The post Metaverse Shows Signs of Recovery as Virtual World NFT Sales Surge appeared on BitcoinEthereumNews.com. Metaverse NFT sales rose 27% in August with nearly 14,000 transactions recorded. Trading volume remained steady at $6.5M, showing strong recovery from June’s $3.7M. The metaverse industry is showing new energy following months of stagnation and NFT transactions in virtual worlds are showing strong growth trends. A recent study by DappRadar shows some promising news that users are slowly reentering digital spaces that have been deemed technological dead ends. The August statistics show that the metaverse NFT sales increased significantly by 27% in August over July, which amounted to about 13,927 transactions across the different platforms. This is the second month of continuous action, and it may signify market stabilization as opposed to short-lived fluctuations or speculative bubble action. Virtual Worlds Experience Gradual User Renaissance The trading volume was recorded at $6.5 million in August, a little lower than the $6.7 million in July but still at a very high level of performance throughout the summer season. The activity is also in stark contrast to the meager sales of June at only $3.7 million, which implies that users are genuinely interested and not that the market is being manipulated. The most popular platforms are making strategic moves to develop infrastructure and creator empowerment solutions to continue growing long-term beyond speculative trading patterns. The Sandbox held its biggest land sale occasion, and Mocaverse is ready to roll out its own blockchain network with a testnet launch to be implemented this quarter. Otherside also offered world-building features that used artificial intelligence to allow users to build more complex virtual worlds with very little technical knowledge needed. Decentraland stated that it would make major engine upgrades, and HYTOPIA increased its creator fund and substituted current tokens with new HYBUX currency systems. According to industry analysts, the volumes are currently small in comparison with… The post Metaverse Shows Signs of Recovery as Virtual World NFT Sales Surge appeared on BitcoinEthereumNews.com. Metaverse NFT sales rose 27% in August with nearly 14,000 transactions recorded. Trading volume remained steady at $6.5M, showing strong recovery from June’s $3.7M. The metaverse industry is showing new energy following months of stagnation and NFT transactions in virtual worlds are showing strong growth trends. A recent study by DappRadar shows some promising news that users are slowly reentering digital spaces that have been deemed technological dead ends. The August statistics show that the metaverse NFT sales increased significantly by 27% in August over July, which amounted to about 13,927 transactions across the different platforms. This is the second month of continuous action, and it may signify market stabilization as opposed to short-lived fluctuations or speculative bubble action. Virtual Worlds Experience Gradual User Renaissance The trading volume was recorded at $6.5 million in August, a little lower than the $6.7 million in July but still at a very high level of performance throughout the summer season. The activity is also in stark contrast to the meager sales of June at only $3.7 million, which implies that users are genuinely interested and not that the market is being manipulated. The most popular platforms are making strategic moves to develop infrastructure and creator empowerment solutions to continue growing long-term beyond speculative trading patterns. The Sandbox held its biggest land sale occasion, and Mocaverse is ready to roll out its own blockchain network with a testnet launch to be implemented this quarter. Otherside also offered world-building features that used artificial intelligence to allow users to build more complex virtual worlds with very little technical knowledge needed. Decentraland stated that it would make major engine upgrades, and HYTOPIA increased its creator fund and substituted current tokens with new HYBUX currency systems. According to industry analysts, the volumes are currently small in comparison with…

                                                                               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