NFTs continue to shape the digital economy, and our latest NFT survey reveals key trends, market insights, and investor sentiment driving the future of digital collectibles.
A Study Shows Only 13% of the Tech Professionals Buying in the Metaverse Virtual Real Estate.
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Key Insights from the Latest NFT Survey
A recent study predicted that the virtual real estate market will likely be smaller than you think.
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A user-initiated poll is conducted on the Blind social platform that indicates that fewer than one in seven ( 13 percent ) users are interested in buying virtual real estate land. The majority of the poll respondents said that they were not going to purchase the metaverse virtual land. This new trend is based on hesitation and skepticism in the market.
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The opponent’s technologists considered it a dumb investment. The reason behind the real estate is a finite resource. So, what’s the point of the metaverse-based virtual world?
How do you buy virtual real estate?
Prospective digital land buyers use this cryptocurrency to make the purchase. It is required to have an account and wallet on cryptocurrency exchanges. Some marketplaces can be used as a peer-to-peer marketplace for digital real estate.
In both worlds, the location matters a lot. Only a limited number of resources are available in the metaverse world. Hence, they are limited, and it ensures uniqueness.
Before investing in virtual real estate, be aware of the market. The value of the digital property will be close to zero if most people abandon the metaverse virtual real estate concept.
Additionally, the virtual real estate supply is infinite. However, some NFT platforms said they will not generate excess virtual real estate to maintain the market’s scarcity.
However, Indeed new metaverse-based virtual real estate land is created with its plots of digital real estate.
Wrapping Up
Metaverse NFTs are expanding worldwide and appear as niche trends, according to Blind. It is unpredictable for the team of experts that it might be valuable in the long term. Hence, we should adopt the wait-and-watch approach.
