Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

DecentWorld User Made $1M From NFT Trading In A Day After The Secondary Market Launch

Cryptocurrency Jun 30, 2022 10:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
DecentWorld User Made $1M From NFT Trading In A Day After The Secondary Market Launch
 
META
-0.28%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
TWTR
+0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

It has been a crazy week for DecentWorld. Within 2 days after the launch of the Secondary Market, users have already made millions from NFT trading, hitting unseen numbers of sales within such a short time-frame. A user under the name YB46 has just earned more than $1 million by selling his South Las Vegas Boulevard NFT to another user known as SomneukChina, who has purchased the digital street for $1.25 million.

From the official data it can be seen that this Elite Street in Las Vegas was bought on March 5, 2022, for $150,000 or 600,000 DWRLD. User YB46 currently is of Magnate level on DecentWorld, owning a whopping 18,777,912 DWRLD in Street value of the total almost 300 Streets this user is owning. User YB46 also already has six Collections completed. Just a reminder, DecentWorld has successfully launched their Collections not more than weeks ago.

User, who has purchased South Las Vegas Boulevard, is known as SomneukChina. According to the in-platform stats this is the very first purchase on the DecentWorld metaverse, made specifically via its newly opened Secondary Marketplace. South Las Vegas Boulevard in the United States was purchased for a whopping $1,250,000 or 5,000,000 DWRLD. This Elite Street marks a key moment for the DecentWorld metaverse because currently this purchase makes it officially the most valuable NFT Asset on the platform.

You can find this transaction on blockchain here.

June has been packed with major launches for DecentWorld. Within a week after launching Collections, nearly a thousand Street NFTs were purchased equaling to $5 million in worth, and 75 Collections were fully assembled and staked to now generate up to 50% yield to their owners. Currently, the total number of virtual Streets purchased amounts to 4,400 NFTs – almost double what it was two months ago.

An Additional Way to Generate Yield

Up until mid-June, DecentWorld users were only able to explore the project’s main feature⁠—its geo-based Map with 18.5 million digital Streets, all copies of their real-world counterparts. The introduction of Collections, giving users the chance to generate yield by assembling and staking Streets, changed the game. Aside from more than 700 Basic level Streets sold, 23 exclusive Elite level Assets were purchased for a whopping $4.7 million dollars.

Now, the DecentWorld team has bestowed an additional opportunity upon users of the platform: the chance to focus on personal trading and benefit from rare Street NFT sales, all whilst interacting with other users on the Secondary Market.

“Free market is essentially what we seek to build within our platform. We also want to enable our users to utilize their Assets even more. For example, those who are still deciding whether to lock their Street NFTs via staking can now make their Assets work for them in other ways. Let’s say you have acquired an exclusive Street NFT that is a part of the Paris Unique Collection. Another user who might be on the hunt for it will now be able to purchase it from you. The value of that Street immediately becomes higher than what you originally paid”, the DecentWorld team explained.

The more exclusive a Street is, the more Collections it is featured on, the higher demand there can be for it on the Secondary Market. Platform’s creators note that the same logic will be applied to completed Collections that will soon serve as standalone NFTs.

A Second Chance for Late Bidders

There is good news for those who were not able to hop in during the first Collection drop, as they will be able to get involved during the second⁠—indeed, the DecentWorld team has confirmed that Collections will be updated with new cities during each quarter.

In the meantime, users can scout out the goods being sold by other members of the DecentWorld community, bid for their desired Assets, and prepare for the next drop by purchasing more Street NFTs in other potential locations.

“We made the decision to launch the Secondary Market this soon because we want to have a lively market, and users that are excited for further releases, eager to achieve more. This way we allow our users to interact with each other whilst scouting for the Assets, as well as to benefit from those interactions”, the creators shared.

DecentWorld plans to continuously introduce more attractive features to keep its audience entertained. The project map is packed with new releases scheduled for this year. Such releases will see: the opening of the first DecentWorld 3D environment – Downtown Dubai decked with a multiplayer and interactive messaging channels; 3D Building NFT sales, and much more.

About DecentWorld

DecentWorld is a Swiss metaverse digital real estate platform built on blockchain technology to introduce a next-generation web3 experience. The platform allows members to purchase and trade digital Street NFTs, which can then be combined into Collections. Completed and staked Collections have additional value as they generate yield that is paid out to the owner. Using state of the art security features, DecentWorld also stands for trust and transparency in the blockchain industry.

To fully explore our metaverse, please visit www.decentworld.com.

Follow our latest updates on Twitter (NYSE:TWTR), Telegram, Instagram, LinkedIn and Facebook (NASDAQ:META).

For further inquiries & talent outreach, please message hello@decentworld.com.

Continue reading on DailyCoin

DecentWorld User Made $1M From NFT Trading In A Day After The Secondary Market Launch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email