Decentraland’s MANA Jumps 80% as Facebook Rebrand Fuels Metaverse Bets

Decentraland’s MANA Jumps 80% as Facebook Rebrand Fuels Metaverse Bets
Decentraland’s MANA has surged 80% in the last 24 hours to a market capitalization of more than $2 billion. The jump in the virtual world’s token to $1.26 at last check was apparently spurred by Facebook’s announcement Thursday it is changing its corporate name to Meta to signal an increasing focus on the metaverse.Or as CEO Mark Zuckerberg, speaking at a conference on augmented reality, put it, his company will now be “metaverse first, not Facebook first.”“MANA’s leading position in the metaverse ecosystem will likely be solidified further by Facebook’s move to rebrand and focus on building its own extension…