DECENTRALAND is among the hottest metaverse video games on the market and buyers are cashing in on its digital actual property.
Andrew Kiguel is CEO of Tokens.com, and final 12 months a subsidiary of his firm — Metaverse Group — dropped a record-breaking $2.4M on land within the sport.
Chatting with CNBC, Kiguel says the worth of digital actual property has skyrocketed by "400% to 500% in the previous couple of months."
Metaverse Group's land is available in at 6,090 digital sq. toes and is made up of 116 smaller parcels round 52.5 sq. toes every.
Situated in Decentraland's Vogue Road district, that is residence to manufacturers like Gucci, Prada, Ralph Lauren, the land will play host to vogue exhibits and digital shops.
The plot was offered on NFT market OpenSea for 618K MANA in November final 12 months.
Decentraland's MANA token was at an all time excessive of $5.41 in November, however has since plummeted to $3.
The land nevertheless, continues to be a really helpful commodity — particularly close to areas the place gamers spawn into the sport.
Decentraland's plazas (successfully spawn factors the place gamers first drop in to the sport) aren't on the market, however the surrounding land is prime actual property.
Excessive foot visitors means numerous pairs of eyes in your model, in addition to elevated alternatives for gross sales and advertising and marketing.
Proudly owning land within the metaverse may include added advantages like further NFTs.
The Sandbox's play-to-earn element, for instance, is not open to the general public but, nevertheless it raffles off the prospect to take part (and earn) in closed alphas.
Land house owners get one entry for each piece of land they personal, main to at least one fortunate land-owner making $5,000 in just some hours.
Cryptocurrency is a dangerous endeavour, as is investing in something digital that may hypothetically have the plug pulled on it with no warning, taking your cash with it.
So all the time do your individual analysis and take into account your monetary scenario earlier than deciding to make the leap.
You may also check out The Solar's MANA 2022 value predictions, in addition to our explainer on Decentraland vs The Sandbox vs Gala Video games for extra particulars on how the gaming features work.
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