Decentraland, the ambitious, open standards-based social VR world project which sold virtual land plots worth USD $25 million In Ethereum last August, is reportedly amid the next inevitable market stage -- a tulip mania land grab in Decentraland among its users:
Much of the activity in the various channels on the Decentraland chat server revolves around the buying and selling of LAND, which is the name they actually use for the 10m-by-10m parcels of virtual real estate that were first auctioned off in December 2017 and January 2018. It’s not yet known when the next auction of LAND will take place, so currently the only way to obtain LAND is to buy it from an existing owner... The red circle to the left, near Vegas City (the proposed gambling district), is three parcels of LAND together in a reversed L shape. Asking price is 80,000 MANA, which, according to today’s value using this MANA-to-USD converter tool, works out to about US$8,749. According to Decentraland believers, this land is considered more valuable because it is located next to what is anticipated to be the lucrative and busy gambling district. Now, mind you, you can’t even VISIT this land yet, and there is as yet NOTHING in Vegas City.
Much more from the blog of longtime virtual world developer Ryan Schultz, who smartly rebranded his site -- originally being just about Linden Lab's Sansar, to now being about metaverse worlds in general.