Digital land in Decentraland sells for $913K... to a virtual property developer
A virtual real estate investment firm has a new platform record for the most expensive digital land plot in Decentraland’s metaverse after spending $913,000 on 259 parcels. A virtual plot of real estate situated within the Ethereum-based open-world game, Decentraland, has sold for more than $913,000 — valuing the intangible property on par with the average price of a real world house in Brooklyn, New York.Virtual real estate is sold in the form of nonfungible tokens (NFTs) dubbed LAND in Decentraland, with the digital plot being sold to virtual real estate-focussed investment firm,....
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The dawn of the metaverse is officially upon us, which means immersive gaming, socializing, and property sales are now virtually available. Our reality is going digital through Web3. The concept of valuing assets in the digital world is still mind-boggling to most. How does one actually own non-tangible real estate, and what is its purpose of it? Technically speaking, digital real estate, also known as virtual lands, serves as a place for individuals to coexist in the metaverse.. Digital identities can build restaurants, homes, recreational areas and everything else here, just as we do in....
The eye-popping 888 ETH virtual land sale is said to mark the largest NFT transaction of all time.
Virtual worlds have become popular because they enable users to experience something that is otherwise not possible in the real world. The possibilities are endless, and we are still only scratching the surface of what can be done in virtual worlds. The next big trend in virtual property is that it will be more accessible than ever before, aided by the likes of Next Earth, which has made virtual property available to all through an NFT-based replica of Earth. Further accessibility will be made possible by a combination of technological advancements, including better rendering capabilities,....
For the fourth straight session, Decentraland has shown up and has seen a surge of nearly 2%. More so, MANA’s fourth day exhibited a price spike trading above $1. Metaverse has been picking up steam especially since Facebook was revamped to Meta. Prior to that, Decentraland has always been extremely popular, especially for those who are into the virtual world but have grown tired of child play. The Popularity Of Decentraland MANA Basically, Decentraland was geared towards teenagers and adults who are looking to socialize, build, and earn with virtual land. All the virtual lands and assets....
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekAxie Infinity virtual land slot sells out for 550 ETH A plot of virtual land in the widely popular monster-battling NFT game Axie Infinity sold for 550 Ether (ETH) this week, with the sum worth more than $2.2 million at the time of writing.The piece of virtual land was purchased on Thursday and is classified as....