METANOMICS The growth of the metaverse is based around how it can be factored into – and profited from – almost any industry. Metaverse economics, or ‘metanomics,’ is a concept that originated from Cornell professor Robert Bloomfield in 2007.
platforms like Decentraland, for example, are already selling plots. “Virtual real estate is a growing market,” says the report. “The average price of a parcel of land doubled in a six-month window in 2021. It jumped from $6000 in June to $12,000 by December across the main Web 3.0 metaverses. “In June 2021, one land package in Decentraland was sold for $913,000, with the developer Everyrealm turning it into an entire shopping district.”
Driven by the creation of Web 3.0, you can now personalise a virtual home with an original piece of art – tokenised as a digital asset. It’s even possible to own the land the house is built on: Ethereum-based
Monthly revenue of land sales in prominent Metaverse platforms
GOING UP The Sandbox has surpassed two million users
Source: statista.com
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Cryptovoxels
Somnium Space
Decentraland
The Sandbox
Surge in market cap of tokens in major metaverse platforms after Facebook’s rebranding to Meta Source: The Block
EARLY DAYS From sci-fi
to reality, the metaverse is growing rapidly
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Somnium Space (CUBE)
The Sandbox (SAND)
Decentraland (MANA)
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