Metaverse Coin: The news around Meta’s acquisition of Sandbox is turning its eyes back to the metaverse coin market. However, news that some tech giants will be investing in the metaverse has increased the price of SAND and MANA by double digits. It seems that we may see sudden jumps in similar projects in the coming days.
- 1 The announcement of the tech giants raised these metaverse coin projects by double digits
- 2 Why is CEEK rising?
- 3 Share this:
The announcement of the tech giants raised these metaverse coin projects by double digits
The news that Sandbox will receive investment from technology companies, including Meta and Microsoft, raised the price by around 25%. However, after that, Sebastien Borget, COO of The Sandbox, said that these reports were not true. AmkNews.com We have covered the details in this article. Now, CEEK has gained over 60% today, following a double-digit jump in MANA.
CEEK is a company focused on creating tokenized AR/VR glasses for musicians to create virtual worlds around their music. With more than 50,000 glasses sold on Amazon and Best Buy, CEEK aims to connect all its users to the “Entertainment Metaverse”.
Why is CEEK rising?
One of the reasons for this is the claims circulating on social media that Meta will buy the metaverse project. In this regard, Sebastien Borget, founder of The Sandbox, lied the news and said that such a thing would not happen. Borget’s statements on Twitter came at a point when the SAND price was at its peak. After the founder said that the claims were not true, all eyes were on CEEK. This caused the price of CEEK to rise 60% after SAND. CEEK is now seeing a slight correction with higher selling.
Facebook helped bring the metaverse coin market to the fore after being rebranded as META. The company’s founder and CEO, Mark Zuckerberg, has turned his company upside down since announcing in October that he was betting on the so-called metaverse. Under this idea, his company, renamed Meta, introduces people to virtual worlds and experiences shared across different software and hardware platforms.
In October, the company said it would create 10,000 metaverse-related jobs in the European Union over the next five years. That same month, Zuckerberg announced that Facebook was changing its name to Meta. He promised billions of dollars for it.
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