Crypto gamers spent $1 million over the last week to invest in virtual properties and digital real estate.

According to a medium post by blockchain supporter Robert Hoogendoorn, gamers invested more than $1 million this week to purchase virtual spaces across three crypto-based games: Decentraland, Cryptovoxels and The Sandbox.

Decentraland, the largest of the three platforms in terms of trading volume, generated more than $600,000 from gamers rushing to purchase virtual real estate in the blockchain-based digital world ahead of the game’s official launch on Feb. 20. Players are able to purchase their virtual names secured through Ethereum Name Service Domains in addition to buying digital clothing and accessories.

The Sandbox also witnessed an influx of crypto investment, generating more than 6,000 sales and $168,000 from gamers purchasing 7% fo the game’s total landspace. In addition, users spent $204,000 in the purchase of digital items on gaming platform Cryptovoxels.

According to Hoogendoorn, the purchase of digital land provides users with a variety of benefits,

    Virtual land in these digital world can be owned by players themselves. They are free to build whatever they want, and to monetize whatever they want. As a result this free digital market will attract both hobbyists and business opportunists.

Hoogendoorn said the rise of crypto-based gaming has provided a “new meaning” for user-generated content, with virtual ownership drastically changing the traditional consumer role.

Featured Image Credit: Photo via Pixabay.com

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Wow. I wish i can do the same with my btc one day.

The strategy gives us inner confidence and thereby an advantage in trading, because with a strategy we know how to act and what our goals are.

Exactly! A strategy is like a guiding light to your trading actions, we shouldn’t skip it at all. It gives you signals like when to act and when not to.

As a newbie, you need to first explore the cryptocurrency world before you begin trading. Cryptos are highly volatile so one needs to be properly aware about how these work and the risk involved. So study about it first, engage yourself on some crypto related forums and then start demo trading cryptos before you go live.   

Its not that bad though, if you feel comfortable with it go for it. Otherwise there are others to make money from cryptos as well like you can trade or invest in them , develop smart contracts or even launch an ICO.

yeaa true! You will rise only when you’ll fall. This is how you will learn from your mistakes. Just work hard and be patient and i’m sure you will do good. 

The basic principle is to buy at low prices and to sell at high prices. Based on this principle, if the price of a coin is still low, we must hold and wait for the raising. It is a better way to avoid losses. It is also the basic strategy for investors.

Yeah exactly. That’s what I do when prices are low. Its the safest thing to do.

I would recommend you people to buy the cryptocurrencies from a credible crypto exchange as it is the safest way of purchasing Bitcoin and other altcoins. It will safe you from being scammed by the inhumane people working for snatching your hard-earned money. Thanks

Agreed! The number of scams in the cryptocurrency world are huge. So beware of all fraudulent activities and choose the right exchange and broker.