Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what NFT technology is capable of. One project focused on expanding the functionality of NFTs beyond the digital art space is … [Read more...] about Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase
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Metaverse Scarcity Isn’t Real
Blockchains solve some very specific problems very well, such as handling transactions without a centralized intermediary and allocating and tracking scarce resources in a very efficient and transparent manner. Community membership, however, is about so much more than a transaction, and it is not, in most cases, a genuinely finite resource. And while there’s no reason to … [Read more...] about Metaverse Scarcity Isn’t Real
Get Ready for the 2022 Metaverse Real Estate Boom
Still, real estate NFTs promise the ability to democratize property ownership, a space that has historically excluded a majority of the world. GoBankingRates quoted a research analyst at Grayscale Investments who noted that historically, real-estate value is largely influenced by proximity to shops, services and attractive neighborhoods. It remains to be seen if that may happen … [Read more...] about Get Ready for the 2022 Metaverse Real Estate Boom
Virtual real estate properties were the most traded NFTs of the past week
In the last seven days, digital lands were in high demand. The Sandbox played the main role — its land collection was the most traded NFT over the past week, with a total of $70.5 million sales, beating the Bored Apes and CryptoPunks with $58.4 million and $17.5 million respectively, according to NonFungible, as referenced below.The digital lands sales represented almost 25% of … [Read more...] about Virtual real estate properties were the most traded NFTs of the past week
Decentraland’s MANA Token Hits All-Time High After Sale of Virtual Real Estate
Tokens tied to the so-called metaverse, or shared virtual environments, have surged since October, when Facebook said it was changing its corporate name to Meta to signal an increasing focus on the sector. At the time, Decentraland’s market cap was just over $2 billion. Source link … [Read more...] about Decentraland’s MANA Token Hits All-Time High After Sale of Virtual Real Estate