Gamers invest in virtual real estate

This week alone, gamers, virtual reality enthusiasts, and the cryptocurrency community have invested nearly a million dollars worth of real-world currencies into virtual real estate generated and maintained by blockchains.

The three largest blockchain-generated virtual world games, The Sandbox, Decentraland, and Cryptovoxels, all saw the total trading volume of their digital tokens surge above $940,000 USD.

That’s according to data compiled by Nonfungible, the largest database of blockchain gaming and crypto collectible markets. That figure includes volume from direct sales of blockchain real estate, and token trading in secondary exchange markets.

Virtual Blockchain Real Estate Sale at The Sandbox

Part of the surge in volume is likely due to a big virtual “land sale” going on in The Sandbox. The creative, blockchain generated virtual world is selling about 7% of its virtual blockchain real estate in the cryptocurrency video game’s second land sale.

The Sandbox raised $168,000 from the sale in the last week. The platform registered over six thousand sales to Sandbox players, and the average order was for $28. There is still some 300 parcels of  virtual blockchain real estate available, but inventories are dwindling fast.

Decentraland (MANA) is the largest crypto video game out there as far as trading volume goes.

Its virtual world is preparing for a Feb 20 launch. It’s attracted a lot of attention from gamers and cryptocurrency investors.

Using the Ethereum blockchain, players can buy and secure their virtual names (registered through Ethereum Name Service Domains). Furthermore, virtual clothes and player accessories are also blockchain available for sale. Read More…

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