Metaverse NFT Volume Tops $300 Million This Year, Says Report 

2023-3-24 01:03

A new DappRadar NFT report indicates that trading volume for digital land NFTs grew 277.12% in Q1, 2023, reaching $311 million.

Most land sales came from Yuga Labs’ Otherside metaverse NFTs, Otherdeeds, which topped $222 million in trading volume.

Metaverse Land Sales Flourish Amid Ongoing Winter

In February 2023 alone, Otherdeeds saw $137 million in trading volume, increasing over 200% from January. The surge coincided with the launch of Sewer Pass.

Virtual Worlds in Order of Descending Trading Volume | Source: DappRadar

Otherdeeds is also dominating March with a trading volume of $47 million, which represents 95% of all digital land sales.

Runners-up in Q1 include the recently-launched MG Land, with a trading volume of $60 million. MG Land allows users to build a digital space to socialize and engage in many activities. The Sandbox recorded $3.5 million in trading volume.

Trading volume for Decentraland totaled $1.9 million year-to-date. Decentraland wallets have increased by 16% to 1,490.

Fashion NFTs Expose Traditional Brands to Younger Clients

The first quarter of 2023 also saw a surge of luxury fashion brands populating virtual spaces with NFT fashion collections.

The most popular collections include Adidas Originals Into the Metaverse, Nike MNLTH, Decentraland Wearables Matic, and 10KTF. The 10KTF collection accounted for 74% of the trading volumes of NFT fashion items. Yuga Labs acquired the 10KTF collection, which was launched in 2021.

Top 10 NFT Fashion Collections | Source: DappRadar

Trading volume on Decentraland has spiked 63% to $26,880 in the last seven days in anticipation of its Metaverse Fashion Week 2023.

Brands participating in the event that links young designers with traditional fashion houses include Dolce&Gabbana, Tommy Hilfiger, and Diesel.

Driving fashion brands to digital spaces is a new generation of Gen Z and Millennial fashionistas who value their online more than their in-person presentations.

Digital fashion designers are also looking to capitalize on a growing trend among U.K. shoppers of buying clothes to pose for a social media post and then returning them.

In Q1, 2023, investors pumped $502 million in Web 3 gaming and metaverse projects, down from $7.6 billion, but still significant given the recent souring of investor sentiment towards the crypto industry.

The metaverse presents fashion houses with a lower cost of goods and allows them to use existing designs.

According to Morgan Stanley, the digital fashion industry is set to reach $50 billion by 2030.

For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.

The post Metaverse NFT Volume Tops $300 Million This Year, Says Report  appeared first on BeInCrypto.

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metaverse million volume nft says year report

Источник: beincrypto.com

metaverse million → Результатов: 126


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Enjin (ENJ) Unveils $100 Million Metaverse Fund Ahead of Efinity’s Polkadot Parachain Slot Bid

The leading ecosystem for non-fungible tokens (NFT) Enjin today unveiled a $100 million Metaverse Fund for Efinity. $100 Million Metaverse Fund Launched for Efinity Enjin, the world’s leading ecosystem for NFTs and all things metaverse today announced the launch of a $100 million fund for its Polkadot-based cross-chain NFT network, Efinity.  In addition, Enjin isRead More

2021-11-4 17:00


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Chimeras Play-to-Earn Metaverse Project Successfully Raised Over $2M In Its Latest Fundraising Round

Chimeras is thrilled to announce that they have successfully completed their funding round that raised over $2 million. Chimeras’ funding round saw the participation of leading blockchain investors, which included AU 21, Poolz Master Ventures, Panda Capital, BullPerks, X21, OIG Invest, LVT Capital, Otis Capital, Shima Capital, and Lotus Capital. As per the announcement, the […]

2021-10-19 18:57


Фото:

Chimeras Play-to-Earn Metaverse Raised Over $2 Million During Successful Funding Round

October 18th, 2021 – The Chimeras Play-to-Earn metaverse project has completed its funding round with the participation of leading blockchain venture companies, including, amongst many others, Master Ventures, AU 21, Poolz, BullPerks, X21, OIG Invest, Panda Capital, Shima Capital, LVT Capital, Otis Capital and Lotus Capital.

2021-10-19 02:00


Ripple Joins the NFT Trend, Launches a $250 Million Fund to Attract Creators to XRP Ledger

No one can resist the movement of non-fungible tokens (NFTs), which is expected to be the center point of the metaverse. The latest crypto company to jump is none other than Ripple, which along with its top two executives, is currently fighting a legal battle with the US Securities Exchange Commission (SEC) regarding the sale […] The post Ripple Joins the NFT Trend, Launches a 0 Million Fund to Attract Creators to XRP Ledger first appeared on BitcoinExchangeGuide.

2021-9-29 16:46


ComputeCoin introduces testnet with top crypto miners after securing $2M funding

ComputeCoin Network (CCN), a self-evolving computer built to serve the metaverse with $2 million in funding, today announced the launch of its testnet. With some of the top crypto miners such as Ethereum (ETH), Filecoin (FIL), and Swarm (BZZ) miners on board, CCN continues to invite interested and qualified miners to apply until October 11th, […] The post ComputeCoin introduces testnet with top crypto miners after securing $2M funding appeared first on CryptoNinjas.

2021-9-28 20:17


Фото:

Binamon Metaverse will Include its First Planet – It Will be Sold for Millions of Dollars

As if it were a science fiction movie, in the best Star Wars style, the world of NFTs never stops to amaze us. After the success of the Binamon Genesis monsters, where more than 10 million dollars have been sold in Digital monsters; Binamon incorporates a new collection to its metaverse.  PLANET A-LGC-Z1, whose name […]

2021-7-29 22:14


Bit.Country Raises $4 Million in Seed Investments to Let Users Build Their Own Metaverses

Bit. Country, a platform specifically designed for allowing users to create personalized metaverses, has received $4 million in investments during its first funding round. Among the participants of the funding event were Web3 pioneers, gaming industry leaders, influencers, and 56 other metaverse supporters from around the world.

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