• Virtual world trading volume recorded a 229% growth in February and returned to its pre-Luna crash levels.
• The gaming and metaverse space raised a joint $148 million in funding during the month.
• The NFT market also showed parallelism to the metaverse and gaming’s growth and returned to pre-luna crash levels in February.
Virtual Worlds Trading Volume Grows 230% in February
The trade count for virtual worlds doubled to 51,000 in February, as the metaverse and gaming space received $148 million in investments.
Growth of Virtual Lands
The report noted that the trading volume of virtual lands has been growing over the past few months, and it continued its growth in February as well. According to the data, the trading volume of virtual land increased to $145 million in February from $44 million in January, marking a 229% growth.
Investments
According to the data, the gaming and metaverse space had raised $156 million in funding in January and remained firm on the investments front in February by raising $148 million. Over 65% of the total amount went directly to games and the metaverse, which equates to over $71 million.
NFTs Return To Pre-Winter Levels
The NFT market also showed parallelism to the metaverse and gaming’s growth and returned to pre-luna crash levels in February. The NFT trading volume recorded a 117% growth in February and increased to over $2 billion.
Contradiction Between Sales Counts & Trading Volumes
Despite this surge, however,the NFT sales count recordeda 31.46% decreaseand fellto 6.3millioninFebruary.This contradiction between sales countsandtrading volumesindicatesthatinvestorsarefocusingmoreonlongtermholdingsratherthanbuyingandspeculatingfortrades.
