{"id":7183,"date":"2021-07-02T08:00:00","date_gmt":"2021-07-02T07:00:00","guid":{"rendered":"https:\/\/growthbycuriosity.com\/blog\/?p=7183"},"modified":"2021-06-28T09:43:56","modified_gmt":"2021-06-28T08:43:56","slug":"digital-land-can-be-worth-millions","status":"publish","type":"post","link":"https:\/\/growthbycuriosity.com\/blog\/crypto\/digital-land-can-be-worth-millions\/","title":{"rendered":"Digital land can be worth millions"},"content":{"rendered":"\n<p>It seems crazy, but a virtual plot (digital land) of real estate within the Ethereum-based open-world game, Decentraland, has sold for more than $913,000 \u2014 valuing the intangible property on par with the average price of a real world house in\u00a0Brooklyn, New York.<\/p>\n\n\n\n<p>The digital land is sold in the form of nonfungible tokens (NFTs) dubbed LAND in Decentraland, with the digital plot being sold to virtual real estate-focussed investment firm, Republic Realm. The plot actually represents 259 parcels of digital land, with the transaction settling for 1,295,000 of Decentraland\u2019s native MANA tokens \u2014 worth roughly $913,000 at the time of sale (17-06-2021).<\/p>\n\n\n\n<p>On Twitter, the investment firm emphasized its commitment to building on the virtual real estate and adding value to Decentraland\u2019s metaverse.<\/p>\n\n\n\n<p>Decentraland allows players to explore its crypto-powered metaverse, offering an experience akin to a blend between Minecraft and Second Life but with\u00a0true ownership\u00a0over in-game items and a player-driven in-game economy.<\/p>\n\n\n\n<p><a href=\"https:\/\/growthbycuriosity.com\">Still curious?<\/a> Learn more about our Platform Growth By Curiosity and discover more.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"tmnf_excerpt meta_deko\"><p>It seems crazy, but a virtual plot (digital land) of real estate within the Ethereum-based open-world game, Decentraland, has sold for more than $913,000<\/p>\n<\/div>","protected":false},"author":2,"featured_media":7184,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-hero-cover.php","format":"standard","meta":[],"categories":[140,141],"tags":[],"_links":{"self":[{"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/posts\/7183"}],"collection":[{"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/comments?post=7183"}],"version-history":[{"count":1,"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/posts\/7183\/revisions"}],"predecessor-version":[{"id":7185,"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/posts\/7183\/revisions\/7185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/media\/7184"}],"wp:attachment":[{"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/media?parent=7183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/categories?post=7183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/growthbycuriosity.com\/blog\/wp-json\/wp\/v2\/tags?post=7183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}