Digital land is in great demand in what is already a very lucrative market, as last week’s NFT and Metaverse sales showed.
data from industry platform NonFungible says it had more than $ 300 million in NFT sales in the past week. Almost a quarter of that was in digital land in the Metaverse sandbox.
For the past week, each of NFT Metaverse’s top ten sales were in the top 5 collections for digital land in the game.
The sandbox traded a total of $ 70.5 million for 4,433 assets last week – making it the Metaverse collection that made the most cash.
Even though Decentralized country Second place for total volume traded, the top ten most expensive Metaverse NFT sales last week, which ranged from 225,000 MANA ($ 758,250) to 50,000 MANA ($ 220,000), were all in the Ethereum-based virtual world. Decentraland traded $ 6.6 million in volume for 399 assets over the past week.
Meanwhile, for the past seven days, CryptoVoxels traded around $ 650,000 for 81 assets, Somnium Space traded $ 492,000 for 40 assets, and SuperWorld traded $ 227,600 for 506 assets – all of their top trades were also on virtual land.
The metaverse is an immersive virtual reality experience of the internet using blockchain technology and non-fungible tokens (NFTs) to pay for and own items online. For example, when you make an in-game purchase, you actually own the item and can freely hold, trade or sell it.
According to DappRadar, Metaverse land valued at $ 106 million was sold among 6,000+ dealers for the week ending December 2nd. “Without a doubt, Metaverse Land is the next big hit in the NFT space. With record sales and steadily rising NFT prices, virtual worlds are the new top product in the crypto space, ”said DappRadar in a blog post at the time.
In June created a virtual real estate investment firm broke Decentraland’s record for the most expensive digital real estate ever sold after spending $ 913,000 on 259 parcels.
On the NFT marketplace Open sea, Sandbox and Dentraland held their places as the two best collections traded on the platform last week.