Virtual land worth more than $100 million has sold in the past week across the four largest metaverse sites, The Sandbox, Decentraland, CryptoVoxels, and Somnium Space.
This week, New York-based company Republic Realm announced it had spent a record-breaking $4.3 million on digital land through The Sandbox, one of several "virtual world" websites where people can socialise, play games and even attend concerts. "Metaverse" has been a Silicon Valley buzzword for months, but interest soared in October after Facebook's parent company renamed itself "Meta" as it shifts its focus towards VR.The Facebook rebrand "introduced the term 'metaverse' to millions of people a lot faster than I would have ever imagined," said Cathy Hackl, a tech consultant who advises companies on entering the metaverse.
For Hackl, it's unsurprising that the market is booming, spawning an entire ecosystem around virtual real estate, from rents to land developers.
Trap the population in the Metaverse and the real world will be only for the 1% elites. Very clever plan!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Metaverse Emerges as Promising Yet Uncertain New World for InvestorsInvestors are plugging into the metaverse, looking to tap into what they see as a new realm for making money Dorsey knocks to Zuckerberg door Could this be behind the change in Facebook name?
Source: WSJ - 🏆 98. / 63 Read more »
Powerball drawing for 12/04/21, Saturday jackpot is $278 millionSaturday night's 12/04/21 Powerball jackpot is worth $278 million, with a cash-value option worth $196.6 million. I Think it is really a joke the way you NEVER WIN A DIME. I play all the time and never win 50 or 100 or 250 or a 1000 or 10000, etc. Who needs 220 million? I'll bet if you ask others who never WIN NOTHING, THEY WOULD AGREE LOOSEN UP THE SLOT MACHINE
Source: Newsweek - 🏆 468. / 52 Read more »
Nvidia metaverse future bright even as Arm may slip from graspNvidia Corp's dreams of acquiring British chip technology provider Arm for a hefty price of over $80 billion may not materialize, but analysts believe the chipmaker has plenty to focus on as it pushes into the metaverse.
Source: Reuters - 🏆 2. / 97 Read more »
Metaverse Could Disrupt Fashion as Much as Streetwear, Say Speakers at Paris ConferenceSpeakers including OTB's Stefano Rosso and Rtfkt's Benoit Pagotto discuss the challenges and opportunities of the nascent metaverse for brands.
Source: wwd - 🏆 24. / 68 Read more »
Cramer's Investing Club: We are nibbling on this drug stock amid the broad market sell-offWe are adding to our holding in Eli Lilly.
Source: CNBC - 🏆 12. / 72 Read more »
Must Read: Bella Hadid Joins VS Collective, Why Is Fashion Obsessed With the Metaverse?Plus, Diddy works toward buying back the Sean John brand.
Source: Fashionista_com - 🏆 474. / 51 Read more »