Sponsored
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.
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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.
- Explained
Virtual lands are all the rage, but why are real estate investors pouring literal millions into metaverse properties? Let’s break it down.
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PYR regained its bullish momentum after the launch of the Elysium testnet and the limited release of digital land plots in the VulcanVerse.
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Based on NFT and metaverse sales over the past week, the demand for digital land outpaced all other items, art and collections.
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According to the game's developers, it's the largest sum ever paid for virtual real estate.
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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.
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