Metaverse is as exotic as they come not only in the value proposition scenario but also in the level of opportunities that it has in store for the industry. Being able to buy your own land and also monetizing your digital asset are some of the inherent benefits of the platform that can be leveraged by the users. It is one of a kind feature that had not been explored before which is why the stakes are incredibly high in this respect. Furthermore, we also need to acknowledge the fact that the level of innovation has gone up and there are unfathomable opportunities that lead up to success. The only that is yet to be done is being able to capitalize on the opportunities and make the most of the profit maximizer app.
As of now, no one knows exactly how is the new digital immersive platform, Metaverse will look like. Moreover, a majority of the folks even believe that it is just a hoax that can never be a reality. Living in the virtual world just as we live in our physical reality is quite questionable indeed and people have their respective suspicions about it. The co-founder of the Sandbox is quite skeptical about being able to create and fabricate your own world where people will be buying, selling, and monetizing their respective assets. Prominent social media platforms, on the other hand, like Twitter & Facebook are already heaping their giant hopes on this platform and can’t wait to let people have a look at it and experience it. Bitcoin Era takes a special look at this subject and will try to make sense of it through this blog.
Rise to fame
The hype around the Metaverse is one of a kind and continues to vex people with what might be their future reality. The crowd on wall street is getting highly pumped up about it all just because it has the massive potential of making an unprecedented flow of money. Needless to say that the stakes are incredibly higher today than they ever were in the past. The prospects of massive property transactions are also higher and such massive transactions are constantly increasing in frequency. Moreover, making an additional source of income through Metaverse will not be a far-fetched reality at all. The Sandbox is powered by blockchain technology which is also a form of decentralized Metaverse. The virtual lands in this space are constantly increasing and one of the virtual lands in this space was sold for a whopping $4.3 despite the fact that the platform is not even been fully launched yet.
The progress seems promising
Sebastien Borget is the co-founder of The Sandbox and believes that the technology will continue to make other platforms highly competitive. He co-founded his platform back in 2012 when the Metaverse technology was only a thought process and nothing beyond that. However, he has climbed up the corporate ladder and currently operates as the COO, i.e., Chief Operating Officer. He is of the opinion the sales of virtual land will continue to skyrocket in the coming years which is a telltale sign of the progress that the Sandbox is currently making. The overall amount has already crossed the $211 million in just a matter of a couple of years.
The virtual world will continue to develop with every consecutive year and there will be millions of people who will continue to join this platform unabated. They are beginning to realize the immense value that the virtual land is currently carrying and everyone wants a piece of it. People are already conducting hefty transactions in this ecosystem and they are able to buy, sell, monetize and do all kinds of technical propositions quite effortlessly. Trading property & earning tokens are not complicated at all and people are beginning to come to terms with it all. So far, the Sandbox has already sold virtual land worth $211 million. Now, this is an unprecedented achievement that is usually not attained by platforms that are still in their nascent stages.