Virtual Property News

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.

The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs.

Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear.

This platform is transforming real-world assets into NFTs… including prime property on beautiful beachfronts.

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%.

The UAE Ministry of Economy continues its push into the Metaverse with the announcement of a “third address” located in a virtual world.

IP rights will continue to be an area of conflict within Web3 and NFTs, but there’s no easy solution, lawyers told Cointelegraph.

Saylor underscored the high maintenance costs and taxes linked with owning and inheriting physical property over the long term, which in the case of Bitcoin, does not exist.

The six licensing templates devised by VC firm Andreessen Horowitz are irrevocable and amendable, and give creators the power to set five variables for the future use of their works.

The study reveals that blockchain technology is well-positioned to take over more than 50% of the entire leasing and sale process across commercial real estate.

“They did not cite evidence, they didn’t even correctly point out what NFTs are, nor did they talk to NFT Worlds,” noted Animoca Brands co-founder Yat Siu.

Epic Games CEO Tim Sweeney has said that the firm will not ban NFTs, as devs “should be free to decide how to build their games.”

In posting NFT artwork on social media, a new owner could be breaking intellectual property laws. A “wave of litigation has already begun.”

The highly anticipated first trip into the Otherside Metaverse went off with 4,500 users, as the project’s Otherdeed NFTs surpassed $1 billion in sales.

Playboy is set to add to its Web3 offerings by launching a MetaMansion that will host gaming, social and programmed events, along with future NFT collectible releases from the firm.