Investments are pouring into the Metaverse, and more land is being traded than ever before.

The Metaverse is gaining momentum in 2023. According to DappRadar, virtual land deals hit an all-time high in Q1 2023. In total, there were 147,000 transactions, with Otherside and MG Land accounting for 75% of all land sales.

In addition, the trading volume of virtual worlds is increasing. In Q1 2023, he traded $311 million in virtual worlds. This is a 277% increase from Q4 2022.

As such, funds will continue to pour into the Metaverse sector as virtual worlds launch initiatives for 2023.

In fact, in Q1 2023, $502 million was invested in blockchain games and the Metaverse project.

metaverse
Source DappRadar

new year topic

Virtual markets are completely flying now. Additionally, this record-breaking quarter was dominated by two of his projects, Otherside and MG Land. First, there’s a new wave of hype surrounding Otherside by Yuga Labs. The reason for the hype is the upcoming “Second Trip” taking place on March 25th.

Essentially, “Second Trip” will be a live event where Otherside NFT owners can dive into the Otherside metaverse. Otherside’s rand NFT is known as ‘Otherdeeds’ and the platform hit $222 million in trading volume in the first quarter of 2023.

Source DappRadar

Next, MG Land is a contender for the Metaverse Stakes. In fact, this 2D virtual world of his is available on his PC and mobile, allowing users to rent land and build their own customized metaverse.

For example, you can monetize MG Land By hosting games and events, even press conferences and community calls. Additionally, the platform supports social interaction, allowing users to meet, socialize and play games with their friends. The platform also supports all his NFTs on BSC, Ethereum, Polygon and Solana.

In summary, MG Land is currently a leading virtual world with approximately $60 million in transaction volume and 45,219 land sales.

best of the rest

Also popular is the Createra Genesis Land for the Createra metaverse. The platform is dedicated to creators and allows users to create, experience and monetize their content through the tools provided. Following his $10 million Series A funding round led by Andreessen Horowitz (a16z), Createra is becoming a major player in the metaverse space. During the first quarter, the platform amassed his $14 million in trading volume and his 6,308 total turnover.

Check out this space to learn more about these new virtual worlds.

By Jules

Leave a Reply