Roblox founder and CEO David Baszucki expects top brands and celebrities to take charge and play a key role in making the “dream” of cross-platform NFTs come true.
Virtual Land News
Virtual land is a plot of land existing in the metaverse that may utilize blockchain technology. In cases when there is a blockchain-powered economy, virtual land is purchased using cryptocurrencies and digital plots are represented as nonfungible tokens (NFTs) on one of the metaverse platforms, making them distinct, tradable digital assets with blockchain-recorded ownership.
In virtual worlds, a user’s starting point for in-world activities is virtual plots of land. The digital representations of these plots — i.e., NFTs — are used to facilitate secondary market trade. Axie Infinity, Decentraland and The Sandbox are just a few examples of blockchain-based games that sold their finite virtual lands to major corporations and investors.
Virtual lands could also integrate current virtual reality (VR) and augmented reality (AR) technologies to offer consumers an enhanced realistic, immersive experience. This might introduce a brand-new form of entertainment we previously believed was only feasible in films.
Sandbox co-founder Sebastien Borget says the metaverse sector is thriving in Hong Kong, Korea and Japan.5908
Popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value over the past year.32132
Twenty-five AI “agents” were given a virtual town and were observed going to a bar for lunch, planning a party and expressing other human-like behavior.10619
The manuscript is part of a larger series of physical and digital items related to the famous book.3673
A survey participated by 24,179 respondents across 32 countries reveal that nearly half, or 43% of the respondents, intend to use virtual reality to inspire their choices.15188
Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear.47287
Celebrities are facing huge losses on their Bored Apes bought during the NFT peak, but big names like Sony and Adidas are pushing further into the industry.8451
A DappRadar report found that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55%.4160
One of the crypto world's best-known exchanges has teamed up with a cutting-edge metaverse to create a state-of-the-art office complete with live charts.6480
Virtual lands are all the rage, but why are real estate investors pouring literal millions into metaverse properties? Let’s break it down.
PYR regained its bullish momentum after the launch of the Elysium testnet and the limited release of digital land plots in the VulcanVerse.5269
Based on NFT and metaverse sales over the past week, the demand for digital land outpaced all other items, art and collections.34045
According to the game's developers, it's the largest sum ever paid for virtual real estate.18893
Metaverse Group has snapped up a lot of land and has said it has no plans to stop buying plots of metaverse land across various metaverse platforms.12229