The buzzword over the last few days has been the "Metaverse", but what is it, and why should we care?
Breaking all the headlines last week was the big tech news that Facebook was changing its name to Meta, realigning it with its future goals and ambitions. The metaverse is seen as the next iteration of the internet through virtual reality, primarily as a new way of experiencing the world of social media.
Following all this talk, virtual reality and gaming cryptocurrency protocols have caught a nice bid, with Decentraland and Sandbox up over +320% and +250%, respectively, since the Facebook Connect event.
And just take a look at the explosion in google searches about the metaverse:
This has acted as an immediate tailwind for the crypto and decentralized protocols pushing this technology and has certainly been a pocket of the asset class that is garnering plenty of attention.
We may not be early to this entire metaverse rotation, with coins like MANA and SAND having already pumped, but there are additional names in this space that are offering us favorable risk vs reward opportunities to ride this momentum higher in the coming days and weeks.
Let's jump into some of them.
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