The virtual reality-based metaverse craze has started making headlines, especially since Facebook’s recent rebranding as a meta. Now, one of the leading metaverse projects in the crypto market, Decentraland (MANA)announced a new partnership with NBA champion Stephen Curry and its main sponsor, Under Armor.
Decentraland is excited about partnering with @UnderArmour, @UAbasketball and @StephenCurry30
Something GOOD is coming 👀
When: 12.21.21
Where: https://t.co/sInU3Kggvv pic.twitter.com/tvWfscstWv— Decentraland (@decentraland) December 18, 2021
Announcing the new partnership on its official Twitter account, Decentraland also pointed to the possible launch of a new product on December 21. This development will also mark the second major crypto deal for Stephen Curry, who also owns a stake in popular crypto exchange FTX, which is currently valued at $25 billion.
Curry, who recently set the NBA record for most three-pointers, is an avid investor and also closely following the NFT craze and does not hide his interest in the crypto world. In fact, Stephen Curry recently updated his Twitter profile photo to showcase his most recent NTF purchase. Earlier in August this year, NBA superstar Curry purchased the Bored Ape Yacht Club (BAYC) NFT artwork for 55 ETH. At the time of the purchase, this amount corresponded to $ 180,000.
Decentraland is one of the most popular Metaverse projects, offering virtual terrain in a play-and-win NFT game. Earlier this month, crypto metaverse projects occupied the headlines with the sale of virtual lands for a record $2.4 million. The price paid for virtual land was higher than some of the most exclusive real estate in New York.
Decentraland Eyes On Recovery!
The price of the native Decentraland (MANA) token saw a significant spike in the early hours of this morning after the latest partnership announcement. MANA is trading at $3.40 at the time of writing, up 10 percent in the last 24 hours. The altcoin rallied from the day’s low of $2.97 after the news to the day’s high of $3.51.
Metaverse tokens, including MANA and SAND, posted huge gains in November when both tokens rose 5X and 7X respectively to all-time highs. The market surge in Metaverse tokens came after growing popularity and Facebook’s rebranding, which countered the bearish trend of November, allowing these tokens to trade at higher levels. But amid the current market downturn, metaverse tokens also continue to consolidate with the rest of the market.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.