Q1 2023 surges with $502 million investments in blockchain gaming and metaverse
The first quarter of 2023 has seen unprecedented growth and innovation in the world of virtual reality. From decentralized fashion shows to high-end luxury brands jumping on the NFT bandwagon, the metaverse is no longer just a concept for sci-fi movies. Join us as we take a closer look at the promising future of virtual worlds and the metaverse.
Key Takeaways
- Virtual land trading reached an all-time high in Q1 2023 with 147,000 trades; Otherside and MG Land accounted for 75% of Q1 land sales.
- Virtual world NFT trading volume spikes to $311 million in Q1 2023, a 277.12% increase from Q4 2022.
- In Q3 2023, the four 10ktf NFT fashion collections emerged as clear winners in the NFT fashion industry, capturing a staggering 74% of the trading volume and establishing their dominance in the market.
- $502 million were invested into blockchain gaming and metaverse projects in Q1 2023.
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