NFT’s commercial activity in virtual worlds increased by 27% in August, with 13,927 sales generating a volume of $ 6.5 million.
NFT’s commercial activity in virtual worlds increased by 27% in August, with 13,927 sales generating a volume of $ 6.5 million. The increase marks the second consecutive month of regular meta opposite activity after prolonged dormant.
The performance of August followed sales of $ 6.7 million in July and a commercial volume of 10,900, which represents substantial growth compared to $ 3.7 million in June. January remains the strongest month of 2024 with $ 7.7 million in Metaversse NFT sales.
The main platforms focus on the development of long -term infrastructure rather than speculative trading. The sandbox has made its largest land auction in July while Mocavese is preparing to launch the mocc channel with an expected test test this quarter.
Others has published global construction tools fueled by AI in August as part of its platform improvement strategy. Decentraland has announced a major engine upgrade while Hyopia replaced its topia token with a new hybux and has expanded its creative fund.
VirtualWorlds continues to attract development investments despite modest negotiation volumes compared to advanced periods. Companies like Infinite Reality have acquired Napster in March with plans for a metachered music focused on music.
Gherghelas notes that even if the volumes remain modest, the most important platforms build sustainable foundations by “long-term infrastructure tools, identity and creator” rather than pursuing short-term speculations.
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