It looks like the metaverse plot craze is just getting started. Property sales in metaverses like Decentraland and The Sandbox, where plots have sold for millions of dollars, are likely to continue at a brisk pace before peaking in May, according to analytics firm NWO.ai. cryptocoin.com We are giving the details as…
Metaverse plot projects continue to grow in popularity
Julia Myers, machine learning engineer at NWO, said, “We’re seeing the use of these properties really increase; We see that people can earn real money, buying these properties equals cash. This will increase sales,” he said. NWO, an artificial intelligence startup launched almost three years ago, said its AI predicted a year ago that meme stocks like GameStop would show big gains and Chinese real estate firm Evergrande would suffer.
Conversations around the metaverse, a virtual world where people can interact, shop, and play games as avatars, have been solid. According to Grayscale, the metaverse represents a $1 trillion market opportunity. “Over $100 million has been spent on Metaverse lands,” NWO said in a recent news release.
Last year there have been some dazzling virtual real estate sales, such as the $4.3 million Sandbox estate sold to the Republic Realm. Meanwhile, the debate over metaverse land lease is also escalating as companies like Tokens.com lease space in Decentraland for major events, including the first metaverse Fashion Week, where people can purchase the latest fashion trends for their similar avatars. “It’s the same as real estate in real life, it’s all about where you are,” Myers says. According to NWO, Decentraland has become the leading metaverse and upcoming events like Fashion Week will solidify that even further. Also, according to the data, the tokens of popular metaverses The Sandbox and Axie Infinity rose more than 8,000 percent.
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