01 Jul DecentWorld User Made $1M From NFT Trading on the Newly Launched Secondary Market
[PRESS RELEASE – ZUG, Switzerland – July 1, 2022]
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 18,777,912 DWRLD in Street value.
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 $1,250,000 or 5,000,000 DWRLD. Currently this purchase makes it officially the most valuable NFT Asset on the platform. You can find this transaction on blockchain here.
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.
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.
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