Decentraland launches virtual property renting for LAND owners
The metaverse platform Decentranland announced a new platform feature which allows its users who own virtual LAND to essentially become landlords. Owners can now officially rent out their property to other users on the platform for predefined periods of time. This allows users to earn passive income off of their metaverse assets. Decentraland classifies LAND […]
Norwegian gov’t agency opens metaverse office in collaboration with EY
The Brønnøysund Register Center, a Norwegian governmental agency, partnered with the Big Four accounting firm Ernst & Young (EY) to step into the metaverse with a new virtual office location. The center is responsible for managing numerous public registers for Norway, along with systems for the government’s digital exchange of information. According to the announcement, […]
Ecosystem is bullish on the Metaverse, no matter what the numbers imply
An initial interpretation of DappRadar numbers on Oct. 11 reported extremely low engagement numbers for Decentraland, one of Web3’s most-hyped metaverses. The numbers shocked the community, as the platform has a current market evaluation of $1.2 billion. Shortly after the initial report broke, both DappRadar and Decentraland verified that the published number of less than 40 […]
Metaverse trading volume plummeted 80% but hype hasn’t decreased
Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains. The Metaverse sector has been hit with a fair amount of negative press as of late, particularly around suggested low user activity across certain platforms, […]