The concept of Metaverse has become popular, and many companies that invested in it early have benefited from this new trend in the market. Digital plots in the virtual world now sell for millions of dollars on different platforms, including Decentraland and Axie Infinity. Even in expensive cities, some prices are higher than many tangible assets.

Digital land gains value in Metaverse project

The rise of the Metaverse concept and all companies that took it seriously began to influence the sales and prices of key elements related to Metaverse, such as Token And digital land. This week, in a key Metaverse inspiration project, digital plots were sold for millions of dollars. The virtual world game Axie Infinity reported its first sale of this kind in February, of which 8 plots of land were sold. Sell 888 Ethereum, Or 1.5 million US dollars.

At the time of the sale, the Axie Infinity team reported that this was the largest sale ever for one of their creation plots. Buyer said:

We are witnessing a historic moment; the rise of the digital nation has its own clearly defined and irrevocable property rights system. Axie land has entertainment value, social value and economic value in the form of future resource flow.

Raise the bet

However, recent sales have even surpassed this sales on different platforms.Another sale Axis infinity The plot has been conducted with the buyer this week To pay 550 Ethereum, a digital asset worth 2.3 million U.S. dollars, broke the previous record. However, Axie Infinity is not the only group that has benefited from the recent virtual real estate boom.

Decentralized Paradise, Another virtual world project, Registered A property was sold this week for a record $2.43 million in cryptocurrency. But this purchase was not done by individuals, but by Metaverse Group, which is a subsidiary of token.com, dedicated to real estate investment based on Metaverse.

As more and more virtual world projects integrate virtual worlds, the future looks like it will bring more of these investments from companies that prefer to manage virtual land instead of dealing with the uncertainty and complexity of managing real estate, even if these are purchased Property is better than real property in the physical world.

What do you think of the recent digital real estate boom brought about by virtual projects? Tell us in the comments section below.

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