counted DailyBitcoin, Decentraland is a virtual reality platform created on Ethereum. It is a virtual world, online role type, in which users can perform various actions such as buying land, building on it and also selling it, to obtain MANA tokens in this way.
In the game, what they call a “Metaverse”, different properties can be found in a shared virtual world. There is also the potential that it could evolve into a new platform for games and social experiences. The game allows the “things” in that world to be transferable (and marketable) beyond it. You can see a review of Decentraland here.
Other tokens Play-to-Earn they go up with the arrival of Goal
Other popular metaverse tokens that have benefited from the news from Facebook include WEMIX (WEMIX) which rose 47%, The Sandbox (SAND) 26%, Star Atlas (ATLAS) 31%, My Neighbor Alice (ALICE) 19%.
SQUID: Squid Game Play-to-Earn Token
The price of SQUID, a token Play-to-Earn skyrocketed more than 40,000% since October 26, according to data from CoinMarketCap.
The token buys entry to an online game inspired by the hit Korean show Netflix “Squid Games” (Squid Game), which has been one of the streaming platform’s most successful shows of all time.
SQUID was at $ 0.012 on October 26 and is trading above $ 6 on CoinMarketCap at this time, an increase of 183% in the last 24 hours.
According to him whitepaper, In online play, as in the show, competitors participate in six contests, with players eliminated in each round. A fee is required to enter each game, starting at SQUID 456 for the former and increasing as the tournament progresses. Most fees are pooled to offset the winner’s reward, while 10% of the funds go to the development team.
Unlike the 456 players in debt from the TV show, “Everyone here in the world of cryptocurrencies can participate” buying the token, indicates the white paper. At game website, the “Play” button says “COMING SOON”, that is, the price has increased even though the game is not operational.
However, you have to be careful: CoinMarketCap warns that users have not been able to sell the token on the decentralized exchange PancakeSwap.
Coin of the metaverse?
A question that the media is asking is whether Goal will have its own metaverse token, in fact it is speculated that, beyond being prevented by regulators, also the delay and renaming of Libra to Diem it may have to do with who will be part of that new project and perhaps the currency of the metaverse. But that still has no basis. It is clear that this new turn of the company also brings alarms. In fact, there are many who have wondered on networks how privacy is going to be guaranteed, one of the issues for which it has been questioned Facebook.
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