Today JP Morgan’s Onyx blockchain division published a short report on the Metaverse and revealed it acquired a piece of virtual property in Decentraland.
Decentraland is one of four major blockchain metaverses that sell virtual land. The others are The Sandbox, Cryptovoxels, and Somnium Space. Although Decentraland has been around the longest, The Sandbox has attracted the most sales and value nowadays. It’s also signed up big brands, including Warner Music.
JP Morgan reports that average land prices across these four metaverses jumped from $6,000 in June 2021 to $12,000 six months later.
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