Why Virtual Land is Selling for millions in Metaverse? скачать в хорошем качестве

Why Virtual Land is Selling for millions in Metaverse?

The idea of spending millions on non-existent land may sound ludicrous but investors are going crazy over digital real estate The four major metaverse sites, Decentraland, The Sandbox, CryptoVoxels, and Somnium Space, have sold land valued at more than $100 million in the last week. On these blockchain-based metaverse sites, people may use bitcoin to buy real estate, customise their avatars, and connect with other users. A Canadian investment firm spent $2.43 million in crypto for a parcel of digital land through Decentraland New York-based company Republic Realm spent a record-breaking $4.3 million on digital land through The Sandbox People use real money to buy, sell, and rent virtual property, which is a type of NFT that reflects ownership of a piece of land in the metaverse In Decentraland, for example, the land is divided into 90,000 256-square-meter parcels. Each parcel is its own verified NFT, meaning it’s completely unique and can’t be duplicated When you possess the land, you have an actual NFT that allows you to build whatever you want on it. . 🛑COPYRIGHT DISCLAIMER- All materials in these videos are used for educational purposes and fall within the guidelines of fair use.🙏🏻 No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact us via our email on the "About" page on our channel. 🛑AFFILIATE DISCLOSURE- There are a few links in this description that, at no cost to you, will earn us a commission if you choose to click them and make a purchase. Don't worry we only ever promote things that we find genuine, trustworthy and useful ourselves and that can also genuinely help you.