The sale of the first ever property in Decentraland has been seen as a success for decentralization and virtual reality.
Decentraland is a virtual reality platform that allows users to create, explore, and share content. The Fashion Street Estate in Decentraland was sold for 618,000 MANA in the record breaking sale. Read more in detail here: what is decentraland.
In cryptocurrency, a sought-after parcel of land in Decentraland was sold for an estimated $2.4 million dollars (618,000 $MANA). Given that Decentraland’s monthly users are anticipated to hit an all-time high of 300,000 this month, it’s no surprise that so many people and businesses want a piece of the action.
Decentraland activity by the NFT
The momentum for metaverse initiatives has been slowly rising over the past month, and it is receiving a lot of attention as a result of a number of recent occurrences. One well-known individual from the web 2.0 world went in headlong, seizing the word Meta.
Famous artists, DJs, and virtual bands performed at Decentraland’s first-ever metaverse event. Alien Worlds and other play-to-earn games generate trillions of tokens that are tied to planets in their metaverse. The Boson protocol expands on the metaverse’s business prospects for fashion.
During the Metaverse Festival, which brought the worlds of art, music, and creativity to life, Decentraland witnessed a boom in users. Bringing well-known celebrities to the main stage, such as Paris Hilton, may also assist to pique attention. Despite price drops and volatility in some of the most popular cryptocurrencies, Metaverse assets and related protocols are seeing significant gains. Decentraland’s MANA token is at all-time highs, up 25.01 percent in the previous 24 hours to $5.07, exactly four weeks after Facebook made its major announcement to change its name to META (according to coinmarketcap).
Tokens.com, a crypto investment platform that is betting big on the future of this metaverse, acquired the piece of virtual real estate in Decentraland that sold for a record $2.4 million. The fashion district on the Decentralands map might be a key player in the future of virtual commerce, organizing events, selling virtual clothes, and assisting in the recruitment of new companies.
Spending time with other Avatars is a great way to pass the time.
Meeting up with old friends at a Decentraland event is becoming increasingly common these days. Who wouldn’t want a piece of the action with ICE poker tournaments, music festivals, various galleries, and unlimited possibilities to participate?
Most newcomers to the crypto world may find it intimidating at first, but the beauty of these places is that they are accessible to anyone, the land is open, and users can spend time together without external demands or responsibilities. Press Esc if you don’t like what you see.
There are a few small stumbling blocks in terms of the user experience, and connecting wearing NFTs to every event might be inconvenient for some, but for now, it’s all about discovery.
This is the part when we, the general public, are urged to leap in with both feet on the ground and our eyes open. Take a look at some of the virtual landscapes, cityscapes, and events that are available.
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