Virtual Land on Mana Decentraland Sold For $30,000
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A virtual land that is tokenized as an NFT has been sold for $30,960, according to Benzinga
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The collection consists of over 97,000 plots of land, with each plot being 16m x 16m
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As more people join the metaverse rave, the value of lands in this digital space has been increasing at an astronomical rate
A virtual land on Decentraland which was tokenized as an NFT has been sold for $30,960.
The collection consists of over 97,000 plots of land, with each plot being 16m x 16m, or 52 square feet.
The value of land in Decentraland and The Sandbox have skyrocketed, following Facebook’s declaration of interest in the metaverse.
Most times, the value of land in this digital space is determined by the size and the proximity to the center of the metaverse.
Top brands such as Nike and Atari have already acquired lands in these blockchain metaverses and experts have predicted that more retail is bound to happen in the metaverse in the future.
Read also: Investor Earns $5000 From Crypto Gaming and Metaverse
The metaverse itself is meant to be a virtual world where people can interact digitally and enjoy ownership of virtual items.
Asides from purchasing virtual land, investors have acquired gains from this booming industry by investing in metaverse tokens and buying in-game NFTs.
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