- Following Facebook's rebranding to Meta, game tokens Axie Infinity (AXS), Enjin Coin (ENJ) and The Sandbox (SAND) started rallying.
- GameStop recently posted a job listing for the head of Web3 gaming that outlined a metaverse-like future for the gaming industry.
- Facebook's rebrand to Meta is defined by the company's focus on the metaverse as a successor to mobile gaming.
Facebook rebranded itself to Meta to broaden its reach beyond social media into areas like virtual reality (VR). The move provided a boost to NFT and gaming tokens, many of which posted double-digit gains overnight.
Facebook changes name to Meta, eyes dominance in metaverse
Facebook's name change to "Meta" attempts to steer the social media and tech giant toward the rapidly growing gaming and NFT ecosystem.
Facebook announced the shift to a new brandname in a tweet:
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
