Blockchain-based virtual real estate in the Metaverse has seen a solid surge in demand and prices growing by 879 percent in 30 months.
The intersection of VR and NFT technologies with the Metaverse could unlock new immersive experiences for consumers.
While there’s been a major slowdown in the crypto space since the beginning of 2022, some factions of the Metaverse continue to boom. The latest report from Chainalysis shows that real estate and gaming continue to thrive in the Metaverse.
The blockchain analytics firm takes a larger time horizon to explain the growth comparisons. From September 2019 to March 2022, prices of blockchain-based virtual real estate shot up by 879 percent. On the other hand, the real estate price surged by 39 percent.
Of course, the virtual real estate industry is no match to the real estate industry in absolute size. Chainalysis adds: “it’s nonetheless surprising that the growth of virtual real estate prices has outpaced that of physical real estate by...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...