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Metaverse Spurs USD 100M In Weekly Land Plot NFT Sales
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The demand for digital land in Meta (formerly Facebook)’s Metaverse are booming, with last week bringing USD 100m in non-fungible token (NFT) land sales, according to a recent report by dapp information provider DappRadar. The four leading virtual worlds, The Sandbox, Decentraland, CryptoVoxels, and Somnium Space, are reporting robust land sales.
Launched by the social media giant, the Metaverse comprises a set of interconnected, experiential, 3D virtual worlds which allows users to engage in an online economy that extends to both digital and physical.
Last week, the four digital realms attracted aggregate traffic of more than 6,000 traders. The Sandbox led the way with the highest land trading volume of close to USD 86.6m, followed by
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