While new “utimeme” HUH Token prepares for launch on December 6, tokens associated with the metaverse, Decentraland (MANA) and The Sandbox (SAND), have seen a price increase, primarily as a result of Facebook rebranding as Meta and announcing that it will focus on developing technologies for “the metaverse.”
The metaverse is a version of the internet in which persistent and shared 3D virtual spaces, essentially a shared virtual reality, are created.
The statement from the company previously known as Facebook, the metaverse in a broader sense may include not only virtual worlds but also the full spectrum of augmented reality.
The Sandbox is attempting to build a metaverse through its mobile game, which serves as a community-driven platform for creators to monetize digital assets and gaming experiences on the blockchain.
Despite the price increase since Meta’s announcement, Robby Yung, CEO of Animoca Brands, which owns The Sandbox, is not pleased with being associated with Facebook and its history.
According to MarketWatch, Young stated, “It’s an excellent endorsement that we’re in a sector poised to break into the mainstream, but it concerns me because I believe that part of the vision and dream for us, at least, with the metaverse is that it’s a very open place, and Facebook, unfortunately, does not have a great track record of openness.”
Both MANA and The Sandbox saw their cryptocurrency prices surge over 200% this week, but have since a huge portion of those gains, leading some to believe the metaverse’s big bang is more of a whimper. According to the most recent CoinMarketCap chart, Decentraland (MANA) has lost more than 40% of its value since its peak.
Meanwhile, a new meme cryptocurrency known as HUH Token is attempting to capture the crypto market with the same panache and community-driven inspiration as Shiba Inu or Floki Inu.
The HUH Token will be available on PancakeSwap and Uniswap on December 6.
Currently in its pre-sale stage, the creators of HUH Token claim the cryptocurrency will be more than just a meme token, dubbing it a “Utimeme” (a combination of the words utility and meme), and will aim to provide real-world value through its connection to Binance.
Investors can refer friends and receive 10% of their initial investment as Binance by using a unique referral code.
The news of the launch is already making waves, with the creators claiming that pre-launch sales were so overwhelming that their payment systems briefly crashed. The company has since partnered with NOWPayments to ensure the smooth operation of future transactions.
According to HUH Token, its proprietary system will enable users to earn through two distinct revenue streams. BNB and Token are two different types of currency.
According to reports, HUH Token has a legion of thousands of followers who are all eagerly awaiting the token’s release on the open market. At the moment, HUH Token is undergoing numerous audits to ensure there are no hiccups and that its investors receive a high level of service. They assert that community care is a central tenet of their mission and that they always ensure citizens of their HUH Nation benefit and receive superior service. A conviction that is reinforced by the one-of-a-kind system they offer.
Follow HUH Token on their Socials before they Launch: