Decentraland Will Host Ethereum’s First Music Festival: Report

Decentraland will host Ethereum’s first music festival, a live virtual festival, and it promises lots of exclusive music, funds and NFT gadgets, so let’s see more of this on the new Ethereum news.

Decentraland is hosting Ethereum’s first live music festival and a lot of people are starting to attend. Decentraland is a cross between Second Life and Minecraft because LANd’s packages sold for millions of dollars in the virtual world. The upcoming festival will be virtual as crypt Second Life sim will host the TO THE MOON music and arts festival as part of a partnership between the well-known Origin marketplace, the NFT Tastemaker Collection and the company BEAR NFT Crypto Advisor.

One more week until Art Week 2021 (July 8-18). @lobsteropolis, @Hackatoo, @GraffitiKINGS, @eine_signs, @Playboy and @BoxheadTweets – just a few highlights #metaverseHome to art and culture. Read all about it in the latest blog post. https://t.co/tpRU9LQ6mq

– Decentraland (@decentraland) July 1, 2021

The festival takes place in the virtual headquarters ofknownOrigin in Decentraland and features performances by artists such as SNBRN, Fred Thrust, OOkay, Win and woo and Autograf. The organizers are also promising exclusive NFT freebies and attendees will receive a virtual PoAP token for branding their decentralized profile and purchasing exclusive clothing. Decentraland is a crypto and browser-based computer game with world building in Minecraft style and socialization in Second Life style, which came on the market in 2017 one of the 90,000 in-game plots as NFTs. According to NBT, Decentraland also has around 10,000 daily active users. In early June, the Boson Protocol will allow people to convert physical items into NFTs and receive around $ 700,000 in MANA for a piece of land they want to build a mall that connects Decentraland to real-world stores.

have fun @decentraland Exhibition with the works of art of talented artists come to us !! ????????????@NFTupdate
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– Bina Patel (@binaNFTs) 4th July 2021

At the time, Boson’s purchase was the most valuable real estate transaction on Decentraland, despite being put on hold by investment firm Republic Realm, a virtual real estate investment firm that paid $ 913,000 for part of Decentraland. Virtual real estate, like most of the NFT space, is a risky investment and what sin brings with it today may not be tomorrow. When the market is booming, buyers will not be satisfied with zero pixel earth.

As recently reported, Decentraland’s price spike comes less than 24 hours after Enjin Coin (ENJ), a native crypto asset on the gaming blockchain network called Enjin, saw 200% growth over Bitcoin after it posted it on the Samsung blockchain Wallet was listed.

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