Metaverse Tokens AXS, SAND Plummet as Meta Reports $10B Loss

1 min read
May 17, 2022 by
Shaurya Malwa


Metaverse-related tokens took a hit in the past two days as Meta, formerly known as Facebook, reported a $10 billion loss on its augmented and virtual reality division in an earnings release earlier this week.

The metaverse broadly refers to a virtual world in which people can interact as they do in the real world, but digitally.

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