Upland Proves Why Buying Virtual Land Will Be the Next Big Thing

Upland Proves Why Buying Virtual Land Will Be the Next Big Thing
HeadlinesNewsUpland Proves Why Buying Virtual Land Will Be the Next Big Thing

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Upland Proves Why Buying Virtual Land Will Be the Next Big Thing

NewsBTC4 months ago
Published on December 21, 2020 04:09 GMT+0edited on December 21, 2020 04:18 GMT+0

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As the cryptomarkets may see their bull run continue for fungible tokens (aka Bitcoin, Ethereum, etc) in 2021, the asset class of non-fungible tokens (NFTs) will quickly catch up. An extremely interesting development in this asset class coincides with the rise of metaverses, or parallel worlds where people are spending more and more of their time and money. Known from the pre-blockchain era mainly via Second Life, blockchain metaverses are becoming more of a thing. However, in order to participate, users need to purchase virtual land which themselves are unique, non-fungible tokens. Since every property NFT is a 1/1 edition of itself, it can be expected that as more people join, land prices for these NFT properties will appreciate because of the scarcity factor built-in to digital …