{"id":17564,"date":"2023-03-26T19:45:12","date_gmt":"2023-03-26T19:45:12","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-trading-rockets-in-first-quarter-of-2023\/"},"modified":"2023-03-26T19:45:18","modified_gmt":"2023-03-26T19:45:18","slug":"metaverse-trading-rockets-in-first-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-trading-rockets-in-first-quarter-of-2023\/","title":{"rendered":"Metaverse Trading Rockets in First Quarter of 2023"},"content":{"rendered":"
A recent DappRadar<\/a> report has revealed that NFT trading in the Metaverse spiked during the first quarter of this year. In fact, the volumes have hit an all-time high, a testament to the growing interest in virtual worlds. In total, there were 147,000 trades in various Metaverses, altogether accumulating over $311 million in trading volume.<\/p>\n As DappRadar discovered, the spike was no fluke as several factors conspired to skyrocket trading in virtual universes. Various incentives from the likes of Yuga Labs, Blur, and Decentraland were crucial to motivating traders to jump into different Metaverses and trade virtual lands and other products.<\/p>\n Otherdeed, NFTs that are linked to the Otherside Metaverse, led the pack. Within the first three months of this year, these NFTs amassed a trading volume of $222 million, which is a 237% increase from the previous quarter. Otherdeed NFTs have been in great demand ever since Yuga Labs announced a \u201cSecond Trip\u201d<\/em> to the Otherside was on the way. Interestingly, one NFT from this highly sought-after collection sold for 186 ETH (approximately $2.85 million) at the time, making it the most expensive piece sold in the first quarter.<\/p>\n Virtual worlds achieved record-breaking performance in Q1 2023 as investments in #blockchain<\/a> gaming & #metaverse<\/a> projects reached $503M.\ud83d\udcc8<\/p>\n Find the full report here \u2b07\ufe0fhttps:\/\/t.co\/5EHFo7G7y9<\/p>\n\n