[PRESS RELEASE- Newport Beach, United States 7 January 2022]
The idea of a central virtual world that is parallel to the real world, once a niche idea floated by tech enthusiasts, has now become mainstream. The metaverse was officially declared by Mark Zuckerberg late last year. He announced that Facebook would change its name to Meta, and spend $10 billion on it. This was only the beginning. A range of large companies, from Adidas to Budweiser, have announced jumps in the Web3 ecosystem since Facebook’s October rebrand.
The metaverse promises to connect the real and crypto worlds, in virtual reality, augmented reality or on a screen. Recent hype was driven by large property transactions in metaverse. Web3’s money-making potential is being proven by the sale of parcels of virtual land for millions of dollars.
The Sandbox, a decentralized blockchain-based metaverse, is at the heart of the virtual land boom. It has witnessed $211 million in virtual property sales since 2019, with $450,000 being thrown by someone who wanted to buy a piece of land right next to Snoop Dogg’s Sandbox home.
Sebastien Borget is co-founder and CEO at The Sandbox. He envisions it as a diverse digital economy that includes art galleries, concerts and sports card shops. Due Dilly, a startup that uses disruptive computer vision technology to instantly assess physical sports cards, has recently bought land in The Sandbox Game. The grand opening plans are to open the first local metaverse sports card shop. Their NFT Drop will give holders access to their VIP area.
Due Dilly bridges the digital and physical divides by using blockchain technology for their card assessments to smart contract writing. This gives collectors a new opportunity, to collateralize digital NFTs and physical sports cards and track their provenance.
This startup aims to give power back to collectors by bringing the sport card trading industry into the modern age without compromising on tradition. Due Dilly recognizes that many shops don’t have an internet presence and plans to assist local shops in building storefronts using their interface. This will help them generate more revenue online.
The excitement and building of the metaverse is just beginning, especially for trading card and sports enthusiasts.
Marla Brooks – Financial Analysis
My name is Marla Brooks, and I am the mainstream behind the”observednews.com” for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.