Investment in the metaverse is increasing and land trading is at a record high. According to DappRadar, there were 147,000 virtual land trades in Q1 2023, with Otherside and MG Land accounting for 75% of all land sales. The trading volume for virtual worlds has also increased by 277% from Q4 2022, with $311 million traded in Q1 2023. This shows that the metaverse sector is gaining momentum in 2023 and attracting more money.

In Q1 2023, $502 million was invested in blockchain gaming and metaverse projects. Otherside and MG Land dominated the quarter, with Otherside’s “second trip” event on March 25th causing hype and driving up its trading volume to $222 million. MG Land, a 2D virtual world where users can rent land and customize their metaverse, also gained popularity with $60 million in trading volume and 45,219 land sales.

Createra Genesis Land is another emerging virtual world gaining popularity, with $14 million in trading volume and 6,308 total sales in Q1 2023. The platform recently raised $10 million in a Series A funding round led by Andreessen Horowitz, making it a potential major player in the metaverse space.

Overall, the metaverse sector is experiencing a surge of interest and investment, with several promising virtual worlds emerging and attracting attention.