In the past 24 hours investors spend over 159 thousand dollars on virtual land in Cryptovoxels. This makes the virtual world of Cryptovoxels one of the most talked about blockchain games and the number one in trading volume according to data from Nonfungible.com. As a result the digital world now has 253 thousand dollars (1195 ETH) in weekly trading volume, which almost triple the amount of competitor Decentraland, which has 87 thousand dollars in weekly trading volume.
With a trading increase of 384 percent there’s something going on in the world of Cryptovoxels. The blockchain gaming company sells new parcels for their virtual world on a weekly basis. They certainly are in high demand. This week they announced a competition for wearing digital items inside Cryptovoxels, because of the implementation of a third person view. More important is the introduction of colors, because the game world was mainly black and white so far.
Together with Decentraland, Somnium Space, and The Sandbox, Cryptovoxels is one of virtual world projects in the blockchain space. The concept of virtual worlds has been tested before in the 90s and early 2000s. Just think back about Second Life or maybe Alpha Worlds, if you’re old enough. However, these projects are no longer relevant. Thanks to blockchain technology digital ownership and community governance is now finally possible. This is probably arguments for the future success of these virtual worlds.
Currently everything is pure speculation. Players can already enter Cryptovoxels and look around at all the creations. However, it’s difficult to find other people. Adoption will be key to decide whether the investment in digital land for Cryptovoxels is a good idea or not. Prices for Cryptovoxels digital land start at 521 dollars.
Also published on Medium.