Virtual Land Sales Sky Rocket in Metaversesby@trinekatelle
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Virtual Land Sales Sky Rocket in Metaverses

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A bonafide real estate economy is developing in virtual worlds as more economic activity shifts to the blockchain. Virtual lands on the blockchain are built and owned by the users who use the virtual world currencies to buy and sell virtual land plots and in-world goods and services. Since January, the average price of virtual land has jumped from 192 USD to over 1,300 USD, peaking at over 3,500 USD 10 days ago. Virtual land plots are a top 10 selling NFT as real estate investors turn their attention to virtual lands.

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by Trine Katelle @trinekatelle.As a biz journalist, Trine has covered finance from NY, tech from Silicon Valley, and the blockchain space.
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