Is Mana linked to Facebook?

Ari Meilich was an early pioneer in the metaverse by building Decentraland, along with Esteban Ordano and their team, the first decentralized virtual reality space in 2017. Through a $24 million initial coin offering, the proceeds went toward creating a unique virtual reality experience.

27, the day before Facebook announced its rebranding. MANA is the token for Decentraland , which describes itself as a metaverse platform that allows users to buy and sell virtual properties. The token runs on the Ethereum blockchain. … MANA’s not the only crypto to see a surge after Facebook changed its name.

Decentraland was created by Argentinians Ari Meilich and Esteban Ordano , and has been in development since 2015. When it launched in 2017, parcels of digital land sold for about $20, and mana tokens sold for $0.02.

Libra-turned-Diem Facebook, which rebranded itself as Meta last October, had first announced its plans to introduce a cryptocurrency called Libra in 2019. It would be controlled by the Libra Association, an independent entity based in Geneva, which would function along the lines of a central bank.