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

A setback in the metaverse strategy of the Facebook parent firm will directly impact the market perception of other metaverses, a developer said.

Metaverse tokens AXS and SAND plunged on Meta Platform's $10B loss. (Boris Zhitkov/Getty Images)
Metaverse tokens AXS and SAND plunged on Meta Platform's $10B loss. (Boris Zhitkov/Getty Images)