The post Metaverse Shows Signs of Life with NFT Sales Up 27 Percent appeared on BitcoinEthereumNews.com. Metaverse-related non-fungible token sales rose 27% in August from the month prior, suggesting people could be “slowly sneaking back into virtual worlds,” according to an analyst from DappRadar.  There was $6.5 million in metaverse trading volume across August, down slightly from July but coming from 13,927 sales, representing a 27% increase from last month, according to the report published on Thursday.  “It’s the 2nd month of steady activity, hinting that users may be slowly returning to virtual worlds like Sandbox, Mocaverse, Otherside and Decentraland,” DappRadar wrote on X.  The metaverse saw peak hype in 2021 and 2022, driven by speculation and excitement about what the technology could achieve, slowing down in 2023 and beyond after its initial burst of popularity.   Source: DappRadar People “sneaking back” into the metaverse In July, DappRadar recorded sales of $6.7 million and trading volume of 10,900 in metaverses, a significant jump from just $3.7 million in sales and 12,800 in volume in June. DappRadar analyst Sara Gherghelas said August figures show the “metaverse isn’t dead yet,” and people appear to be “sneaking back into virtual worlds.”  However, January has still been the best month for sales this year, with $7.7 million, while April and May have been the best for trading after clocking more than 19,000 in volume each. Platforms focusing on long-term infrastructure At the moment, Gherghelas said the top platforms are focused on building for the long term, with a focus on infrastructure. The Sandbox, a metaverse-focused subsidiary of Hong Kong-based Web3 firm Animoca Brands, had its largest land auction in July. The Mocaverse, a Web3 ecosystem and NFT project, is preparing to launch Moca Chain, with a testnet expected this quarter.  At the same time, Otherside, a metaverse platform developed by Yuga Labs, released AI-powered world-building tools in August.  Decentraland, a browser-based… The post Metaverse Shows Signs of Life with NFT Sales Up 27 Percent appeared on BitcoinEthereumNews.com. Metaverse-related non-fungible token sales rose 27% in August from the month prior, suggesting people could be “slowly sneaking back into virtual worlds,” according to an analyst from DappRadar.  There was $6.5 million in metaverse trading volume across August, down slightly from July but coming from 13,927 sales, representing a 27% increase from last month, according to the report published on Thursday.  “It’s the 2nd month of steady activity, hinting that users may be slowly returning to virtual worlds like Sandbox, Mocaverse, Otherside and Decentraland,” DappRadar wrote on X.  The metaverse saw peak hype in 2021 and 2022, driven by speculation and excitement about what the technology could achieve, slowing down in 2023 and beyond after its initial burst of popularity.   Source: DappRadar People “sneaking back” into the metaverse In July, DappRadar recorded sales of $6.7 million and trading volume of 10,900 in metaverses, a significant jump from just $3.7 million in sales and 12,800 in volume in June. DappRadar analyst Sara Gherghelas said August figures show the “metaverse isn’t dead yet,” and people appear to be “sneaking back into virtual worlds.”  However, January has still been the best month for sales this year, with $7.7 million, while April and May have been the best for trading after clocking more than 19,000 in volume each. Platforms focusing on long-term infrastructure At the moment, Gherghelas said the top platforms are focused on building for the long term, with a focus on infrastructure. The Sandbox, a metaverse-focused subsidiary of Hong Kong-based Web3 firm Animoca Brands, had its largest land auction in July. The Mocaverse, a Web3 ecosystem and NFT project, is preparing to launch Moca Chain, with a testnet expected this quarter.  At the same time, Otherside, a metaverse platform developed by Yuga Labs, released AI-powered world-building tools in August.  Decentraland, a browser-based…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more