The world of decentralized virtual reality is getting more and more exciting, as a new project called OrbCity is making waves in the crypto market. This virtual world allows users to explore and control their own cities using a variety of tokens and NFTs (non-fungible tokens).
One of the most unique features of OrbCity is that users can actually purchase districts in major cities like Zurich, Cape Town, or Bangkok on the NFT marketplace Opensea. At the time of writing, one OrbCity neighborhood in San Francisco was last sold for an impressive 15 ETH, or around $24,000.
But it’s not just the potential for real estate investments that’s making OrbCity stand out in the crypto market. The project is also partnered with some major players in the industry, including Animoca Brands, OKX, and Huobi.
The project originally launched on the Klaytn blockchain, a public network designed for the metaverse, gaming, and the creator economy. However, the team behind OrbCity has recently migrated the project to the Ethereum scaling solution Polygon (MATIC). This move is expected to bring even more opportunities for growth and scalability to the project.
Holders of ORB, the native token of OrbCity, have already been migrated to the new blockchain. This means that users who hold ORB will be able to take advantage of the faster transaction speeds and lower gas fees offered by Polygon, making it even easier for them to buy and sell virtual real estate on the platform.
Overall, OrbCity is a project that is definitely worth keeping an eye on. With its innovative virtual world, partnerships with industry leaders, and migration to a high-performing blockchain, it’s no surprise that ORB is significantly outperforming the digital asset markets