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In Ridley Scott's flick, its potential is being further uncovered. One in which Decentraland will have a major impact.
Decentraland will make its premiere in Hollywood.
According to the release, the NFTs for the crypto-film 'The Infinite Machine' would be launched in conjunction with the Metaverse.
The Infinite Machine, the first NFT-financed film, will start its third round of NFT issues within the next month.
The Metaverse platform will be responsible for the development and integration of these NFTs into Decentraland's virtual world, per the agreement between Versus (the movie's producers) and Decentraland. This is a monumental development for Metaverse token holders and investors. They could benefit greatly from the rapid growth of this virtual environment.
Due to the sinking market, the Metaverse and its coins have recently exhibited some bearishness. The investors' lack of confidence, who have simply attempted to prevent further losses, has also not helped.
In the case of MANA, selling has been a constant trend, but it has accelerated during the past several days. This may be a result of MANA dipping somewhat after the 61 percent rally following the 11 May catastrophe.
During these three days, investors sold MANA worth $13 million to exchanges. Immediately thereafter, however, the prices recovered within three days and the altcoin surged by 17.88 percent, surpassing $1.
However, as spot market circumstances improved, the Metaverse maintained its downward trajectory. In fact, the average price of a LAND plot dropped to $5,333, the lowest price since the introduction of Decentraland.
This had an effect on the total sales value, with the LAND plots producing just $1.96 million in May, compared to a high of $8.9 million in January.
Price is solely responsible for the same, as the number of plots sold is actually larger than in previous months.
Therefore, only treatment within the Metaverse may repair the Metaverse-wide injury. The relationship between Decentraland and the film industry might accomplish this for MANA.
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