The next step is to connect your wallet to start building. Of course, a basic understanding of how the platforms work is needed, but most of these virtual worlds only have minor differences.įirst, you choose the virtual world you want to enter by typing the app’s URL into your Trust Wallet Dapp Browser. The journey to investing in NFT-based virtual worlds is a relatively short and easy one. How to Purchase Real Estate in Virtual Worlds Last month, the platform sold up to $2.8m worth of land.Īxie Infinity, a blockchain-based gaming platform, recently sold nine plots of yet-to-be-launched virtual land for $1.5M. Its features include the NFT, and voxel-based 3D animation software Vo圎dit, which allows users to build game assets that can be monetized on their marketplace, as well as a tailor-made No-Code Game Maker software, to build game experiences. The SandBox is a metaverse project that allows users to acquire virtual lands in five different sizes on the Ethereum blockchain. The 4-year-old social VR platform has snowballed, recording more than $2M in monthly trading volumes. Somnium Space, for example, allows users to buy virtual lands, build objects, and monetize them by trading them on OpenSea. Virtual Worlds: What’s Out There?Īsides from Decentraland, which we will explore in this article, there are other booming virtual worlds in the NFT space. Users can acquire them as NFTs, verifying ownership and making them tradable both in-app and on third-party marketplaces like OpenSea. **Thanks to tokenization and the introduction of NFTs, virtual world collectibles now have even more value.
These industries have existed for more than two decades, with gamers spending millions yearly, acquiring weapons and other items for their adventures. Virtual reality (VR) and digital gaming often go hand in hand. They are represented as avatars and can, among other things, interact with other users, play games, build houses, and collect art. Virtual worlds are computer-simulated worlds where users relate with each other like in the real world. In this guide, you will learn how to join this rapidly growing space.
According to data from, virtual worlds now make up around 20% of the total NFT market.
If you are new to the world of NFTs, you will probably be surprised to hear that there is a booming market in the trade of digital assets in virtual worlds. You can buy, collect, and sell assets that exclusively exist in virtual worlds.
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