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 shows 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 over the past week – making it the Metaverse collection that made the most cash.
Although Decentraland ranked second in terms of total volume traded, last week’s top ten Metaverse NFT sales, which ranged from 225,000 MANA ($ 758,250) to 50,000 MANA ($ 220,000), were all on Ethereum in the virtual world -Base. 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 that uses blockchain technology and non-fungible tokens (NFTs) to pay 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.
DappRadar said $ 106 million in Metaverse land was sold to more than 6,000 merchants in the week ending December 2. “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.
Related: Flying hot from the shelves – virtual land based on blockchain
In June, 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 Opensea, Sandbox and Dentraland claimed their places as the two best collections that were traded on the platform in the past week.