Metaverse virtual real estate grossed $100 million last week

    Interest in Metaverse and associated features, like virtual lands and real estate, is in hot demand, available data from DappRadar shows. Over $100 million was spent on purchasing these virtual properties last week, including the Sandbox grossing over $80 million and Decentraland above $15 million. According to DappRadar, Metaverse-related projects like The Sandbox, Decentraland, CryptoVoxels,…

    Little-known MANA token shoots up 400% after Facebook metaverse announcement

    Little-known cryptocurrency Mana surged by 400% over the weekend after Facebook announced changing its name to Meta. Mana is the native token of Decentraland, a self-proclaimed metaverse crypto platform where users can buy and sell virtual assets. Crypto investors believe Facebook’s rebrand is a sign of the growing interest in the metaverse trend. Decentralnad (MANA)…

    NFT bubble popped? Study shows NFT sales dropped 90% over last month

    According to a recent analysis by crypto news site Protos, non-fungible token (NFT) sales plummeted 90% since the record sales on May 3. Market data shows over 130,000 NFT sales in a single day, and 30 days later, NFT sales dropped more than 35% last month, reaching over 84,000. Since peaking on May 3, when…