A great number of Non-fungible tokens (NFTs) have been selling on various marketplaces this year creating tens of thousands of dollars in NFT sales. One particular platform called The Sandbox has been selling virtual land parcels for thousands of dollars worth of ether. The Sandbox is a virtual world that lets players create and own blockchain-backed virtual items in the metaverse built on the Ethereum network. On October 18, Sandbox revealed two 6×6 estates had been sold for 210 ether ($76,931) or 28x the original price.
In the future, digital currencies will be an integral part of the online world individuals call the “Metaverse.” The Metaverse is essentially a persistent virtual space converged with virtual reality. Current blockchain applications allow people to not only create 3D virtual spaces and items, but also own them in an immutable fashion as well.
At the end of July, news.Bitcoin.com reviewed the virtual world