Metav3rse here with the latest roundup of probably nothing… nothing, probably? News! Let’s dive right into it.
1. OpenSea (@opensea) had a record-breaking January, with more than $5 billion in trading volume between Ethereum and Polygon.
2. Sales of real estate in the metaverse topped $500 million last year and could double this year, according to MetaMetric Solutions. “There are big risks, but potentially big rewards,” said Janine Yorio, CEO of Republic Realm, a metaverse real estate investor and advisory firm.
3. Coachella is selling lifetime festival passes for the first time — but as an NFT. In collaboration with FTX, the festival is dropping three collections of NFTs going on sale February 4th.
4. Working in partnership with metaverse developer Republic Realm (@joinrepublic_realm) - Atari has launched a series of NFT loot boxes they call “GFTs.” GFTs are NFTs designed for gifting, and they initially appear like wrapped gift boxes but “unwrap” on a specific date to reveal a surprise inside the box.
5. Russian citizens reportedly own 16.5 trillion rubles ($214 billion) worth of cryptocurrencies, according to official government estimates.
