The growth of the metaverse has been nothing short of exceptional. The virtual world has gone from being a fantasy and science-fiction to gradually becoming a reality. As of writing, the interest in the metaverse is growing by the day and attracting investors. One thing stands out -the rush to grab virtual plots of land.
This week, metaverse land purchases crossed $100 million across all platforms. In November, Axie made history by splashing $2.5 million on virtual plots. The sale pushed the price of metaverse tokens up by a healthy margin. Since the metaverse project began, tokens related to metaverse projects have gained by a massive margin.
The lure of the metaverse is undeniable. Investors of every class and capacity are positioning for the inevitable impact that virtual entertainment will have on our present financial system. Creators and developers of metaverse projects are already earning immense profits even before their projects are launched. The revenue potential is simply unimaginable.
Should You Resist the Urge to Invest?
Whether you believe it or not, the metaverse is here to stay. The wise choice when a new technology comes is to position yourself early so that when the gains start rolling in, you can reap massively. On Friday, an unnamed investor purchased a metaverse plot for $450,000. These figures might seem outrageous for virtual properties, but there is more to it.
Investors are characterized by a desire to find good investment opportunities and if you currently have that urge, there is no reason to not do your research and get aboard projects that have great prospects. The best is that there are a lot of projects being developed across various blockchains. This makes it easy to follow new investments on your favorite network.
But of course, research is key to any investment. By making a personal analysis of the metaverse, you can learn all that you need to invest. Celebrities like Snoop Dogg have talked about how the metaverse changed their perception about entertainment and how it will impact their art.
Popular Metaverse Blockchains
Binance Smart Chain (BSC), Cardano, Solana, Ethereum, and Polygon have become the most important blockchains. Metaverse platforms such as Dcentraland, Axie, SandBox, and Horizon Worlds are being developed across several blockchains. These projects have their native tokens that have been launched on DEXs and CEXs.
The massive gains that these tokens have recorded despite being in their early stages is a prediction of their future prices. Decentraland (MANA) and SandBox (SAND) are leading other metaverse tokens in the race to hit new all-time highs.
Blockchain developers are gaining relevance by the day as investors struggle to get aboard new projects. But it is curious that traditional financial institutions are beginning to find the metaverse interesting.
Yesterday, a Japanese investment giant, SoftBank, announced an investment in a Korean metaverse project. The investment, worth $250 million, was made to advance ZEPETO, Asia’s biggest metaverse project. One can only imagine what the metaverse would be like in a few years.