A recent study has shown a significant surge in NFT sales tied to digital assets in the ‘Metaverse’ universe during the first quarter of 2022. The data indicates that investments in ‘Metaverse’ digital assets like virtual land, property, and avatars have seen a notable increase of 129.4 percent during this quarter.
Despite market fluctuations, renowned individuals and brands have continued to invest in virtual assets, anticipating their value to rise over time.
Notably, NFTs have outperformed cryptocurrencies in the first quarter, with the NFT-500 index experiencing a 49.9 percent increase, while certain cryptocurrencies, such as Ethereum, decreased by 7.9 percent.
META MADE AN EXPLANATION ON ITS OWN ‘METAVERSE’ PLATFORM SHORTLY
In a recent announcement, Meta revealed that creators on its ‘metaverse’ platform, Horizon Worlds, will now have the capability to sell virtual goods.
This announcement is believed to have further heightened interest in ‘metaverse’-connected NFTs.
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