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Metaverse Virtual Land Purchase Spending Nears $2 Billion in Past 12 Months

By Simon LawsonNovember 4, 20221 Min Read
Metaverse Virtual Land Purchase Spending Nears $2 Billion in Past 12 Months
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Nearly $2bn (£1.75bn) has been spent on virtual lot purchases over the past 12 months as ordinary people and businesses race to gain a foothold in the metaverse.

One of the most popular metaverses right now is Decentraland, where Samsung, UPS and Sotheby’s, as well as fashion brand Philipp Plein, have purchased virtual plots to build stores and visitor centers.

In The Sandbox, Adidas, Atari, Ubisoft, Binance, Warner Music and Gucci purchased virtual parcels.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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