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Newport Beach, United States, 7th January, 2022, Chainwire
Once a niche idea tossed around by tech enthusiasts, the concept of a centralized virtual world parallel to the physical world––the metaverse— has made its way into the mainstream. Any doubt about whether or not the metaverse has officially arrived was dispelled, late last year, when Mark Zuckerberg announced that Facebook would be changing its name to Meta and spending USD 10 billion on the metaverse. But that was just the beginning. Since Facebook’s October rebrand, a range of big companies from Adidas to Budweiser has announced leaps into the Web3 ecosystem.
The metaverse promises to bridge the real world and the crypto world, whether existing in virtual reality, augmented reality, or just on a screen. Recently a ton of hype has been driven by massive property transactions in the metaverse. Parcels of virtual land are changing hands for millions of dollars and proving Web3’s money-making potential.
At the center of this virtual land boom is The Sandbox, a blockchain-based decentralized metaverse that has seen USD 211 million in virtual land sales since 2019, including the USD 450,000 someone threw at the chance to own a plot of land next to Snoop Dogg’s Sandbox mansion.
Sebastien Borget, co-founder and CEO of The Sandbox, envisions it becoming a diverse digital economy with art galleries, concerts, and, now, sports card shops. Due Dilly, a startup that leverages disruptive computer vision tech to assess physical sports cards instantly, recently purchased land in The Sandbox Game with grand opening plans to introduce the first local sports card shop in the metaverse. And, their
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